Episode Details

Watch the video of this podcast here: https://youtube.com/live/kiOknTLfOfk

1. RICS House Prices: “the national net balance fell to -46% in June, declining from a May figure of -30%”  https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/6._WEB_June_2023_RICS_UK_Residential_Market_Survey_tp.pdf 
2. Mortgage defaults in the three months to the end of May leapt to 30.9 on Bank of England index, up from 14 in the first quarter of 2023. https://news.sky.com/story/biggest-increase-in-mortgage-defaults-since-2009-survey-of-lenders-finds-12920424 
3. Economy contracted 0.1% in May. No growth in GDP in 3 months. https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/may2023 
4. Unemployment up to 4%. Vacancies down 24% on last year, 26% v pre-pandemic https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/employmentintheuk/july2023  
5. Time to exchange DROPS! Woohoo! https://thenegotiator.co.uk/surge-in-property-supply-sees-time-to-exchange-fall-to-115-days/ 
6. Bonus Fact: BestAgent All Homes Index shows average asking rents falling slightly across the country https://bestagent.news/country/england/  

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