UK Housing Market Faces Correction Risk on Prices, Rates

The video discusses the UK housing market's current challenges, including high house prices, inflation, and mortgage rates. It explores the Bank of England's response with rate hikes and the potential for a market slowdown. The discussion includes the role of government policies and the impact of future leadership on housing issues, highlighting the need for new homes and the constraints on building due to policy decisions.

What factors are contributing to the potential slowdown in the UK housing market?

• Government tax cuts

• Decreasing mortgage rates

• High house prices and inflation

• Increased disposable incomes

What percentage of UK homeowners have a fixed-rate mortgage?

• 25%

• 75% to 80%

• 50%

• 90%

What is a significant factor that might protect the UK housing market from a crash?

• High unemployment rates

• A large number of households with paid-off mortgages

• Decreasing house prices in all London boroughs

• Increased interest rates

What is one of the challenges first-time buyers face in the UK housing market?

• Lack of competition for rentals

• Abundance of affordable homes

• Decreasing cost of living

• Shortage of properties and high prices

What stance has Rishi Sunak taken regarding building on the Greenbelt?

• He plans to increase Greenbelt areas

• He has no opinion on the matter

• He opposes building on the Greenbelt

• He supports building on the Greenbelt