TPP548: September Market Update

TPP548: September Market Update

By Rob Bence and Rob Dix from The Property Hub

There’s a lot of media attention around the property market right now, and it’s hard to really understand what’s happening. So, tune in as Rob & Rob dive into the data behind the headlines and give you an insight to what’s going on. 

(1:28) House prices  (5:30) Regional affordability  (8:58) Interest rates  (11:25) Mortgages  (13:14) Rents  (14:28) Landlords selling  (15:51) Rental control  (21:02) Hub Extra 

Links mentioned

Resources 

3 strategies to bag yourself a deal in a difficult market  The silent property crash  Property Pulse  Alex Hormozi 

House Prices 

Nationwide House Price Index  Halifax House Price Index  Rightmove House Price Index  Experts predict 7% house price falls but call it ‘a correction, not a crash’ 

Affordability 

Zoopla House Price Index 

Macro 

Investors scale back bets on Bank of England hiking interest rates  Mountain view: Bank top economist offers two routes to beating inflation 

Mortgages 

What are the current UK mortgage rates?  HSBC and NatWest cut mortgage rates again as rivals tipped to follow  Nationwide and Santander slash mortgage rates – ‘other lenders may follow’  HSBC offers 40-year mortgage term to cut monthly bills - but it will cost more overall  Bank of Mum and Dad will contribute to 47% of house purchases this year 

Rents 

Rents jump 10% to top a record £1,240 in July: Homelet  London’s Rental Squeeze Is Getting Even Tighter 

Tenants Struggling 

PropertyMark Housing Insight Report  Third of working tenants in England ‘lack savings to pay rent if they lose job’  No-fault eviction proceedings hit highest level for six years in England 

Landlords Selling 

Britain’s Landlord Selloff May Be Much Bigger Than First Thought  Landlords selling up have left it too late for maximum gains 

Politics 

Growing the economy and tackling poverty 

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