June 2017 Archive

Wednesday, June 28, 2017

Why You Can't Afford to Buy a House - and How to Fix It

Ted Talks: Why You Can't Afford to Buy a House - and How to Fix It

Interesting new Ted Talk called 'Why You Can't Afford to Buy a House - and How to Fix It' The UK is facing a major housing affordability crisis. A whole generation finds itself priced out of the market. For many homeowners, however, ever increasing house prices has provided a major source of wealth. In this talk Laurie offers a ground-breaking account of how we got here, and how to fix it.

Posted by stevie19 @ 02:43 PM 0 Comments

Monday, June 19, 2017

UK House prices have fallen in June for first time since 2009

CityAM: UK House prices have fallen in June for first time since 2009

June: traditionally a month the UK's house-hunters dust off their walking shoes and head of in search of a new home. Not so much this year, though, new figures have shown, after house prices fell this month, the first time they've fallen in June since 2009. Rightmove's house price index showed average asking prices fell 0.4 per cent between 14 May and 10 June, having risen 1.2 per cent the month before.

Posted by fwiw @ 11:10 AM 0 Comments

Wednesday, June 14, 2017

Bear necessities: Brexit chaos fuels fall in living standards

Grauniad: Pay squeeze intensifies as wage growth falls further behind inflation

Fairly simple mechanism folks. The falling pound means more expensive imports, and wages are not keeping pace with inflation. Only one way this can impact on ability to service rent or mortgage. And can you really see it getting better as the Brexit chaos continues?

Posted by nickb @ 01:16 PM 10 Comments

Increasing the supply of homes for foreign investors

The Guardian: Foreign investors snapping up London homes suitable for first-time buyers

First time buyers are missing out as homes are bought investors from Hong Kong and Singapore at inflated prices. The mayor of London said: “international investment plays a vital role in providing developers with the certainty and finance they need to increase the supply of homes and infrastructure for Londoners”

Posted by cyril @ 07:06 AM 5 Comments

Saturday, June 10, 2017

There is such a thing as HPC after all

Onenewspage: Crowd of house buyers rush into estate agentsin China after prices plummet

Video showing a big crowd rushing into an estate agent's office in China to buy real estate after house prices crash. It must have been a very sudden crash for people to fall over each other like this. Central and local governments have been curbing house price growth all year - by restricting the buying of second homes, increasing deposits and reducing property developers' borrowing to buy land. (I posted this video on Thursday but it didn't appear - maybe I didn't use my admin password, so apologies if it turns up again later.)

Posted by icarus @ 08:50 AM 1 Comments

Thursday, June 8, 2017

Food for the Bears on Election day !

Financial Reporter: Transactions plummet by a fifth since SDLT reforms

The property market in England and Wales has been "shattered" since the government introduced its stamp duty reforms, according to Nested analysis. The research, which used data from Land Registry and Zoopla, found that transactions across the country fell annually by almost a fifth - 19% - across England and Wales and by as much as 33% in London, as the government’s 3% stamp duty surcharge on second homes saw investors exit the property market.

Posted by jack c @ 10:18 AM 4 Comments

Wednesday, June 7, 2017

And in the same breath let us tell you they are rising!

Grauniad: UK house prices rise for first time in five months

Halifax data say prices rose in May. Curiously the Graun does not refer to its own article a few days back reporting Nationwide data saying they fell. NW data were seasonally adjusted. Are the Halifax data? Are they both mix adjusted? Is it just sampling error on the back of low transactions volume? where is the signal in the noise?

Posted by nickb @ 02:20 PM 2 Comments

Tuesday, June 6, 2017

House price = capitalised value of rental income

Torygraph: Rents follow house prices and show first fall since 2009 crisis

Homelet data records rents falling in May. I look forward to talking with my landlord about this ;-)

Posted by nickb @ 02:06 PM 13 Comments

Sunday, June 4, 2017

HPC gets a name check in the Grauniad

Thursday, June 1, 2017

Crashy crashy

BBC Business: House prices fell again in May, Nationwide says

Annual growth 2.1% . Weakest pace for almost four years

Posted by magnifico @ 08:23 AM 11 Comments

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