PROPERTY PRICE CORRECTION COULD HURT BABY BOOMERS
Some experts are predicting that the residential property market is heading for a price correction, and while this spells good news for those would-be buyers who have all-but despaired of ever owning their own home, it could mean less cash in retirement for
the baby-boomer generation.
For full briefing click here Your Home Finance Autumn 2017
Scottish hotels attract overseas investors
Whilst some areas of the commercial property market are marking time post-Brexit, the Scottish hotels sector appears to be bucking the trend. Respected commercial and residential agents, Savills reveals that this particular market has attracted overseas investment of over £51m in the current year to date. This represents a six-fold increase on last year’s annual total of £7.8m. A large proportion of this investment has come from US investors, who have pumped over £35 million into hotel investment in Edinburgh so far this year. Indian investors also have shown increased interest with investment in the sector estimated at £8.3 million.
For full briefing click here. Property Market Review September 2017
HOW MUCH WILL YOUR SPENDING CHANGE IN RETIREMENT?
The simple answer is that some expenditure will go up, some will stay the same, and some will go down or disappear altogether. There’s a widely held view that you’ll need between half and two-thirds of your final salary, after tax, to maintain your lifestyle
For full briefing click here. Your Wealth Autumn 2017
Bank of England in rate rise hint
The Bank of England (BoE) has signalled that the UK’s first interest rate
hike in more than a decade may be fast approaching.
While the minutes of the latest Monetary Policy Committee (MPC)
meeting on 13 September showed a 7-2 majority in favour of keeping
rates on hold at 0.25%, they also included new guidance indicating
a readiness to increase rates in the coming months if price pressures
continue to grow as expected. BoE Governor, Mark Carney reinforced
this hawkish message saying the possibility of a rise in interest rates had
For full briefing click here.Economic Review September 2017
London property loses its leading price growth rate
The latest data released by The Land Registry, showed that contrary to historical precedent, London residential property over the past few months registered one of the slowest price growth rates in the country at 2.8% in the year to July 2017. This represents the eighth consecutive month that London property price growth has been below the national average.
For full briefing click here. Residential Property Review September 2017