National Property Prices London Property Prices Monthly House Price Changes LIBOR Data SWAP Rate Data Private Rented Sector (PRS) – Rental Price Growth Private Rented Sector (PRS) – Growth Index Total Mortgage Approvals First Time Buyer – Affordability Measure First Time Buyer – Gross House Price to Earnings Ratios [Read More]
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. [Read More]
The ongoing Brexit delays continue to leave the property industry puzzled as to what's around the corner. Where possible, some are stalling their decision-making until there is at least some clarity with regards to our future relationship with the European Union and what it means for the economy. Others are taking a 'business as usual' approach and seeing the quiet times to explore what opportunities may exist out there. As the exit process is stretched out further, industry and much of the general public have almost got to the point of just wanting a fixed agreement playbook' unencumbered by a lack of clarity that has characterised much of period since the referendum vote. If you're bored of the Brexit debate and want to geek out a little, take the time to have a look at the Property Solvers Market Insights tool which shows: How quickly houses are selling in any postcode area of the UK; The average difference between the asking prices and the sold values of properties in any given postcode (using data from Rightmove and HM Land Registry). [Read More]
Considering most of us shrug our shoulders when trying to understand the real implications of Brexit on our day-to-day lives, fathoming the ongoing direction of the property market at the moment is an even more challenging proposition. The reality of failed predictions was no more highlighted when wide economic forecasts of a post-referendum house price crash failed to come into fruition. The leading post-Brexit house price indices have all demonstrated that values have remained broadly flat since the vote. Yet, some argue that the real effects of Brexit on the economy and housing market have not played out yet – particularly given the country hasn’t formally untied its relationship with the EU. Irrespective of what occurs over the next month, housing affordability (or lack of it) will remain a pertinent issue – particularly across London and the South East. [Read More]
This month's factfile data saw the main house price indices offering a mixed bag of price movements from an upbeat 2.29% growth estimation from the Halifax to a -0.82% drop reported by the Nationwide (echoing a wide consensus of less bullish price predictions). The Land Registry's House Price Index (HPI), undoubtedly the most reliable measure, also reported -0.2% decrease between October and November – a trend that's likely to continue as the lagged data appears in the public domain. Of course, regional disparities will remain – with growth expectations expected in cities and the surrounding regions of Birmingham, Nottingham, Manchester, Leeds and Sheffield. With an uncertain political backdrop, growing LIBOR rates reflect the increasingly conservative approach being taken by lenders. Heightened Brexit-related risk is likely to remain in the coming months as much will depend on the outcome of withdrawal agreement and ensuing business / consumer confidence. [Read More]
The latest property investor factfile ("facts and stats") aimed at buy-to-let investors and traders. We include the latest house price data / price changes, LIBOR / SWAP rate data, private rented sector growth, mortgage approvals and first-time buyer measures / price to earnings ratios. [Read More]
The latest property investor factfile ("facts and stats") aimed at buy-to-let investors and traders. We include the latest house price data / price changes, LIBOR / SWAP rate data, private rented sector growth, mortgage approvals and first-time buyer measures / price to earnings ratios. Also, check out the latest commentary by Ruban Selvanayagam. [Read More]
