UK House Prices Surge but it Could Be Hurt By Job Losses

Brett Alegre-Wood
October 14, 2020

House prices surge to record high 

Most businesses have adapted to the new norm. As long as the government keeps things moving I think we'll be okay.

More...

House prices surge to record high in August but Halifax warns job losses could hurt property market. Obviously, a lot of people are assuming that because you are going to make redundancies they are keeping people on until just before and if you have 100 over redundancies that would be a 30 days warning to the government effectively.

The 3+1 Plan Brett AlegreWood
The 3+1 Plan Brett AlegreWood
Get the perfect plan for todays market. Download The 3+1 Plan now!
Get the perfect plan for todays market. Download The 3+1 Plan now!

I think that is one of the challenges but I actually think most businesses have adapted to a new norm and as long as things stay okay and the government keeps the things moving then I think we’ll be okay.

Search Our Articles

It may sound very optimistic, I know there’s a lot of people saying no things will drop off the place of the earth and all that sort of stuff. The reality is banks were cashed up before this.

Their reserved requirements are cashed up, effectively too much cash, well not too much cash. But certainly in the last recession they can survive that. The other side of it is there’s a lot of the stimulus happening, there’s a lot of things that are out there liquidity in the marketplace that allows this to happen.

Video Transcription

House prices surge to record high in August but Halifax warns job losses could hurt property market. Obviously, a lot of people are assuming that because you are going to make redundancies they are keeping people on until just before and if you have 100 over redundancies that would be a 30 days warning to the government effectively. I think that is one of the challenges but I actually think most businesses have adapted to a new norm and as long as things stay okay and the government keeps the things moving then I think we’ll be okay. It may sound very optimistic, I know there’s a lot of people saying no things will drop off the place of the earth and all that sort of stuff. The reality is banks were cashed up before this. Their reserved requirements are cashed up, effectively too much cash, well not too much cash. But certainly in the last recession they can survive that. The other side of it is there’s a lot of the stimulus happening, there’s a lot of things that are out there liquidity in the marketplace that allows this to happen.


Tags

Property Videos


You may also like

UK Unemployment Up But This Is Why You Don’t Need To Worry

UK Property: Will Biden’s win have an effect?

Beginner Investor Live Property Webinar Series

How to Make Property Investment Effortlessly Done For You!

Join our resident experts - Dan, Ritesh & Ryan 

Dan Ritesh Ryan
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-color-3)","hsl":{"h":225,"s":0.82,"l":0.01}}},"gradients":[]}}]}__CONFIG_colors_palette__
Reserve your Seat Now!
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"c162b":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"c162b":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]},"original":{"colors":{"c162b":{"val":"rgb(19, 114, 211)","hsl":{"h":210,"s":0.83,"l":0.45,"a":1}}},"gradients":[]}}]}__CONFIG_colors_palette__
Previous Article
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"c162b":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"c162b":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]},"original":{"colors":{"c162b":{"val":"rgb(19, 114, 211)","hsl":{"h":210,"s":0.83,"l":0.45,"a":1}}},"gradients":[]}}]}__CONFIG_colors_palette__
Next Article

Property Investment... Effortlessly Done For You!

>