The UK Housing Market: Signs of Trouble Ahead Introduction: The UK housing market is facing significant challenges, and both homeowners and renters are feeling the impact. Rising mortgage rates, reduced mortgage product options, and increasing rents are causing concern among individuals and experts alike. In this blog post, we’ll explore… Read More »The UK Housing Market: Signs of Trouble Ahead
UK Housing Market Faces Challenges as House Prices Experience Steepest Decline Since 2009 Introduction: The UK housing market is grappling with a significant setback as house prices witness a sharp decline, reminiscent of the aftermath of the financial crisis in 2009. Nationwide, a prominent building society, has sounded the alarm,… Read More »UK Housing Market Faces Challenges as House Prices Experience Steepest Decline Since 2009
The Decline of the London Premium Market: Exploring the Factors Introduction In recent times, the London premium market has experienced a significant decline, leaving many individuals wondering about the underlying reasons behind this shift. Following a market update, it becomes crucial to delve deeper into the factors influencing this downturn.… Read More »The Decline of the London Premium Market: Exploring the Factors
UK Faces Longest House Price Downturn in the Western World Amid Rising Interest Rates Introduction: The housing market in the UK is bracing for an extended period of decline as shockingly high official interest rates have sent shockwaves through the mortgage market. According to Oxford Economics, property values across the… Read More »UK Faces Longest House Price Downturn in the Western World Amid Rising Interest Rates
The Impact of Rising Mortgage Rates on Home Sales Introduction: In recent times, the housing market has experienced a significant decline in home sales, reaching their lowest level since moves were banned during the pandemic. The slump in residential transactions, particularly notable in April, can be attributed to the… Read More »The Impact of Rising Mortgage Rates on Home Sales
Rightmove finally acknowledging the reality of the market Some sellers remain optimistic about their price expectations as sales at the top end of the market begin to lag, Rightmove has warned.It comes as the latest Rightmove House Price Index showed the average price of all types of property coming… Read More »Rightmove finally acknowledging the reality of the market
RICS confirms fastest drop in house prices for decades RICS Residential Market Survey, January 2023 Evidence that the property market is not only falling, but the fall is very steep. Buyer demand still falling, resulting in fewer sales being agreed House prices continue to decline Interesting new data suggests buyers… Read More »RICS confirms fastest drop in house prices for decades
Property Market Update Where is the market going Where is the property market going at this point in time and more importantly, what should you do if you’re thinking about re-fixing your mortgage? If you are buying your first home, or buying your next home, the report from the Nationwide last month indicated a fall of… Read More »Property Market Update Where is the market going
OBR predicts 9% house price drop House prices are set to fall by 9% over the next two years, the Office for Budget Responsibility (OBR) claims.The OBR, which keeps an eye on the government’s own finances and forecasts, has released its own economic outlook in the aftermath of today’s Autumn Statement.… Read More »OBR predicts 9% house price drop
Your valuation may not be accurate You are about to buy your first home, it seems to be very expensive, such a large sum for a tiny new-build property, hardly large enough to swing a Cat, but you run with it, because everyone repeats the same mantra: “This is how… Read More »Your valuation may not be accurate
