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 Rightmove July New Asking Prices Fall:  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” Lloyds Bank to… Continue reading Sales agreed down 1/3rd, completions down 40% v 2019.

5 Fact Friday 8 March – Great news

5FF 8 March 2024 Jan 2024 Transactions fall 10% on year earlier, 20% on December. 2023 Mortgage Lending lowest in 50 years – UK Finance UK Spring Budget 2024 – CGT Cut from 28 to 24%, Stamp Duty holiday ends, Holiday Lets tax break ends,6.6%20Housing,-Barking%20%E2%80%93%20The OBR: 2026 before house prices rise… Continue reading 5 Fact Friday 8 March – Great news

2024 Spring Budget Boost for Affordable Housing

Charlie Lamdin thinks the budget was great news for the housing market

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 It All Changed.

5 Fact Friday – 16 Feb 2024 ONS December House Price Index continues to be confuseless. January Inflation Unchanged Again at 4.2%: GDP – We’re officially in Recession: GDP Per Capita – We’ve been in recession for 2 years already:,Source%3A%20GDP%20first%20quarterly%20estimate%20from%20the%20Office%20for%20National%20Statistics,-Notes Commercial Property Debt Time-bomb close to detonating: Bonus fact, for… Continue reading The Week It All Changed.

Everything’s Fine! No. No it’s not.

please no not again

Five Fact Friday –  9 Feb 2024 House Prices Up! *NOT* RICS – “The worst is over!” *NOT* Mortgage Rates UP. Mortgage Arrears UP. Valuation Requests Record High

Halifax v Rightmove?

Halifax says “house prices” rose in December 2023, monthly, quarterly and yearly. Rightmove’s December 2023 index says they fell, monthly and yearly. Question: Why would sellers be lowering asking prices across the board if actual house prices were rising? Think about it. Then you decide. My view: You are being gaslit by the debt salesmen.… Continue reading Halifax v Rightmove?

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

Festive Final Five Fact Friday of 2023

5FF 1 Dec 2023 Fact 1: Bank of England October Mortgage approvals up. (They couldn’t have got much lower). Zoopla Nov HPI. – 6 year supply high. £18,000 average discounts from asking price. Used car market crashing 4.2% in one month Government botches leasehold reform legislation. New legislation for property listings announced … Continue reading Festive Final Five Fact Friday of 2023

No, Nationwide. That’s what got us into this mess.

please no not again

Nationwide Building Society begs for a government bailout for first time buyers and savers. 20 Nov 2023 NATIONWIDE CALLS FOR MORE SUPPORT FOR FIRST-TIME BUYERS AND SAVERS Nationwide wants greater government support [aka free money] for first-time buyers and savers ahead of the Chancellor’s Autumn Statement as rising costs delay owning a home and building… Continue reading No, Nationwide. That’s what got us into this mess.