Guido Filippa’s Post

🏡 UK House Prices Show Resilience in August 🏡 In August 2024, UK house prices dipped by 0.2% month-on-month, but the annual growth rate edged higher to 2.4%, the fastest since December 2022. However, prices remain around 3% below the peak from summer 2022. 📉 Nationwide's Chief Economist Robert Gardner notes that while growth remains subdued, the housing market shows resilience in the face of high interest rates. Energy efficiency is becoming increasingly important, with A/B-rated homes attracting a 2.8% premium compared to similar properties D-rated, reflecting the growing focus on sustainability. 🌱 As the economy recovers, a gradual easing of affordability constraints is expected, potentially boosting market activity. Read more --> https://lnkd.in/eFiXy6SA #UKHousingMarket #HousePrices #Pauzible

#EU: Annual deflated (real) house prices, rates of change 2023 and #Greece 2010-2023(%): Eurostat #Hellas: 2010: -4.3% 2011: -8.2% 2012: -12.5% 2013: -9.3% 2014: -5.2% 2015: -3.8% 2016: -1.5% 2017: -1.4% 2018: +1,7% 2019: +7.2% 2020: +5.7% 2021: +6.5% 2022: +5.2% 2023: +8.4% The deflated house price index (or real house price index) is the ratio between the house price index (HPI) and the national accounts deflator for private final consumption expenditure (households and non-profit institutions serving households (NPISHs). This indicator therefore measures inflation in the house market relative to inflation in the final consumption expenditure of households and NPISHs. Eurostat HPI captures price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both new and existing, independently of their final use and their previous owners. Only market prices are considered, self-build dwellings are therefore excluded. The land component is included. #Eurozone #residential #housing #property #realestate #houseprices #Ελλάδα #ακίνητα #κατοικία

🏠 As the housing market in the European Union faces challenges amidst reduced purchasing power and fluctuating interest rates, it's crucial to examine the contrasting trends across member states. 📉 While countries like Germany experienced a notable decline in house prices, Portugal stands out with a remarkable 7.6% increase. What sets Portugal apart? According to idealista, the connection between the real estate and credit markets may be less pronounced due to a significant portion of the population owning their homes outright. 🚀 Despite warnings from the European Commission about overvalued house prices in Portugal, DBRS agency suggests a different outlook. With factors like chronic housing shortages, low unemployment rates, and increasing net migration, DBRS analysts argue against the existence of a housing bubble in Portugal. Instead, they foresee prices reaching a "ceiling" rather than facing an abrupt drop. 🔍 However, DBRS acknowledges the potential for shifts in price dynamics, contingent on factors such as inflation control, interest rate stabilization, and economic conditions in the Eurozone. Additionally, changes in tax incentives for foreigners could alleviate pressure on the housing market, potentially reducing external demand for Portuguese properties. 📈 Keeping a close watch on these evolving dynamics is crucial for both buyers and sellers in the Portuguese real estate market, as they navigate through a landscape shaped by both domestic and international factors. Read more: https://lnkd.in/d6WFpYYu #RealEstate #Portugal #HousingMarket #EU #PropertyInvestment

Unlike the sharp decline in real estate prices in many EU countries in 2024 (up to -8% in Germany), housing prices in Spain increased by 4.5% in 2023. Alongside certain Eastern and Southern European countires, Spain is at the forefront, sustaining solid GDP growth and housing prices, making it an appealing market for investors. Although our base assumptions are to perform in a stable to decreasing real estate environment, a healthy and robust Spanish real estate market is very positive for Spanish Residential Property Opportunities Fund (SRPO) #InvestmentOpportunities #alternative  #investments  #uncorrelated  #Spain #property ASCOT INVESTMENTS https://lnkd.in/eDMiqzyr

Our housing markets have been remarkably resilient over the last year, despite high interest rates even though the RBA didn’t drop interest rates this year, as many expected. With inflation falling faster than expected, there is now the anticipation of rate drops early next year and it seems that the gloom that descended on Australian consumers 2 ½ years ago is finally showing signs of lifting. What does this mean for our economy and housing markets? That’s exactly what Pete Wargent and I discussed in today’s show. We also explore government policies' impact on property investment and analyze demographic trends affecting housing demand. The conversation also touches on the challenges within the construction sector and the outlook for property investment in Australia, particularly in light of immigration and economic predictions for 2025. https://lnkd.in/gQjvPkkb

Recent data on the U.S. housing market suggests it is starting to recover. Relevant government policies are also conducive to market stability. With the gradual recovery of the economy, the adjustment of home purchase demand and the government's supportive policies, the market will usher in new growth opportunities.

🏠💼 Despite falling demand, Spain's house prices continue to rise, presenting both challenges and opportunities for real estate investors. Diversify across regions to mitigate risk and capitalize on pockets of growth. Take a long-term view, focusing on the enduring value of property investments. Seek value-added opportunities through renovations and strategic positioning. Partner with experienced real estate professionals for tailored guidance. Despite market fluctuations, Spain's real estate market remains resilient. Let's navigate these dynamics together for optimal investment outcomes. #RealEstateInvestment #SpainProperty #MarketInsights

🏠 UK House Price Growth Takes a Dip: What's Behind the Shift? The UK housing market is experiencing a slight slowdown in growth. According to Nationwide, average property costs fell by 0.4% last month compared to March, resulting in an annual growth rate of 0.6% instead of the expected 1.6%. So, what's causing this dip? Economists had predicted a 0.2% month-on-month growth, but the reality is different. Nationwide's report points to "ongoing affordability pressures" and the rise in longer-term interest rates in recent months, which have reversed the significant drop seen earlier this year. #UKhousingmarket #housepricegrowth #economy #realestate

UK landlords are seeing a surge in tenant demand as fewer properties are available in the private rented sector. With the average UK rent climbing by 7.2%, the market is feeling the squeeze. Learn more about the trends driving up rents and the challenges for both tenants and landlords. #UKRentals #propertymarket #tenantdemand #housingcrisis https://lnkd.in/gNBrThjP

Okay, the govt is trying to shore up the market extremely indirectly with the 'latest' announcement. I used 'latest' in quotes because this policy decision has been announced for a year already. "The latest moves made over the past week include an official notice to upgrade old communities, which is expected to optimise land use and drive construction, and a meeting by the central bank to fast-forward the refinancing of low-income housing, in an attempt to absorb inventory." Okay, I am not sure if the last two words make sense. The current property overhand which is the excess inventory are high-income housing, overpriced high income housing. Overpriced by 30% high income housing (by some market measures). If you convert high income housing to low income housing someone has to take a haircut. If you are going to convert unused land into low income housing - this a) adds to the inventory, and b) the houses will not come on stream until later and c) the monies earned from downpayment is probably not enough to cover the cash demands of the developers. And it does not help increase homeowners' desire to buy the current high-end apartments when the govt is trying to increase the low end apartment inventory.