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
MONEY ADVICE TO PASS ON TO YOUR KIDS IN 2019
We all learn about money from an early age, so it’s interesting to think about what we were taught when we were young. What rules have stood you in good stead and which ones would you pass on to future generations? Here are some thoughts.
For full briefing click here. Your Wealth Winter 2019
Workspace, co-working and serviced office demand remains strong
In Savills latest ‘Commercial Outlook – Six Trends for 2019,’ they reveal that London was one of the most popular destinations for cross-border commercial property investment between 2016 and 2018. They add that customer experience is the driving factor and landlords who look after their tenants are thriving, in relation to both short-term or long- term rentals.
For full briefing click here. Property Market Review January 2019
HOW THE BANK OF MUM AND DAD CAN HELP FIRST-TIME BUYERS
With property prices out of sync with wages, high rents and living costs rising, it comes as little surprise that first-time buyers are finding it hard to afford the deposit for a home. Unsurprisingly, many find they need to turn to the Bank of Mum and Dad for some additional financial help. The challenge facing parents wishing to lend or gift money to their children is to decide quite how best to do this.
For full briefing click here. Your Home Finance Winter 2019
BREXIT CLOCK TICKING DOWN
Following another month of political shenanigans, it still remains distinctly unclear whether Theresa May will be in a position to deliver an orderly Brexit on 29 March 2019.
For full briefing click here. Economic Review January 2019
Residential market activity declines
In their latest ‘UK Residential Market Survey’, the Royal Institution of Chartered Surveyors have reported weaker market activity, with both supply and demand retreating into negative territory. Their data suggests this trend will continue into the first quarter of 2019. However, they also believe that a “more stable trend is expected to emerge further out.”
For full briefing click here. Residential Property Review January 2019
DOES YOUR MONEY NEED A NEW YEAR WORKOUT?
We can all be guilty of letting our finances go, especially over the Christmas season. So now is a good time to take a long look at the state of your wealth and review the plans you have in place for the future. Regard us as your personal trainer, here to help you get your money in shape.
For full briefing click here. Your Money Winter 2019