REAP THE REWARDS OF FINANCIAL ADVICE
Those people who took financial advice between 2001 and 2007 had accumulated significantly more in liquid financial assets and pension wealth by 2012–14 than their peers who chose not to take professional advice, according to a report by the UK think-tank, the International Longevity Centre, produced in conjunction with insurers Royal London. The report demonstrated that those who receive financial advice are on average £40,000 better off than those who don’t.
For full briefing click here. Your Money Autumn 2017
Autumn Budget November 2017
In Philip Hammond’s first Autumn Budget, the second Budget of 2017, the Chancellor of the Exchequer promised that his Government would, “invest to secure a bright future for Britain”. Set amid a backdrop of political and economic constraints, and with Brexit negotiations at a critical phase, the Conservatives are under intense pressure. The abolition of stamp duty for most first-time buyers and an array of other housing measures were prominent announcements.
For full briefing click here. Autumn Budget 2017
Scottish and London commercial property “lag UK”
The Royal Institution of Chartered Surveyors (RICS) have reported in their most recent UK Commercial Market Survey, that in the third quarter of the year, occupier demand increased across the majority of the UK. The industrial sector was pinpointed as the main driver of improvement. Office space demand remained flat.
For full briefing click here. Property Market Review October 2017
UK ECONOMIC GROWTH STRONGER THAN EXPECTED
The UK economy has shown some signs of resilience posting a higher than expected growth rate during the third quarter of 2017. Official data published by the Office for National Statistics (ONS) suggests that gross domestic product (GDP) rose by 0.4% in the three months to September 2017. This preliminary third quarter estimate was higher than the 0.3% growth rates recorded during each of the first two quarters of this year. It was also 0.1% higher than the consensus forecast from a poll of city economists.
For full briefing click here. Economic Review October 2017
UK housing market continues to lack momentum.
In the UK Residential Market Survey of September, the Royal Institution of Chartered Surveyors summarise that the UK housing market continues to lack momentum. The slowdown is exacerbated by the combination of both new buyer demand and sales continuing to fall. As the market slows, the shift in interest rate expectations is contributing to buyer caution, with sentiment now flatter than at any point since the referendum
result last summer.
For full briefing click here. Residential Property Review October 2017