Jump to content

UK property market ‘quieter than it was’


Recommended Posts

The squeeze on household budgets is causing a slowdown to the UK property market, but, according to Jeremy Leaf FRICS, the underlying ‘resilience to the market still seems to be there. As founder of Jeremy Leaf & Co estate agents, and also as former residential chairman of the RICS, Leaf remains confident that the market is holding up, for the time being, albeit at a slower rate.
 
The issues that have arisen are around the rise in base rates and affordability. Surveyors are re-valuing down some properties making it difficult for some to buy, but at the same time it’s clear that the mortgage market is buoyant albeit causing a bit of a bottleneck, currently.

 

 

 

IG Group.PNG

Link to comment

PROPETY PRICES

Go back 50-70 years the house prices were far more stable and if they rose then it was very slow, with a small rise. Houses were treated as places you live and not treated as a capital investment . Europe was even more stable for house prices.

Property companies and estate agents are the vested interests who encouraged the change in attitudes and of course the greed factor follows. Even governments has got in on the act by charging various taxes. Then again governments cannot think outside the box and create income streams from other means / sources other then taxes. That is the bigger problem for all, otherwise taxes could be reduced or eliminated on houses.

Renting investment is different. and expected.

 

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,169
    • Total Posts
      90,687
    • Total Members
      41,272
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    bengra
    Joined 27/01/23 12:46
  • Posts

    • USDJPY has been regaining ground this week, but inflation differentials and a three-month trend signal the potential for another turn lower Source: Bloomberg      Joshua Mahony | Senior Market Analyst, London | Publication date: Friday 27 January 2023  USDJPY set for third monthly decline The USDJPY pair has been on the slide since its October high, with the historical 147.63 resistance level ultimately marking the end of the dramatic 21-month rally that saw the pair gain almost 50%. Much of that came through a period that saw US inflation soar as Japanese prices remain subdued. That disparity remains, but the direction of travel has certainly shifted as US CPI declines and Japanese price growth gradually ticks up. The overnight 4.3% figure for Tokyo core CPI represents a four-decade high, with the nationwide figures likely to follow on. The chart below highlights how USDJPY has been heavily correlated with the now tightening gap between US and Japanese inflation. However, it is more evident when shifting that inflation differential forward by seven-months. That close correlation highlights the potential for further downside as long as prices continue to trend in a similar manner. Source: ProRealTime Looking at the daily chart, the recent rebound has taken price up towards the top-end of a descending channel and Fibonacci resistance. This highlights the bearish pattern that has been playing out, with lower highs and lower lows in place in recent months. Unless we see price rise through trendline and 134.77 resistance, another turn lower looks likely for this pair. Source: ProRealTime
    • @MongiIG Hi - You recently covered Long NICKEL Trading the Trend and A. Rudolf did this morning but I see it is Closing only. Please clarify, Thanks D600
    • At the expire date IG sell/buy price is 93.8/94.95 and Bloomberg price is 92.12 Assume I bought at 100.0 If I close the trade myself I lose (100-93.8) = 6.2 If the trade expires I lose (94.95-93.8) + (100-92.12) = 1.15 + 7.8 = 9.03 Is that right?    
×
×
  • Create New...