House Prices To Rise Rest Of 2024 And Next Year

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Property Accelerator - James Nicholson

Күн бұрын

House Prices To Rise Rest Of 2024 And Next Year
In this video, we explore the forecasted rise in house prices for the rest of 2024 and into 2025. Join us as we delve into the key factors driving this upward trend, including economic conditions, market demand, and government policies. Whether you're a potential buyer, seller, or just curious about the property market, this analysis will provide valuable insights into what to expect in the coming months. Don't forget to like, comment, and subscribe for more updates on the UK housing market!
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Пікірлер: 64

@propertyaccelerator 16 күн бұрын

Read MORE about it on our blog: property-accelerator.co.uk/forecast-rising-house-prices-2024/

@mollyandthewonderpups5708 16 күн бұрын

After listening to the messaging from the new government, they have made it crystal clear that Prisons, the NHS, Defence, Schools and Local government are all ‘Broken’, Tough choices will need to be made’ and ‘Public finances are in the worst state since the second world war’. Alongside each statement the speakers have been very clear in the attribution of fault for the topic they are discussing to be the previous government. So what, all this messaging is a prelude to discussing the ‘Tough Choice’ which will be simple either a tax rise or cut of a service, there is no other choice. Either way it’s going to hit households financially and I believe it’s going to be a hard hit which will reduce disposable income and affect affordability even with reducing interest base rate. I hate to be a pessimist but I fear we haven’t hit the bottom of the barrel yet by a long chalk.

@propertyaccelerator 15 күн бұрын

👍

@garethrow4088 15 күн бұрын

You are absolutely 100% right, and anyone thinking house prices are going to go up over the next couple of years is living in a different reality. Unfortunately the bottom of the barrel is a lot further down than where we are right now and that’s not going to get any better any time soon 😮 The asking prices by sellers may continue to go up as there is a stand-off between sellers and buyers due to the fact it all boils down to affordability and the squeeze over the next couple of years in taxes is going to make that situation even worse.

@LunaNosille 14 күн бұрын

So, do you mean that prices are NOT going up next year then, due to the public struggling>?

@annab4402 16 күн бұрын

I just bought a flat in London that was 280k (reduced from 320k in January ) and now I see exactly the same flats in the same building for 285-310k

@wedocam 16 күн бұрын

Doesn’t mean they will sell at that price

@propertyaccelerator 15 күн бұрын

👍

@g.p616 16 күн бұрын

There will be NO Price rises.. where is the money coming from to finance these predicted rises?!!😂😂😂

@pmtilbury6596 16 күн бұрын

40 year mortgage terms plus the labour government helping first time buyers which gets the entire ladder moving

@BobBuilder-mq9wr 15 күн бұрын

Tax raid from Labour will push wealthy people to invest in property

@propertyaccelerator 15 күн бұрын

Longer mortgages and schemes from Government to keep property moving.

@Gamegodz76 13 күн бұрын

Really thankful i found your channel today, really informative.

@propertyaccelerator 12 күн бұрын

Awesome, thank you!

@Grow.YT.Views.914 16 күн бұрын

You're a legend in the making

@propertyaccelerator 15 күн бұрын

🙏

@parkoursomebody4906 16 күн бұрын

Japan 1990. Some of the pre-conditions are already set for a repeat of this.

@propertyaccelerator 15 күн бұрын

👍

@tdizzal6291 10 күн бұрын

What happened in Japan in 1990?

@parkoursomebody4906 10 күн бұрын

@@tdizzal6291 a massive crash. If you bought a house in Japan in 1990, it would have taken until roughly this year for it to be worth the same. And Japan is the same size as the UK with 2 x population so the "it won't happen ... small island too many people" argument gets blown out the water.

@tdizzal6291 10 күн бұрын

@@parkoursomebody4906interesting, I'm going to look this up.

@gohrt9139 14 күн бұрын

Been looking at allt of reduced properties and leaving bids .the changes in stamp duties is going to bring prices down plus lenders are fown valueing new builds and just seen a 560 down vald 90k not a new build

@propertyaccelerator 14 күн бұрын

👍

@weewurri3216 15 күн бұрын

Interesting! So if more properties come onto the market this will push prices up?

@BobBuilder-mq9wr 15 күн бұрын

Massive backlog ... 1.3million people a year its no wonder

@propertyaccelerator 15 күн бұрын

Labour have promised 1.5 million homes in 5 years. Its unlikely that will happen as every Government has promised the same. More houses will make prices drop or stay level for a while.

@paulmessenger9836 15 күн бұрын

Do the labour party employ builders and trades not that i know of

@propertyaccelerator 15 күн бұрын

No their plan to is making planning permission easier. There are plenty of builders who want to build big projects but cant due to planning.

@bogdanbogdan3551 16 күн бұрын

What about Midlands?

@propertyaccelerator 15 күн бұрын

Sadly no date on Midlands

@ctznx9039 12 күн бұрын

Bank of England said interest rates won’t drop to the rates they have been but to 3.5 percent 4.5 percent so gonfigure

@propertyaccelerator 12 күн бұрын

Correct the target is to bring them down to around 3.5%. That will change when we go into another recession whenever that happens.

@podgemcgrath 11 күн бұрын

3.8% up in a year is not 'good' it's completely flat. It just means the prices have risen in line with inflation.

@propertyaccelerator 8 күн бұрын

In real terms its flat, but if you have a mortgage your debt is reducing and you are building equity which helps.

@GazzT27 13 күн бұрын

What do they mean by house prices ? Sold prices for the avrrage home? Median sale price ? Mean sale price ? Or listing prices ? In Norwich I'm seeing loads of reduced properties , one today local to me has come down 25k to 350k.... and still no takers. Time will tell. Also James you mention a few times interest rate drops... how low do you think they'll need to come before people start buying larger houses again? 4 ? 3?

@propertyaccelerator 12 күн бұрын

Sold prices, I think larger properties wont be popular for at least 2 years. People still feel the pain of inflation even when its gone takes a while for people to feel comfortable again.

@user-rp5fh7bb5x 15 күн бұрын

If they are going up why are the prices going down. Average prices are not correct as they are all house price sizes.

@propertyaccelerator 14 күн бұрын

Most landlords intend to increase rents - www.landlordtoday.co.uk/breaking-news/2024/7/were-raising-rents-in-the-next-year-admits-vast-majority-of-landlords

@scottstewart_estateagent 15 күн бұрын

Oh jeez what on earth is going on !

@propertyaccelerator 14 күн бұрын

👍

@youtubeman5033 16 күн бұрын

I would think that prices would rise there is a shortage of houses but labour is going to build thousands, where the money is coming from baffles me, but if they do it, then prices might stay down , but property has always been the best investment out there, I bet and wouldn’t be surprised if labour put some new tax on landlords or bring in a expensive licence scheme, ,they don’t like landlords so watch this space

@John-ou4rm 15 күн бұрын

Labour types said "If you build more motorways, there will simply be more vehicles". Well, the same logic applies to housing, "Build more houses and you'll get more immigration".

@propertyaccelerator 15 күн бұрын

Making planning easier will get developers building again. They still wont build nearly enough places.

@John-ou4rm 15 күн бұрын

@@propertyaccelerator Also if new housing is more expensive to build than the cost of old housing then that slows the release of new builds into the marketplace. Prices won't also drop because on an affordability basis Britain isn't too bad, it's better than Canada, Australia, New Zealand and quite a number of expats see the price here and convert back making them think about returning.

@TheTrinitygroup 16 күн бұрын

18 year cycle price drop due 2026 hopefully steep rise 2025

@paulmessenger9836 15 күн бұрын

Government interference in the market and millions on the move from around the world houses aren't dropping the poor are going to get squeezed

@propertyaccelerator 15 күн бұрын

Could be right again.

@SilverWong-yo5iu 15 күн бұрын

Try to talk up the market but global property prices are falling...fast. Sure win property investment Era has gone

@propertyaccelerator 14 күн бұрын

👍

@DowntownR 15 күн бұрын

Please use real prices. Marginally going up means a real term loss.

@propertyaccelerator 15 күн бұрын

👍

@i.c.9343 14 күн бұрын

Untill the labour is on power with a milion of illigal immigrant and not the house price will go mad

@propertyaccelerator 14 күн бұрын

👍

@infernogamers168 15 күн бұрын

Still waiting for that crash you’ve called for? Or is it the classic click bait

@propertyaccelerator 14 күн бұрын

Ive not called for a crash, that is Moving Home With Charlie.

@claytonjane412 12 күн бұрын

It looks like a very tough summer ahead for sellers in certain price ranges .. supply seems to be on the rise & fewer sold boards. The FOMO isn't now working like during COVID ( & Post COVID ) lots of " unexpectedly back on the market" is falling on deaf ears ... Get the Olympics over with then look again😊

@claytonjane412 12 күн бұрын

Agents are still on occasions " over valuing" to get instructions.. it's a major issue & constant battle ... Although this will be less when agents need sales , cash flow , staff to pay etc

@user-ol7tl1vf5m 15 күн бұрын

Housing will continue to fall as it has been doing the last 12 years when measured from an ethical monetary system such as Bitcoin. 😏 I don’t pity anyone who continues to choose using the manipulated and centrally controlled fiat monetary system

@propertyaccelerator 14 күн бұрын

👍