The Property Podcast April 2025 Market Update
Apr 3, 2025
This month, insiders reveal a crisis crippling the construction industry and its implications for investors. House prices show a subtle decline, contrasting with a rise in asking prices. Discover key details about the planning and infrastructure bill that could reshape housing development. Plus, the mortgage landscape is shifting with rates dropping but deals disappearing fast. In a surprising twist, only 5% of rental homes are affordable for benefit claimants. Enjoy a light-hearted chat about quirky Scottish politics while brewing coffee with an Aeropress!
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UK House Price Discrepancy
- UK house prices show mixed signals, with Halifax reporting a slight dip while Rightmove shows a significant rise in asking prices.
- This contrast suggests optimism among sellers despite a generally flat market sentiment.
Buyer's Market in the UK
- The UK property market is currently a buyer's market due to increased housing stock.
- This gives buyers more choices and bargaining power, likely keeping price growth in check.
Building Safety Act's Impact
- The Building Safety Act (Gateway) is hindering construction in the UK, causing developers to scale down projects to avoid complex regulations.
- This could lead to a future undersupply of apartments, driving up both purchase and rental prices.