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The Property Investor' Blog

Property Investor’s FactFile – May 2020

Contents (ShowHide)

National Property Prices

National Property PricesNational Property Prices - May 2020

London Property Prices

London Property Prices - May 2020London Property Prices

Monthly House Price Changes

Monthly House Price ChangesMonthly House Price Changes

LIBOR Data

LIBOR Data - May 2020LIBOR Data - May 2020

SWAP Rate Data

SWAP Rate Data - May 2020SWAP Rate Data

Private Rented Sector (PRS) – Rental Price Growth

Private Rented Sector (PRS) - Rental Price Growth - May 2020Private Rented Sector (PRS) - Rental Price Growth

Private Rented Sector (PRS) – Growth Index

Private Rented Sector (PRS) - Growth Index - May 2020Private Rented Sector (PRS) - Growth Index

Total Mortgage Approvals

Total Mortgage Approvals - May 2020Total 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

  • According to the latest UK House Price Index, average house prices saw an annual price rise of 1.1% (to February 2019);
  • The latest Hometrack UK Cities House Price Index reported that Nottingham saw the greatest year-on-year house price growth at 4.1%.  This was followed by Leicester (3.9%), Manchester (3.4%), Edinburgh (3.2%), Leeds (3.1%) and Liverpool (2.6%);
  • It’s worth noting that, due to the 2/3 month time lag, both the HM Land Registry / ONS and Hometrack datasets have not taken into account the impacts of COVID-19;
  • The most recent Royal Institute of Chartered Surveyors (RICS) report stated that with estate agents required to close due to the coronavirus, near term expectations have fallen dramatically; house prices rose in the three months to March, but the outlook has turned negative and rents are expected to fall in the coming months (although longer-term sentiment is more resilient).
  • It comes as little surprise that investing money on the side in areas like property is likely to remain on back burner until there’s more clarity on where the economy stands after the health crisis is over.

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