EPISODE · Jan 23, 2023 · 24 MIN
16 Verifiable Reasons UK House Prices ARE Crashing in 2023 - Prove The Doubters Wrong
from Moving Home with Charlie · host Charlie Lamdin
Please copy and paste everything below and send to ANYONE who hasn't done their research on UK housing and how the economy will affect it. HOUSE PRICESUK House Prices Officially Falling in November 2022 (before mini budget effect fed through) WE STILL HAVEN’T YET SEEN the effect of Sep 2022 mini budget on House Prices https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/november2022 U.K. RICS House Price Balance survey at lowest since 2010https://uk.investing.com/economic-calendar/rics-house-price-balance-264 Halifax Dec 2022 - Rate of annual growth slowed in all nations and regions during Decemberhttps://www.halifax.co.uk/assets/pdf/december-2022-house-price-index.pdf Nationwide - House Prices fall for 4 consecutive monthshttps://www.nationwidehousepriceindex.co.uk/reports/annual-house-price-growth-continued-to-slow-sharply-as-2022-drew-to-a-close MORTGAGESLenders reported that demand for secured lending for house purchase decreased in Q4, and was expected to decrease further in Q1.https://www.bankofengland.co.uk/credit-conditions-survey/2022/2022-q4 Toughest time to get a mortgage in 15 years as banks brace for defaultshttps://www.telegraph.co.uk/business/2023/01/19/toughest-time-get-mortgage-15-years-banks-brace-defaults/ NEW HOMES:Barratt: Private reservations down from 0.79 (HY22) to 0.3 in December 22 - Down 78.6%https://www.barrattdevelopments.co.uk/~/media/Files/B/Barratt-Developments/press-release/2023/barratt-developments-1h-fy23-trading-update-final.pdf Persimmon: Private reservations of 0.83 for the year 2021, fell to 0.19 in Dec 2022 DOWN 77%https://www.persimmonhomes.com/corporate/media/news/2023/trading-statement-110123/ Taylor Wimpey: 0.91 for full year 2021 fell to 0.68 for full 2022 - cancellation rate up 64% by Dec 2022.https://www.taylorwimpey.co.uk/-/twdxmedia/files/head-office/corporate/reports-and-presentations/2023/tw---trading-statement-january-2023-final.pdf ECONOMYUK consumer mood slides back to near 50-year low - GfKhttps://www.reuters.com/world/uk/uk-consumer-mood-slides-back-near-50-year-low-gfk-2023-01-20/ UK Retailer’s Worst Year Ever Caps Grim Outlook for Economyhttps://www.bloomberg.com/news/articles/2023-01-20/uk-retail-sales-fall-unexpectedly-finishing-worst-year-on-record Inflation - Target 2% - Currently 10.5% (yes ‘down’ from 10.7% ooooh!) - Even if halved, still highest since 1992https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23 UK Wage growth v Inflation (worst in over 20 years)https://www.statista.com/statistics/1272447/uk-wage-growth-vs-inflation/ EMPLOYMENT - Redundancies RISING, Job Vacancies FALLINGhttps://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/latest Tech Sector Jobs Wipeout - over 100,000 jobshttps://www.bloomberg.com/news/articles/2023-01-20/google-cuts-add-to-tech-wipeout-that-s-claimed-over-100-000-jobs Google lays off 6% of world workforcehttps://www.reuters.com/business/google-parent-lay-off-12000-workers-memo-2023-01-20/Microsoft to cut 10,000 jobs as spending slowshttps://www.bbc.co.uk/news/technology-64317078 https://mhwc.co.uk/mortgageAll my other links:https://linktr.ee/movinghomewithcharlieSupport the showFollow me on X for daily updates: https://x.com/moving_charlie 🎥 Charlie's Golden rules videos forBuyers: https://www.youtube.com/watch?v=h6T-uZ28a80 Sellers: https://www.youtube.com/watch?v=W9oR28aWLOs Offering: https://www.youtube.com/watch?v=iZaDs7uZ5Hw 🎥 Playlist of FTB advice - https://www.youtube.com/playlist?list=PLKomt2RI3JYnJ3imNEWjKGkszf_bzqDfe📧 E-mail template for cash offers - https://mhwc.co.uk/email-templates/suggested-email-offer-template-for-cash-buyers/ 📧 E-mail template for FTB mortgaged offers - https://mhwc.co.uk/suggested-email-template-for-first-time-buyers-making-an-offer-with-a-mortgage/ 💰Speak to Charlie’s recommended mortgage brokers - https://mhwc.co.uk/mortgage/🧑⚖️ Get a quote from Charlie’s recommended conveyancers - https://mhwc.co.uk/conveyancing/ ...
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Please copy and paste everything below and send to ANYONE who hasn't done their research on UK housing and how the economy will affect it. HOUSE PRICES UK House Prices Officially Falling in November 2022 (before mini budget effect fed through) WE STILL HAVEN’T YET SEEN the effect of Sep 2022 mini budget on House Prices https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/november2022 U.K. RICS House Price Balance survey at lowest since 2010 https://uk.invest...
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16 Verifiable Reasons UK House Prices ARE Crashing in 2023 - Prove The Doubters Wrong
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