5FF 22 Sep 2023 Video commentary: https://youtube.com/live/lrsgEP5SJ-Y July 2023 Land Registry HPI up 0.6%https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/july2023 ONS rental prices up 5.5% year on yearhttps://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/august2023 CPI inflation down 0.1% to 6.7%https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/august2023 Boiler Ban Delayed 10 yearshttps://www.express.co.uk/life-style/property/1814921/gas-boiler-ban-delay-what-it-means-for-you Mortgage interest component of inflation up 60%https://x.com/shjfrench/status/1704487008712749382?s=20 Interest Rates: unchanged (yawn) August Retail Sales: https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/august2023
When it comes to the state of the housing market, there are millions of very, very angry people. This justifiable anger leads to countless statements containing a phrase like “All [insert group] are scum.” There is no group of people of any kind anywhere in the world who are all the same. This inaccurate oversimplification… Continue reading Justified Housing Rage
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 Rightmove Reports Record Rising Rents (in Q2) but is this out of date?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… Continue reading Prices up, Mortgages down? Five Fact Friday – 21 July 2023
Five Fact Friday 7th July: Downsizing. Here are 5 verifiable facts from this week’s housing news, hitting housing hardest.
30th June 2023
1. New Homes builder Persimmon reports a 42% fall on unit sales in Q1 2023 compared with 2022. https://www.persimmonhomes.com/corporate/media/news/2023/trading-statement/ 2. Home Sale transaction volumes remain good, with Chris Watkin reporting that last week sales totals were the highest level since the mini-budget of Sept last year. Strong liquidity is important for everyone in the moving… Continue reading 5 Fact Friday 28 April 2023
Newly listed homes in February outnumber ‘sale agreed’ 4:1 as gazundering takes hold The latest weekly data from bestagent.co.uk shows average and median asking prices for Unsold homes rising, 3% in the case of median, from £304,000 to £310,000 for homes showing as For Sale in England. The same metrics for “SSTC” homes (aka Under… Continue reading Rising asking prices mask sharp falls in home prices
Why average UK House Prices will fall 35% – Charlie Lamdin – Monday 6th Feb 2022 UK House Prices have already started falling as steeply as in the last two house price crashes, and will fall 35% peak to trough, however long it takes, says Charlie Lamdin. “If you adjust for the reporting time lag,… Continue reading Why average UK House Prices will fall 35%