Business UK
Housing market: prices homeowners can ask for are now falling quite SHARPLY’ warns Liam Halligan
‘The prices homeowners can ask for are now falling quite sharply – as sellers face fast rising mortgage rates, putting downward pressure on the amount they can afford to borrow’
Liam Halligan goes through the numbers with Beverly Turner and Andrew Pierce.
#housingmarket #houseprices #liamhalligan #uknews
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Business UK
“Britain’s MOST EXPENSIVE Airbnb” – Will Kensington MOCKS the STATE of the UK
Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
#Labour #PrimeMinister #KeirStarmer #UKNews #GBNews
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Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
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Business UK
Martin Daubney | Monday 13th July
Join Martin for an up-to-the-minute take on the day’s events delivered in his own unique and lively style.
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Business UK
WATCH: French and British troops parade in Paris for Bastille Day
France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
#paris #bastille #french #zelensky
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The UN’s powers and limitations | Foreign affairs analyst James Marlow
‘You have the five permanent members on the security council that can veto, so anything that is done, Russia will veto it.’
Foreign affairs analyst James Marlow discusses the UN’s powers and limitations.
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@cherylalexes6540
December 30, 2023 at 8:05 am
House prices should of fallen years ago as they cant keep going up and i find it ridiculous estate agents and property programs feel its justified that any average house should be half a million its a joke , and people fall for the manipulation and chat by buying these over priced properties đŽ estate agents walking round a house and pricing it up , its a housing market people hence the word market overpriced with made up figures , they can walk round a house and make any figure up . Peoples fault for paying such ridiculous prices .
@Deborah_C1
December 30, 2023 at 8:05 am
Certainly! I understand that living expenses and taxes can take up a significant portion of one's income in the UK, which can limit how far that income can go. Even 100k doesn't get you very far and the dream of retiring early is starting to seem like a fairy tale. I have roughly $200,000 in 401(k) that I need to grow quickly. Please leave a comment if you can help.
@xElNinoo
December 30, 2023 at 8:05 am
The UK housing market is laughable. It was already terrible in 2019, then they printed a load of money and its just gone beyond insane now. To get it to proper levels, you'd need a major major crash. Like, at least 50%. If it crashes 15% it just goes back to 2021 levels. House price to income ratio is 10:1 đ¤ˇââď¸
@Mike-rr2ni
December 30, 2023 at 8:05 am
The one problem you're negating is that this generation also spends their money, they aren't saver's….
They have several holidays each year, they have weekends away, festivals, spa weekends, they eat out most weeks, they have constant takeaways…..
You know as well as me, we did none of these, we spent nothing, our first priority was to buy a home, there was self sacrifice and delayed gratification….
But not in today's generation, they want to live their best Instagram lives today…..
And thats why they can't, or won't be able to buy homes
@andymeh499
December 30, 2023 at 8:05 am
Must people won't even bother to buy or rent when the prices do come down as the markets and government are simply untrustworthy and have shafted an entire generation of adults, I will personally be going off grid.
@liberalmatt
December 30, 2023 at 8:05 am
If social housing is so important as per this commentator (and I agree), why is this right-leaning commentator ignoring the Thatcherite diktat that revenues could not be spent on LA housing build? How odd (how hypocritical)…
@user-zc3un5eu5c
December 30, 2023 at 8:05 am
Better off living in a campervan in a hot country
@naratipmath
December 30, 2023 at 8:05 am
5%off the asking price that was set at 10% higher than the target price?
@leemacdonald6533
December 30, 2023 at 8:05 am
House have gone up a ridiculous amount over the last 3 years, needs to drop atleast 25% .
@adam.althoff
December 30, 2023 at 8:05 am
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
@hindu12259
December 30, 2023 at 8:05 am
Call more people from abroad, so we can sell houses in high prices. Then jobs are gone, inflation is higher, NHS is in trouble. politicians are fooling usđ
@mmaaria222
December 30, 2023 at 8:05 am
No lies just facts
@sach196
December 30, 2023 at 8:05 am
1:04 "People in their 30's living at home, still relying on the bank of Mum and Dad…"
Oh piss off – you can live at home while not relying on your parents. If anything, my parents have been negatively affected by the rising interest rates to the point where if I didn't contribute to them, they'd struggle financially.
I probably shouldn't be so annoyed by the remark, but it's annoying this old man is being so condescending when his generation played on easy mode.
@sarahndoye6887
December 30, 2023 at 8:05 am
How much the Housing market is going to crash, I am not sure, but it will atleast come down by 10% although it needs to be far higher than that. What there will be however, is repossessions as people just cannot afford a payment double to what they pay now – especially households with children. What I wonder is 'where are all these people going to go?' There is no social housing, well not for British Citizens anyway and if you have defaulted on a mortgage you won't get private rented as your credit score will be low, so where will they go? Some can go to family but that is not an option for many. I really feel for these people. Our benefits systems should be for people who have paid into the tax system but have fallen on hard times and need assistance – not for every Tom, Dick and Harry, that arrives on a boat without any documentation. Legal immigration is just as bad, and this is why their is a shortage of private rents. It's disgusting how the Government treats it's own Citizens. It's all about other countries come first to them.
@parrish8386
December 30, 2023 at 8:05 am
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
@missrockafella9432
December 30, 2023 at 8:05 am
Prices are falling quite sharply. GOOD. They are FAR too high to start with.
@shakthidhasan4544
December 30, 2023 at 8:05 am
Hard to take GB news seriously …..being a racist channel. Nevermind even racist need access to economics.
@kayhussain8468
December 30, 2023 at 8:05 am
In the U.K. we need 20 percent intrest rates for 8-10 years we need to be a nation of savers from year 2000 people are not savers sickening in an emergency a family can coff up ÂŁ500 it should be atleast few thousand in an emergency start promoting high intrest rate for savers.
@KAISERDJG
December 30, 2023 at 8:05 am
The house prices need to come down…..after covid the prices shot up 20% so they need to come back down. that's why the BOE is up to stagnant the market and force the house values down … its by design its not a bad effect its literally planned.
@nickworley1000
December 30, 2023 at 8:05 am
Their single mum can watch them do their homework, đ đ đ đ đ
@kms367
December 30, 2023 at 8:05 am
I absolutely think and know gb news is an absolute load of right wing gob shite. But fair play for the pundits speaking the truth on this one.
The housing situation, like water, we can all agree is totally broken and needs increased nationalisation. We will all be more prosperous using the profits for our own benefit
@km99999
December 30, 2023 at 8:05 am
House prices are over valued in uk . It need a major correction.!
@louisliau
December 30, 2023 at 8:05 am
>>I'm in complete awe at how I went from living an average life to making over 63k per month. It's amazing. The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, MARCEL BENJAMIN COOPER…
@turbowank16v
December 30, 2023 at 8:05 am
Peoples snobbery and pretentiousness and keeping up with jones does help either.people need to be humble and be proud to he humble.
@shazoids
December 30, 2023 at 8:05 am
Asking prices are meaningless. I want ÂŁ2million for my shoebox on a busy road. No one is going to pay it.
@Eagle6Airsoft
December 30, 2023 at 8:05 am
There was a queue for the new build I just brought. They still donât sit long in our area. Still more people than houses.
@jeffmcadam9071
December 30, 2023 at 8:05 am
You ignore one key metric – selling time. Look at the time it takes to sell a home these days – the time has actually decreased SIGNIFICANTLY. Demand is high and people are rushing to buy and lock in a deal before it rises. Only an idiot would sell for less. Someone offers you less, reject it, demand is high and someone will quickly offer you the asking price.
@pointblankracer6274
December 30, 2023 at 8:05 am
I dictate what I sell my property's sell for… Never be desperate to sell, just be patient and it will go, but if you are in debt, that's a different story, I am not.
@LexTNeville
December 30, 2023 at 8:05 am
Got to laugh at the pre-conditioned Guardian lot who knee-jerk shun GBN. They really are missing out. Worse actually – they are misinformed.
@nikolaucznaum4312
December 30, 2023 at 8:05 am
Bullshine, no house building go on.
@florinserbabh4560
December 30, 2023 at 8:05 am
đ
@Joe-og6br
December 30, 2023 at 8:05 am
Liam Halligan. Actually has some realistic views. More people like him. The world is not black and white.
@andrewwing5086
December 30, 2023 at 8:05 am
I've read Liams book home truths, well worth reading this fella knows his subject inside out and up side down. All the statistics
In the book are substantiated, it's a real eye opner. Thanks Liam for shining a light
On one of the most important subjects of moden times.
@s14vko
December 30, 2023 at 8:05 am
So let me get this right… Labour is basing it's winning strategy on council housing?
So instead of focusing on resolving a massive problem of uk's financial issues brought on by completely useless monetary policies, greedy bankers and corporations, and public services at an all time low, Labour is basing it's winning strategy on putting more people on council housing!?
So what is the long term plan here? Everyone in UK goes on council housing since nobody can afford to buy a house?
They are paid a meager wages just to survive by working (if they are working) a low end job, as if you earn too much you are kicked out of social housing and your benefits cut off.
The way I see it the UK will be designed for richest 1% to own everything and 99% to be slaves doing their masters' bidding just barely surving.
If you have means of getting out of UK, now is your chance, for those that will be left it will not be good news.
@stephengreen2626
December 30, 2023 at 8:05 am
Why donât you remove fake comments? I am talking about those strings of âI made ÂŁ30,000 in a week with my advisorâ âwho is you advisor?â âitâs Annie Getja Gunnâ âyeah I looked her up, sheâs the bombâ. They come together quickly in clusters.
@wasimaps
December 30, 2023 at 8:05 am
House prices…also remember in the 90's the average house prices were 3 times the annual salary. Now the average house prices is about 11 times the annual salary. This is why people cannot afford to buy their own home. Salaries have not kept up with house prices.
@endrefidje5698
December 30, 2023 at 8:05 am
Is a major housing crash, coming to a place near you? … Buy one, get one "free" deal soon?? đ¤
@neilcooke6524
December 30, 2023 at 8:05 am
Fuc ed england
@paulhill2366
December 30, 2023 at 8:05 am
"Why are you blushing?" lol
@markwilson9061
December 30, 2023 at 8:05 am
I bought my house for ÂŁ125,000 in 2005, it remained that way up until 2017, now, my neighbour further up is selling, same house for ÂŁ249,000, madness!