Episode Details

Please copy and paste everything below and send to ANYONE who hasn't done their research on UK housing and how the economy will affect it.

HOUSE PRICES

UK House Prices Officially Falling in November 2022 (before mini budget effect fed through) WE STILL HAVEN’T YET SEEN the effect of Sep 2022 mini budget on House Prices
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/november2022

U.K. RICS House Price Balance survey at lowest since 2010
https://uk.investing.com/economic-calendar/rics-house-price-balance-264

Halifax Dec 2022 - Rate of annual growth slowed in all nations and regions during December
https://www.halifax.co.uk/assets/pdf/december-2022-house-price-index.pdf

Nationwide - House Prices fall for 4 consecutive months
https://www.nationwidehousepriceindex.co.uk/reports/annual-house-price-growth-continued-to-slow-sharply-as-2022-drew-to-a-close


MORTGAGES

Lenders reported that demand for secured lending for house purchase decreased in Q4, and was expected to decrease further in Q1.
https://www.bankofengland.co.uk/credit-conditions-survey/2022/2022-q4

Toughest time to get a mortgage in 15 years as banks brace for defaults
https://www.telegraph.co.uk/business/2023/01/19/toughest-time-get-mortgage-15-years-banks-brace-defaults/


NEW HOMES:

Barratt: Private reservations down from 0.79 (HY22) to 0.3 in December 22 - Down 78.6%
https://www.barrattdevelopments.co.uk/~/media/Files/B/Barratt-Developments/press-release/2023/barratt-developments-1h-fy23-trading-update-final.pdf

Persimmon: Private reservations of 0.83 for the year 2021, fell to 0.19 in Dec 2022 DOWN 77%
https://www.persimmonhomes.com/corporate/media/news/2023/trading-statement-110123/

Taylor Wimpey: 0.91 for full year 2021 fell to 0.68 for full 2022  - cancellation rate up 64% by Dec 2022.
https://www.taylorwimpey.co.uk/-/twdxmedia/files/head-office/corporate/reports-and-presentations/2023/tw---trading-statement-january-2023-final.pdf



ECONOMY

UK consumer mood slides back to near 50-year low - GfK
https://www.reuters.com/world/uk/uk-consumer-mood-slides-back-near-50-year-low-gfk-2023-01-20/

UK Retailer’s Worst Year Ever Caps Grim Outlook for Economy
https://www.bloomberg.com/news/articles/2023-01-20/uk-retail-sales-fall-unexpectedly-finishing-worst-year-on-record

Inflation - Target 2% - Currently 10.5% (yes ‘down’ from 10.7% ooooh!) - Even if halved, still highest since 1992
https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23

UK Wage growth v Inflation (worst in over 20 years)
https://www.statista.com/statistics/1272447/uk-wage-growth-vs-inflation/


EMPLOYMENT - Redundancies RISING, Job Vacancies FALLING

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/latest

Tech Sector Jobs Wipeout - over 100,000 jobs
https://www.bloomberg.com/news/articles/2023-01-20/google-cuts-add-to-tech-wipeout-that-s-claimed-over-100-000-jobs

Google lays off 6% of world workforce
https://www.reuters.com/business/google-parent-lay-off-12000-workers-memo-2023-01-20/

Microsoft to cut 10,000 jobs as spending slows
https://www.bbc.co.uk/news/technology-64317078



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