WHAT NEXT IN THE BREXIT SAGA?
With less than three months to the country’s scheduled EU departure, it remains unclear whether the UK will leave with an amicable deal, crash out with no deal or whether the Brexit process will even be completed at all.
For full briefing click here. Economic Review December 2018
Government revenue from Stamp Duty falls by 10%
HM Revenue and Customs (HMRC) have stated that Stamp Duty revenue from residential property sales in Q3 2018 has fallen from the £2.605bn seen in the same period of 2017, to £2.347bn in 2018, as the number of properties liable to tax fell from 302,700 to 279,500.
For full briefing click here. Residential Property Review December 2018
The Chancellor hands out a lifeline to the high street.
In this year’s Autumn Budget, Philip Hammond spoke about how high streets are a crucial part of our communities and local economies. He will put together a dedicated task force to address the pressure that high street retailers are experiencing as more people embrace online shopping, to the detriment of the high street. In his own words, high streets have come under pressure “as never before”.
For full briefing click here. Property Market Review November 2018
MAY’S BREXIT D-DAY LOOMS.
After 20 months of negotiations Theresa May finally secured a deal on the terms of the UK’s departure from the EU; but whether she has sufficient parliamentary support for her deal remains to be seen.
For full briefing click here. Economic Review November 2018
How did the latest Budget affect the market?
The Chancellor of the Exchequer, Philip Hammond extolled his latest budget to the nation in October, but how did his announcements affect the residential property market?
For full briefing click here. Residentail Property Review November 2018
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
LEARNING TO BE A FINANCIALLY-SAVVY FAMILY
Some families have no problems openly discussing their finances, but for others it’s more of a challenge. The Money Advice Service says that 58%1 of parents report finding it difficult to talk to children about financial matters.
For full briefing click here. Your Money Autumn 2018