Posts Tagged ‘brexit’
Prices are not plummeting in the capital and surrounds, but rather sliding gently according to Home.co.uk
Home.co.uk Asking Price Index report October 2017 released today headlines ‘House Prices Tick Up Despite London Falls.’ Top of the Home.co.uk headlines: Greater London prices slide for a third consecutive month, by 0.2%, pushing the year-on-year change into negative territory (-0.7%). The drag effect of a weak London market means that the national average growth…
Read MoreRental demand outstrips supply in many areas according to Your Move
Latest Your Move Buy-to-Let Index report September 2017 for England and Wales headlines ‘Rents rise across much of England and Wales’. The report reveals: On a non-seasonally adjusted basis, the average rent charged to tenants was £904 in August, many areas see demand outstrip supply as tenant numbers rise. Richard Waind, Director, Your Move, comments:…
Read MoreMark Carney indicates interest rates may have to rise to dampen down inflation
Governor of the Bank of England, Mark Carney, has signalled in his speech at the International Monetary Fund’s headquarters in Washington yesterday that interest rates may have to rise in coming months to dampen down inflation. In the speech, the Governor considers the impact of globalisation on inflation. He draws on the example of Brexit…
Read MoreBank rate held at 0.25%
The Bank of England announced yesterday 3rd August 2017 that the monetary committee has voted 6-2 to keep bank rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee voted unanimously to maintain the…
Read MorePlethora of sold boards restricts choice as buyer demand remains strong
Newly-marketed property prices at virtual standstill, up by 0.1% (+£312) as we enter quieter holiday season Fundamentals remain good mid-year with robust demand, low interest rates and low unemployment: Sales agreed numbers remain strong year-to-date in 2017, almost identical to 2016 Prospective buyers in many parts of the country are seeing the highest proportion…
Read MoreBrexit negotiations formerly start today
Brext negotiations formerly start today June 19th at 11am in Brussels, the negotiations are talks between the European Union and United Kingdom representatives about Brexit terms. The process is expected to last up to 15 months and will conclude with the UK formally leaving the EU. It is almost a year since the UK voted…
Read MoreAverage annual rate of house price inflation was 3.3% in March says Your-Move
According to Your Move’s England & Wales latest House Price Index for March 2017, the average house price is now £301,278, a 3.3% increase since last year and 0.5% increase since February. New peak prices were set in 39 of the 109 regions and counties in England & Wales, up from 26 last month and…
Read More2016 is another good year for Belvoir
Belvoir Lettings plc, the UK’s largest property franchise, today announced preliminary results for the year ended 31 December 2016. it reported revenue increased by 43 per cent to £9.9m, up from £6.9m in 2015. Mike Goddard, Chief Executive Officer of Belvoir Lettings, commenting on the results, said: “2016 was another good year for Belvoir as we…
Read More“Brexit” Theresa May will formally trigger Article 50 today.
Today 29th March 2017 is the day that Theresa May will formally trigger Article 50, notifying the European Union of the intention of the United Kingdom to withdraw from membership. This starts the clock running on a process that is supposed to take 2 years, however many believe that it could take longer. The timescale…
Read MoreRant and Rave – What the heck is going on out there in property land?
Never mind ‘Lala Land’, what about ‘Lala Property Land’! What the heck is going on out there in property land? My rant: To our inner negative self-talk. Lack of properties, lack of buyers, sad people, worried people, all going around in a zombie-like trance. Muttering ‘oh poor me’, ‘oh this is really bad’, ‘I blame…
Read MoreConstruction sector has shrugged off concerns about the effect of Brexit says RICS
In a press release yesterday 2nd February, the latest Royal Institution of Chartered Surveyors (RICS) Construction Market Survey, Q4 2016 headlines ‘Expectations for construction workloads regain lost ground’ In the highlights they mention: National workloads still positive with the private housing displaying strongest momentum. RICS Chief Economist Simon Rubinsohn said, “The latest results suggest that…
Read MoreResidential development in Scotland is set for five years of growth says JLL
News release yesterday 30th January from JLL, UK’s leading property consultancy headlined, ‘Scottish house price and rental growth in the shadow of Brexit’ According to new research by JLL, residential development in Scotland is set for five years of growth with demand for homes continuing to outpace supply. Neil Chegwidden, JLL residential research said: “The…
Read MoreMigration Watch report “misfires on all cylinders”, says Property Personnel
The Managing Director of the UK’s oldest estate agent recruitment consultancy has slammed a recent report which claims a cap on skilled migrants does not hamper the ability of British businesses to recruit. The report by Migration Watch, which campaigns for lower immigration, accuses British businesses of crying wolf over the impact of a cap…
Read MoreGross lending for November 3% up on previous month
The Council of Mortgage Lenders (CML) yesterday published new housing market forecasts. Market commentary: 2017 and 2018 forecasts Reported gross lending of £21 billion in November, that is up by an estimated 3% on October, and 3% up on a year ago. Commenting on market conditions and prospects, CML director general Paul Smee said: “Overall, the…
Read MoreGreater London remains the UK’s worst performing region
Home.co.uk yesterday released their Asking Price Index headlined ‘London Prices Fall as Supply Leaps in the East and South’ Doug Shephard Director at Home.co.uk said: “Whilst we should expect seasonal price declines at this time of year, it is clear that the UK property market is no longer in great shape. “Brexit is not really…
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