In 1997, HK property price started to drop. It dropped 30% in 3 years (2000), and finally dropped 70% in 7 years (2003). Many pp who paid 30% down-payment in year 2000, was forced to sell when they were out of job, not only losing their flat and down-payment, and went into bankrupt. This could happen to UK if the inflation rate remains high, interest rate will be high. During recession, people are not willing to buy property but many are forced to sell.

Don't listen to this Muppet. If rates get to 6%+ then of course it's going to crash in 2024

Lots of good points. Thanks

The number one reason why there has not been and wont be a crash is UK govts have been and will be pumping in huge levels of immigration to sustain the housing bubble. Second is govts make sure not enough houses are built so as not to burst the bubble.

This man is a clown. He has been skimming off the top of a rising Housing Market – no brainer – now it's in down turn and he is in complete denial.

How prices arent over valued. – 😂😂😂😂😂 is he kidding me. DO NOT GO OUT AND BUY A HOUSE THIS YEAR .

thanks for that video as a 37 yr old it's good to listen to older people and their wisdom and work and professional views. can be good for an guy like me going into the older age…. but who don't know that much about that subject.

Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world. both NFT, real estate, Gold and Crypto is positively changing people's lives. I stopped panicking about the market the very moment I started working with Archie Wyatt last year, his confidence and skills is on a maximum level on (Bitcoin trading).

One of many of self designated experts that don't have a bloody clue… 13 minutes of absolute nonsense!

Many banks are asking 20-25% down payment as the affordability checks threshold is very high now. You still believe the demand is higher.

If it is then no doubt the properties are bought by hedge funds not by general public.

I heard that affordability in terms of house prices versus real incomes and mortgage payments at 6% boe interest rates will actually be worse than previous downturns/crashes. And that a return to the very low interest rates that allow for high house prices will be unlikely

I wish this was vaguely right. The crash is truly just around the corner. 20% at least. Of course home owners are desparate to hide from this fact, but really, please get your head out of the sand. And definitely don't put a positive spin on it. People may suffer if they take advice that it will not crash. The crash has been staved off, but very obviously going to happen for the past few years

I agree Stuart and I am reminded of 1989 when the Halifax wrote to say my mortgage rate was being increased to 15%, now that did create a housing market crash. I think there is a long way to go before we are in that scenario again.

To be honest in my area I have not experienced a housing boom like London and the home counties have , there has been a modest increase in my opinion.

The rental sector does seem to be experiencing price rises though in my area and I find it odd it hasn't yet been reflected in selling prices.

One of my neighbours sold their property within days during the spring but I can't say I was too impressed with the sold price when I compared it to the heights of 2007/8

So I tend to agree with you that things will stay flat during this period of uncertainty before they resume an upward trajectory where I hope to bail out at the right time and spend it somewhere hot. 😉

14 year property cycle. The market is heading for a crash in 2023

Stagflation (inflatation will be above 20%)

Sky-high interest rates

Job looses coming (always a lagging indicator during a recession)

Rising cost of living

Defaults already up

Owners forced to sell up

End of Help to Buy

Pound against the Dollar down

BOE money printer switched on again which will increase inflatation

Landlords already selling up

Stock & crypto markets suffering

Low consumer Confidence

High Price to Income ratio

Government debt unable to artificially prop up the market

Over 1000 mortgage products already removed

Are you not worried about your own credibility by producing such one-sided videos? Look at all the comments: more than 80% are saying that you’re talking up the market for your own personal reasons.

Rightmove Zoopla and Estate Agents will never tell you the housing market is going to crash they always say the complete opposite now is always a good time to buy a house so they can earn their commission

This view does not fit with what I suspect many people are seeing in their areas…..

Is this advice you are giving to your clients? Contrarian info to say the least and time will tell if you are right, ill check back in Jan and see how things panned out.

No crash 😂 even a blind man can see houses crashing in 2023, BOE could be 6% interest rates so normal banks lending at 8% and Energy prices going up by 80% and cost consumer goods going up via the falling pound and pensions on the edge of a cliff. 1.8 million fixed rate mortgages end next year 😳 how are investors going to get a BTL on a house where the interest rate is more than the rental income they are getting from the property… it ain’t happening lol banks pulling out of deals already, I wouldn’t be surprised to see a 25-30% drop in prices

This so out of date. You can see its pre recorded. When hundreds of mortgage products have been pulled. Nothing is going up in property! Same as the subscribers on this channel

Already down 10% since May.

“Moving house with Charlie”

is the most honest and non biased property based YouTube channel in the U.K…

How can you have the audacity to uptalk the market when you know very well where it is going..!!!

It's hard to know what's happing with a new event causing negative knock effects daily it seems! 😊 But what's is constant is that housing is in demand in the UK and with our current building levels, I personally think demand will remain strong for a while, but I could be wrong!? 😊 Great vid by the way!

I don’t believe you. It is in your interest to say this. Sorry it’s the truth