UK Property News Recap – 05.07.2024
This week the UK seemed to be treading water; property news and buyers held their breath, waiting for Friday to come around so the relentless soundbites and political point-scoring we’d been subjected to for the past six weeks would end. On Thursday, finally able to have our say, the nation
UK Property News Recap – 28.06.2024
This week rates thawed under the heat, developers faced a lot of heat and annual house pricing inflation took some heat. Construction company Sig’s profits couldn’t stand up against the base rate heat and Rightmove turned up the heat on the incoming government by demanding green incentives. Welcome to another
UK Property Recap – 21.06.2024
This week comprised a cacophony of sound bites that led to a disappointing yet somewhat predictable crescendo with the Bank of England holding the base rate at 5.25%. Politicians continued to attempt to outsing the other side with their repetitive policy choruses while house price indexes reflected on the past.
UK Property News Recap – 14.06.2024
This week, manifesto waving was in full force, with each party claiming theirs was bigger and better than the others. As each side tried to belittle the other, the media and the public tried to determine fact from fiction. Political promises that housing would be different with them gave developers
UK Property News Recap – 07.06.2024
This week, the “prime” league gained traction while the Home Builders Federation provided commentary on how to improve the game as Halifax & Propertymark revealed their statistics on the latest market movement. Developer Vestry made a significant signing to Blackstone Real Estate and Regis, and Bellway reserved more seats for
UK Property News Recap – 31.05.2024
This week the house prices indices competed for column inches. Unable to agree, they jostled for space with data for April and May 2024. Discontent with just this, Rightmove and Nationwide tried to settle pre-election slowdown nerves by showing past elections have had little to no effect on enquiries. Rightmove
UK Property News Recap – 24.05.2024
This week sellers flocked to market only to find buyers browsing. Confused by persistent base rate cut speculation that yo-yoed from June to August, and beyond, after inflation slowed but not at the rate hoped, buyers are taking their time to assess the stock on offer. The IMF provided
UK Property News Recap – 17.05.2024
This week played out like a game of Top Trumps, be it who was going to pay their mortgage for longer, who would do more for tenants, which country put up their interest rates the most, or who had the best legal advice when avoiding property tax. Welcome to another
UK Property News Recap – 10.05.2024
This week was centred around the impact the base rate is having. Housing targets have fallen short as developers stall delivery until borrowing is cheaper for both them and potential buyers. Hopes for an early base rate cut in May came and went, replacing new year optimism with scepticism as
UK Property News Recap – 03.05.2024
Topping and tailing this week, Zoopla and Nationwide released their house price indices. Rotten tomatoes voted Nottingham council as ‘rotten’ and Torridge ‘fresh’. Flats outshone houses, nimbys tried to stop the show, making it more costly for others to gain entry, and the lights failed due to the lack of