UK Property News Recap – 06.10.23
This week was largely dominated by HS2 and the absence of any real housing policy at the Conservative party conference. House prices took a further tumble along with the number of new homes under construction, leaving “advisory” targets abandoned in earmarked sites. Welcome to another UK property news recap. Average House
UK Property News Recap
Like all good series, a recap is never a bad thing. Welcome to my new weekly UK PROPERTY NEWS RECAP. This will be released every Friday but to kick start this Monday, l thought I'd run through everything property related that was circulating in the news last week to clear
ONS House Price Index – how reliable is it?
The Office for National Statistics (ONS) house price index has long been relied upon as the most reliable of the indices when trying to decipher what house prices have actually been doing. This is due to it being the only index that doesn’t discriminate on how buyers paid, and includes
How instability caused the current rental crises for BTL landlords
It was for many years all too easy to get a buy-to-let mortgage and become a landlord but increased legislation, EPC ratings and the removal of tax incentives have seen many landlords abandon ship. However, it is the increase in interest rates which is cutting short many landlords' buy-to-let journey.
How the mini budget affected house prices
How the mini budget affected house prices and the already shaky property market will be remembered as one of the most disastrous fiscal events of the 21st Century. The recent political chaos is reminiscent of a sketch from Fawlty Towers when a fire occurs in the hotel kitchen. Despite numerous attempts
Why uncertainty is driving the UK housing market
The current post-pandemic climate is a petri dish for doubt. Uncertainty is driving the UK housing market to extremes, which is affecting every element, from first time purchasers to seasoned landlords. THE POLITICAL BACKDROP Our third Prime Minister in six years is about to be voted in after the last two were unceremoniously
How house prices will be affected by the cost of living
It's difficult to see how house prices will be affected by the cost of living when the start of 2022 resembles a rush on the bar, to make last orders. But will buyers have the same disposable income to afford that final drink, come the end of the year? That
Will the UK housing market crash in 2022?
Many wonder, some even hope, the UK housing market will crash in 2022. UK property prices over “The Pandemic Years” has seen seismic increases. In the 12 months to December property prices rose 10% in 2021 but will they continue to rise in 2022? Or will interest rates and the
London Property has always been king of the comeback
The pandemic made people realise their 5 year plan early. To move out and gain more space. People assumed life had changed forever post Covid. In reality the new norm isn’t that different from before. Meaning some may realise they moved before their time. The assumption the office is a prehistoric
Make hay while the sun shines and remortgage
In the absence of the X factor this year, UK banks have decided to compete for your mortgage vote before inflation lines close. Who will win the 40% deposit cheapest rate? You decide. If you are in the fortunate position of having 40% + equity in your home, now couldn’t be