UK residential real estate prices are on the upward move again, already pricing out many first-time buyers in the large capitals, particularly London. In September, average UK house prices rose to their fastest rate for two years as falling mortgage rates boosted buyer demand. The latest Nationwide House Price Index shows the average UK house price rose by 3.2% annually in September and by 0.7%, every month. The average UK...
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The 2023 residential real estate market bust is a story of two tales. The good news is that the drop in new home prices by a further 18% year over year, is making home ownership more affordable for the next generation of homeowners. But for existing homeowners who bought residential real estate in the early 20s, the peak of the bubble, the real estate market bust is unwelcome. The latter homeowners could be in negative equity,...
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The stars could be aligning for the mother of all real estate crashes. Since 2022 the Fed has been tightening, with rate hikes and quantitative tightening, reducing the size of its assets on its balance sheet to tackle inflation, which resulted in the crash of everything. More than ten trillion dollars of wealth has been slashed from the value of pension funds and investment portfolios since 2022, with stocks, bonds, and cryptos...
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The residential real estate market remains uncertain, particularly in metropolises, as the pandemic has spurred on a work from home trend, which has led to city dwellers seeking more space and greenery outside the capital. In the UK more people are moving out of big cities to smaller towns or more rural areas, in search of bigger houses, home offices, gardens, and greener surroundings. The home-working revolution is expected to...
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