In the City How to Buy a House in the UK Right Now
May 29, 2025
In this conversation, Yolande Barnes, a Professor of Real Estate at University College London, offers a deep dive into the current state of the UK housing market. She discusses the stagnation of house prices and its impact on first-time buyers. Despite fears, she sees no imminent crash, advocating for a mindset shift towards long-term ownership. Barnes also critiques government strategies, suggesting a focus on retrofitting homes instead of relying on speculative building. With regional trends in flux, her insights are essential for anyone navigating today's market.
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Flat Prices Signal Bubble's End
- UK house prices have been flat recently as the bubble has ended without crashing.
- The previous rise was largely due to lower interest rates, which have now stabilized.
Demographic Trends May Cause Surplus
- UK housing surplus is expected soon due to demographic shifts like aging and slower household formation.
- Secondhand homes dominate supply, so surplus affects prices more than new builds.
Buy Your Forever Home
- Buy a home you plan to stay in long-term to avoid costly moves and focus on neighborhood benefits.
- Consider all costs including mortgage, energy, and maintenance before purchasing.