UK property prices have been falling according to official data and the OBR are forecasting a 9% drop between now and 2024, but many think UK property prices are in for a much larger decline.. Today I look at the discussion around this in an attempt to answer how big the decline might be?
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Links from video:
Landregistry data: https://landregistry.data.gov.uk/app/ukhpi/browse?from=2000-01-01&location=http%3A%2F%2Flandregistry.data.gov.uk%2Fid%2Fregion%2Funited-kingdom&to=2022-08-01&lang=en
OBR Forecast: https://obr.uk/forecasts-in-depth/the-economy-forecast/housing-market/
RICS Survey: https://www.rics.org/uk/news-insight/research/market-surveys/uk-residential-market-survey/
BOE Report: https://www.bankofengland.co.uk/statistics/money-and-credit/2022/october-2022
Property Research:
https://www.youtube.com/@propertyresearch6442
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00:00 – The Average Price
00:41 – Like the prices of property
01:53 – Have prices already dropped?
04:02 – Caveats.
04:41 – Sponsor
05:49 – How Far?
06:04 – Covid Bubble
07:33 – Past Performance.
09:47 – Price to Earnings.
11:34- Leading indicators
14: 13 – What are the Pro’s saying?
15:19 – What Should We Do?
17:14 – Billy Joel & Biscuits
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DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.