Is This the Worst Time Ever to Buy a House in the UK?
Damien Talks Money
454,587 views
Are UK house prices actually becoming more accessible? We look at the data on earnings and mortgages to find the truth.
Find out much money you could save with USwitch by using this link
https://www.uswitch.com/?utm_source=d...
Data sheet https://docs.google.com/spreadsheets/...
Brokers I use:
📈Trading 212
Get free fractional shares worth up to £100 with Trading 212 through this link:
https://www.trading212.com/join/DAMIEN. Terms apply.
This is an affiliate link, I may earn a commission.
If you do not get your free share after depositing £1, use promo code DAMIEN. You will find it in the section with the three lines in the bottom right corner of the app.
Capital at risk when investing.
📊Lightyear
https://bit.ly/4tnvUYj
Use code DAMIEN to claim £10-100 in a fractional share or ETF. See full T&Cs through my affiliate link. Capital at risk when investing. ISA rules and promotional terms apply.
💰Freetrade
https://bit.ly/47yiQHi
Get a free share worth £10-£100 when joining Freetrade via my affiliate link.
Terms apply. Capital at risk when investing.
When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Other fees may apply. See terms and fees.
This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.
Are UK house prices actually becoming more accessible? We look at the data on earnings and mortgages to find the truth.
To understand the current state of the property market, I have broken down the relationship between average home values and median salary over time. By looking at the price-to-earnings ratio, we can see how the landscape has shifted for buyers.
Beyond just the raw costs, we examine the mortgage affordability metrics, specifically the share of gross pay required to cover housing costs. The data reveals that when you strip away inflation, UK house prices have actually decreased in monetary terms, presenting a different view of these financial trends than you might expect.
Subscribe for weekly financial breakdowns, and let me know in the comments if you think these trends will continue.
Are UK house prices actually becoming more accessible? We look at the data on earnings and mortgages to find the truth.
To understand the current state of the property market, I have broken down the relationship between average home values and median salary over time. By looking at the price-to-earnings ratio, we can see how the landscape has shifted for buyers.
Beyond just the raw costs, we examine the mortgage affordability metrics, specifically the share of gross pay required to cover housing costs. The data reveals that when you strip away inflation, UK house prices have actually decreased in monetary terms, presenting a different view of these financial trends than you might expect.
Subscribe for weekly financial breakdowns, and let me know in the comments if you think these trends will continue.
00:00 - Affordability
01:27 - A tale of two prices
02:04 - Price-to-earnings ratio
06:32 - Sponsor
07:39 - Interest rates
09:17 - The best and worst times
13:12 - Every year ranked
14:14 - Painful trend
20 Comments
More people need to see content like this. I always try to clearly explain what is going on so that there is true understanding and this is exactly what this video does.
More like this please, it is a truly great video.
It makes me think that, if you’re in the right financial position, there could be some amazing opportunities to buy at the moment, depending on the location.
It's a shame because I believe getting on the property market is the best thing to do for your finances. It gives you so many more options for where your money goes each month.
Is This the Worst Time Ever to Buy a House in the UK?
Damien Talks Money
454,587 views
Are UK house prices actually becoming more accessible? We look at the data on earnings and mortgages to find the truth.
Find out much money you could save with USwitch by using this link
https://www.uswitch.com/?utm_source=d...
Data sheet https://docs.google.com/spreadsheets/...
Brokers I use:
📈Trading 212
Get free fractional shares worth up to £100 with Trading 212 through this link:
https://www.trading212.com/join/DAMIEN. Terms apply.
This is an affiliate link, I may earn a commission.
If you do not get your free share after depositing £1, use promo code DAMIEN. You will find it in the section with the three lines in the bottom right corner of the app.
Capital at risk when investing.
📊Lightyear
https://bit.ly/4tnvUYj
Use code DAMIEN to claim £10-100 in a fractional share or ETF. See full T&Cs through my affiliate link. Capital at risk when investing. ISA rules and promotional terms apply.
💰Freetrade
https://bit.ly/47yiQHi
Get a free share worth £10-£100 when joining Freetrade via my affiliate link.
Terms apply. Capital at risk when investing.
When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Other fees may apply. See terms and fees.
This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results.
Are UK house prices actually becoming more accessible? We look at the data on earnings and mortgages to find the truth.
To understand the current state of the property market, I have broken down the relationship between average home values and median salary over time. By looking at the price-to-earnings ratio, we can see how the landscape has shifted for buyers.
Beyond just the raw costs, we examine the mortgage affordability metrics, specifically the share of gross pay required to cover housing costs. The data reveals that when you strip away inflation, UK house prices have actually decreased in monetary terms, presenting a different view of these financial trends than you might expect.
Subscribe for weekly financial breakdowns, and let me know in the comments if you think these trends will continue.
Are UK house prices actually becoming more accessible? We look at the data on earnings and mortgages to find the truth.
To understand the current state of the property market, I have broken down the relationship between average home values and median salary over time. By looking at the price-to-earnings ratio, we can see how the landscape has shifted for buyers.
Beyond just the raw costs, we examine the mortgage affordability metrics, specifically the share of gross pay required to cover housing costs. The data reveals that when you strip away inflation, UK house prices have actually decreased in monetary terms, presenting a different view of these financial trends than you might expect.
Subscribe for weekly financial breakdowns, and let me know in the comments if you think these trends will continue.
00:00 - Affordability
01:27 - A tale of two prices
02:04 - Price-to-earnings ratio
06:32 - Sponsor
07:39 - Interest rates
09:17 - The best and worst times
13:12 - Every year ranked
14:14 - Painful trend
https://www.uswitch.com/?utm_source=damientalksmoney&utm_medium=creator&utm_campaign=dtm-youtube-oct26&utm_content=script-read