i put my house for sale at 245k as per estate agent in oct , and had to reduce to 225k in november, still not one person looking at it. i bought it 175k 6 years ago.
Average UK House Prices Drop By £5,366 Following Budget - sell, sell, sell . . . no wait. If house prices are cheaper & rental is higher . . then buy, buy, buy . . .
James you really should delve into the data further and cross refer with Zoopla’s house size and regional price movement data. You will see that asking prices and the percentage asking price falls affect larger properties disproportionately whereas first time buyer houses are pretty flat. Just taking the headline average is a bit too simplistic.
As you said; Asking Price is not what the property sells for. The Bank of England Interest Rates are not coming down because of inflation but because the government and bank of England have realised people and businesses are going skint. Inflation is rising so Bank of Interest Rates should be going up but they will not. Expect unemployment and a recession in 2025.
![[MV] A leap of faith...ความเชื่อใจครั้งสุดท้าย (From "Petrichor the series")](http://i.ytimg.com/vi/U1piZH2CNXA/mqdefault.jpg)
Read MORE about it on our new blog: property-accelerator.co.uk/uk-house-prices-fall-5366-after-budget/
With the stamp duty thresholds coming down, it would affect both first time buyers and second home buyers alike.
Correct
How do best time for buy a house
Mine went up 5 grand this month according to zoopla 😂
zoopla always talks it up they can be 100k out
i put my house for sale at 245k as per estate agent in oct , and had to reduce to 225k in november, still not one person looking at it.
i bought it 175k 6 years ago.
What area is the house for sale in?
Average UK House Prices Drop By £5,366 Following Budget - sell, sell, sell . . . no wait. If house prices are cheaper & rental is higher . . then buy, buy, buy . . .
Buy buy buy dont panic.
Great the crash started. Because houses have actually been the same price since 2021.
They are dropping well more than that! That figure is so wrong....seen a bungalow drop fro. 550k to 225k 😅
@@naeedaafzal3055 50% reduction (550k to 225k)! There must have been major structural or legal issues with the property.
It had to happen. The decline will only accelerate in the coming weeks and months. Correction due 🎉
👍
House price will not drop much. Rent is too high to afford.
James you really should delve into the data further and cross refer with Zoopla’s house size and regional price movement data. You will see that asking prices and the percentage asking price falls affect larger properties disproportionately whereas first time buyer houses are pretty flat. Just taking the headline average is a bit too simplistic.
As you said; Asking Price is not what the property sells for.
The Bank of England Interest Rates are not coming down because of inflation but because the government and bank of England have realised people and businesses are going skint.
Inflation is rising so Bank of Interest Rates should be going up but they will not.
Expect unemployment and a recession in 2025.
Thanks.🎉🎉🎉🎉🎉🎉
So, it works? The housing crisis is in decline.
Only going one way.... I won't be investing I'm out 😁
Lord help us - the title of the video is a stretch