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
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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/
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.
Mortgage Approvals Jump to highest in 2 years
Five Fact Friday 30 Aug 2024 Zoopla HPI shows 7 year record high listings and sale delays for price droppers https://assets.ctfassets.net/02vwvgr6spsr/5w99HETUtORhsbw5XOIVBj/69ec7d1266bcde10d4680b4994fe8f37/HPI_Aug_2024_-_ZP.pdf Nationwide reports small fall in average mortgaged transaction index value (aka ‘house prices’) ONS Housebuilding Data shows Q1 Housebuilding at 50% of gov target https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ukhousebuildingpermanentdwellingsstartedandcompleted UK House Prices Post Surprise Fall Despite BOE Rate… Continue reading Mortgage Approvals Jump to highest in 2 years
Mortgage wars, falling rents, the week in housing.
5FF – 23 Aug 2024 House values are currently at 2003 levels. Nationwide. https://rationanalytics.com/uk/house-prices-inflation-adjusted Rightmove Average Asking Prices fall between £700 and £15,000 in August https://www.rightmove.co.uk/news/content/uploads/2024/08/Rightmove-HPI-19th-August-Final.pdf Rents Start Falling https://www.zoopla.co.uk/discover/property-news/rents-start-falling-in-major-cities Rachel Reeves the Rent Raiser Mortgage rate cutting war hots up https://www.standard.co.uk/business/mortgage-price-war-nationwide-hsbc-natwest-b1177737.html
Weekly housing market update 16th August 2024
5 Fact Friday 16 August 2024 Rayner scraps Tory plans to prioritise British citizens for social housing https://www.telegraph.co.uk/politics/2024/08/10/angela-rayner-social-housing-migrants-drop-restrictions Q2 Mortgage claims for possession jump 34% from the same quarter in 2023. https://www.introducertoday.co.uk/breaking-news/2024/8/dramatic-rise-for-mortgage-possession-claims–government-data Monthly jobless claimant count spikes to highest level since 2009 https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/august2024 National average time for sellers to find a buyer rises to 72… Continue reading Weekly housing market update 16th August 2024
A mixed bag for housing – 5FF 9 August
Five Fact Friday 9 August 2024 Bloomberg reports signs of a house price recovery https://www.bloomberg.com/news/newsletters/2024-08-08/there-are-tentative-signs-of-a-uk-house-price-recovery Halifax average purchase price of its mortgage business rises 2% year on year https://www.halifax.co.uk/assets/pdf/july-2024-halifax-house-price-index.pdf RICS says “outlook brightening” https://www.rics.org/news-insights/market-surveys/uk-residential-market-survey Zoopla “20 minute offer” survey article https://www.bbc.co.uk/news/articles/credj9geenno Persimmon New Build Forecast Improves Link to Zoopla boss’s post on the end of… Continue reading A mixed bag for housing – 5FF 9 August
Sales agreed down 1/3rd, completions down 40% v 2019.
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.
It’s getting harder to sell your home.
5FF 10th May 2024 Brit Retail Consortium Figures show Retail sales fell 4% in April https://brc.org.uk/news/corporate-affairs/dismal-weather-disappointing-sales-1/ Housing Ladder Broken – Building Society Report. https://www.bsa.org.uk/getmedia/e1daa383-54e1-4544-8545-2f4aa835aa74/BSA-First-Time-Buyers-Report-2024-(Interactive-Single-Page)-(1).pdf London Stock Exchange Red Flag Report Failing Businesses https://www.londonstockexchange.com/news-article/BEG/latest-red-flag-alert-report-for-q1-2024/16441805 RICS April Survey: Stock Levels Climb, buying interest levels off https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/UK-Residential-Market-Survey_April-2024.pdf Bank of England Base Rate held at 5.25% https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2024/may-2024 Left out:… Continue reading It’s getting harder to sell your home.
5 Fact Friday 8 March – Great news
5FF 8 March 2024 Jan 2024 Transactions fall 10% on year earlier, 20% on December. https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above/uk-monthly-property-transactions-commentary 2023 Mortgage Lending lowest in 50 years – UK Finance https://ukfinance-newsroom.prgloo.com/news/affordability-pressures-push-down-mortgage-lending-and-savings-in-2023 UK Spring Budget 2024 – CGT Cut from 28 to 24%, Stamp Duty holiday ends, Holiday Lets tax break ends https://www.gov.uk/government/publications/spring-budget-2024/spring-budget-2024-html#:~:text=a%20timely%20manner.-,6.6%20Housing,-Barking%20%E2%80%93%20The OBR: 2026 before house prices rise https://www.telegraph.co.uk/money/property/house-prices/falling-interest-rates-to-drive-house-price-recovery… Continue reading 5 Fact Friday 8 March – Great news