Prices up, Mortgages down? Five Fact Friday – 21 July 2023



1. Today: Times “Experts” House Price Forecasts range from 6.5% to -25% (Resolution Foundation) and -35% (some random bloke called Charlie)
https://www.thetimes.co.uk/article/0d18cbee-264b-11ee-8c1b-d5d52b458fbd?shareToken=a8ae763a1e13e7400b9eaa233198e37a

2. Rightmove Reports Record Rising Rents (in Q2) but is this out of date?

https://www.newsshopper.co.uk/news/national/uk-today/23670356.uk-property-average-rental-prices-reach-new-record-high/

3. But BestAgent reports All Homes Index reports average national asking rents in England and Wales begin falling

https://bestagent.news/

4. Land Registry reports monthly house price rise in May 2023 of £76 (but seasonally adjusted monthly prices fall -0.4%)

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/may2023

5. Tiniest ever 0.02% (2 basis points) change in Mortgage Rates makes national headlines, after they have risen over 400 bps

https://news.sky.com/story/average-mortgage-rates-fall-for-the-first-time-in-months-12924049

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