Housepresso 19 Feb 23
It's official - Land Registry saying house prices are falling
The average house price in the UK is £294,329, average prices have increased by 9.8% or (£26,214) over the last year, but fell by 0.4% or £1,279 last month.
Charlie says house prices will fall by 35%
In this week's podcast, Daniel and I are joined by the homebuyer's advocate Charlie Lamdin. In this episode, we explore, discuss and debate Charlie's view that house prices will fall by 35% before they level out.
London house prices on the fence
The latest data from the Land Registry shows that the average house price in London rose by 0.03% or £188 to £543,100 in December 2022. However, house prices fell in 18 of the 34 London boroughs during December. However within the boroughs there were a lot of moving parts.
Purplebricks over and out?
Purplebricks issued a profit warning Friday morning and revealed that it has decided to conduct a strategic review. The term 'strategic review' is often used in the city as code for 'up for sale'. If this is the case, is this over and out from Purplebricks and will it seek to disrupt the banking market by offering to pay a fixed fee whether or not the bankers are able to sell the company?
Twindig Housing Market Index
In the week that saw house prices fall a little and Purplebricks share price fall a lot, and London house prices sitting on the fence, the Twindig Housing Market Index of housing market investor confidence fell by 2.3% to 75.5 this week.