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Please copy and paste everything below and send to ANYONE who hasn't done their research on UK housing and how the economy will affect it.
HOUSE PRICES
UK House Prices Officially Falling in November 2022 (before mini budget effect fed through) WE STILL HAVEN’T YET SEEN the effect of Sep 2022 mini budget on House Prices
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/november2022
U.K. RICS House Price Balance survey at lowest since 2010
https://uk.investing.com/economic-calendar/rics-house-price-balance-264
Halifax Dec 2022 - Rate of annual growth slowed in all nations and regions during December
https://www.halifax.co.uk/assets/pdf/december-2022-house-price-index.pdf
Nationwide - House Prices fall for 4 consecutive months
https://www.nationwidehousepriceindex.co.uk/reports/annual-house-price-growth-continued-to-slow-sharply-as-2022-drew-to-a-close
MORTGAGES
Lenders reported that demand for secured lending for house purchase decreased in Q4, and was expected to decrease further in Q1.
https://www.bankofengland.co.uk/credit-conditions-survey/2022/2022-q4
Toughest time to get a mortgage in 15 years as banks brace for defaults
https://www.telegraph.co.uk/business/2023/01/19/toughest-time-get-mortgage-15-years-banks-brace-defaults/
NEW HOMES:
Barratt: Private reservations down from 0.79 (HY22) to 0.3 in December 22 - Down 78.6%
https://www.barrattdevelopments.co.uk/~/media/Files/B/Barratt-Developments/press-release/2023/barratt-developments-1h-fy23-trading-update-final.pdf
Persimmon: Private reservations of 0.83 for the year 2021, fell to 0.19 in Dec 2022 DOWN 77%
https://www.persimmonhomes.com/corporate/media/news/2023/trading-statement-110123/
Taylor Wimpey: 0.91 for full year 2021 fell to 0.68 for full 2022 - cancellation rate up 64% by Dec 2022.
https://www.taylorwimpey.co.uk/-/twdxmedia/files/head-office/corporate/reports-and-presentations/2023/tw---trading-statement-january-2023-final.pdf
ECONOMY
UK consumer mood slides back to near 50-year low - GfK
https://www.reuters.com/world/uk/uk-consumer-mood-slides-back-near-50-year-low-gfk-2023-01-20/
UK Retailer’s Worst Year Ever Caps Grim Outlook for Economy
https://www.bloomberg.com/news/articles/2023-01-20/uk-retail-sales-fall-unexpectedly-finishing-worst-year-on-record
Inflation - Target 2% - Currently 10.5% (yes ‘down’ from 10.7% ooooh!) - Even if halved, still highest since 1992
https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23
UK Wage growth v Inflation (worst in over 20 years)
https://www.statista.com/statistics/1272447/uk-wage-gro
Support the show
Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents
Please copy and paste everything below and send to ANYONE who hasn't done their research on UK housing and how the economy will affect it.
HOUSE PRICES
UK House Prices Officially Falling in November 2022 (before mini budget effect fed through) WE STILL HAVEN’T YET SEEN the effect of Sep 2022 mini budget on House Prices
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/november2022
U.K. RICS House Price Balance survey at lowest since 2010
https://uk.investing.com/economic-calendar/rics-house-price-balance-264
Halifax Dec 2022 - Rate of annual growth slowed in all nations and regions during December
https://www.halifax.co.uk/assets/pdf/december-2022-house-price-index.pdf
Nationwide - House Prices fall for 4 consecutive months
https://www.nationwidehousepriceindex.co.uk/reports/annual-house-price-growth-continued-to-slow-sharply-as-2022-drew-to-a-close
MORTGAGES
Lenders reported that demand for secured lending for house purchase decreased in Q4, and was expected to decrease further in Q1.
https://www.bankofengland.co.uk/credit-conditions-survey/2022/2022-q4
Toughest time to get a mortgage in 15 years as banks brace for defaults
https://www.telegraph.co.uk/business/2023/01/19/toughest-time-get-mortgage-15-years-banks-brace-defaults/
NEW HOMES:
Barratt: Private reservations down from 0.79 (HY22) to 0.3 in December 22 - Down 78.6%
https://www.barrattdevelopments.co.uk/~/media/Files/B/Barratt-Developments/press-release/2023/barratt-developments-1h-fy23-trading-update-final.pdf
Persimmon: Private reservations of 0.83 for the year 2021, fell to 0.19 in Dec 2022 DOWN 77%
https://www.persimmonhomes.com/corporate/media/news/2023/trading-statement-110123/
Taylor Wimpey: 0.91 for full year 2021 fell to 0.68 for full 2022 - cancellation rate up 64% by Dec 2022.
https://www.taylorwimpey.co.uk/-/twdxmedia/files/head-office/corporate/reports-and-presentations/2023/tw---trading-statement-january-2023-final.pdf
ECONOMY
UK consumer mood slides back to near 50-year low - GfK
https://www.reuters.com/world/uk/uk-consumer-mood-slides-back-near-50-year-low-gfk-2023-01-20/
UK Retailer’s Worst Year Ever Caps Grim Outlook for Economy
https://www.bloomberg.com/news/articles/2023-01-20/uk-retail-sales-fall-unexpectedly-finishing-worst-year-on-record
Inflation - Target 2% - Currently 10.5% (yes ‘down’ from 10.7% ooooh!) - Even if halved, still highest since 1992
https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23
UK Wage growth v Inflation (worst in over 20 years)
https://www.statista.com/statistics/1272447/uk-wage-gro
Support the show
Follow me on X for daily updates: https://x.com/moving_charlie
Talk to my hand picked conveyancing partners here: https://mhwc.co.uk/conveyancing
Check out our national property listings on bestagent.co.uk if you're looking for a new home or need an agent to sell or let your existing home.
If you need a mortgage, talk to my hand picked, trusted mortgage team here: https://mhwc.co.uk/mortgage
All my other links: https://linktr.ee/movinghomewithcharlie
For my estate agency podcasts, visit https://linktr.ee/bestagent
If you're an estate agent, make sure you're getting your free telephone leads as well as viewing and vendor leads by joining https://bestagent.co.uk/agents