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An early start in London to include a quick chat with Evan Davis & the Today team to discuss the implications of the mortgage drought. You can listen here. Many people picked up on my comment that “as you drive from central London to Salford in Manchester the average value of a house falls by £3500 [...]
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It looks like the Office for National Statistics numbers produced every month are set to take over from the Land Registry as the ‘official’ barometer of the health of the housing market and although the Land Registry will continue to publish their numbers (and the important transaction volumes) we must start to monitor what the [...]
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It won’t come as a surprise to many that the amount of money that home buyers have to earn to be able to afford to buy a property these days is getting higher and higher. According to the Office for National Statistics the typical buyer of a new build home in the first quarter of [...]
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A trip up to the amazing new MediaCity at Salford for BBC Breakfast to discuss mortgages with Steph McGovern. Disappointingly cut short(er) than the 2.5 minutes I had but great to see the team in their new home. Presenter Charlie Stayt pointed out after the interview and off camera that we hadn’t actually answered the [...]
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With all the main reports in for May we can now summarise the market which in a word is ‘chaotic’. Asking prices have remained steady although there is still an upwards creep. Sale prices have held whilst the gap between the two grows to 34% – it’s never been wider. (read previous notes about why [...]