British Home Group

Founder of British Home Group. Explaining what's really happening to UK property through data, economics, housing policy & market analysis.

[British Home Group @BritHomeGroup]

Higher rates. Lower affordability. More supply. Weak transactions.

So why haven't house prices crashed?

Because homeowners don't continuously have to accept the market price.

Housing can adjust through fewer transactions rather than dramatically lower prices.

#UKProperty

[British Home Group @BritHomeGroup]

Rightmove says asking prices fell 2% in August, while the number of homes for sale is at its highest for this point of the year since 2014.

Buyers have less purchasing power—but more choice.

That shifts negotiating power towards them.

#UKProperty

[British Home Group @BritHomeGroup]

Britain increasingly has two housing markets.

Parts of the North are still growing.

London and the South are falling.

Affordability looks key—but buyer activity has just shown signs of picking up.

Is the market starting to turn?

#UKProperty

[British Home Group @BritHomeGroup]

Only ~11% of homes achieve asking price, while many are reduced before selling.

My analysis suggests ~82% aren't initially marketed at a price the market ultimately validates.

Asking price ≠ market value.

#UKProperty

[British Home Group @BritHomeGroup]

UK property is sending contradictory signals.

📉 Sales weaker
💷 Affordability down
BUT...

🔎 Buyer interest up
🏦 90%+ LTV lending at its highest share since 2008

What's happening?

https://t.co/1epEMMS95A

[British Home Group @BritHomeGroup]

Why do good houses sometimes sit unsold for months?

Selling is about buyer confidence.

Price. Presentation. Marketing. Realistic expectations.

Get those right and selling becomes much easier.

Get them wrong and even a fantastic home can struggle.

#UKProperty

[British Home Group @BritHomeGroup]

Buying a house?

Don't just sell your offer. Sell yourself as the buyer.

Mortgage agreed in principle. Solicitor ready. Chain position clear.

A seller isn't just choosing a price—they're choosing who they trust to complete.

#UKProperty

[British Home Group @BritHomeGroup]

Mortgage rates ↑
Homes for sale ↑
Price reductions ↑
Sales ↓
Mortgage approvals ↓
Yet UK house prices barely fall.
Why?
My latest video explains:

https://t.co/EsUjKn4OaU

[British Home Group @BritHomeGroup]

Supply is up. Demand is down. Borrowing is more expensive.

So why haven't house prices fallen further?

Sellers remain anchored to pandemic prices — while buyers have far less purchasing power.

Asking price ≠ market value.

#UKProperty

[British Home Group @BritHomeGroup]

What if the house-price crash already happened?

Since the COVID boom, inflation has significantly eroded real house prices.

No dramatic nominal collapse.

Just a large fall hidden by inflation.

A silent housing crash.

#UKProperty #HousePrices

[British Home Group @BritHomeGroup]

Bank Rate hasn't risen.

So why are mortgage rates going up?

Energy-price fears → inflation expectations → higher swap rates → lenders reprice fixed mortgages.

Markets don't wait for the Bank of England.

#MortgageRates #UKProperty

[British Home Group @BritHomeGroup]

UK home sales are falling — and it isn't just London.

Every UK region recorded fewer sales agreed year-on-year.

Yet Edinburgh and Norwich actually grew.

Nationally, there's a slowdown. Locally, it's far more complicated.

#UKProperty

[British Home Group @BritHomeGroup]

UK property makes little sense right now.

📈 Prices up
📉 Sales down
🏘️ Supply up
💷 Purchasing power down
🔎 Searches up
So what's actually happening?
My latest analysis:

https://t.co/yusjii9tts

[British Home Group @BritHomeGroup]

Right to Buy transformed Britain.

Millions gained the opportunity to own their homes.

But one analysis estimates the discounts were worth ~£194bn in today's property values.

The bigger question: why weren't enough homes built to replace them?

#UKHousing

[British Home Group @BritHomeGroup]

Britain sold huge numbers of council homes through Right to Buy.

But councils couldn't simply reinvest all the proceeds into replacements.

So homes were sold while council housebuilding collapsed.

Was THAT the bigger mistake?

#UKHousing

[British Home Group @BritHomeGroup]

Could you afford to buy your own home today?

Not your original purchase price.

Today's price. Your current income.

For many homeowners, I suspect the answer is no.

That's Britain's affordability problem in one question.

#UKProperty

[British Home Group @BritHomeGroup]

Homeownership among 25-year-olds has fallen from ~43% in the 1980s to ~15% today.

We haven't built enough homes. But we've also massively expanded mortgage credit.

My new video explains why both matter:

https://t.co/JBZ0Q4mCLw

[British Home Group @BritHomeGroup]

UK house prices look flat.

But underneath:

📉 23% of English local authorities saw prices fall.

📈 38% rose 3%+.

Some areas are struggling. Others are growing.

There isn't one UK housing market.

#UKProperty

[British Home Group @BritHomeGroup]

Don't confuse asking price with market value.

Zoopla reported 44% of homes listed over 3 years failed to sell.

So when Rightmove says £500k, it doesn't mean the house is worth £500k.

It means someone is asking £500k.

#UKProperty

[British Home Group @BritHomeGroup]

The UK housing market isn't booming.

It isn't crashing either.

Sales: flat.
Buyer demand: flat.
Viewings: broadly flat.
House prices: stagnant.
We're in a housing market deadlock.
#UKProperty #HousingMarket