UK Property News Recap- 30.08.2024
Labour’s plans to boost housing increased overall optimism among developers and lenders who’ve struggled to drum up business over August despite their various discounted offerings. Rayner's enthusiasm to release her new Taskforce on wayward planning councils is applaudable, but those who continue to live surrounded by cladding would prefer her
UK Property News Recap -23.08.2024
Falling rates lift market activity but prices remain seasonally sticky. Barratt waves away the CMA dismissively to bask in their future turnover glory after consuming Redrow. HMRC interrupted any “Capital” getaways booked by Property118 leaving landlords no time to “stamp” a postcard home. Curtailing any further summer frivolity, Rachel Reeves
UK Property News Recap – 16.08.2024
This week was all about growth. Inflation grew, but by less than predicted, which got the markets betting again. This time on two more base rate cuts this year, instead of one. GDP grew by 0.6% and house prices and rents also continued to edge up in various parts of
UK Property News Recap – 09. 08.2024
This week there was a largely consistent throughline: the once distressed market is quietly planning an end-of-year comeback that will carry through into 2025. Affordability remains stretched but recent rate trims and the base rate cut are encouraging buyers to look again. This is providing hope for sellers in need
UK Property News Recap – 02.08.2024
This week, half-yearly report cards from developer Taylor Wimpey and estate agent Foxtons showed Wimpey to be working below the expected level, and Foxtons working above the expected level. Angela Rayner laid out the government’s “plans” for future development, and Sir Michael Lyons was appointed head boy; his first task