A four-year growth cycle has emerged.
The most recent ‘UK Commercial Market in Minutes’ from Savills, has revealed that ‘all property’ capital value growth, for the month of September, was only 0.09%, just a quarter of the growth experienced in September 2017. Over the last few months, the annual growth year-on-year has begun to slow. The data suggests that a four-year peak-to-peak cycle exists, as the current growth cycle peaked in February this year, with previous peaks noted in October 2014 and in July 2010.
For full briefing click here. Property Market Review October 2018
FOUR-FIFTHS OF PROPERTIES ARE NOW SOLD BELOW ASKING PRICE.
If you’re thinking of selling your property this autumn, then it’s vital to get your house in tip-top condition and make sure you offer it for sale at the right price. With more properties now coming to the market, buyers have more choice. This means that homeowners need to put in a bit more work to make their property stand out from the crowd.
For full briefing click here. Your Home Finance Autumn 2018
DOES THE BUDGET SIGNAL AN END TO AUSTERITY?
Philip Hammond used his Autumn Budget Statement to declare: “the era of austerity is finally coming to an end”. However, while the Chancellor did certainly loosen the purse strings, his bold pronouncement may be a little premature.
For full briefing click here. Economic Review October 2018
Property demand continues to slip lower
The latest Royal Institution of Chartered Surveyors’ (RICS) ‘UK Residential Market Survey’, concludes that demand for property slipped lower for a second successive month in September. They attribute this fall in demand to a combination of factors, including a lack of stock, the interest rate rise, economic uncertainty and affordability constraints. At a national level, RICS believe that house prices have been relatively unchanged over the last five months.
For full briefing click here. Residential Property Review October 2018