https://www.youtube.com/watch?v=a0f_D4gMDz4
#housingmarket #uknews #economy Fears are growing that Britain's housing market will crash. With the Bank of England's base rate expected to hit 6 per cent b

https://www.economist.com/britain/2023/01/19/britain-is-well-placed-to-cope-with-a-downturn-in-the-housing-market
Even the best deals on offer would see the couple's monthly housing bill increase by £300 ($370), over 25% more than they pay now. "It's a bit grim," she says. According to data from the

https://www.ft.com/content/05f54b38-655a-409a-a1a1-5c6aeac82bba
The housing affordability ratio for England — the relationship between median house prices and median salaries — was 8.26 in 2023, down from 8.47 in 2022 and well below the pandemic peak of 9.

https://www.economist.com/finance-and-economics/2024/06/16/why-house-prices-are-surging-once-again
Three further factors may explain why house prices are once again rising: immigration, sacrifices by mortgage-holders and the strength of the economy. Take immigration first. The rich world's

https://www.ft.com/content/8dd4d1f5-b943-4a0c-98e4-254871b69427
But recent data suggests a recovery is on the way. Agreed sales in the first six weeks of this year are 16 per cent higher than the same period in 2023, according to property portal Rightmove

https://www.economist.com/britain/2022/10/06/britains-mortgage-market-is-adjusting-to-higher-interest-rates
On January 31st the average rate on new mortgages was 1.59%; by August 31st that had risen to 2.56%. But recent increases have been much faster. Between September 1 st and October 3rd expectations

https://www.knightfrank.com/research/article/2021-05-26-five-reasons-why-the-uk-housing-market-isnt-vulnerable-to-rising-interest-rates-for-now
1. Lenders could absorb a rise in interest rates. Banks increased their margins in 2020 in response to heightened economic risks. The difference between the base rate and the rate on mortgage products - also known as the spread - is well above pre-pandemic norms.

https://www.bloomberg.com/news/newsletters/2023-10-30/three-charts-that-explain-the-uk-housing-market
Mid-day markets. Looking at wider markets — the FTSE 100 is up around 0.7% at 7,340. Gold is down around 0.5% at $1,995 an ounce, and oil (as measured by Brent crude) is down around 1.2% at $89.

https://iea.org.uk/britains-housing-crisis-still-the-single-biggest-driver-of-poverty/
The housing crisis is a major reason for that. Pumping more money into the welfare system without addressing the housing crisis is the equivalent of turning up the heating in a building where all the windows are wide open. The housing crisis drives up poverty in a variety of ways. I'll mention four of them.

https://www.bbc.com/news/uk-58747051
More than 4.5 million people own leasehold properties in England and increased ground rents and service charges have left many of them out of pocket. From 2022, the government wants owners of new

https://www.knightfrank.com/research/article/2024-04-15-slow-recovery-for-uk-housing-market-as-it-awaits-political-and-economic-clarity
Strong US inflation figures sent the UK five-year swap rate above 4.3% last week, which is clearly not good news for anyone hoping to agree a mortgage starting with a '3' any time soon. The fact a wave of borrowers are rolling off sub-2% fixed-rate mortgages agreed at the start of 2022 is adding to the financial pressures in the system, as

https://www.bloomberg.com/graphics/2024-uk-housing-crisis/
Average house prices across the UK have soared almost 70% since the Conservatives took office in 2010. That has priced many younger Britons out of the market and made housing a top-four issue for

https://www.cambridge.org/core/journals/national-institute-economic-review/article/commentary-uk-housing-market-problems-and-policies/9E2FF7E915E6FB88A56A0D479C5EA522
A second priority for a better housing market is an effective housing finance system. Housing finance is simple in theory, but difficult in practice. In theory, young households want a long-term loan to fund the purchase of a long-term asset. Middle-age and older households are looking for safe long-term assets to invest in for their retirement.

https://www.economicshelp.org/blog/8733/housing/uk-house-prices-high/
UK Households projected to grow from 27.3 million in 2017. to 31.6 million in 2039. (4.3 million increase) A very simple economic truth: if demand increases faster than supply then prices will rise. Despite some short-term fluctuations, demand for housing has been rising at a faster rate than the supply.

https://www.economicsobservatory.com/update-what-next-for-the-uk-housing-market
The UK housing market has remained relatively strong throughout 2022. So too have house prices, although this growth has eased recently due to the economic turmoil that has emerged as a result of higher inflation and the worsening cost of living crisis. The latest Halifax House Price Index (for August 2022) shows that house prices increased by

https://ifs.org.uk/journals/housing-market-united-kingdom-effects-house-price-volatility-households
This paper describes the economics of the housing market and explains why house prices are likely to be more volatile than prices in other markets. It illustrates the volatility of house prices relative to some other key economic variables in the UK.

https://www.independent.co.uk/news/business/uk-housing-market-property-prices-b1872740.html
The average sale price of a home in England jumped 10.2 per cent in a year from the start of the pandemic in March 2020.. Experts have suggested that the latest data indicates some early signs the

https://www.economicsobservatory.com/whats-been-happening-in-the-uks-housing-market-in-the-first-half-of-2023
House price growth has stalled as a result. The average house price was £286,532 in April, according to the latest Halifax House Price Index - for May 2023. This is 1% lower than the average house price a year earlier. This is the first annual fall in house prices since 2012.

https://www.dailymotion.com/video/x8mqip4
Watch Economist explains why the UK's housing market as we know it is over - inews on Dailymotion ... Log in Sign up. Watch fullscreen. Economist explains why the UK's housing market as we know it is over. inews. Follow Like Favourite Share. Add to playlist. Report. 11 months ago; ... Bank of America Economists Say Housing Market More Similar

https://www.economicsobservatory.com/how-can-we-tackle-the-uks-housing-crisis
Critically, over that period, as home prices and housing costs rose, the income shares of the top 10% and bottom 50% diverged. This helps to explain why the proportion of all income (including housing benefit) now spent on housing outlays by the poorest quarter of households is four times as high as that spent by the top 25%.

https://www.economist.com/britain/2017/02/09/britains-housing-market-is-broken-but-not-in-the-ways-that-the-government-thinks
Britain's housing market is broken—but not in the ways that the government thinks. Following this white paper there have been around 200 housing initiatives since 2010. Feb 9th 2017. IN 2015

https://moneyweek.com/investments/property/house-prices/604937/it-may-not-look-like-it-but-the-uk-housing-market-is
Recent house price statistics show UK house prices rising. But John Stepek explains why the market is in fact slowing down and what this means for you. Nationwide says that prices in May went up

https://www.nytimes.com/2024/06/20/business/economy/housing-market-explained.html
Rather, economists and industry experts say understanding the housing market requires looking at an array of data shedding light on different pieces of the puzzle. 1. It's hard to find a home to

https://finance.yahoo.com/news/housing-market-won-t-come-134603016.html
The economists cited a "one-time shift" in demand duringThe economists said they predict home prices will rise by about 4.5% in 2024 and 5% in 2025, then fall back to 0.5% in 2026 due to the

https://www.euronews.com/business/2024/06/25/uk-property-market-the-changing-face-of-the-rental-market
Looking at the rental market since 1980, there has been significant shifts over the past four decades. In the early 1980s, social renting was predominant, accounting for over 30% of the housing stock.

https://neweconomics.org/2024/06/the-foundations-of-the-housing-crisis
The economic model that underpins the development of places and homes in the UK is fundamentally broken. It serves to extract value that is collectively created through the economic life of these places for the benefit of relatively few private owners. In doing so, it reinforces the stark income and wealth inequalities in the wider economy.

https://www.ft.com/content/81035b28-400a-4fb7-be9e-2a8753b72238
The last time Unhedged took a look at the US housing market, back in March, we wrote that. The housing market has been stuck, and it's still stuck . . . given the current economic set-up [the

https://www.economist.com/britain/2019/07/20/wobbles-in-britains-housing-market-may-augur-something-worse
A weak housing market comes at a bad time. Survey data suggest that GDP did not grow in the second quarter of 2019, one reason why sterling has been sliding (see Finance section). Some economists

https://news.sky.com/story/money-blog-personal-finance-mortgage-rate-shopping-sky-news-13040934
Welcome to the Money blog, your place for personal finance and consumer news and tips. Enjoy our Weekend Money content below and we'll be back with live updates on Monday. Let us know your

https://news.sky.com/story/election-2024-poll-sunak-starmer-debate-conservatives-labour-reform-lib-dem-12593360
Thank you for joining us in the Politics Hub for live coverage of today's events in the general election campaign. Polls open in 5 days and 8 hours - and the politicians will be spending every