What's really going on with UK house prices? Working through the data behind the headlines with property expert Eyeedul Haque #129

Heath, Wealth & Wisdom with Nicole Bremner

EP129: "We are in a very interesting time. On one side, we have the Chancellor trying to encourage house sales with fiscal stimulus. And on the other, we have the Bank of England using monetary policies to control lending. What makes the decision of when to invest more interesting is exchange rates."
In the first of a new monthly series I met with Eyeedul Haque of My Property Consultant for a live discussion on the UK house prices. Each month Eyeedul puts together a tracker plotting the changes in the major house price indicators. On one page you can see the latest data from the Halifax, Nationwide, ONS and others.
Live on my LinkedIn, Facebook and YouTube, we discussed:
- The indicators, what they are and whether they're leading, lagging or real time
- What September's indicators are, well, indicating
- Recent changes in the Truss government's mini-budget including SDLT and tax rates
- Recent interest rate increases and how they will impact house prices
- Making sense of the current turbulent economic environment and how this might impact house prices
- The ultimate problem with house prices - supply and demand.
Thanks to those who joined us live for some great questions on SDLT surcharges, the difference between house and flat values and what might spark a national house price collapse. Eyeedul very bravely put out a prediction. Let's see next month if he's correct or will need to take a U turn on his call.
"We've had amazing news in the last few weeks. We had interest rates go up again last week... We then had the mini-budget with the changes to stamp duty...to come into play. There's a third element with the pound taking the biggest fall in 37 years against the US dollar. All these moving parts make it an interesting conversation around when is the right time to invest."
Follow Nicole on LinkedIn to be notified of the next live discussion: www.linkedin.com/in/nicolebremner
You can follow Eyeedul on Instagram @eyeedul_mypropertyconsultant or website https://myproperty-consultant.london/

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Disclaimer: The views and opinions expressed in this podcast belong solely to the host and guest speakers. The view and opinions of the guest speakers do not represent that of the host. Always do your own research.