5 Fact Friday – 19 July 2024 May sales completion rates remain circa 40% below Q4 ’19 levels https://20115751.fs1.hubspotusercontent-na1.net/hubfs/20115751/LIG_Property%20Trends%20Report/2024/LIG%20Q2%202024%20Property%20trends%20report/Q2%2024%20EW%20SC%20property%20trends%20report%20-%20RESI/Reports/LM%20RESI%20PTR%20JUL24%20EWS%20GENERIC%20v1.pdf Rightmove July New Asking Prices Fall: https://www.rightmove.co.uk/news/content/uploads/2024/07/Rightmove-HPI-15th-July-Final.pdf Population growth being 90% accommodated by new build rates. Total new construction starts now lower than 2009 King’s Speech reintroduces the “Renter’s Rights Bill” https://theindependentlandlord.com/kings-speech https://www.parliament.uk/business/news/2024/july/state-opening-of-parliament-2024 Lloyds Bank to… Continue reading Sales agreed down 1/3rd, completions down 40% v 2019.
Tag: 2024
2024 Spring Budget Boost for Affordable Housing
The lack of help for first time buyers or other government stimulus is the best thing that could have happened. What goes up, must come down. Except house prices, it would seem. The chances of buying a home have continued to escape more and more would-be home buyers. The average age of a first time… Continue reading 2024 Spring Budget Boost for Affordable Housing
The Week in Housing: Up, 99, Up, Nothing, Boom.
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
What hope for housing?
The highly-deserved undoing of the Conservatives won’t be Labour. It will be their own shambolic incompetence. A government can only function well if the team running it actually behaves like a team, not like a bunch of posturing glory-seekers. There is a time for individual jostling in politics, a bit like transfer season. Maybe for… Continue reading What hope for housing?
Moving home in 2024
This time last year the message from the moving industry was “everything’s fine, 2023 will be fine”. For movers, whether you were buying or selling (and even ignoring prices) 2023 was the most difficult year for moving home in recent memory as transaction volumes reduced and lending tightened, with lenders making many more down-valuations on homes… Continue reading Moving home in 2024