Residential Property Review – November 2021

Spending pledges for housing in Autumn Budget In his Autumn Budget delivered at the end of October, Chancellor Rishi Sunak committed more cash to building new homes on derelict or unused land in England, as part of a £24bn fund earmarked for housing. The plans will see 160,000 greener homes built on brownfield land and … Continue reading “Residential Property Review – November 2021”

Commercial Property Market Review – November 2021

Business rates boost for hospitality and leisure The Autumn Budget provided good news for badly hit shops, restaurants, bars and gyms, with a temporary 50% cut in business rates in England announced by the Chancellor. These sectors, which suffered particularly badly during the pandemic, will be able to claim a 50% discount on their bills … Continue reading “Commercial Property Market Review – November 2021”

Targeting Pricing Power

UK Inflation has jumped to a decade high, hitting 4.2% in October. These prices rises have been widely predicted by, among others, the Bank of England and the Office for Budget Responsibility. This is uncomfortable for consumers, who are facing vastly increased costs on everything from car hire (up 30%) to air fares (up 28%) … Continue reading “Targeting Pricing Power”

Higher inflation for longer

Global Market Review Intensifying inflationary pressures The International Monetary Fund (IMF) warned that the world is facing inflationary pressures that will be “higher and longer than expected”. During October, US Federal Reserve Chair Jerome Powell commented: “We now see higher inflation and the bottlenecks lasting well into next year … I do think it’s time … Continue reading “Higher inflation for longer”

Three reasons why markets may slide

Having looked at the bull case for stock markets,  it is worth examining the bear case. There are structural forces conspiring against equities today, from slowing growth, to high valuations to rising interest rates. We look at why these elements may prove to be the final straw for the lengthy bull run in global share … Continue reading “Three reasons why markets may slide”

Three reasons why stock markets can power onwards

A lengthy bull market is always nerve-wracking. Investors start to fret on valuations, on earnings, on the strength of economic growth. As valuations creep higher, but economic growth remains strong, we look at the bull and bear case for equities today. First, we examine three reasons why investors could be cheerful about the prospects for … Continue reading “Three reasons why stock markets can power onwards”

Economic Review October 2021

OBR forecasts stronger growth The Office for Budget Responsibility (OBR) has upgraded its UK economic growth forecast and is now predicting the economy will return to its pre-pandemic level six months earlier than previously expected. Chancellor Rishi Sunak unveiled the independent forecaster’s revised projections during his Budget statement delivered to the House of Commons on … Continue reading “Economic Review October 2021”

Residential Property Review – October 2021

Supply still lagging demand Steady buyer demand and a sixth successive month of net negative new instructions, were the standout trends in the September UK Residential Market Survey published by the Royal Institution of Chartered Surveyors (RICS). “At the national level, new buyer enquiries had a net balance of zero in September, up from -13% … Continue reading “Residential Property Review – October 2021”

Commercial Property Market Review – October 2021

Strong recovery for UK flex market According to Workthere research, the flexible office sector regained momentum in H1 2021 following its pandemic-induced slump, with renewed appetite for flex space in both enquires (+30% on pre-pandemic levels) and transactions (+36%). Flexible workplaces – a catchall term encompassing anything from serviced offices to fitted plug and play … Continue reading “Commercial Property Market Review – October 2021”

Gathering clouds

Global Market Review Questions over growth Investor sentiment during September was a hostage to concerns over faltering economic growth, rising inflation, surging energy prices, and an increasingly hawkish tone from central banks, compounded by speculation that Chinese real estate giant Evergrande might be on the verge of collapse. Tapering moves closer in the US The … Continue reading “Gathering clouds”