Category: 5 Fact Friday

5 Fact Friday – 26 July 2024 Asking price to sold price gap widens to 17%.  https://www.propertyreporter.co.uk/asking-to-sold-price-gap-continuing-to-widen.html Buy to let mortgages halve in one quarter  https://www.bloomberg.com/news/articles/2024-07-22/deals-for-uk-buy-to-let-homes-drop-to-record-low-boosting-rents?srnd=homepage-uk Kemi Badenoch schools Angela Rayner on impossible housing targets as new homes registrations plummet 23% https://www.independent.co.uk/money/new-home-registrations-fell-by-23-annually-in-second-quarter-of-2024-b2584306.html Number of UK Bankruptcies Jumps to Highest in Over a Year  https://www.bloomberg.com/news/articles/2024-07-19/number-of-uk-bankruptcies-jumps-to-highest-in-over-a-year Huge… Continue reading UK Housing market’s limp gets worse – 5FF

Final Five Fact Friday before the election 28 June 2024.  Register here if you want to appear on the 60 hour election livestream: https://docs.google.com/forms/d/1vpPLXWsD82-KpwrSVgeTauC94zsCH1aCgLV_ZGBMQnU/viewform?usp=drivesdk Zoopla’s house price index says everything is 8% overvalued Bank of England warns 3 million more mortgage holders to be hit by end of fixed rates.  Q1 GDP per capita revised up … Continue reading Final 5 Fact Friday before Election 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 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 Bank of England holds… Continue reading Rates not cut again. 5 Fact Friday 20 June 2024

5 Fact Friday 14th June 2024 Mortgage arrears total up 45% https://www.thisismoney.co.uk/money/mortgageshome/article-13517137/Mortgage-arrears-surge-45-year-reality-rate-hikes-sets-in.html Construction output falls sharply https://www.ons.gov.uk/businessindustryandtrade/constructionindustry/bulletins/constructionoutputingreatbritain/april2024 Housing Market Activity Stalls in May – RICS https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/5._WEB_May_2024_RICS_UK_Residential_Market_Survey_tp1.pdf GPD growth stalls – flat at 0% in April 2024  Gov Planning Application Statistics – Q1 2024 – All Metrics down approx 10% year on year   https://www.gov.uk/government/statistics/planning-applications-in-england-january-to-march-2024 Reform… Continue reading Housing Market News Overload.

Rents increase but not as much as ONS says and Zoopla says rental growth to fall to 5% https://www.goodlord.co/newsagent/goodlord-rental-index https://www.bbc.co.uk/news/articles/c9rrx74vy5xo HMRC Housing Transaction Volumes fall 9% in April from March https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary–2 Nigel Farage enters election, changing the likely shape of the future House of Commons https://www.theguardian.com/politics/live/2024/jun/03/conservatives-equality-act-labour-general-election-campaign-uk-politics-live-3-june Labour announces FTB scheme. But it’s nothing new.  https://labour.org.uk/updates/stories/labour-party-homes-policy-how-we-will-keep-mortgage-rates-low-and-help-first-time-buyers-with-a-new-freedom-to-buy-scheme/… Continue reading Five Fact Friday 7th June 2024. FFS.

5 Fact Friday 31 May 2024 Leasehold Reform Bill Passed https://www.parliament.uk/business/news/2024/may/leasehold-and-freehold-reform-bill–completes-final-stages-and-becomes-law Nationwide HPI reports house price increase https://www.nationwidehousepriceindex.co.uk/resources/px24m-0qca4-6f5ur-t8ucc-hf0ou Zoopla House Price Index – Supply at 8 year high https://assets.ctfassets.net/02vwvgr6spsr/4sHzGQN1lF7UlfgJRxDBLt/f533e04da53ce7a53654714310b53e8e/HPI_April_2024_final.pdf Bank of England shows highest mortgage approvals since mini-budget https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=2020&TD=31&TM=Dec&TY=2024&FNY=&CSVF=TT&html.x=121&html.y=35&C=10Z&Filter=N Eurozone Inflation higher than forecast – doubts on rate cuts https://www.ft.com/content/566c85f0-8a76-421b-a9b1-a20471363cff https://www.reuters.com/markets/europe/euro-zone-inflation-rises-just-ecb-prepares-cut-rates-2024-05-31 Leasehold Reform Summary: https://www.gov.uk/government/news/leasehold-reforms-become-law#:~:text=The%20Act%20%E2%80%93%20which%20has%20officially,more%20security%20in%20their%20home.

5 Fact Friday – 24th May 2024 Headline CPI Inflation down not as far as hoped to 2.3% but Owner Occupier Housing inflation up to 6.6% https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/april2024 BoE Rate Cut now not expected until September earliest.  https://www.bloomberg.com/news/articles/2024-05-22/pound-rallies-traders-pare-bets-on-rate-cuts-after-uk-inflation Yearly change in Average UK “House Prices” [sic] turns positive in April 2024 for the first time since… Continue reading It’s General Election time! 5 Fact Friday

5 Fact Friday – 17th May 2024 – 5 Facts hitting UK housing hardest Real Wages rise again, but more slowly https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/averageweeklyearningsingreatbritain/may2024 Unemployment rises, job vacancies fall, again https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/employmentintheuk/may2024 Britain is officially the worlds worst in homelessness  Why Britain is the world’s worst on homelessness Agent Regulation Abandoned after 5 years 3 banks cut mortgage… Continue reading Wages up, mortgage rates down 🎉 (right?)