UK Property News Recap – 05.01.24
Welcome to another UK Property News Recap, your weekly catch up on the comings and goings within the sector. The New Year shows signs of hope for those remortgaging and buying as the January "rate" sales kick off. However the general direction of house prices remains mixed with some predicting
UK Property News Recap – 06.10.23
This week was largely dominated by HS2 and the absence of any real housing policy at the Conservative party conference. House prices took a further tumble along with the number of new homes under construction, leaving “advisory” targets abandoned in earmarked sites. Welcome to another UK property news recap. Average House
ONS House Price Index – how reliable is it?
The Office for National Statistics (ONS) house price index has long been relied upon as the most reliable of the indices when trying to decipher what house prices have actually been doing. This is due to it being the only index that doesn’t discriminate on how buyers paid, and includes
What does the Spring Budget mean for the UK housing market?
For many there wasn’t much “spring” in the Chancellor, Jeremy Hunt’s, Budget step, just a rather monotonous drawl about how the UK would “technically'' avoid a recession which conjured up an image of a 12 year old trying to be clever. So what does the Spring budget mean for the
How the mini budget affected house prices
How the mini budget affected house prices and the already shaky property market will be remembered as one of the most disastrous fiscal events of the 21st Century. The recent political chaos is reminiscent of a sketch from Fawlty Towers when a fire occurs in the hotel kitchen. Despite numerous attempts
Where will UK house prices settle?
UK house prices are reacting to the swing of the pandemic pendulum. The stamp duty holiday, low mortgage rates and lack of supply have had a knock on effect on average house prices, causing them to increase significantly over the past year. The issue is that in the past few
UK house prices increased by 8.6 percent – expect a ‘chain’ reaction
UK average house prices increased by 8.6 per cent in the year to February 2021, up 0.6 percent from January. Whilst sellers celebrate their homes going under offer in a day, they forget that they will now join the buying rabble. Any gains will, in most cases, be spent on any