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 [...]
Average UK house costs £271,613 as price growth shows ‘tenative signs of slowdown’ June 30, 2022 The pace of UK house price growth slowed modestly last month, with the price tag of a standard home hitting a new record high of £271,613. According to the Nationwide House Price Index published on Thursday, average prices increased by over £26,000 in the past year. The rate of annual growth slowed to 10.7 per [...]
Week ahead: City eyes housing stats and BoE governor Bailey remarks June 26, 2022 The UK’s red hot housing market is set to revert to more normal territory driven by the cost of living crunch chilling demand for homes, fresh data released this week that will be closely watched by the City. London’s premier FTSE 100 index has rebounded after suffering bruising losses of late caused by investors around [...]
UK mortgage arrears hit highest level in more than 12 years as debts to banks creep past record £2bn June 15, 2022 The value of mortgage arrears in the UK has reached its highest level since 2010, with £2.05bn of mortgage debt delinquent at the end of the first quarter of 2022, according to new data shared with City A.M. this morning. As interest rate rises and the cost-of-living crisis hit household finances, more families are now [...]
UK house price skyrockets to record £289k: ‘Any mutterings of a market crash are greatly exaggerated’ June 8, 2022 The average UK house price hit a record high of £289,099 in May, but the pace of growth in values is slowing, according to an index this morning. Russell Galley, managing director of Halifax, said: “The average cost of buying a home in the UK is up 1 per cent, or £2,857, on last month, [...]