demand for property
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Features
House price growth: the only way is up… or is it?
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “The number of properties coming onto the market is likely to be restricted.”
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Latest property news
Stamp Duty change whips up a storm
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “Even the higher taxes haven’t dampened investors’ enthusiasm.”
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Crowded house
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “Supply is probably the single most feared issue in the property market. Buyer demand is strong, but the supply simply isn’t coming through. Agents may have to find ways of attracting new instructions.”
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Frozen Britain
Report Headlines Rightmove: “Home-owner confidence sets the scene for higher prices in 2016.” NAEA: “Sales to first time buyers highest in six years.” RICS: “No easing in supply constraint.” Nationwide: “Slight softening in house price growth in November.” Home.co.uk: “Stock of property for sale hits new low.” Hometrack: “Prices accelerate in large regional cities.” Land Registry: “October data shows a monthly price increase of 0.4 per cent.” Kate says: “The property market used to be relatively easy to predict from a business perspective. Things were often quiet for the first few weeks of January then the rush began to the end of May, quiet-ish summers, a flurry of activity post summer holidays and a quietening down to Christmas. Not anymore! Since the credit crunch, from one month to the next, we are never quite sure what is going to happen. This difficulty in forecasting the short and long term future of the property market from an industry perspective is now exacerbated by one government housing announcement after another, many of which are being made at too short notice, causing mayhem in the market! The main game changer though, is that both George Osborne (Chancellor) and Mark Carney (Governor of the…
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The market’s hot…warm…cold
Report Headlines Rightmove: “First-time buyer prices surge nearly 10 per cent in a year.” NAEA: “Sales to first time buyers rise.” Nationwide: “Slight pick-up in house price growth in October.” Halifax: “Annual house price growth rises to 9.7 per cent.” Agency Express: “October’s property market bucks seasonal trends.” LSL: “Fastest annual rise in house prices for six months.” Hometrack: “City level house price growth tentative slowdown.” Land Registry: “September data shows a monthly price increase of 1.0 per cent and the annual price change now stands at 5.3 per cent.” KATE SAYS: “The market clearly had a bit of an unexpected ‘up-tick’ this month, as until now, price growth seemed to have been slowing ‘on average’ each month. An odd statement though from Rightmove suggests that buy to let investors are “competing” with first time buyers. This shouldn’t really be happening as smart investors should secure a property at a discount, with cash, for example and find a way to add value. First time buyers on the other hand have the advantage over investors of needing a much lower deposit, essentially ‘gearing’ their purchase with a five per cent deposit or accessing schemes such as new build Help to Buy.…
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Housing supply contracts
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “The reality is that people will not move unless they can find a property that they really want to buy.”
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Chancellor’s reforms may thaw the chilly housing market
Designs on Property tracks and summarises the monthly property indices. Kate Faulkner says, “The question is, will the great news on Stamp Duty deliver more sellers?”
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