UK Property News Recap – 29.11.2024
This week showed the ripple effect that ‘higher rates for longer’ is having on the market as a whole. Habits, investments and moves are all being revisited along with house price forecasts. First time buyers are keeping the home fires burning but only through necessity, leaving the rest of the
UK Property News Recap – 22.11.2024
This week was a tough week for all. Inflation increased along with rates which had a knock on effect on asking prices and first timers' hopes of escaping the rental market, where prices also rose. In the Labour camp, Rachel Reeves’s past creative skills got her in trouble, causing some
UK Property News Recap – 15.11.2024
This week prices were reported to have been on the rise, but with mortgage rates also increasing, any further growth looks set to be curtailed in the short term and restrained in the long term. For the many who hoped for a break from inflationary rates come the end of
UK Property News Recap – 08.11.2024
This week seesawed between emotional and financial highs and lows. Hopes were high for lower interest rates but despite a base rate trim, swap rates rose. Harris was top trumped by the Con-Mander-In-Chief causing ripples in the UK of further inflationary pressure from tariffs imposed. As a result, New Year
UK Property Recap – 01.11.2024
After weeks of planned leaks and endless speculation, the UK was finally spared further conjecture with the delivery of Chancellor Rachel Reeves’s historic budget. For buyers and sellers poised to make a move but conflicted about which direction to take, the budget reassured investors fearful of capital gains increases for
UK Property News Recap – 25.10.2024
This week, Q3 report cards for lender Lloyds, developer Barratt and Redrow, supplier Travis Perkins and estate agency Foxtons showed them all to be “working towards”, with the exception of Foxtons which “exceeded expectations.” Meanwhile first time buyers trying to work their way on to the ladder learned prices were
UK Property News Recap – 17.10.2024
This week, speculation around CGT increases was rife, confusing investors and causing landlords angst over whether to sell now or hold out. Some landlords, faced with EPC changes and new legislation, had already decided this was the final straw and downed tools. Others, undecided, remain poised, ready to act, depending
UK Property News Recap – 11.10.2024.
House prices grow, and generations divide. Developers' profits tumble as construction picks up while cladding works are put on the clock. Welcome to another UK Property News Recap - 11.10.2024. Halifax House Price Index September 2024 Coinciding with wage growth and rate trims, UK house prices tiptoed up +0.3% in September 2024
UK Property News Recap – 04.11.2024
This week was all about moving on, be it prices, sales or estate agencies. Rightmove spurned the Rea Group’s moves, expectant of other more endowed suitors to now follow and Andrew Bailey teased that 25 basis point cuts in November could be on the cards if inflation plays ball. Welcome
UK Property News Recap – 27.09.2024
This week saw many looking to make the “right’move, but pricing remains a contentious issue for some. As rate and lender options are amended to look more attractive, market activity increased but planning application data has yet to follow suit. Renters and landlords saw reform terms upgraded but still wait