High level of investment seen in Europe
In their recent European Commercial Property Outlook for Q3 2017, Knight Frank have revealed that European investment volumes for 2017 are set to exceed those of 2016. Their report highlighted that in the third quarter of 2017, €47.4bn was invested, which represents a 13% increase on the same quarter one year previously.
For full briefing click here. Property Market Review March 2018
MORE HOMEOWNERS MOVING UP THE HOUSING LADDER
Figures from Lloyds Bank show that in 2017 more than 370,000home movers progressed up the housing ladder and purchased their next property – the highest recorded figure for ten years. The only region to record a fall in the number moving up was Greater London.
For full briefing click here. Your Home Finance Spring 2018
MPC VOTE SUGGESTS RATE RISE IN MAY
Although interest rates were left on hold following the Monetary PolicyCommittee (MPC) meeting on 22 March, a split vote appears to havepaved the way for a rate hike at the next meeting in May.
For full briefing click here. Economic Review March 2018
Remortgages hit a nine-year high
In their recent mortgage trends update, UK Finance revealed that remortgages reached a nine-year high in January. In addition, both the number of home movers and first-time buyers increased, when compared with the same period last year.
For full briefing click here. Residential Property Review March 2018