Platinum-Based Catalysts Market Growth Outlook, Recent Developments, Innovative and Forecast by 2029

“While financial market conditions have settled, mortgage rates are taking longer to normalise and activity in the housing market has shown few signs of recovery. The number of available homes for sale is still well below long-term norms. Rightmove says it expects the full effect of affordability constraints and last year’s mortgage rate rises to hold back some segments of the market in the first half of the year.

  • The price retreated again but posted a higher low on 4 March, reaching $1,129.55 an ounce.
  • The three-month decline in annual house price inflation suggests buyers were already spooked by seven rises in the Bank of England Bank rate since December 2021.
  • Several of the UK’s leading house price indicators have reported a slowdown in the housing market towards the end of 2022.
  • Fears of Inflation and the strong US dollar have contributed to some heavy losses for platinum this year.

Those buying for the first time without the benefit of equity rises in an existing home, face a double-whammy of record prices and rising interest rates. Rightmove calculates that mortgage payments are now 20% (or £163) higher every month in June compared to the start of the year. The latest evidence of soaring property prices coincides with new inflation figures also published today which show that the cost of living was 9.4% higher in June compared to 12 months ago. The figures – which, unlike other house price indices, are based on completed sales data and not mortgage approvals or asking prices – put the average cost of a UK home at £283,000 in May. Average UK house prices fell in July 2022, their first drop in over a year, according to the latest property market data from Halifax, part of the Lloyds banking group, writes Andrew Michael. Regionally, the South West of England and Wales saw the joint strongest annual house price growth at a rate of 10.6% in the year to July this year.

October: Total value of homes in Britain ‘tops £9 trillion‘

A separate report from estate agents Hamptons, has found that a record proportion of UK homes are being bought by buyers without a home to sell. Halifax adds that average property prices have risen in value by £47, 568 over the past two years. Amanda Aumonier, head of mortgage operations at online mortgage broker Trussle, said that we are beginning to see “key indicators that a shrink in house prices is on the horizon”.

It added that the rise of the ‘power buyer’, those who have already sold their own homes, have cash in the bank, or are first-time buyers with a mortgage agreed, shows no signs of stopping. Average UK property prices reached another record high last month, according to Halifax. Zoopla said this was due to “soaring buyer demand as a result of the pandemic-led ‘search for space’ as well as the stamp duty holiday”.

But the latest figure masked considerable variations among the home nations. It suggests that those in a position to buy are keen to nail down a purchase in the face of rocketing rental costs and a continued desire to own their own home. “Still, with the cost of a home down on a quarterly basis, the underlying activity continues to indicate a general downward trend.

March: Halifax Still Seeing Annual Price Growth

Earlier this month, the Bank of England raised interest rates to 3%, the eighth hike in less than a year, to their highest level since 2008. The move – coming in the middle of a severe cost-of-living crisis – piled extra financial pressure on the UK’s two million households with variable rate mortgages. The average price developer jobs of a UK property coming to market this November fell by 1.1%, or £4,159, compared with the previous month, according to Rightmove, Andrew Michael writes. With a figure of 12.9%, Wales recorded the highest growth in the year to September, followed by Northern Ireland (10.7%), England (9.6%) and Scotland (7.3%).

October: Prices Down Three Months Running – Halifax

It was treble the price of gold only 15 years ago.What went wrong with this performance? Platinum is up year to date (March 17), but it has dropped in the last week after reaching its highest level in June 2021 due to concerns about the impact of the Russia-Ukraine war on supply. As you probably expect, mining for gold takes a long time – but it’s even more difficult if you’re seeking Platinum!

Its 12.7% year-to-date gain, as of 13 May, has outperformed gold, which has shed 3.75% over the same period. Halifax said the strongest regional growth over the past 12 months was recorded in Wales (12%), Northern Ireland (11.5%) and the north-west of England (11.5%). Rightmove estimated that the average number of available properties for sale per estate agency branch is now at a record low of 16. The firm said the average price of property coming to market in August dipped by £1,076, a decrease of 0.3%.

The UK average house price for September 2021 was a record high of £270,000, up from £263,000 in August 2021 and £242,000 a year previously. September’s figure is £6,000 higher than the previous record seen in June 2021. Figures out today from the Office for National Statistics reveal that average UK house prices soared by 11.8% in the year to September, with demand fuelled by the end of the tapered Stamp Duty holiday in England. The new figures are according to HMRC’s latest monthly data which estimates property transactions on homes worth over £40,000 (where stamp duty usually becomes payable). “While consumer confidence stabilised in November, sentiment remains well below the levels seen during the summer, partly as a result of a sharp increase in the cost of living.

UPDATE 15 July 2021 – ONS UK House Price Index

Rightmove explained that the slight cooling was mainly driven by a 0.8% fall in the price of upper-end, four-bedroom-plus properties, a result of the tapered stamp duty holiday which comes to an end next month. House asking prices fell for the first time in 2021, according to the latest data from property portal Rightmove. UK monthly property transactions fell dramatically in July 2021, with seasonally adjusted transactions for July standing at 73,740, a 62.8% drop compared with the figure reported in June, according to the latest data from HMRC. Elsewhere, the building society is offering a 75% LTV deal at 1.00% with a £1,499 fee and a two-year fix for first-time buyers holding a 5% deposit at 2.99% (down from 3.24%) subject to a £1,499 fee. July’s house price fall coincided with the start of a tapering to the UK government’s Stamp Duty holiday incentive. Despite the month-on-month decline, the ONS said that average prices in July were up overall by around 8%, or £19,000, compared with a year earlier.

December: Halifax: House Prices Continue On Relentless Upward Climb In November

Richard Donnell, executive director of research at Zoopla, said that the ongoing impact of the Covid-19 pandemic provided the opportunity for flexible working and continued to support a desire to move amongst homebuyers. Halifax said that price gains for larger properties are noticeably outpacing those for lower homes. The price of a detached house has jumped by 15.1%, the equivalent of £60,860, over the past year, compared to a rise donchian channel metatrader 4 of just 7.7% (£11,962) for flats. According to Nationwide, around 85% of mortgages are fixed rate deals, meaning borrowers are shielded from rate increases in the short term. “However, the slowdown to date has been modest, and combined with a shortage of stock on the market, has meant that price growth has remained firm. “Firstly there is the considerable hit to people’s incomes from the cost-of-living squeeze,” said Ms Kinnaird.

The UK property market faces an “acute shortage” of homes for sale, after a record number of transactions to beat changes to the temporary stamp duty regime used up available stock, according to the property portal Zoopla. House prices rose by 2.1% in August, the second largest month-on-month gain in 15 years, despite predictions that the recent scaling back of stamp duty reliefs would subdue demand in the UK’s property market. At a regional level, Wales recorded the highest house price growth at 9.8% over the past year to August, followed by Northern Ireland (8.4%).

“Prices are falling more in southern England where higher mortgage rates have priced more people out of the housing market, weakening demand. While UK house prices are 0.1% higher over the year,  it is the number of sales that have been hit hardest by higher borrowing costs, especially amongst mortgage reliant buyers. Data from the property portal showed that average house prices in April hit £250,200, marking an annual inflation rate of 8.4% compared to 9% in March.

June: Govt Extends Right To Buy To Housing Association Tenants

However, conditions began to improve in 2021–2022, which is expected to boost market growth during the forecast period. In 2022, demand is predicted to increase by 7%, or 520,000 ounces, while supply is expected to decrease by 1% or 61,000 ounces. The automotive industry’s demand is expected to increase by 509,000 ounces or 19 percent but will be constrained by the current semiconductor shortfall. The demand for jewelry is predicted to remain stable, with a small increase of 25,000 ounces. With glass and chemical plant construction slowing after a record year in 2021, industrial demand is predicted to fall by 387,000 ounces or 15%.

The combination of the RSI and the Stochastic provides the best performance among oscillators. With a recovery in the economy, the demand for platinum most valuable companies jewelry will also pick up. China, the largest platinum market for jewelry, the platinum projected growth has a lot of potential in the coming years.

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