I just don't understand why people think house prices rising constantly is a good thing. We pay more stamp duty, higher fees and if you're up-sizing, that gap between what you have now and what you want just gets bigger. Absolute insanity unless you're lucky enough to be downsizing or selling an investment.

Why does nobody talk about the fact in the US they have fixed rates for over 30 years. Completely different to the UK norm.

Love these videos, but can you please leave the graphics on for much longer whilst you talk rather than cutting back to you?

The house prices are ridiculous. Here in Australia the rich can literally print money by negative gearing their investment properties. The Government has literally inflated an already overpriced market with these tax cuts. As a young person looking at buying a home while having to pay sky high rent it’s infuriating. Knowing if I was just ten years older buying a home would have been a walk in the park with low interest rates and much cheaper prices. I can only hope interest rates keep rising to cap the market. If something doesn’t happen soon I can see a revolution on the cards with young people having no prospects in this current market

Moving home with Charlie, has got it right !

I think the main reasonn for house prices still elevated is due to low unemoyment. It takes a few years for the housing market to adjust. Once unemployment and business failures increase as the economy slows then we will see more listings. In Australia, low listing levels are supporting prices as buyers are holding back given still low levels of forced sales. As we move in to the later part of this year and into 2024 I would expect prices to continue to fall again as many mortgages revert from fixed to floating rates. This will be a significant head wind and I would expect supply to increase while demand falls as the decline in real wages will constrain demand. House prices in Australia are at least 40 to 50% over valued given where incomes are at.

House Prices have Not necessarily been going Up. It’s the Value of Currency that’s going Down. Very important to keep this Key Factor in mind when discussing property prices in nominal terms (£).

I really enjoyed your insights about whole world property situation. Please keep it up.

What people must remember that most places in the UK, it’s still more expensive tobuild than to buy so I can’t see house prices dropping too much until building costs come down to many regulations keeping the price inflated

Superb vlog. Thank you. I would love to see a ban on foreigners buying houses in the U.K. There are not an insubstantial number of houses which are bought as investments and never let out. The other issue we have is that so many people add their profits onto the house price, land speculators, builders, estate agents, surveyors and solicitors and then finally the banks get a bite. A house in the U.K is valued far higher than the cost of the land and the builders bill. The markets do not work in favour of those seeking homes. I know, I know, markets fix the prices... but I think we need to fix these market dysfunctions a little more than we do. Again thanks and let us hope the U.S. does not go into recession. That might just be the camel's straw.

I’m in Cambridge uk, house prices are flying up, A hen shed costs at least £500000. Prices aren’t going any here but up up up, don’t fool yourselves.

2 things to consider on house prices. Economists, Accountants and professional valuers value ANY asset as the NPV of future income from the asset. NPV is the risk free rate which is the bond rate for that market plus the risk premium that one applies to that asset. So when interest/bond rates go up, the higher NPV reduces the asset value before considering the change to the risk premium. In property its the Yield. Higher worldwide interest rates will impact all asset values. The 2nd consideration is Price which is the equilibrium of supply and demand. Higher interest rates reduce demand but also supply, new builds may not be economically viable so dont get built, it takes circa 2 years from starting a development to closing on the sale and why development is high risk and hence a high discount factor. But Price is local, cant move a property and particularly for residential Price is the many factor. Its good to have statistics but they are averages and generally not at a local level hence the US market increases, drill down and some areas are dropping eg San fran down 16%. We are now in a normal interest rate environment rather than the downward pressure monetary policy environment stemming from the 2008 financial crash. In an ideal world interest rates would match inflation keeping everything neutral in real terms but thats not realistic but it is why inflation is so dangerous.

Really informative ⭐️⭐️⭐️⭐️⭐️

UK net migration just hit over 600k people, how can you keep up with building new houses to so many people? That’s why prices are very unlikely to drop much, on the other hand we are reaching the limit of affordability for average earners to buy anything at the moment…

Thanks for interesting and informative efforts and am buying your books soon ✌️

What about Irish property market sir

As housing and rental prices soar, more people are opting for roommates and sharing their home with others to save money. This will make more homes available for sale

Many UK politicians have large property portfolios, they won’t crash the market. They might crash the market temporarily so that they can scoop up some more at cheaper prices but it will bounce back quickly.

Thank you for the great video!

Good illustration

I had a quick look last night & to my surprise banks are offering 4% 5 year fixed terms. They must be making a loss offering these product it makes no sense. Don’t believe goto COOP Bank & search fixed rates but select I’m an existing customer to see rates.

Unexpected high inflation? This dude must work for the BOE!

Foreign buyers weren't the only (or even the main) contributor to Canada's overall housing crisis - although they have devastated some key population centers. So even if the ban worked perfectly, more would need to be done. That being said, the 'ban' was created with so many loopholes that it was easily avoided by any foreign buyer wishing to do so. This is now held up as a reason to dismiss this as an important factor to unaffordability: "we've tried to address it, and failed - let's look elsewhere for answers." This is a smoke screen, and foreign buyers are still an important contributing factor to the crisis here. Not the only one, but one that cannot be left as is.

It might be worth doing a video on how those people who were hedging against inflation hoarded residential property by buying it up and may have distorted the market and how these people may react when seeking to sell during a falling market

Amazing job, keep going! 👍

Moving home with Charlie explains the situation in layman's terms. Alas the populous are still non the wiser listening to the guff.

PE is useful, but the high PE doesn't have to mean falling prices. Earnings could also rise and have been rising. In the UK, house prices have been stagnant while wages rose 6-7% only so far in 2023. If this continues for a few more years, combined with moderate inflation, then the PE will normalise without a crash. Also the British obsession with housing means that in the UK there probably is always going to be a Premium on the PE compared to other countries like Germany

Global except uk

Great content as always- thanks

People not selling houses in the US s NOT evidence that prices are not falling there. They are not selling coz potential sellers can't get the price they want - so it is evidence of falling prices. Refusing to sell merely stops indices which track sales from showing what is happening, ie that the market is falling

House price wouldn't crash as the price of raw materials and labour are rising. The impact of rising interest rates on house price is minimal, so would take few years to rise again.

US inflation data shows it is falling, but that is because for 2023 they changed the formula to only use 1 year of data as opposed to 2 years. Add this onto last year and it is not coming down as steep and core inflation is actually increasing

Harry Dent has been saying this for years

The answer is : everywhere nearly. The reason is a slowly unfolding collapse in population growth and fewer and fewer people in the market for houses over years. In most of Europe we have reached the peak already. In the UK we are at the peak, actually Brexit has hastened it. There will be no return to what we saw over the last 20 years here, but there will be more and more available houses as more and more older people move to care homes and die there, while there are fewer those who want an can afford to buy. This population decline can't be stopped by any gov policy, it is a global trend that has started 40 years ago. Over two generation this country will have 30% fewer natives ... and soon natives will be a minority in the UK. Fall is inevitable, for now it is being managed, but that's just a prelude to a collapse over the next decades as seen in Italy, Spain, Japan, Portugal etc ... only some large cities survive this slightly longer. Prices go up where there is demand ...

If all house prices fall and you just want to move it makes no difference to you.

Sound like some one working for Rightmove

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Simple amswer,, everywhere 😂

They need to fall by at least 50% before people can begin to afford them again. Devaluation of the confetti paper.. Oops. We're all in deep shit mate

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