The five facts hitting housing hardest in the last seven days.
- Sellers still not learning that in this market buyers set the price and it’s not going up. https://www.telegraph.co.uk/gift/33e5171e7995ce17
- Rise in rent repayment order enquiries sparked by Reeves rule breaking. https://www.landlordzone.co.uk/news/chancellors-licence-debacle-sparks-rise-in-rent-repayment-queries
- Gap between median asking and selling prices closes by £9,500 suggesting sellers are starting to wake up to market realities
4. Bank of England doesn’t cut rates, by narrow 5-4 vote. Media clutches at hope that this means they’ll defo cut next time even though Bailey says inflation is sticky and they won’t cut until it’s heading back down to 2%.
5. UK Construction activity declines at fastest pace for over five years reports S&P Global https://www.pmi.spglobal.com/Public/Home/PressRelease/2efd8f9aa44a4bc98efadb8db66d9350
6. OPINION – Reeves’ weird speech leaves everyone in fear of a brutal budget for everyone. If she raises taxes in breach of manifesto, she should resign. https://x.com/moving_charlie/status/1986208615724724540
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