Read or listen now. Uncover the shocking truth about UK house prices! Join Dominic Frisby as he measures them in gold, revealing a whole new perspective on the property market. 💰📉 #UKProperty #GoldStandard #RealEstateInsights
Really interesting Dominic as always. There is still however a shortage of decent housing in the UK attributed to a choke on supply by the big house builders and a broken planning system, which deters some smaller developers from trying to become bigger developers and build more houses. Chuck in ever increasing levels of legislation (I’m all for energy efficient fabric, but not so much for Newts and air source heat pumps) and the availability of ‘compliant’ land and we have had and will have a supply shortage and increasing demand with a growing population.
Lenders are now taking a view on risk / rates / values over the next 20 - 30 years and will tailor their mortgage offers accordingly. I just can’t see any dramatic fall in the price of an essential asset that is in demand and short supply.
We also need to think about the 1930’s red brick semi detached that has effectively reached the end of its life span. These will need replacing - if there is a fall it will be here, some funders are already talking about them being effectively un-mortgageable.
Very interesting, I always like to see the value of gold expressed as what it can buy. Property is also becoming a tempting target for governments to tax more. Here in parts of Oz the market still seems very tight in places (much to my bemusement - though I have recently purchased a house - I worry about a crack up boom - hopefully the debt also gets inflated away :) I too think the dam will burst at some stage. That said, mortgages are now 30 years here, margin buffers have been relaxed and the legal immigration spigot is in full flow.
Really interesting Dominic as always. There is still however a shortage of decent housing in the UK attributed to a choke on supply by the big house builders and a broken planning system, which deters some smaller developers from trying to become bigger developers and build more houses. Chuck in ever increasing levels of legislation (I’m all for energy efficient fabric, but not so much for Newts and air source heat pumps) and the availability of ‘compliant’ land and we have had and will have a supply shortage and increasing demand with a growing population.
Lenders are now taking a view on risk / rates / values over the next 20 - 30 years and will tailor their mortgage offers accordingly. I just can’t see any dramatic fall in the price of an essential asset that is in demand and short supply.
We also need to think about the 1930’s red brick semi detached that has effectively reached the end of its life span. These will need replacing - if there is a fall it will be here, some funders are already talking about them being effectively un-mortgageable.
Keep up the good work!
Oh that's interesting about the 1930s houses. I didn't know that.
Very interesting, I always like to see the value of gold expressed as what it can buy. Property is also becoming a tempting target for governments to tax more. Here in parts of Oz the market still seems very tight in places (much to my bemusement - though I have recently purchased a house - I worry about a crack up boom - hopefully the debt also gets inflated away :) I too think the dam will burst at some stage. That said, mortgages are now 30 years here, margin buffers have been relaxed and the legal immigration spigot is in full flow.
Thanks Christian. Yes, the 30-year thing makes a big difference