RICs observations on the UK housing market
Over the past six months RICS’ monthly UK Residential Market Survey has demonstrated buyers’ and sellers' changing mind-set from complete dejection to mild hope. With many seemingly believing that the market was on course to stabilise, down from its ‘Pandemic High.’ This analysis is based on RICS surveyors’ assessment of the market
What is happening to London house prices?
What is happening to London house prices? With all the conflicting news and HPI indices it's hard to know what is actually happening to house prices in the capital. For a more detailed analysis of the central London property market, Lonres, whose data is provided by working professionals in the area,
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
Will the UK housing market crash in 2022?
Many wonder, some even hope, the UK housing market will crash in 2022. UK property prices over “The Pandemic Years” has seen seismic increases. In the 12 months to December property prices rose 10% in 2021 but will they continue to rise in 2022? Or will interest rates and the
UK Property Transactions Falter with the Withdrawal of the Stamp Duty Holiday
This week, HM Revenue & Customs figures showed a drop of 63 per cent in property transactions in comparison to the month of June. You don’t have to wear a deerstalker to know that this is related to the stamp duty holiday drawing to a close. From July 1st the
UK Mortgage Rates: Catch em while you can before inflation catches up
Now couldn’t be a better time to get a mortgage or remortgage. Lenders are competing for your business offering rock bottom rates on lending, making the motivation to move more appealing than the Stamp Duty Holiday! The only issue could be securing your onward purchase before these rates expire. If UK
Bidding wars in the UK
If you aren't competing, via a bidding war, on a property right now, my first thought would be, what’s wrong with it! Okay, not all UK property is sought after but whilst supply remains low and demand high, prepare to partake in a bidding war, as opposed not. Today's overheated
Bidding wars are rife as demand outstrips supply in the housing market but will all sales have been worth the battle?
The seesaw battle between supply and demand is long fought, but currently the UK housing market is buckling under the strain, desperate for reinforcements, as supply struggles to keep up. Last week saw Savills adjust their property forecast with an upward trajectory predicting Average UK house prices to rise +4 pc