Prime London property investment rises by 28% in Q1 2019
London’s West End and the City welcomed investment of £3.2 billion in the first quarter of 2019, which eclipsed the £2.5 billion investment seen in the same quarter of 2018, according to data released by Savills.
For full briefing click here. Property Market 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
‘Last-time buyer’ numbers increase in home purchases
Whilst first-time buyers make up just over 50% of residential home purchases currently, a further 30% of purchases, account for approximately 200,000 homes, are being made by buyers aged 55 or older.
For full briefing click here. Residential Property Review April 2019
IS IT TIME TO GIVE YOUR PENSION A SPRING CLEAN?
The start of the new tax year can serve as a useful prompt to refresh your finances and take a look at your pension. Are your plans on track for your retirement? Here are a few steps you can take.
For full briefing click here. Your Money Spring 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
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
Average residential sales times longer
Recent research from property portal, Rightmove, indicates that across the UK, the average time taken from when a property is first listed, until it is marked as under offer, has increased from 72 days in January to 77 days currently.
For full briefing click here. Residential Property Review March 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
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
MPs SECURE NO-DEAL BREXIT VETO
With less than four weeks until Brexit day, parliamentary gridlock means it remains unclear whether the UK will leave the EU as scheduled, or whether the Brexit process will be postponed, or even completed at all.
For full briefing click here. Economic Review February 2019