Brexit has little impact on property lending
Although lower then the previous year, 2016 saw lending into the commercial property sector remain steady, according to the Commercial Property Lending Report from De Montford.
For full briefing click here. Property Market Review May 2017
BOE Governor Offers Cautious Quarterly Inflation Report
The Governor of the Bank of England, Mark Carney, delivered his Q1 2017 Quarterly Inflation Report in mid May, with several caveats as to the state of the UK economy. Whilst maintaining an overall positive stance regarding the growth in wages beyond 2017, he believes that they will only continue to rise if we see a ‘smooth’ withdrawal from the European Union.
For full briefing click here. Economic Review May 2017
Questions over new builds
There is little doubt that the introduction of the Help To Buy equity loan scheme by the Government back in 2013, considerably boosted the new-build sector for residential property in the UK. In 2016, the highest number of new homes were built since 2007. However, there have been some concerns regarding the loan to valuations attributed to some of these transactions in the past.
For full briefing click here Residential Property Review May 2017