Latest News
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Expect House Prices to Fall, Once Owners Adjust Their Expectations
In CityAM, economist Paul Ormerod shares his view of UK house prices – “House prices are on the rise because fewer people are selling, and fewer people are selling because they think their property has preserved its value. Once they give up, prices will fall.” What’s Going On? The House Price Puzzle – Solved! Signals…
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Is Buying a REIT Like Buying a Pint?
In Investors’ Chronicle today, expert Mitchell Labiak compares the price of REITs (Real Estate Investment Trusts) with the price of beer – “For both pints and property, a general price shift, upwards in the case of pint inflation or downwards in the case of property value, has increased price variation. The upshot is the increased…
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More Lenders Announce Mortgage Rate Cuts
All six of the UK’s largest mortgage lenders have now cut their mortgage rates, anticipating that the inflation figures released today will show improvements.
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Overseas Companies & UK Properties: The Big Picture
How much UK property is owned by overseas companies? Let’s break down a recent study about overseas companies owning properties in the UK: In Simple Terms: A big chunk of properties in England and Wales are owned by foreign companies based in places where they pay little to no tax. This has raised some eyebrows,…
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“Guppies” In The News Again
Do “Guppies” really exist, or are they just a product of the newspapers having little to write about in August? The Telegraph has an article on them today. Key Points: In Conclusion: While the traditional path has often led from renting to owning, a blend of socio-economic factors, individual priorities, and broader lifestyle shifts are…
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Bloomberg – The UK Housing Market Hangs in the Balance
The UK housing market’s fate is currently uncertain, with upcoming economic data this week potentially influencing its direction. The focus is on the impact of jobs, wages, and inflation data, which could sway sentiments on future interest rates, affecting mortgage and savings rates. Bloomberg’s money expert John Stepek gave his overview – Key Takeaways:
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Mortgage Rate Cuts are not Helping the Market, Yet
Research from the Mortgage Advice Bureau shows that while any lenders are cutting mortgage interest rates, this hasn’t yet translated to more activity in the housing market. Ben Thompson from MAB said, “There are many challenges for prospective buyers to overcome before they get the keys in their hands, and right now, they’re coming from all…
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Airbnb Controversy in Snowdonia Village
There has been a hate campaign in a village in Snowdonia, aimed at the increasing number of Airbnb lets in the area. A village named Llanberis in Snowdonia has seen a significant rise in anti-Airbnb sentiments as the number of holiday lets nearly doubled. Some locals are showing their frustration by placing stickers with messages…
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UK University Student Accommodation Crisis
UK student accommodation is in short supply and this year’s freshers may be starting term in hotels or bunk beds. Specific Cases: Parent & Financial Concerns: Impacts: Additional Insights: Market Shifts: Final Thoughts: There’s an increasing strain on university student accommodation across the UK. Many students face uncertainty regarding their living situations, with some having…
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Market Optimism From Fine and Country
Estate agents Fine and Country have an optimistic outlook for the UK housing market. Overview: The UK property market looks promising! Inflation is going down, which could mean better mortgage deals are on the horizon. Though there might be a slight dip in house prices soon, it won’t be as big as previously thought. Current…