Have prices peaked? - July 2022 Property Market Update | Property Hub
Channel: Property Hub
Date: 2022-07-07

Your July Market Update is here! 

It’s that time of the month! It’s market update time… and it’s a biggie! 

Rob & Rob have got a lot to cover, from the property boom and build-to-rent, to the best places to invest and the booming rental market (yes, it’s still booming!) and so much more! 

Don't forget to subscribe to The Property Podcast wherever you listen:
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Tune in and make sure you’re all caught up. All the links you need are just below:  
 
House Prices 

Latest Hometrack report: https://www.hometrack.com/wp-content/uploads/2022/07/UK-House-Price-May-working-HT-PZ.pdf 

Knight Frank revises up its house price forecast despite cost-of-living crisis: https://propertyindustryeye.com/knight-frank-revises-up-its-house-price-forecast-despite-cost-of-living-crisis/ 

‘Dash for property over’ as price growth slows – Nationwide: https://www.nationwidehousepriceindex.co.uk/reports/annual-house-price-growth-slows-in-june-but-remains-in-double-digits 

Property Boom 

Bank of England withdraws mortgage affordability test: https://www.reuters.com/world/uk/bank-england-withdraws-mortgage-affordability-test-2022-06-20/ 

No 10 considers 50-year mortgages that could pass down generations: https://www.theguardian.com/money/2022/jul/01/no-10-considers-50-year-mortgages-that-could-pass-down-generations 

Halifax lowers deposit needed for new build houses: https://ifamagazine.com/article/halifax-lowers-deposit-needed-for-new-build-houses/ 

Mortgages 

Average mortgage product fees fall on annual basis: Moneyfacts: https://www.mortgagestrategy.co.uk/news/average-mortgage-product-fees-fall-on-annual-basis-moneyfacts/ 

Rental Market 

A third of all new homes in London are build-to-rent: https://www.propertyreporter.co.uk/construction/a-third-of-all-new-homes-in-london-are-build-to-rent.html 

LATEST: 820,000 private rented households facing gap between benefits and rent: https://www.nrla.org.uk/news/renters-and-landlords-face-perfect-storm-as-benefit-freeze-bites 

Other 

Ground rents have gone: https://www.gov.uk/guidance/leasehold-reform-ground-rent-act-2022 

EXCLUSIVE: New guidance to make EPCs more accurate after 10-year wait: https://www.landlordzone.co.uk/news/latest-new-guidance-to-make-epcs-more-accurate-after-ten-year-wait/ 

How long does it take to move in 2022? : https://www.rightmove.co.uk/news/articles/property-news/how-long-does-it-take-to-move-in-2022/?utm_source=uknewsletter&utm_medium=email&utm_campaign=newsletterjun522&utm_content=movebychristmas 

Andrew Bailey faces Bank of England mutiny over staff pay rise: https://12ft.io/proxy?q=https%3A%2F%2Fwww.telegraph.co.uk%2Fbusiness%2F2022%2F06%2F27%2Fandrew-bailey-faces-bank-england-mutiny-staff-pay-rise%2F%3FWT.mc_id%3De_DM5765%26WT.tsrc%3Demail%26etype%3DEdi_Cit_New_v2%26utmsource%3Demail 

 
0:00 – Intro 
0:25 – House prices 
3:39 – Boom time? 
6:30 – Mortgages 
7:01 – Rental Market 
10:35 – In other news 
13:34 – And finally... 
14:54 - Outro 

#market #marketupdate #propertymarket 
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