Economic Review April 2019

STOCKPILING BOOSTS UK ECONOMY

The UK economy grew more strongly than expected in February as ‘pre-Bexit’ stockpiling provided a boost to the monthly rate of economic growth. Official gross domestic product (GDP) data released by the Office for National Statistics (ONS) has revealed that the economy expanded by 0.2% in February.

For full briefing click here. Economic Review April 2019

Property Market Review March 2019

Commerical construction declines at the start of the year

The latest ‘IHS Markit’s Purchasing Managers’ Index’, reports that commerical building work in the UK has fallen for two consecutive months, ending ten months of expansion. This tailing off in construction output was led by falling demand from businesses, forcing the reduction in civil engineering and commerical property work, negatively impacting the sector.

For full briefing click here. Property Market Review March 2019

 

 

Your Home Finance Spring 2019

FIRST-TIME BUYERS KEEPING THE MARKET BUOYANT

The recent slowdown in the market has been good news for those who want to get into the housing market and make that all-important first purchase.

Whilst the number of current owners moving home has come to a virtual standstill, due in part to the uncertainties surrounding Brexit, the number of first-timers has increased. Analysis by Lloyds Bank2 shows that 372,100 first-time buyers entered the market in 2018, up by 3% on the figure for 2017.

For full briefing click here. Your Home Finance Spring 2019

Property Market Review February 2019

Contradictory data from commercial property survey

Respondents to the latest Royal Institute of Chartered Surveyors (RICS) ‘UK Commercial Property Market Survey‘ have blamed political uncertainty for the disparate performance of the three major sectors of the commercial property market – industrial, retail and office – as Q4 2018 saw all-sector occupier demand falling for the third consecutive quarter to -13% compared with the previous figure of -9%.

For full briefing click here. Property Market Review February 2019

Residential Property Review February 2019

January sees increase in residential property listings

The start of 2019 has seen a strong revival in the number of properties being listed for sale on the market, according to an index compiled by online estate agents, HouseSimple.

This index analyses the numbers of new properties listed by estate agents each month, across more than 100 major cities and towns across the UK. The data revealed that new property listings in the UK increased by 64% in January compared with December 2018, from 31,825 to 52,207.

For full briefing click here. Residential Property Review February 2019