Watch the video of this podcast here: https://youtube.com/live/kiOknTLfOfk
- 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
- 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
- Economy contracted 0.1% in May. No growth in GDP in 3 months. https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/may2023
- 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
- Time to exchange DROPS! Woohoo! https://thenegotiator.co.uk/surge-in-property-supply-sees-time-to-exchange-fall-to-115-days/
- Bonus Fact: BestAgent All Homes Index shows average asking rents falling slightly across the country https://bestagent.news/country/england/
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