Buying in an up-and-coming property hotspot: These are Britain’s hottest housing markets September 18, 2022 Which areas of the UK property market look set to be the next up and coming hotspots for house price growth? Having largely trailed the pack during the pandemic market boom, new sector data was shared with City A.M. today. Since the start of the pandemic in January 2020, UK house prices have climbed by [...]
Housebuilder Barratt shares slide despite pandemic recovery and £5.2bn revenue September 7, 2022 Housebuilder Barratt Developments’ shares slid this morning despite its construction output recovering to pre-pandemic levels and a rosy revenue of £5.26bn. The FTSE-listed housebuilder’s annual results coincided with a caution from Halifax today, warning of a housing market slowdown amid the cost of living crisis, soaring energy bills and rising mortgage interest rates. Completions climbed [...]
UK house price growth slows to 10 per cent as energy crisis batters Brits September 1, 2022 Annual UK house price growth slowed to 10 per cent in August, from 11 per cent in July.
Nervous homeowners on edge as mortgage rates hit highest level since 2016 with market fading fast August 2, 2022 The latest Bank of England data found last week that net borrowing of mortgage debt by individuals decreased to £5.3bn in June, from £8bn in May. Approvals for house purchases, an indicator of future borrowing, decreased to 63,700 in June, from 65,700 in May, which is below the 12-month pre-pandemic average up to February 2020 [...]
UK house price growth dwarfs annual salaries amid 12-month jump streak August 2, 2022 The average cost of a home has grown each month for the past year to £271,209, according to one of the country’s oldest house price indexes. House prices grew 11 per cent in the year to July, up from 10.7 per cent in June, Nationwide revealed today. While monthly growth has slowed to a “modest” [...]
A new Tory leader needs to grapple with the disparate politics of housing July 19, 2022 The candidates to be Britain’s next Conservative leader spent the weekend in a series of spats over economic plans for the future of the UK. You would assume other important topics, such as the pressing housing crisis, would also be front and centre. At the time of writing, Tom Tugendhat was the only one to [...]
Doceo watch list 11.07.22 July 11, 2022 Discount Watch: 10 The number of investment companies whose discounts hit 12-month highs over the last seven days increased by one this week to 10. Case of deja-vu in the private equity and infrastructure sectors after there were second consecutive appearances for LMS Capital (LMS); Schroder British Opportunities (SBO); and infrastructure’s Sequoia Economic Infrastructure (SEQI). [...]
PMI: House building shrinks for first time since beginning of pandemic July 6, 2022 A slowdown in the UK economy triggered by the cost of living crisis has led to house building stalling, a closely watched survey published today reveals. Activity in the UK house building sector dropped for the first time since May 2020, when the country was in the teeth of the most onerous pandemic restrictions, according [...]
doceo Watch List July 5, 2022 Discount Watch: 9 That’s the number of trusts whose discounts hit 52-week highs over the last seven days – an improvement on last week’s 14. Of the nine, three make an appearance for the second consecutive week: UK investor Diverse Income Trust (DIVI); Baillie Gifford European Growth (BGEU); and European big box investor Tritax EuroBox (EBOX). Sector-wise, property and private equity [...]
Mortgage costs expected to grow by another £2,500 as inflation spirals July 1, 2022 The cost of a mortgage is expected to grow by another £2,500 by the end of this year, in comparison with December 2021, according to property site Zoopla today. Economists anticipate “sharp” hikes to mortgage rates in the coming months, as the Bank of England seeks to tame spiralling inflation, which is already at 9.1 [...]