Why average UK House Prices will fall 35% – Charlie Lamdin – Monday 6th Feb 2022
UK House Prices have already started falling as steeply as in the last two house price crashes, and will fall 35% peak to trough, however long it takes, says Charlie Lamdin.
“If you adjust for the reporting time lag, we’re already 10-12% off the highs of summer 2022, with further price falls accelerating. That’s in just 6 months and the effects of the mini-budget and the recession haven’t hit yet. We’re only seeing the effects of interest rate rises thus far.” says Charlie.
Charlie has a totally unique perspective on the housing market, unlike any estate agent, mortgage broker or analyst (which is why he accurately predicted the current downturn in house prices last May, when all the experts were saying there was no chance of prices falling).
- He was the architect of 3 estate agency CRM software systems going back to 2000, giving him over 2 decades of access to the inner workings of thousands of estate agents’ businesses, and visibility of the dynamics of what happens at the listing, viewing and offering stages of the home moving process.
- As well as his unique access to that behind-the-scenes data, he also has access to up to date asking prices on bestagent.co.uk, with a bigger dataset than Rightmove or Zoopla, on both sales and lettings prices, for England and Wales.
- Charlie’s live mover audience (c. 40,000 home mover followers, growing at around 1,000 per week) to whom he live-streams his housing market updates and moving advice several times every week, are calling him the ‘Martin Lewis of the housing market’ and ‘the only honest voice in the housing market without an agenda’. He’s also been called “the best UK housing channel on YouTube”.
His key difference is his stated goal, “a home for everyone” and that he explicitly states he is not here to help or advise investors. He politely declines to respond to all investor questions.
His current priority is to prevent first time buyers falling into the negative equity trap, which is why he wants to spread his views as far as possible. “Buy now”, he says “Just don’t overpay.”
Charlie has ruffled the feathers of most established housing commentators by being the only one to accurately predict what’s happening, which he can do without fear or favour as he has no corporate or investor overlord masters, forcing a narrative on him, and no vested interest in housing market prices.
Charlie Lamdin is presenter of the Moving Home with Charlie YouTube and TikTok channels and founder of property website bestagent.co.uk. He’s been published in the Sunday Times and recently appeared as a guest on BBC Radio 4’s ‘You and Yours’ consumer affairs program. He tweets his views daily on his Twitter feed.
He’s currently getting around 250,000 weekly views across his platforms.
All his links: https://linktr.ee/movinghomewithcharlie