The latest Rightmove House Price Index is out and it's showing that house prices have seen the lowest annual increase since 2013. So what does this mean for Britain's 'broken housing market'? James Lockett, Head of Communications of eMoov, joined Nigel Cassidy on Share Radio Breakfast to shed some light on the matter.
There has been remarkable growth in property rental prices around the proposed new stations for HS2 and Crossrail 2. Otherwise, national rental growth has slowed. This has been revealed in Landbay's monthly Rental Index, which provides analysis of national rental growth. For more on this, the CEO and Co-Founder of Landbay, John Goodall, joined Share Radio Breakfast.
After a summer which saw more uncertainty, annual UK house price growth suggests the post-Brexit property market is stabilising. We’ve now had three months of figures showing price growth has remained robust, and households across the UK perceive that the value of their home rose in November. That’s according to the latest House Price Sentiment Index (HPSI) from Knight Frank and IHS Markit. To discuss the data, Oliver Knight, an Associate at Knight Frank, joined Share Radio Breakfast.
The UK's housing market is in crisis. Its widely agreed that the acute shortage of homes, the gap between supply and demand, isn't going to be bridged without a huge shift in approach. The UK should ideally be building around 300 thousand homes to reduce the deficit in supply, though last year we managed little more than half that. The Building Societies Association might usually be seen as mainly concerned with lending and interest rates, but today it's bringing out a report which outlines the need to make the most of new building technologies. Paul Broadhead, Head of Mortgage Policy at the Building Society Association, joined Share Radio to discuss.
Mark Hayward, Managing Director, National Association of Estate Agents (NAEA), joined Nigel Cassidy to talk on 'Brixit'. Is a shortage of bricks a factor in rising house prices and housing deficit post-Brexit?
British households remain confident in the rising value of their homes, even after the vote to leave the European Union.
That's according to Knight Frank's Sentiment Report, which shows 15% of homeowners surveyed by Knight Frank believed the price of their own house had risen last month... more than the ratio who believed house prices had fallen.
Grainne Gilmore, head of Knight Frank UK Residential Research joined the team to discuss further.
The price of homes for sale in England and Wales have seen the biggest drop since November, according to the property website Rightmove.
Asking prices fell by a monthly 1.2% average between July and August. With the biggest falls seen in London and the Southeast. This comes after a dip of just under 1% the previous month.
Miles Shipside, housing market analyst at Rightmove, joined the team to explain what's caused this drop.
The number of house loans approved by the British Banker’s Association fell more than expected last month. So with more official mortgage approvals data due out, what can we expect and how's it affecting the mortgage market? Ray Boulger, mortgage expert from the independent mortgage specialists John Charcol, explained.
Steve Darragh, Director of affordable housing developer Uprise, launched their report on affordable housing in London. Uprise is an affordable housing developer using a commercial model to build additionality into London's housing stock. The report is compiled with the input and consensus of over one million Londoners. So what's wrong with the structure? What can be done? And how will it be spread to other cities?
The UK's housing market isn't functioning like it should, with too few affordable properties for sale or rent. As well as that, the market is vulnerable to shocks and political pressure, like the London mayoral election results and Brexit. Ryan Prince is VP at Realstar, a private renting company, and he gives his take on the state of the market.