Video: Counting the cost

"Moving on to the next stage of the housing cycle"

27 August 2014, Words by Lucian Cook and Sophie Chick

 

In this issue of our video series, Lucian Cook and Sophie Chick give an overview of what the Residential Property Focus Q3 has to say, as well as discussing the total annual housing bill, change in interest rates, the impact of Mortgage Market Review, the rise of the suburbs and how prime central London is performing.

 

 

Total Annual Housing Bill

The distribution of how we spend the £142 billion on housing ourselves each year through mortgage payments and rent, is likely to change as interest rates rise.

Interest Rates

What areas will see the biggest impact from increased interest rates and how will this affect house price growth over the next 4 years?

Mortgage Market Review

The Mortgage Market Review has already begun to put the breaks on some of the fastest growing markets, but there are areas that have the potential for growth, and these will pick up pace.

Rise of the Suburbs

Prime central London, the previous leader in the market recovery, has begun to show signs of cooling off, while commuter towns have seen the strongest growth in the past six months.

 

 

Prime Central London

Prices in prime central London have slowed within the second quarter of 2014, further indication that the housing market has shifted into the next stage in the property cycle.

 

 

 
 

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