Spring Budget: What does it mean for the housing market?
While it is true that this year’s highly anticipated Spring Budget speech, delivered by new Chancellor Rishi Sunak, was understandably dominated by the government’s emergency measures to protect the British economy and population from the impact of COVID-19, there were other positives to be gleaned on the future of the housing market.
For full briefing click here. Residential Property Review March 2020
RATES CUT TO RECORD LOW
The Bank of England (BoE) sanctioned two emergency rate cuts during March in a bid to address the impact of the COVID-19 pandemic, leaving interest rates at a historic low of 0.1%.
For full briefing click here. Economic Review March 2020
DON’T LET ‘DECISION FATIGUE’ IMPACT YOUR FINANCES
A recent survey has found that people in Britain suffer from ‘decision fatigue’ when it comes to financial planning.
Lack of time and mental space for tackling difficult money issues means that less important decisions are prioritised instead. Over half (52%) of survey participants said they would make time to compare holiday destinations but only one in three (29%) said the same about considering their pension options.
For full briefing click here. Your Money Spring 2020
Growth in UK grocery sector
Colliers International annual UK Grocery Report has revealed that property investors put £1.78bn into the UK grocery sector in 2019, which is 80% up on volumes in the previous year.
For full briefing click here. Property Market Review February 2020
London sees surge in luxury property prices
Prices for prime London property surged in the final quarter of 2019, the latest Coutts London Prime Property Index found. On average, prices increased by 5.3% in 2019 – with 4.8% of this coming from Q4 alone.
For full briefing click here. Residential Property Review February 2020
THINK-TANKS ISSUE BUDGET WARNING
The new Chancellor has been warned he will either need to increase taxes or break the government’s borrowing rules when he delivers the country’s first post-Brexit Budget on Wednesday 11 March.
For full briefing click here. Economic Review February 2020
WHAT DOES 2020 HOLD FOR THE MORTGAGE MARKET AND YOU?
There is no doubt that the property market has been affected by ongoing economic and political uncertainty. However, despite hesitation from buyers and vendors, resulting in reduced activity in certain areas, recent research indicated that the property market over the next 12 months shows signs of resilience.
For full briefing click here. Your Home Finance Winter 2020
What’s on the horizon for commercial property?
After a turbulent 2019 (particularly for retail), Savills has made some predictions for what 2020 could hold for the commercial property market. They fall into three main categories: overseas investment, office development and the future of retail.
For full briefing click here. Property Market Review January 2020
NEW YEAR, NEW YOU?
It’s the New Year. We’re all full of plans for what we want to accomplish and making resolutions left, right and centre. It could be hitting the gym, finally getting around to that long-awaited clear-out or… perhaps getting a grip on your finances?
For full briefing click here. Your Wealth Winter 2020
The UK officially left the EU on 31 January and is now embarking on an 11-month transition period during which formal trade negotiations will take place.
Brexit has undoubtedly been an arduous process, costing two British Prime Ministers their jobs and dividing families the length and breadth of the country. However, since Boris Johnson won an landslide victory in December’s election with a mandate to ‘get Brexit done’, the UK had been heading inexorably towards the EU exit door.
For full briefing click here. Economic Review January 2020