|
 |
 |
|
|
Why House Price Surveys are Pointless By Simon Thompson |
|
|
|
|
|
|
|
In the fast-moving online world of instant access and gratification, the government is once again bringing up the rear by working on house price statistics that are months out of date.
The Communities and Local Government Department (CLG) ceremoniously releases house price statistics every month - but they are out of date.
The CLG has announced that the average UK home was worth £205,565 - in March.
Since then, the world has moved on. With a royal wedding, another Japanese earthquake, Manchester United winning a record 19th league title and another round of local government elections.
The CLG figures are based on Land Registry data - and the Land Registry releases its own house price index and average home price figures. Those for March - the same period as the CLG data - were released on May 5.
In fact, the Land Registry crows that its index is the most accurate and provides data sets to Acadametrics, another housing index, which released yet another set of figures based on the same information last week.
Granted these figures are only for England and Wales, when the CLG data covers the UK.
The next question is why does the interpretation of the data differ between the Land Registry - a government agency - and the CLG - a government department?
The CLG says average house prices UK house prices increased by 0.9% over the year and increased by 1.2% over the month.
The Land Registry says they went down by 1.1% from February to March and down 2.3% year-on-year.
The CLG average home price is £205,565 but £160,996 according to the Land Registry.
Banks and building societies - the Nationwide and Halifax- have already revealed their house price survey results for April.
With such wide margins and non-comparable sample data, as the lender’s information is based on their approved mortgage figures each month to customers - it’s obvious none of the studies are reliable.
No one lives in an ‘average’ home anyway, so the data provides no worthwhile information to anyone buying or selling a home.
|
|
|
|
 |
|
|
|
 |
 |
|
|
|
|
MPs call on Government to refund student rents |
|
An influential group of MPs is calling on the government to refund student
rents during the lockdown.
The call has been made by the All-Party Parliamentary Group on Students,
which includes peers and MPs from all political parties.
|
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
The most affordable universities for student rents revealed |
|
The most affordable student rents in the UK for those who are attending
university have been revealed.
According to one student accommodation platform, the most affordable
student rent is in the Liverpool L7 postcode.
This area is to home |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Landlords hit by eviction ban extension |
|
Landlords have been hit by a Government decision to extend its eviction ban
for another six weeks.
The move means that the bailiff ban in England is now being extended to 21
February - at the earliest.
Robert Jenrick, the housing |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Where property investors should head in 2021 |
|
If you want to know where property investors should be heading in 2021 for
the best opportunities, then a new survey reveals all.
According to property investors SevenCapital, the best
place for investment in 2021 is Birmingham.
< |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Rents hit a record high outside of London |
|
Strong demand from tenants has led to rents outside of London hitting a new
record high, new figures reveal.
And rental yields are also increasing in most regions monitored.
An analysis from Rightm |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Tenant demand hits record high |
|
Tenant demand hits record high
The number of tenants who have registered with letting agents for a home to
rent has reached a record high, a report reveals.
The Private Rented Sector Report for August from Arla Proper |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
Average rents rise by 2.1% in August |
|
With Covid-19 restrictions now being eased, landlords around the country
saw rents rise by an average of 2.1% in August.
According to the data from HomeLet, rents have risen by 1.5% compared with
August last year.
Rents in London |
|
|
|
|
|
 |
 |
 |
 |
|
|
|
|
More traffic, increased enquiries further developments |
|
It has been a challenging time for the student accommodation sector since
late March. Despite this it has been positive to see the sector responding
in innovative way.
40% increase in enquiries
Here at Accommodation for S |
|
|
|
|
|
 |
 |
View more
|
|
Are you an existing landlord?
Click here to log into your account
|
Are you new to AFS, click here to find out more information
|
|
|  |
|