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UK household price falls by 0.6% | Mortgage expert explains what this means for house buyers

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‘The numbers we saw at the start of this year made it look as if we might have a bounce back.’

Mortgage expert, Will Rice, reacts to the average UK household price falling by 0.6% in the last month, the fifth consecutive monthly decline.

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32 Comments

32 Comments

  1. @erdevon3257

    January 7, 2024 at 2:28 pm

    Been way overpriced for too long

  2. @martinattwood7801

    January 7, 2024 at 2:28 pm

    House prices will fall by about 25 to 30 % on average over the next 2 years .

  3. @stevep9221

    January 7, 2024 at 2:28 pm

    This is a con figure. Read the Ts & Cs on this HPI. They will never divulge how they come up with the figure, can leave any sale out they do not like and say you must never use at a guide as to the price of your house. You might as well wipe your bum with it. Also the government one is just as bad. Look at what they say and they use less than 50% of residential sales to come up with their figure and then (although they say they include all sales they do not. They then chose around 80% or less that mean their initial figure hardly changes. This is a ponzi criminal government backed con mans tools to allow them to tell you your house has gone up when giving their rich chums free money through quantitative easing.

  4. @tonyc1167

    January 7, 2024 at 2:28 pm

    this effects everyone, builders, solicitor's, estate agents, brokers, banks themselves. cant see it lasting much longer, not enough housing and uk needs to keep up for demand.

  5. @missjane782

    January 7, 2024 at 2:28 pm

    This is not due to the mini budget. Most of these houses had sales agreed on average 5 months earlier and still includes some low interest mortgages

  6. @UKairways

    January 7, 2024 at 2:28 pm

    Why would anyone join a game of monopoly after every square has been filled with the hotels of others?

  7. @johnadamson8484

    January 7, 2024 at 2:28 pm

    Boomers panicking that there fake house price is going down. So is your neighbours. Housing market is being used as a strawman for wealth. Those that may lose their house because interest rates are rising couldn't afford it in the first place. House prices need to drop, its simple. Instead of carrying on with this ponzi scheme.

  8. @Blahblahblahworlds

    January 7, 2024 at 2:28 pm

    The whole piece is framed as "this is a blip/we've got through the worst of it". They're not even trying for a sensible it fair analysis.

    Get someone in the chair whose job depends on pricess more mortgages and they're going to tell you a story which means you'll need to get a mortgage

  9. @alexsteven.m6414

    January 7, 2024 at 2:28 pm

    To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

  10. @paulgibbons2320

    January 7, 2024 at 2:28 pm

    End of the artificial inflation.

  11. @papadajnia268

    January 7, 2024 at 2:28 pm

    Nobody want to work people lost motivation!!! If you can't save up anything just stay with parents and claim benefits

  12. @papadajnia268

    January 7, 2024 at 2:28 pm

    They tell you what they want you to hear

  13. @visiblekoment

    January 7, 2024 at 2:28 pm

    Green shoots? Today's rate rise just stamped on them!

  14. @rakeshmehra3657

    January 7, 2024 at 2:28 pm

    Crash and burn 30pc

  15. @MJ-YT-USR

    January 7, 2024 at 2:28 pm

    It's just the BOOM and BUST cycle continuing. And as odd is it sounds, the the rich love the BUSTS as hey can buy more stuff cheaply and becoming even richer in the long term. Money doesn't matter. Stuff and the control and easy income that comes with that stuff is what matters.

  16. @MJ-YT-USR

    January 7, 2024 at 2:28 pm

    House prices are and will continue to fall, so long as the Government or the BOE don't interfere – which they've done for many years now. The 26% fall in Dec compared to Nov is a bit of a daft comparison due to Christmas. Dec to Dec would be a better comparison. If left alone market demands will correct the market, but we only pretend to live in a free capitalist market a lot of the time. Most markets (housing, stocks and shares etc.) are over inflated right now by due to a decade of BOE interference.

  17. @robertgray8960

    January 7, 2024 at 2:28 pm

    Repossession are rising house crash soon inflation at 30%% people can’t afford to live let alone bye houses get someone on who noes what he’s talking about

  18. @richardmckrell4899

    January 7, 2024 at 2:28 pm

    I pretty sure the solicitors are still doing just fine.

  19. @happyslappy5203

    January 7, 2024 at 2:28 pm

    "England has the smallest average home in Europe. "New research from Cambridge University has found that the UK has the smallest homes by floor space area of any European country." ..

    "Switzerland and the UK have more expensive housing than other European countries according to Eurostat." Housing in the UK was 56.5% higher than the EU's average." Overpriced rabbit huts.. what's not to like?

  20. @user-bi8ko7kc6h

    January 7, 2024 at 2:28 pm

    But annual house price ‘growth’ is still going up😅. Lots of people are struggling and have to choose between eating or heating. Some can’t even pay back their mortgages. Those who can manage to get a mortgage and buy houses right now are mainly investors not user.

  21. @brocktonblockbuster6555

    January 7, 2024 at 2:28 pm

    Why is BBC Radio airing an advert about healthy hearts in connection with AstraZeneca when one of their presenters, Lisa Shaw died of heart complications due to the AstraZeneca jab (coroner’s verdict) 🤷🏻‍♂️

    What the fuck.

    Literally, no respect or shame.

  22. @andrewbarton3040

    January 7, 2024 at 2:28 pm

    People are greedy and buy multiple houses just to rent them out so it pays their 4th and 5th mortgage off today is good news for first time buyers bad news for greedy pigs who own 6 houses and Rent 5 houses out hope housing market crashes

  23. @DavidGetling

    January 7, 2024 at 2:28 pm

    Despite being a house owner, I would like to see house prices plummet, so that young people have the same chance as I did to own their own home.

  24. @monkswhiskers3354

    January 7, 2024 at 2:28 pm

    Good. When house prices were inflating more than a good productive job’s wages, how on earth is that good for society. This correction should have happened in 2008 but they were desperate to inflate the housing bubble. You reap what you sow, a crash a long time in the offing.

  25. @paulmatthews9366

    January 7, 2024 at 2:28 pm

    Its a bank lending financed and goverment sponsored ponzi scheme. It'll keep being propped up until the country runs out of money. Debt payments were 17bn in December alone. That day is coming.

  26. @barbaraaimson2100

    January 7, 2024 at 2:28 pm

    Really, my friends ,oap, bread was up 20p this week

  27. @stephfoxwell4620

    January 7, 2024 at 2:28 pm

    Household price?
    Surely house price.
    A household is the people comprising the residents of a house.
    They have no price.

  28. @garethjohnson1994

    January 7, 2024 at 2:28 pm

    And they will keep dropping and Black Rock et al will be snapping up properties until you will own nothing and will be happy.

  29. @LeeKirkman88

    January 7, 2024 at 2:28 pm

    But its the super rich that will buy them up

  30. @ivanmcallister8546

    January 7, 2024 at 2:28 pm

    The W.E.F stooges blazing ahead ,with schwabs grand plan . You will own nothing and be happy.

  31. @shanjanusman9974

    January 7, 2024 at 2:28 pm

    Just as Dr Schaub prescribed you'll own nothing and be happy 😊 😃 😀 😄 😁 🤣

  32. @faithingod5533

    January 7, 2024 at 2:28 pm

    And it's only just begun…… You will own nothing and be happy

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