‘Flexible’ Retirement Could Mean Working Into Your Late 70s
A recent report shows that those who are planning a ‘flexible’ retirement, reducing their working hours in their later years and topping up their earnings with pension income, could have to work on into their late 70s or even later to achieve a good standard of living.
For full briefing click here. Your Money Summer 2017
Capital values increase across the UK
The latest monthly report from CBRE, the commercial property and real estate services adviser, shows that, despite the announcement in April of a snap general election, capital values across the UK’s commercial property market increased 0.4% in May. Central London office space helped elevate the national average. The office sector saw capital values increase by 0.6% on average in May. This can be mainly attributed to the rise in values of West End and Mid Town offices, where capital values increased 1.1%, month on month.
For full briefing click here. Property Market Review June 2017
Bank of England Reins in Bank Lending
In late June, Mark Carney, the Governor of the Bank of England (BoE), voiced his concerns over the extent of consumer borrowing in the UK. In their half-yearly ‘Financial Stability Report’, the Bank’s Financial Policy Committee (FPC) outlined that lenders had become complacent regarding their lending policies, stating that: “Lenders may be placing undue weight on the recent performance of loans in benign conditions.”
For full briefing click here. Economic Review June 2017
“Wait and see” attitude for buyers and sellers
The latest RICS (Royal Institution of Chartered Surveyors) UK Residential Market Survey indicates a decline in new buyer enquires, new instructions and agreed sales, in May. In addition, the survey deduced that national price growth eased and is expected to slow further over the summer.
For full briefing click here. Residential Property Review June 2017