kate faulkner
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Chill wind blowing through the market
Headlines Rightmove: “Buyer numbers hold steady as speculative sellers stay away.” Home.co.uk: “Reluctant vendors cut supply and boost home prices.” NAEA Propertymark: “FTB sales hit seven-month high ahead of Brexit deal” RICS: “Uncertainty causing buyers and vendors to hesitate” Nationwide: “Little change in UK house price growth in October.” Halifax: “Annual house price growth slows to 0.9%” LSL Acadata HPI: “Wales and the North move ahead while the South and Midlands edge downwards.” LCPAca Residential Index: “Modest rally in prices and sales.” Hometrack: “UK city house price inflation is +2.4%, half the average growth rate over the last five years (4.8%).” It’s unlikely that this will change, especially if we hit a recession that’s driven by poor economic performance in the UK. Key facts Average prices across the indices vary from mortgaged-only prices from the Nationwide HPI of £215,368 through to marketing prices (ie not necessarily sold) from Rightmove of £306,712 and actual prices from LSL Acadata HPI of £299,047. Average sold prices from the UK HPI stand at £234,853. There is a 42% difference between the highest average price from LSL which include cash sales and the lowest from Nationwide which reflect mortgaged homes. UK, England and Wales data…
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Latest property news
EXCLUSIVE: Reservation Agreements move forward as final text is agreed
Kate Faulkner's Home Buying & Selling Group has worked with a cross-party group of industry representatives to nail down a version of the agreement which is due to be trialled next month.
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Features
Summer surge? Autumn dirge? Winter freeze?
Designs on Property tracks and summarises the property indices. Kate Faulkner says, ”When they were up they were up, and when they were down, they were down and when they were only halfway up they were neither up nor down.”
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Features
Brexit means move… Brexit means stay…
Designs on Property tracks and summarises the property indices. Kate Faulkner says, “We currently have two types of buyers and sellers: those who wanted to move last year and now aim to move before Brexit – and those too worried to move at all, right now.
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Guest Blogs
Agents: you can have input to local plans and new homes!
“It’s time for agents to demand the homes people need”, says Kate Faulkner – “There are three things agents can and should be doing to start driving the supply that people need, rather than relying on others to deliver.”
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Features
Brexit worries continue to unsettle the market
Designs on Property tracks and summarises the property indices.
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Features
The market: strong… ish not necessarily stable
Designs on Property tracks and summarises the property indices. Kate Faulkner says, “With prices showing little movement in 12 months, you see where the market description of ‘stable’ comes from. Reading the prices by region shows vastly different performances.”
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Features
Wobbling transactions, withering confidence
Kate Faulkner says, “Considering there is now talk of a recession, it’s hard to see in some areas how property prices will be affected, when they haven’t recovered from the last recession.”
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Features
Potential buyers priced out of the market
Kate Faulkner says, “Despite better volumes and faster selling times, prices aren’t showing much movement. Improved transaction levels typically mean price rises – but not in this market.”
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Features
First Time Buyers come to the market!
Designs on Property tracks and summarises the property indices. Kate Faulkner says, “The current generation of FTBs are more savvy than those before, they see a depressed market as one which is good news for them, rather than one to stay away from.”
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