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The Property Investor' Blog

Property Investor’s FactFile – May 2019

Contents (ShowHide)

National Property Prices

National Property PricesNational Property Prices - May 2019

London Property Prices

London Property Prices - May 2019London Property Prices

Monthly House Price Changes

Monthly House Price ChangesMonthly House Price Changes

LIBOR Data

LIBOR Data - May 2019LIBOR Data - May 2019

SWAP Rate Data

SWAP Rate Data - May 2019SWAP Rate Data

Private Rented Sector (PRS) – Rental Price Growth

Private Rented Sector (PRS) - Rental Price Growth - May 2019Private Rented Sector (PRS) - Rental Price Growth

Private Rented Sector (PRS) – Growth Index

Private Rented Sector (PRS) - Growth Index - May 2019Private Rented Sector (PRS) - Growth Index

Total Mortgage Approvals

Total Mortgage Approvals - May 2019Total Mortgage Approvals

First Time Buyer – Affordability Measure

First Time Buyer - Affordability MeasureFirst Time Buyer - Affordability Measure

First Time Buyer – Gross House Price to Earnings Ratios

First Time Buyer - Gross House Price to Earnings RatiosFirst Time Buyer - Gross House Price to Earnings Ratios

Commentary by Ruban Selvanayagam

As we move towards the summer months, the market has been able to take a temporary breath after the Brexit extension.  The chances of kicking the proverbial can further down the road are now more limited.  It’s arguable that it’s only once we officially leave the Union that the true impacts on property will be truly felt.  In the meantime, although few are envisaging any major downturn, things are clearly showing signs of adjustment as sellers are forced to be more realistic.

As the third and penultimate phase of Section 24 of Finance (No. 2) Act 2015 came into force at the start of the new tax year, it’s never been more important for landlords to keep tabs on their monthly outgoings.  Although a year old, I would encourage you to run through our Section 24 post where 23 professional accountants, mortgage brokers and financial advisors gave their indispensable insights.

In relation to our own work in the quick house sale space, it was interesting to see that the number of cash transactions across the UK has decreased by just over 19%.  The largest drops were seen in Greater London where 1,157 cash transactions occurred in December 2018 – 29% lower than the previous 12 months.  This was followed by the North West which saw a 23% drop (2,406 cash sales), the South East with a 22% drop (2,834 cash sales), the South West and the East of England which both saw 20% drops (2,557 and 1,919 cash sales respectively).  The lowest decrease was seen in Scotland where 2,283 properties were bought for cash in December 2018 (compared to 2,429 in the previous year, a 6% decrease).  Note that there is a reasonably long time delay for this data to appear in the public domain due to the lag for properties to get legally registered.

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July 2019

Property Investor Factfile
Access
Property Expert Market Forecasts 2019 Selling Your Tenanted Property - Tax Implications - Simon Misiewicz Best Property Podcasts 2019 Modern Property Joint Venturing - Lisa Orme Blockchain and Property Birmingham Midshires - Current Buy-to-Let Lending - Phil Rickards Section 24 Finance Act - 22 Expert Insights Land Registry Digital Street - Laura Tombs The Future of the Private Rented Sector (PRS) - David Bond
National Landlords Association The Property Ombudsman Approved Code
Information Commissioner's Office The National Association Of Property Buyers Money Laundering Regulations