Rates not cut again. 5 Fact Friday 20 June 2024

Election fever hots up, but there’s little new information on housing manifestos.

5 Fact Friday – 20 June 2024

Rightmove Asking Price Index “Flat” (but actually they’re not) https://www.rightmove .co.uk/news/content/uploads/2024/06/Rightmove-HPI-17th-June-Final.pdf

ONS House Price and Rental Index for April 2024

Average UK house prices grew 1.1% in the year to April 2024, up from a revised growth of 0.9% in the year to March 2024.

Read Private rent and house prices ➡️ https://t.co/mZSwvA75iP pic.twitter.com/aZ2VUx97FP
— Office for National Statistics (ONS) (@ONS) June 19, 2024

Rent inflation eases as stock soars:

https://www.ons.gov.uk/economy/inflationandpriceindices /bulletins/privaterentandhousepricesuk/june2024

https://www.propertyreporter.co.uk/property-listings-surge-by-36-in-londons-lettings-market-foxtons.html

Construction Bond Provider exits market

Construction bond bombshell as major player quits market

https://www.constructionenquirer.com/2024/06/19/construction-bond-bombshell-as-major-player-quits-market/

Construction bond bombshell as major player quits market

Bank of England holds base rate at 5.25%

The Monetary Policy Committee voted by a majority of 7-2 to maintain #BankRate at 5.25%.
Find out more: https://t.co/1nN6lt3Feu pic.twitter.com/QfcBpmvXyT
— Bank of England (@bankofengland) June 20, 2024

Q1 2024 Mortgage Lending Slumps – down -13% on Q1 2023

Mortgage lending slumps to lowest levels since interest rate riseshttps://t.co/yEYI7YYInd
— Property Reporter (@propertyr) June 20, 2024

Reform UK proposes no stamp duty below £750,00

Reform UK will scrap stamp duty altogether for properties under £750,000.
— Nigel Farage (@Nigel_Farage) June 19, 2024