Sellers Are FINALLY Waking Up! (UK House Price Crash)

UK House Prices have FALLEN at their FASTEST rate in 5 YEARS in a move that has SHOCKED many housing market commentators. The UK House Price Crash started over a year ago when interest rates soared and mortgage repayments skyrocketed, however, until now many sellers have been unwilling to accept this new reality and continued to market their properties at completely unrealistic prices.

The latest data from Rightmove suggests that sellers are now finally starting to wake up to the fact that a UK housing market crash is underway. In some areas, property prices are in freefall and serious sellers are being forced to price their properties competitively if they want to have a chance of selling their house.

Other house price indexes such as Halifax and Nationwide (that use agreed sales data instead of asking prices) show that agreed house prices have fallen by over 5% already, however, this hasn't been reflected in new listing asking prices as initial house prices have remained stubbornly high.

The last 2 months of asking price data from Rightmove suggests that sellers are now starting to be a bit more realistic, this is a good thing for a housing market that has been slowly grinding to a halt.

How much will house prices fall in 2024? Let us know your house price predictions in the comments below!

Видео Sellers Are FINALLY Waking Up! (UK House Price Crash) канала Honest Money