{"componentChunkName":"component---src-templates-post-js","path":"/1-52m-home-sales-forecast/","result":{"data":{"ghostPost":{"id":"Ghost__Post__60ae18e6fcd600003bbc8730","title":"1.52m home sales forecast","slug":"1-52m-home-sales-forecast","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/05/Frame-100.png","excerpt":"Plus: financial institutions bad for climate, ASA bans Bitcoin ad, young people struggle with personal finance","custom_excerpt":"Plus: financial institutions bad for climate, ASA bans Bitcoin ad, young people struggle with personal finance","created_at_pretty":"26 May, 2021","published_at_pretty":"26 May, 2021","updated_at_pretty":"26 May, 2021","created_at":"2021-05-26T09:46:14.000+00:00","published_at":"2021-05-26T10:02:08.000+00:00","updated_at":"2021-05-26T13:15:56.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Home sale boom forecast\nZoopla is projecting 1.52m home sales in 2021 - a rise of 45% on 2020\n[https://www.theguardian.com/business/2021/may/26/value-of-uk-house-sales-forecast-to-leap-46-this-year-as-boom-continues]\n. They claim their forecast is based on the largest underlying data sample of\nany UK house price index. Last week the Office for National Statistics reported\nthat UK house prices had increased by 10.2% in a year. Demand for family houses\noutside of London is exerting upward pressure on prices.\n\nBanks bad for climate\nGreenpeace research suggests finance is one of the biggest contributors to\nclimate change\n[https://www.cityam.com/financial-services-industry-is-one-of-the-uks-biggest-contributors-to-climate-change/] \nin the UK. The report claims that if the City of London were a country, it would\nbe the ninth biggest emitter of CO2, ahead of Germany. Campaigners say without\nproper regulation, financial institutions are not required to align their\nactivities with the UK’s climate commitments. \n\nBitcoin ad banned\nThe Advertising Standards Authority has banned a high-profile campaign\n[https://www.theguardian.com/media/2021/may/26/time-to-buy-bitcoin-adverts-banned-uk-asa] \nthat featured heavily across London’s transport network, which ran with the\nstrapline “If you’re seeing Bitcoin on the underground, it’s time to buy”. The\nASA received complaints that the ads failed to illustrate the risks, and were\ntherefore misleading. The ban comes a week after Bitcoin prices plunged as much\nas 30% in a day.\n\nPersonal finance struggles\nA new study suggests that young people are more likely to use social media\nplatforms like TikTok and Instagram to access financial advice than go to a\nbank. Nearly half of 16-24 year olds wouldn’t say they were confident with\ntheir\nfinances\n[https://www.cityam.com/cash-clueless-nearly-half-of-brits-dont-know-what-an-overdraft-or-mortgage-is/]\n, and one in 10 claim to have no confidence at all. Just a fifth knew what an\noverdraft was, and only 5 per cent claimed to know the meaning of arrears.","html":"

Home sale boom forecast

Zoopla is projecting 1.52m home sales in 2021 - a rise of 45% on 2020. They claim their forecast is based on the largest underlying data sample of any UK house price index. Last week the Office for National Statistics reported that UK house prices had increased by 10.2% in a year. Demand for family houses outside of London is exerting upward pressure on prices.

Banks bad for climate

Greenpeace research suggests finance is one of the biggest contributors to climate change in the UK. The report claims that if the City of London were a country, it would be the ninth biggest emitter of CO2, ahead of Germany. Campaigners say without proper regulation, financial institutions are not required to align their activities with the UK’s climate commitments.

Bitcoin ad banned

The Advertising Standards Authority has banned a high-profile campaign that featured heavily across London’s transport network, which ran with the strapline “If you’re seeing Bitcoin on the underground, it’s time to buy”. The ASA received complaints that the ads failed to illustrate the risks, and were therefore misleading. The ban comes a week after Bitcoin prices plunged as much as 30% in a day.

Personal finance struggles

A new study suggests that young people are more likely to use social media platforms like TikTok and Instagram to access financial advice than go to a bank. Nearly half of 16-24 year olds wouldn’t say they were confident with their finances, and one in 10 claim to have no confidence at all. Just a fifth knew what an overdraft was, and only 5 per cent claimed to know the meaning of arrears.

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