5FF Feb 23 2024 Rightmove’s “Asking Price” Index Up: https://www.rightmove.co.uk/news/content/uploads/2024/02/Rightmove-HPI-19th-February-Final-.pdf Hunt mulling 99% taxpayer-guaranteed mortgage lending https://www.ft.com/content/ce643bfa-d4a9-4d85-b28c-6cc0fceba62f Lenders Raise Rates https://www.bbc.co.uk/news/business-68374500 Bank of England nothing burger makes big headlines https://www.reuters.com/world/uk/bank-englands-bailey-sees-signs-uk-economy-upturn-2024-02-20/ BestAgent “People’s” open source House Price Index targets overvaluing culprits and beats hackers https://bestagent.property/hpi
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2024 New Rules for UK Home Sellers from National Trading Standards
The National Trading Standards Estate and Letting Agency Team (NTSELAT) are implementing new requirements for material information to be included in property listings. Part A came into place in 2022 and requires information that, regardless of outcome, is always considered material for all properties. Such as council tax banding, tenure, and price/ monthly rent. Parts… Continue reading 2024 New Rules for UK Home Sellers from National Trading Standards
5FF – Fri 27th October 2023
1 UK’s biggest wealth manager blocks clients from withdrawing money from their £1bn property fund. https://www.telegraph.co.uk/money/consumer-affairs/st-james-place-blocks-clients-pulling-money-major-property/ https://archive.ph/Po6I4 2 Almost half of the 1,200 people surveyed incorrectly think Interest Rates correlate more strongly with house prices than anything else https://x.com/moving_charlie/status/1717178983110832254?s=20 https://x.com/moving_charlie/status/1717541641727115671?s=20 3 Lloyds/Halifax predicts house prices will fall until 2025 https://www.thisismoney.co.uk/money/markets/article-12673173/House-prices-fall-2025-says-Lloyds-rates-peaked.html 4 Foxtons reports 23% fall… Continue reading 5FF – Fri 27th October 2023
5 Fact Friday 13 October 2023
RICS September Survey: Demand, sales, instructions and prices all remain in negative territory https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/9._WEB_September_2023_RICS_UK_Residential_Market_Survey_tp.pdf Wages Cooling: KPMG Survey shows slowest rise in starting pay in over two years https://www.bloomberg.com/news/articles/2023-10-10/uk-wage-growth-cools-as-job-cuts-mount-and-firms-cap-costs IMF Says Israel-Hamas War will impact global economy, especially oil prices https://news.sky.com/story/israel-hamas-war-is-new-cloud-darkening-horizon-of-global-economy-imf-warns-12983198 Labour pledges to bulldoze planning barriers and build 1,500,000 in the next parliament if… Continue reading 5 Fact Friday 13 October 2023
5 Fact Friday – 30 May 2025
The five facts hitting the UK housing market hardest in the last 7 days. IFA magazine cites major housing crisis indicators worsening https://ifamagazine.com/10-years-on-britains-housing-crisis-deepens-leasehold-and-stamp-duty-concerns-soar-and-aspiration-to-own-hits-rock-bottom/ Small housebuilders to get big planning boost https://www.bloomberg.com/news/articles/2025-05-27/uk-to-cut-planning-hurdles-for-small-builders-in-housing-push https://thenegotiator.co.uk/news/regulation-law-news/angela-rayner-pledges-to-level-the-playing-field-for-smaller-house-builders/Average home selling for 16k less than asking https://www.theguardian.com/money/2025/may/28/uk-homeowners-selling-less-asking-price-survey-zooplaZoopla House Price Index https://www.zoopla.co.uk/discover/property-news/house-price-index/Prize winning overvaluing by Foxtons https://www.foxtons.co.uk/properties-for-sale/se8/mwhl0340958 Treasury publishes mortgage guarantee scheme stats… Continue reading 5 Fact Friday – 30 May 2025
House Price Drop Cover Up: 5 Fact Friday – 23 May 2025
The five facts hitting the UK housing market hardest in the last 7 days. Bank of England warns no more rate cutshttps://www.independent.co.uk/news/business/interest-rates-rise-inflation-bank-of-england-b2754327.html Rightmove indicates weakening asking priceshttps://www.rightmove.co.uk/news/content/uploads/2025/05/Rightmove-HPI-19th-May-Final-No-Embargo.pdf 27% rise in complaints against agentshttps://thenegotiator.co.uk/news/regulation-law-news/significant-rise-in-complaints-about-estate-agents-revealed/ Inflation rises due to energy cost increaseshttps://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/april2025 Government borrowing overshoots againhttps://x.com/moving_charlie/status/1925449993231413308?s=46 Net migration drops 50%https://x.com/ons/status/1925469548678975580?s=46Stock surge causes increase in price reductionshttps://www.propertyinvestortoday.co.uk/breaking-news/2025/05/price-reductions-increase-as-housing-market-suffers-supply-surge/
Government Stimulus Caused Housing Affordability Crisis.
Estimating the portion of the rise in nominal UK house prices from 2008 to 2023 attributable to artificial government stimulus—such as Help to Buy, quantitative easing (QE), and ultra-low interest rates (below inflation)—is complex due to the interplay of multiple factors, including supply constraints, population growth, and market dynamics. While no single study isolates the… Continue reading Government Stimulus Caused Housing Affordability Crisis.
514 Housing cost related suicides per year in the UK
Preventable suicides caused by housing costs ### Key Points – Research suggests housing costs may contribute to preventable suicides, but exact numbers are uncertain. – It seems likely that financial strain from housing costs plays a role in some suicides, though direct evidence is limited. – The evidence leans toward hundreds of suicides annually in… Continue reading 514 Housing cost related suicides per year in the UK
Avoiding the Section 21 Flashpoint between Tenants and Landlords
Before signing an Assured Shorthold Tenancy (AST) agreement in the UK, tenants should understand these three critical aspects: Tenancy Terms and Obligations: Carefully review the AST to understand the duration (fixed term, usually 6 or 12 months), rent amount, payment schedule, and any additional fees (e.g., for late payments). Check your responsibilities, such as maintaining… Continue reading Avoiding the Section 21 Flashpoint between Tenants and Landlords
All signs point to a weakening UK housing market.
5 Fact Friday – 7th March 2025 5FF March 7th Landlord selloff jumps 50% in January compared with 2024. https://www.thisismoney.co.uk/money/buytolet/article-14447891/More-landlords-properties-sale-thanks-tougher-regulations-taxes.html Under offer median price drops £15k Number of new homes given go ahead last year was lowest since 2014 (Labour will miss target) https://archive.ph/g7MyH Bank of England mortgage approvals 24% lower than reported. https://www.bankofengland.co.uk/statistics/tables#:~:text=A5.4%20%2D-,Approvals,-for%20lending%20secured Halifax… Continue reading All signs point to a weakening UK housing market.
Foxtons fails 77% of its sellers, says AI research.
– Research suggests Foxtons and Dexters, major UK estate agents, have success rates of about 22-25%, selling only 22-25 homes for every 100 listed, far below the industry average of 50-60%. – It seems likely that their practice of overvaluing properties by 20-30% to secure exclusive contracts leads to many homes not selling, potentially costing… Continue reading Foxtons fails 77% of its sellers, says AI research.
Our government is intent on dividing us, not fixing anything.
Can everyone stop saying that supporting this or that party is “dangerous”? The housing crisis is, in my view, the deepest and widest crisis faced by the country. There is no prospect of economic growth until housing is fixed, even if energy costs came down, but there’s no chance of that either. Whatever the root… Continue reading Our government is intent on dividing us, not fixing anything.
5FF 4 October 2024
The five facts hitting the UK housing market hardest in the last 7 days – 4 October 2024 Charlie LamdinOctober 04, 2024 • Estimated Reading Time: 11 minutes 5 Fact Friday The latest insider intel on UK housing market from Charlie Lamdin Happy Friday ! Thank you for subscribing to my newsletter. Thanks to the thousands of… Continue reading 5FF 4 October 2024
5 Fact Friday 20 Sep 2024
It’s getting bleak. After today, 5 Fact Friday will be by newsletter only! Be sure to sign up. Fact 1: ONS is always OTT Fact 1: Research by my followers, in particular Otta Property, shows that ONS House Price Index initial publication gets revised, but its own figures show that it’s ALWAYS revised DOWN, and… Continue reading 5 Fact Friday 20 Sep 2024