The five facts hitting the housing market hardest in the last seven days.
Halloween Housing Horror – Zombies and Chancellors
- Most property ever for sale in Mayfair some at 50% discount https://www.linkedin.com/posts/peter-wetherell-baa66617_ohhps-typo-on-copy-now-amended-but-still-activity-7382033283582291968-bkf3
- UK New Home Sales plunge to lowest since last financial crisis https://www.thetimes.com/business-money/economics/article/new-build-home-sales-slump-property-market-p32rnvrv6
- Zoopla HPI shows activity slowing significantly as Buyer demand and sales agreed drop for first time in 2 years https://www.zoopla.co.uk/discover/property-news/house-price-index
- Almost all detached housing markets see price falls
5. Bank of England Mortgage Approvals for September show healthy increase from 64,000 in August to 68,000 in September, showing that demand at the first time buyer level is stable, even if demand at higher levels of the market is much weaker https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=2020&TD=30&TM=Oct&TY=2025&FNY=&CSVF=TT&html.x=120&html.y=37&C=10Z&Filter=N
6. BONUS FACT: Rachel Reeves breaks landlord rules renting out her unlicensed home, blaming the agent. Angela Rayner was sacked for less. Will she hold her post?
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