Weekly housing market update 2nd August 2024

5 Fact Friday – 2 Aug 2024

Rental market cooling quickly with supply up 14% and demand down 16%.

https://hub.rightmove.co.uk/rental-price-tracker

https://hub.rightmove.co.uk/content/uploads/2024/07/Rental-Trends-Tracker-Q2-2024-FINAL.pdf

Labour doubles down on housebuilding claims.

https://www.theguardian.com/society/article/2024/jul/27/angela-rayner-plans-tackle-tory-housing-legacy-scandal

Zoopla boss says BTL no longer makes financial sense

https://www.telegraph.co.uk/business/2024/07/27/private-landlord-britain-no-financial-sense-boss-zoopla

June Mortgage approvals fall 3.5%

https://www.bankofengland.co.uk/statistics/money-and-credit/2024/june-2024

Zoopla July HPI shows different property types have different price movements

https://www.zoopla.co.uk/discover/property-news/house-price-index

Labour to implement a 0.5% house value tax?

https://www.birminghammail.co.uk/news/cost-of-living/new-council-tax-band-system-29659478

60% of rental homes being sold go to homeowners