Extra! Extra!

The M2P Weekly 23, Jun 2024 (Issue #1)

Hello! And welcome to the first of Married2Property’s new Newsletter. These short, sharp items will include topics and items of interest for current or aspiring property investors, as well as partner organisations that we work with and those who may want to support our work. We initially plan for them to come out at midday every Sunday. The format may change slightly over the next few months as we learn what works and what doesn’t. So… without further ado;

Vision

M2P aim to use property for social good. For us, this means working with organisations like Housing Associations, Charities and Councils to house more people who have a special housing need for whatever reason – helping them to keep control of their lives.

In support of this, we from time to time work with social impact investors, and offer home sellers fast, reliable property sales – completing in an average of just 28 days, and charging zero fees. Free valuation here.

Property Market

No BoE Base Rate reduction this week. Note: as expected due to the upcoming election and (possibly) the BoE wanting to see more evidence of true inflationary stability.
The UK housing market remains steady despite election uncertainty, though high-end sellers are hesitant. Average prices dropped by £21 (!) to £375,110 from last month. Buyer demand is up 5% from last year, despite slightly higher average mortgage rates from Jan (4.94% to 5.05%). Note: In our opinion, due to the balance of down/up pressures, the market is likely to remain relatively flat for the remainder of this year, before rising significantly late in the year and into 2025.
Rental growth is stabilising, says Hamptons. In May 2024, newly let homes in Great Britain averaged £1,337 pcm, a 6.3% increase from last year. Renewal rents rose 8.8% year-on-year. London’s rental growth slowed to 3.9%, with Inner London rents falling annually. Smaller homes saw larger rent rises due to affordability challenges.
The Resolution Foundation warns political parties’ housing targets will be difficult to meet post 4th July 24. Housing is a top concern for 23% of voters, up from 11% in 2020. Homeownership among young people has drastically fallen. Both major parties pledge ambitious housing goals and energy efficiency improvements, but funding challenges persist. Note: The government have NEVER met their annual housebuilding targets – ever – since they had targets… this, as well as planning and development restrictions, net migration, changing lifestyles (e.g. more people living alone) and general population growth, is one of the reasons why house prices continue to rise.
Inflationary growth has dropped back down to 2%. Hurrah. So crack out the Champagne (if you can still afford it).

Did You Know?

Housing Cooperatives are on the rise in the UK – these allow the tenants more control over how their building is run and usually more stable rents – all whilst still giving owners a worthwhile return.

Why you should care about Housing Associations, Councils and Housing Charities

Alleviating Homelessness
Enhancing Community Stability
Helping to equalise social opportunities

How you can Support

If you know anyone who may be interested in receiving these posts, please pass on this message to them. They can subscribe here:

Follow us here:

From next week, the previous 7 day’s posts will be shown here…

Song of the week (i.e what’s keep me going): 🎵 Say Yes to Heaven (Anyma Remix) 🎵

And Finally… I’ve always wondered what surveyors were doing when they write that line “ceilings inspected from floor level” on their reports, haven’t you?…

Who are Married2Property?
M2P are a family-run property company who aim to use property for social good – including providing properties for Councils, Housing Associations and Charities – to support the homeless, Veterans and abuse victims, amongst others.