The official UK House Price Index told of near-16% growth in the 12 months to July 2022, with the latest reading still tickling double figures but prices have now stalled. There have been 14 consecutive questers of positive house price growth. A correction is necessary and inevitable but what a difference a mini-BudgetContinue Reading

Data published this morning by Hometrack, the data company owned by Zoopla makes grim reading. The analysts forecast a cold winter with almost every one of their dials flashing red. “It’s almost as if the housing market has moved into Christmas mode eight weeks early,” Hometracks’ boss Richard Donnell toldContinue Reading

After the turmoil of the ‘Fiscal Event’ of 23rd September we were all hoping that there would be nothing in Jeremy Hunt’s Autumn Statement for the housing sector but in the end he had one or two things that are worth mentioning. In September, former Chancellor Kwasi Kwarteng increased theContinue Reading

According to Hamptons data £30.9bn-worth of property changed hands without public marketing in 2021, according to an estimate by a property fund. In an interesting article in Prime Resi it is estimated that nearly 100,000 homes changed hands on the “off-market” – which in this instance means quietly marketed withoutContinue Reading

Whilst fashionable to have a wild stab in the dark about what might happen to the housing market I’m afraid I can’t – yet. Everything changed with the mini-Budget but that was only two weeks ago. In April one group of financial prognosticators said they expected house prices in 2023Continue Reading

Following last weeks mini-Budget there has been turmoil in the money markets. On Tuesday 1000 mortgage products were withdrawn as lenders try to re-price their offerings as bank base rates head towards 6%. 12 months ago you could get a 2 year fixed rate mortgage for 1.6%. Today the NationwideContinue Reading

My comments to Jeremy Vine following the ‘mini-Budget’ that turned out to be anything but! We’re joined by Robert Colvile from CPS Think Tank who is a supporter of the changes being introduced.Continue Reading

The amount of stamp duty you pay depends on the cost of the property. Chancellor Kwasi Kwarteng announced new rates for England and Northern Ireland as part of the government’s mini-budget. These are: £0 – £250,000 (£425,000 for first time buyers) = 0% £250,000 – £925,000 = 5% £925,000 –Continue Reading

Announcement from Buckingham Palace. The Queen died peacefully at Balmoral this afternoon. The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow. Thursday 8th September 2022Continue Reading