HOW MUCH WILL YOUR SPENDING CHANGE IN RETIREMENT?
The simple answer is that some expenditure will go up, some will stay the same, and some will go down or disappear altogether. There’s a widely held view that you’ll need between half and two-thirds of your final salary, after tax, to maintain your lifestyle
For full briefing click here. Your Wealth Autumn 2017
Bank of England in rate rise hint
The Bank of England (BoE) has signalled that the UK’s first interest rate
hike in more than a decade may be fast approaching.
While the minutes of the latest Monetary Policy Committee (MPC)
meeting on 13 September showed a 7-2 majority in favour of keeping
rates on hold at 0.25%, they also included new guidance indicating
a readiness to increase rates in the coming months if price pressures
continue to grow as expected. BoE Governor, Mark Carney reinforced
this hawkish message saying the possibility of a rise in interest rates had
For full briefing click here.Economic Review September 2017
London property loses its leading price growth rate
The latest data released by The Land Registry, showed that contrary to historical precedent, London residential property over the past few months registered one of the slowest price growth rates in the country at 2.8% in the year to July 2017. This represents the eighth consecutive month that London property price growth has been below the national average.
For full briefing click here. Residential Property Review September 2017
Record breaking transaction for the Walkie Talkie
Making it London’s most expensive property ever sold, 20 Fenchurch Street is to be purchased for £1.3 billion, by LKK Health Products Group, a Hong Kong based company. Commonly referred to as the Walkie Talkie, LKK will buy out the Canary Warf Group and Land Securities to acquire the prime commercial real estate in the City.
For full briefing click here. Property Market Review August 2017
When, in early August, the Bank of England (BoE) Monetary Policy Committee (MPC) voted 6-2 to leave base rate at 0.25%, a long-running interest rate saga continued. It began in March 2009, when the MPC cut base rate to a mere 0.5% to help borrowers, banks and the economy after the global financial crisis.
For full briefing click here. Economic Review August 2017
RICS Survey Paints a Mixed Picture
Research published in August by the Royal Institution of Chartered Surveyors (RICS) showed significant regional variations in housing market conditions in the UK. RICS Chief Economist, Simon Rubinsohn, explained that whilst a small majority of surveyors across the country reported that prices were rising, there were signs that in some regions they were weakening.
For full briefing click here. Residential Property Review August 2017
What Will Baby-Boomers Do With Their Wealth?
Although it has been suggested many grandparents are spending the kids inheritance, research shows that they are much more likely to be focused on passing money on to the next generation. Indeed, fears have been voiced that they are often putting the needs of other family members before their own entitlement to a financially-secure retirement.
For full briefing click here. Your Wealth Summer 2017
Blackstone closes £500m deal to grab majority stake in The Office Group
Blackstone, one of the largest private equity houses, who currently manage over €140bn of real estate assets globally, has acquired a majority holding in temporary workspace business The Office Group (TOG), itself a privately-owned company and landlord to several major corporations.
For full briefing click here. Property Market Review July 2017
Positive UK Economic Growth in Q2
According to initial estimates from the Office for National Statistics (ONS), in the second quarter of 2017 the UK economy continued to grow. They calculate that the UK saw growth of 0.3% in the three month period ending 30 June, an improvement from the Q1 figure of 0.2%.However, the ONS did caution of a ‘notable slowdown’ since last year, where in the final quarter of 2016, Gross Domestic Product (GDP) grew by 0.7%.
For full briefing click here. Economic Review July 2017
Remortgage approvals steady
The Bank of England (BoE) reports that mortgage lending in the UK recorded an annual increase of 2.9% to May 2017.
The BoE also records 65,202 house purchases for May, up marginally from the 65,051 seen in April, but still below the six month average of 66,990.
For full briefing click here. Residential Property Review July 2017