London Housing Price Cuts Rise; Higher Rates Force More to Sell

The video discusses the impact of rising mortgage costs on the housing market, highlighting that a significant number of mortgage holders are considering selling due to unaffordability. It examines the specific challenges faced by London's housing market, where high deposits deter first-time buyers, leading to a buyer's market with significant discounts. The video concludes with an analysis of current market trends, noting that interest rates may have peaked, potentially easing mortgage rates.

What percentage of mortgage holders are considering selling their homes due to high costs?

• 10%

• 25%

• 50%

• 75%

Which city is considered the growth engine for the UK's economy?

• Manchester

• Birmingham

• London

• Liverpool

What is the term used to describe people who are renting into their 30s and 40s?

• Generation Rent

• Generation Buy

• Generation Save

• Generation Invest

In which regions are the biggest housing discounts currently being offered?

• Northeast

• London and the southeast

• Southwest

• Northwest

What recent decision by the Bank of England is seen as positive news for mortgage rates?

• Eliminating interest rates

• Increasing interest rates

• Holding interest rates steady

• Decreasing interest rates