Posts Tagged ‘brexit’
Brexit effect hits commercial property market
The commercial property market is having to deal with a drop in confidence and investor demand after Brexit , according to Q2 UK Commercial Property Market Survey by the Royal Institute of Chartered Surveyors (RICS). The RICS highlights in their headline: ‘Sentiment significantly dampened by Brexit vote’. Investment demand falls sharply with London seeing the…
Read MoreJune House Prices rise by 0.6%
LSL Property Services / Acadata England and Wales House Price Index (HPI) June 2016 headlines ‘House Prices in June continue to rise by 0.6%’. Transaction numbers climb back to 2015 levels but Brexit looms large London house prices fall 1.4% (£8,400) month – on – month – largest fall since May 2011 Slough and Luton…
Read MoreBrexit: business as usual?
It’s now been three weeks since Britain voted to leave the EU. Since then, many of the key political players have left the stage; David Cameron has resigned, Nigel Farage has stepped down and many leading Brexiteers have faded into the background. The pound has plummeted to a 31-year low and the stock markets have…
Read MoreBank of England keeps interest rates on hold
The Bank of England (BoE) yesterday announced that the interest rate was to remain at 0.5%, they voted by a majority of 8-1 to maintain the present Base Rate. This was the the first meeting of the Bank of England’s Monetary Policy Committee (MPC) following the UK’s momentous Brexit decision, it was also the first…
Read MoreHomes prices drop after Brexit
The home.co.uk Asking Price Index released this week headlines ‘Brexit ends 19-month House Price Rally’ Top of the headlines list was. Britain’s post-crisis success story ends in fear as home prices drop after Brexit. Brexit woes pop the London bubble as prices slide 1.1% in just one month. Prices fell in four English regions and…
Read MoreOne of the first indicators on house prices after ‘Brexit”
All eyes this week will be on the figures out from The Royal Institution of Chartered Surveyors (RICS), they will be one of the first indicators as to the direction of house prices following Britain’s decision to leave the EU. The Royal Institution of Chartered Surveyors will release details this Thursday as to whether its…
Read MoreNow’s the right time to show some Brexit bottle
On the day after the EU referendum vote I jetted off with the family to Greece. I just fancied somewhere hot and politically stable. For two weeks I avoided social media like a room full of Russian football fans, swerved the newsstands and switched off totally. Proper jelly head. I’m now back and having scanned…
Read MoreBREXIT IS IT ALL DOOM AND GLOOM?
Well Brexit has come and……..gone? Whichever way you may have voted, whether you like it or not the result is to leave the EU. THIS DOES NOT MEAN WE ARE LEAVING EUROPE!! Almost half the population wanted to stay, just over half the population wanted to…
Read MorePossible cut to UK interest rates next week.
Analysts are expecting lower interest rates to come as early as next week, a new low of 0.25% can now be expected in an attempt to boost a flagging economy post “Brexit”. In the immediate wake of the referendum result last week, Governor of The Bank of England, Mark Carney has hinted at further stimulus…
Read MoreAuction House declares ‘business as usual’, despite Brexit uncertainty
The UK’s largest residential property auctioneer Auction House says that uncertainty surrounding the EU referendum had very little impact on sales, and is reporting a performance level close to last year. The group’s June figures were similar to those in 2015, with 252 lots sold (only 8 fewer than last year) but at a noticeably…
Read MoreAre Housebuilders Being affected by “Brexit”?
Property stocks dropped on Tuesday with real estate investment trusts dropping after Standard Life Investments suspended trading in a real estate fund and housebuilders slumping on worries about the sector’s outlook after a Brexit. Taylor Wimpey share price dropped almost 10p down to 121p, Brexit has provided media with the opportunity to turn a drama…
Read MoreAston Mead calls for calm following #Brexit vote
One of the UK’s leading land brokers has called for calm in the property sector, following Britain’s referendum vote to leave the European Union. Adam Hesse, Director at Aston Mead Land & Planning says that despite the Remain camp’s previous warnings of disaster, remarkably little has changed in the first 12 days since the vote.…
Read MoreOverseas property after Brexit
Brexit appears to be a nailed on certainty from here on, even though article 50 needs to be invoked by the government in power and from what we are hearing from the media this will not happen until we have a new Prime Minister in place, even then there will be negotiations that will take…
Read MoreBoris withdraws from Leadership Race
The big surprise yesterday was that the staunch favourite Boris Johnson withdrew from the Conservative Leadership race and that his partner in the Leave campaign Michael Gove entered it. Yesterday (Thursday) marked the deadline for politicians to enter their bids for the leadership race. The 1922 committee announced the five official candidates. They are: Theresa…
Read MoreHouse Builders get demolished in the markets.
One of the major downsides to the UK voting out last thursday was the negative reaction across the markets, the FTSE dropped the least when compared to other exchanges, the Brexit vote has caused an air of uncertainty that extends far beyond the UK and Europe and looks like continuing for some while yet. One…
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