It will be a relief to the two million households with mortgages on variable rates, or with their fixed rates coming to an end by the end of this year that base rates have been held this month. However, we are not yet ‘out of the woods’. Inflation remains high, meaning that base rates are […]
The big news from last week was the scrapping of proposed Minimum Energy Efficiency Standards of EPC C+ for properties to be legally rented out from 2025/8. Rowbacks never look graceful, but in fact, this one makes a lot of sense. Anna joined Rod Turner on his podcast to talk about the scrapping of planned […]
One of the driving forces behind institutional investment from the likes of Aviva Investors and Legal & General is the potential scale and value of the PRS — it is worth £1.4tn today, 19 per cent of the UK’s £8tn housing market.
The vast majority of rental property owners (the term ‘landlords’ is understandably disliked by many in the sector, and seen as outdated) – 82% according to the English Landlord Survey – are non-professional, owning fewer than 5 rental properties. Since 1997, when buy to let mortgages became widely available, rental property owners have had a […]
Housing transactions were down 16% in the year to July 2023, to 86,510. This significant reduction in the volume of transactions reflects weaker confidence and demand. Transactions are down because higher interest rates make buying and owning property much less affordable, regardless of house prices. Up to 2 million property owners are facing double or […]
Feedspot has chosen Anna’s podcast as one of the Best 25 London Real Estate Podcasts!
Anna’s comments on the falling house prices were featured in The Telegraph. Read the full article here
The average house price was £285,044, down 2.4% according to Halifax. This price correction is partly a correction left by higher interest rates. Housing policy has focused on homeowners’ needs, and on debt to fund new supply, for a long time. With higher interest rates, price growth is being corrected. Socially, the most important component […]
Anna Clare Harper’s, “The Return: Property & Investment Podcast”, is listed in The Money Maze Podcast’s Top 20 Finance & Investment Podcasts for summer 2023 “Presented by Anna Harper since its inception in 2018, this podcast delves not only into the world of property but also explores the broader realms of business investment, management, and […]
House prices £285,861, representing growth in the year to May 2023 of 1.9%. This significant slowdown in growth is a direct result of increased interest rates, which have stretched housing affordability. Higher interest rates impact those who already own a property: many are facing double or triple their previous housing costs. It also impacts new […]
Anna Clare Harper talked about the impact of changing mortgage rates on GB News breakfast show (very early!) on Sunday. This is a huge and important topic. Some key points we covered include:– For c. 2 million households, housing costs are increasing by 2-3 x. This has enormous impacts on people’s well-being and ability to pay their […]
Full article Linked below, highlights include: – The environmental problem: 14%-18% of Greenhouse Gas Emissions come from homes – The social problem: 55.8% of households in fuel poverty – The legal problem: legislation that is proposed to tackle this would make 2/3 of our private rental homes illegal to rent out – What I learned from my Domestic Energy […]
On Tuesday the 6th of December, I chaired the first event of the Cambridge University Land Society (CULS) Residential Forum. We talked about the implications of the new Building Safety Act. The Act is designed to drive quality and has huge implications for everyone in real estate, and for our ability to come close to […]
House prices grew by 13.6% in the year to August, fuelled by shortage of supply and long-term growth in demand. This data is the most reliable of all house price indices since it reflects the whole of the market from official government figures. However, it’s also the slowest of the house price indices, and as […]
The problem of affordability: – Average house prices are more than 10 times average household incomes. This problem is at its worst in high-demand areas such as London, which have always been expensive. The problem of falling supply: – With 168 laws and regulations governing residential property and its management, small landlords are re-evaluating, with […]
Click here to listen in: https://www.youtube.com/watch?v=gUdjvLoinss
Anna’s advice to Mr and Mrs Edwards as featured in the Daily Telegraph: In the bank, this money will lose value to inflation. In stocks and shares, value can be eroded in the space of a day. Residential property, however, tends to hold and grow its value, making it an attractive investment option to protect […]
According to Halifax, house prices fell marginally by 0.1% in July to £293,221, meaning annual rate of growth of 11.8% (down from 12.5% the previous month). This rate of growth means that houses still made more (£31,021) than the average person, at c. £25,000. This slight cooldown will be welcome by those struggling with […]
I wrote a piece for the Financial Times recently on key trends and problems in the residential market, including:– Massive inequality between generations – a problem getting worse not better despite rhetoric and policy shifts– Flatlining real estate emissions – despite a lot of conversation and growing reporting/compliance requirements.Solving #housing market problems is no easy task. Arguably one of […]
