Talking property and housing markets, Phil Spencer is joined by property economist Dr. John Boyle a Property Economist, to discuss UK house prices in 2024 and the UK housing market.
At Move iQ we believe its important to discuss what’s going on in the market with a range of different experts to help you make your own mind up about what you think’s ahead – no-one has a crystal ball but everyone has an opinion.
We hope you find this informative and useful – you can use the time stamps below to skip to a topic of interest.
👉 VIDEO TIMESTAMPS ⏳
00:00 Introduction
02:13 Housing market sentiment
03:23 House prices
06:27 Don’t ignore the headwinds
08:26 Housing market dynamics
10:36 Rent controls in Scotland
14:04 Affordability re-balance?
16:42 Renting long-term
18:34 Advice if you’re moving in next 12-months
22:04 Downsizing
👉 Dr. John Boyle is Director of Research & Strategy at Rettie & Co
🔗 https://www.linkedin.com/in/john-boyle-38204631
Enjoyed this video? Want to see more? Subscribe to the channel with the link below. That way, you won’t miss any future uploads.
👉 SUBSCRIBE TO MOVE iQ YOUTUBE CHANNEL
🔗 https://www.youtube.com/c/MoveiQ
👉 GET PHIL SPENCER’S ADVICE DIRECT TO YOUR INBOX ✉
🔗 https://www.moveiq.co.uk/newsletter-signup/
👉 VISIT OUR MOVE iQ WEBSITE 💻
🔗 https://www.moveiq.co.uk/
➤ CONNECT WITH MOVE iQ ON SOCIAL 📲
Twitter: https://twitter.com/MoveiQProperty
Instagram: https://www.instagram.com/moveiq/
Facebook: https://www.facebook.com/MoveiQ/
TikTok: https://www.tiktok.com/@philspencertv?lang=en
20 Comments
Crazy prices aren't lower.
Charlie's followers are waiting for this big 35% drop. Lol
These economists are way out of touch. You just have to go out and see and you can see what is happening.
Brits are high income earners , should be able to withstand
💤
This channel has destroyed Phil’s credibility for me.
Thanks for your opinions and content always great to watch
House asking prices in mid Sussex continue to be ridiculous. Some below average properties on for £5000/m2 😂 the estate agents that agree to this…🤣
The whole interview is predicated on the tiresome presumption that in some way escalating property prices are good for the economy. Perhaps that might be so, for some sectors of society who have a vested interest in making money from property, as if were it were no more than a business.
I have personally, done well out of property, but nevertheless I would welcome a sustained drop in property prices over a number of years to the point where our young people and those on lower incomes, at least have a chance of buying property or paying a rent at a sensible price.
I believe it to be unfair to expect private developers to build social housing. Instead, I do think it the responsibility of the government to embark upon a wholesale programme of social house building. The cost would be substantial, but that is what taxes are for and if they need to be increased the cause is surely worthwhile!
One day, I hope that in the UK we might be able to develop a much more sophisticated attitude toward property, akin to many of our european neighbours who are preoccupied with the concept of the provision of a 'home' as distinct from the opportunity of making a fast buck!
The greed on display is sickening
Down
Pump Pump.
This is just guff
When will the house crash happen so property becomes affordable? Been waiting for nearly 20 years now.
Halifax Mar property prices dropped 1% month on month, not as bright as mass media said.
Unfortunately any economist that doesn't talk about house prices in real terms (not nominal terms) is not worth listening to. In real terms house prices are at 2013 levels. The problem is that your salary hasn't increased, that's why you can't afford to buy a property. It's simple maths, you don't need a PhD. Crunch the number and see for yourself, surprising this 'economist' didn't mention anything of the sort.
If you so called experts took half an hour to do some real research you would not be talking such utter nonsense. The ONS could include more than 15% of UK sales in the monthly HPI but they choose not to. Why do you think they leave out 80 to 85% of UK sales? Please comment and do not say they do not come in for up to a year – they only include about 12 or 13% of the sales they could on the day for England and still blame covid! Less overall sales mean they can include less – disgraceful Ponzi scheme to protect 800 billion quantitative easing money for the rich and banking friends. The commercial banks HPIs state you should never use them as a value of your home, they can leave out any sale they like and will never reveal the workings. So what use are they? Finally, put in any postcode on the Land Registry price paid database and search 1 Nov 2023 to 30 Nov 2024 and see the worst falls. Many 30, 40 or even 50% drops in Portsmouth where I live – do you know these facts and are choosing to ignore the facts or are you the lest expert in the industry. It is actually much worse than I am stating because he ONS Include 80& of Scottish and 50% of NI sales so they only really include about 10% of English sales. Why is this not bigger than Watergate?
No, no, no! You have failed measurably to properly introduce your economist/chartered surveyor. Dr. John, Dr, John WHO??? Then you go on to reference LinkedIn.
Who in his right mind, considers LinkedIn as a credible source for anything?
Oh yes, your Dr. John a well decorated Scottish, so-called expert will be really careful not to rock the boat with his lies and more lies!
This PhD knows as much about where interest rates are headed as does Santa Claus.
This at a time when people are rightly questioning the benefits of holding a university degree at any level…!
To add insult to injury; you the [knowledgeable expert influencers] at: Move iQ have the audacity to rely on the take of the real estate brokerage scum who rip both both sellers and house hunters every day of the year. – No, I refuse to like and subscribe to your "super grateful" profound sense of entitlement!
😂 this really is 🦄 material. Just total and utter bollocks. This is far far far worse than 2007. Speak to people on the ground Valuers, estate agents and they will tell you it’s a car crash.
This is interesting. Literally just watched an empirical analysis by PensionCraft. Adjusted for inflation house prices have only risen by 1.1% per annum compared to shares at over 5%. Only an average and there is cyclicality, the reality is unless get cheap mortgages, the investment case for buying houses is poor. We all have stories of success, but we are generally caught up with the obsession of housing in the UK. Time it right. Over the long run, housing is for lifestyle not an investment.
Pensio Craft data shows that in real terms after inflation, house prices in UK in 2004 were on average slightly above what they are now. Remember inflation last two years been 20%. House prices actually fallen during this time.