property tracks
-
Uncategorised
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.…
Read More » -
Uncategorised
Patchy forecast for sales
Report Headlines Rightmove: “Biggest September rise for 13 years to new record high benefits the property-rich.” Home.co.uk: “Average London house price up £60,000.” NAEA: “Supply of available housing dwindles to eleven year low.” RICS: “Sales growth picks up speed as solid demand begins to filter through.” Nationwide: “Annual house price growth picks up to 3.8 per cent whilst regional divergence grows.” Halifax: “Annual house price growth eases to 8.6 per cent.” Agency Express: “UK property market gains momentum in September.” LSL: “The most frequently paid property price across England and Wales is just £125,000. Hometrack: “City level house price inflation is running at 8.3 per cent per annum, up from 6.6 per cent in May.” Land Registry: “August data shows a monthly price increase of 0.5 per cent and the annual price change is now 4.2 per cent.” KATE SAYS: “Property price inflation is reported to be between +3 per cent through to just under 9 per cent year on year depending on which index you look at. The higher rates are being applied to mortgage lending via Halifax and Hometrack’s City Index. But despite talks of affordability issues, LSL’s data shows that more houses are sold at £125,000 than…
Read More »
