At Rooms in Cardiff we aim to provide landlords, home owners and property investor’s detailed analysis of the property market in Cardiff, Wales and across the UK.
There has been a wealth of housing data released all hinting at which direction UK house prices are going over the next 12 months, but at Rooms in Cardiff we have been doing our own online research and wanted to share this with our readers.
Net Mortgage Lending Growth
The Bank of England (BoE) provides monthly data on UK net mortgage lending growth (NMLG). Historically this has proved a handy guide to house prices.
September 2012 saw UK NMLG remain at 1.1%. That compares with annual growth of 1.9% two years ago, 5.7% in December 2008 and 11.1% in February 2007. Meanwhile, the October Nationwide UK house price index was down by 0.9% year-on-year.
What does this mean for UK house prices?
As you can see from the above graph, this long-term collapse in NMLG suggests UK house prices are standing at the cliff face. If they follow net lending trends, residential property values could slump by over 15%.
Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:
Rooms to Rent in Cardiff £120 Fixed Fee Tenant Finder (No Tenant No Fee)
Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.
HMO Rent Guarantee No Void Periods & No Fees
You can contact Rooms in Cardiff via email info@RoomsInCardiff.co.uk
Telephone 0845 496 0000
or by completing the form below to arrange a call from one of our team.