House prices fell 1.8% in the year to December, reports Nationwide.
On the other hand, Halifax says house prices rose 1.7%.
Different homes, different turf.
Check out our latest article exploring the power of Rent-to-Rent – a game-changer for landlords or property owners looking to maximize returns!
Read now: https://t.co/1zEbTPmfja
#RealEstate#RentToRent#GuaranteedRent#UK#london#zone1#zone2
UK Housing market update:
- House prices down 2% in the year to Nov. (Nationwide)
- House prices down 1.2% in the year to Oct. (Zoopla)
- Avg effective mortgage rates rose to 5.27% in Oct from 5.03% in Sept. (BoE)
As the cliché goes: A picture is a thousand words. 🙂
Huge update coming in soon, everyone 🚀
Stay tuned 📻
Or even better.. please register at our website (link in the comments below) to get the news first to your inbox.
Weekly housing market update:
- Asking prices dropped by 1.3% in the year to November. (Rightmove)
- House prices fell 0.1 in the year to September. (ONS)
- Mortgage approvals by the BoE (in the year to September):
👉For house purchase - 🔽32.5%
👉For remortgages - 🔽57.9%
UK Housing market update:
- House prices 🔽3.2% in the year to October. (Halifax)
- House prices to 🔽3% next year but ultimate 🔼17.9% in the next 5 years. (Savills)
- Asking prices fell by 1.3% in the year to 4th November. (Rightmove)
Follow @Adjoinhomes
Housing market update:
- #UK house prices 🔽3.3% in the year to Oct. (@Nationwide )
- @HalifaxBank reports a similar annual house price change in the same period.
- Residential transactions (85,600) in Sept 17% lower compared to last year. (@HMRCgovuk)
Yesterday, the Bank of England decided to hold the interest rate at 5.25% for the second consecutive month.
What are your predictions about the bank rate at the end of 2023?
#UK#BankofEngland#interestrates
"Some prices are back to 2015/16 levels.
Prices don’t concern me. Transaction levels concern me, they are heading for a disaster. Educating sellers is vital – totally agree.
We are a very strong operation but this market is not for the faint hearted. Office closures happening right left and centre right now which for us is opportunity. Brutal but true."
For anyone who still thinks I'm making this up. (I think most of you are now close to the same page, but still most underestimate how rough it's going to be).
A massive thank you to all those who spoke up for renters at the Second Reading of the Renters (Reform) Bill last night and all those who referenced the work of the coalition - see thread 👇
We look forward to working together as the Bill progresses through Parliament.
Article is for subscribers-only, but it's a good opportunity to remind landlords that these tax avoidance schemes are continuing to get attention and be scrutinised.
Unless specific schemes are given the all clear, I would avoid - these schemes are gambles right now.
Weekly #UK#housingmarket update:
- Asking prices 🔽0.8% on the year to October. (Rightmove)
- House prices 🔼0.2% on the year to August. (ONS)
- Private rents 🔼5.7% on the year to September. (ONS)
#adjoinhomes#marketupdate#renttobuy
Plan for dozens of new homes next to DLR rejected and branded 'totally unacceptable' as none are affordable
https://t.co/UmbSjqpFKo
https://t.co/UmbSjqpFKo
Thanks to the recent U-turn, landlords in the UK will no longer be forced to make energy upgrades to their rental properties.
Regardless, here's why it can benefit landlords to make their rental properties more energy efficient.
https://t.co/4dvRVfQfBd
Mortgage warning as homeowners face ticking 'timebomb' with repayments taking 80% of cash.
The timer on this started a year ago. https://t.co/cXcxu0ulF9
Weekly #UK housing market update:
- House prices🔽 5.3% on the year to September. (Nationwide)
- House prices🔽 4.7% on the year to September. (Halifax)
- Annual rental growth 🔼10% in Q3. Supply 🔽35%. (Rightmove)
Weekly housing market updates:
- Asking prices 🔽0.4% on the year to September. (Rightmove)
- House prices 🔼0.6% on the year to July. (ONS)
- Private rents 🔼5.5% on the year to August. (ONS)
- Bank rates unaltered for the first time in 15 months. (BoE)
The latest episode of the Generation Rent podcast is out now - in this episode @BenTwomeyUK Chief Executive of Generation Rent and @j_davies92 from @NationwideFdtn discuss the private rented sector and why reform is so needed, listen here 👇
https://t.co/6iIuQeLBKa