Posts Tagged ‘brexit’
Governor of Bank of England to remain until June 2019
Mark Carney the Governor of the Bank of England who was appointed to the position in July 2013 has reportedly confirmed that he will remain until June 2019, this dispells rumours that he was about to resign. Over the past month there have been conflicting newspaper reports suggesting that Mr Carney was about to resign,…
Read MoreBuying before BREXIT – what you need to know
The EU Referendum caused a number of property pundits to speculate about the future of the UK’s housing market should we choose Brexit, but now the dust surrounding the decision has settled, experts are able to make more informed projections about the impact. Initially, the result was one of panic. A number of domestic buyers…
Read MoreFrench property market looking strong.
Complete France the French Property publication this week published their French property market update: October 2016. In the report they say that The French property market is looking strong with transactions up 15%, prices stable and no noticeable impact from Brexit. According to the latest official report from the Notaires of France: The French property…
Read MoreLatest RICS survey shows House prices rise in September
House prices in the UK rose for a second month in September, according to the latest survey from the Royal Institution of Chartered Surveyors (RICS), it shows its monthly house price index increased to +17 in September from +13 in August, The report mentions that more chartered surveyors are reporting an increase in buyer enquiries,…
Read MoreAre People Panicking Unnecessarily About Commercial Property?
There is certainly no shortage of worries about the future of the UK’s commercial property market right now. After a few years of strong performance, the public vote in favour of leaving the European Union threw the whole sector into doubt more or less overnight. Depending on where exactly you look, the sentiment surrounding the…
Read MorePound drops to a new 31yr low against US dollar
The Conservative Party conference came to a close yesterday on the same day that the pound sterling hit a 31 year low against the US$. Sterling remained under major pressure as £ dipped under US$1.27 for first time since 1985 & fell to 5-year low against the euro (euro 1.133/£) Earlier in the week the…
Read MoreBanks under pressure to reduce prices on unsold properties in Spain
The Spanish property market has been recoverying slowly over the last year, prices have stabilised and in some areas are showing increases. However recent reports suggest that the country still faces a large backlog of unsold property, banks still own homes from struggling developers and repossessions. In an effort to reduce bank’s real estate exposure…
Read MoreImpact of Brexit on London Housing Market
Tonight at 7.30pm on BBCOne Inside Out London, Mark Jordan looks at impact of Brexit on the London housing market. The programme presented by Matthew Wright looks at various ways Brexit will affect the future of London. Mark Jordan asks if cash-strapped first-time buyers currently priced out of the market stand to benefit from…
Read MoreLow Spanish property prices could see British Buyers taking advantage despite Brexit
It seems as though British buyers are still interested in purchasing property in Spain but only of sellers who are willing to reduce their asking price. Despite the outcome of the EU referendum, British buyers are still showing an interest in Spanish property, especially from holiday home buyers and those looking to move to the…
Read MoreBrexit means Brexit
Several weeks ago, we heard the UK was leaving the EU and what happened… panic set in. Whilst one half of the UK were revelling in their success, the other half were going in to meltdown. The stock exchange was all over the place, Sterling fell off a cliff, political resignations went around like wildfire…
Read More(IFS) report ‘Brexit Options’
Report released today from the Institute of Fiscal Studies (IFS) headlines ‘Brexit options: budget contributions pale against wider trade and economic impacts’ A new report by IFS researchers, funded by the ESRC and published today: The EU Single Market: The Value of Membership versus Access to the UK looks at what membership of the single…
Read MoreHousing Market Performance depends on EU Exit Negotiations
According to a recent report from Centre for Economics and Business Research (CEBR) UK house growth is set to slow from 6% in 2015 to 5.7% in 2016 and 2.2% in 2017. New predictions from leading economic forecaster Cebr show that, despite post-Brexit tremors, house prices are set to increase by 5.7% over 2016 as…
Read MoreMany homeowners think that house prices are falling.
Many expected the bank base rate to be cut earlier this month due to apprehension over the Brexit decision, this did not happen to the surprise of most. The MPC in their July meeting suggested that the committee is considering a broader package of measures, this has given rise to the expectation by financial markets…
Read MoreNot sure about lettings? Vote remain and gain!
Partnerships do come to an end, it’s only natural. Britain and the EU. Roy Hodgson and England. Taylor Swift and Calvin Harris (anyone?). But if you are thinking of ‘consciously uncoupling’ from lettings, think again. Many agents mulling over the idea of selling or closing their lettings division have gone on to reverse the thought…
Read MoreQuarter of home owners have put home improvements on hold because of Brexit
Over a quarter of home owners have put home improvements on hold because of market uncertainty after the Brexit vote: New research conducted by a UK based kitchen worktop specialist has found that over a quarter of home owners have put home improvements on hold this summer due to the market uncertainty after the EU…
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