Rightmove’s Shipside Sees Bottoming Out of London Housing Market

The video discusses the stabilization signs in the London property market, noting that while sales volumes are low, there is no significant year-on-year deterioration. Seller behavior shows a decrease in market entries, especially in central London, preventing oversupply. Post-Brexit, buyer confidence is influenced by the extended deadline, creating a window of opportunity. The UK economy's fundamentals, such as employment and interest rates, remain sound, with affordability improving as wages rise faster than house prices.

What is one of the signs of stabilization in the London housing market?

• Decrease in time taken to sell properties

• High sales volumes

• No year on year deterioration in selling time

• Increase in property prices

How has the number of sellers in central London zones changed compared to a year ago?

• Increased by 18%

• Remained the same

• Decreased by 29%

• Increased by 29%

What effect did the Brexit deadline extension have on the housing market?

• It caused a significant drop in property prices

• It decreased buyer confidence

• It created a window of opportunity for buyers

• It led to an oversupply of properties

What is one of the market fundamentals that remains sound in the UK housing market?

• High interest rates

• Low employment rates

• Availability of mortgages

• Decreasing wages

How is affordability in the UK housing market changing?

• Affordability is improving as wages rise faster than house prices

• Affordability is decreasing due to rising house prices

• Affordability is worsening due to high interest rates

• Affordability remains unchanged