U.K. Housing Hits Hard Times as Buyers Balk at Risk

The video discusses the uncertainty in the housing market due to potential tax changes, Brexit, and general elections. It highlights the impact on the London property market, noting a decline in international buyers, particularly Russians. Foxtons is mentioned as a market indicator, with surveys predicting price drops. The video also covers the challenges of obtaining mortgages under new underwriting standards and the influence of potential taxes on high-value properties.

What is one of the main reasons for the current drop in house purchases in the UK?

• Increased interest rates

• Political and economic uncertainty

• Lack of available properties

• High inflation rates

How did international buyers previously affect the London property market?

• They led to stricter regulations.

• They caused a decrease in property prices.

• They had no significant impact.

• They contributed to a buoyant market.

What has been the trend among Russian buyers in the London property market recently?

• A shift to other European markets

• No change in purchasing behavior

• A decrease in purchases

• An increase in purchases

What role does Foxtons play in the London housing market?

• A new entrant in the market

• A government-regulated entity

• A bellwether indicating market trends

• A minor player with little influence

What is a significant challenge for buyers trying to secure a mortgage in London?

• Lack of available lenders

• High underwriting standards

• Low property prices

• Excessive government subsidies