Folks, it happened! 😳
Annual house price inflation is negative for the first time since the Covid-19 pandemic. 😷
@Nationwide reports that prices have fallen 1.1% vs February 2022.
What are your predictions for the average UK house price for this year?
Spotted #17: @adjoinhomes, a “rent-now-buy-later” proptech startup, is trying to solve a problem many urbanites face in large and expensive cities: building housing wealth.
The London-based startup is co-founded by Prof. Kostas Zachariadis and @MarioToss.
https://t.co/jv18uJgWV9
Hey friends!
If you are in London next week join us for an informal social gathering in a beautiful pub in Angel.
Greek and non-greeks are equally well received :)
Details in the event page here 👇
#greeksintech#techies#geeksforgreeks https://t.co/MQl7MeSi5S
Such a great way to end 2022!
Have a look if you, friend and colleagues, want to learn about what we have been doing at Adjon. And don't be afraid to get in touch :)
Kudos to my co-founder Konstantinos and all the team at Adjoin Homes. Thanks @suescott…https://t.co/ziXjMQElkw
"There are three kinds of lies: lies, damned lies, and statistics" someone said, a long time ago.
Simpson's #paradox - the softening or reversal of a tendency when groups of #data are combined - best exemplifies how #statistics can be misused and lead t…https://t.co/fOY55sx5HY
Housing market updates
- Regent's Park mansion sold £50mn below asking price
- Proportion of FTB dropped to the lowest level, Twenty7tec data show
- Interest rates expected to soar in 2023; housing demand fall by 20%
- HSBC: avg house prices will fall 15% in central London
Market updates
- UK house prices drop by 1.3% in Aug - 1st time this yr, says Rightmove
- Summer distractions & declining new-buyer inquiries might have caused it
- Will fall 7% in the coming 2yrs, Capital Economics forecasts
- Key mortgage rate hit 4% for the 1st time in 9y
"Adjoin will let you live in a home 8x your salary, unlike 5x which is the typical mortgage. Eventually, you have the option to buy it too."
Very nice coverage of what we have been working on from @michaelvogiatzis and Foxy Monkey.
Thanks Michael :) https://t.co/cv9Dk0U0nl
@daltonc One can argue here a lot about pros and cons of advisors, while we should be looking at the data. How many unicorns and how many failed startups had influential advisors early on? Is there a correlation at all?
Scrapping #affordabilitytest is good; however “more than half of UK homeowners have been limited by what they could borrow for a mortgage, even though they could afford to pay more. We simply need better and more sophisticated ways to help people finance their homes” says @Habito