Residential Property Review – February 2021

House price growth slows Several recent reports have confirmed that house price growth is slowing, but there are reasons to believe that the housing market will be more stable than last year. According to Knight Frank, the third lockdown and the imminent end of the Stamp Duty holiday have played a major part in delaying … Continue reading “Residential Property Review – February 2021”

Economic Review January 2021

Vaccinations provide economic hope Although recently released data has revealed a decline in UK economic activity, Bank of England (BoE) Governor Andrew Bailey, has expressed hopes that the vaccine roll-out programme will begin to spark a “pronounced recovery.” The latest gross domestic product (GDP) figures published by the Office for National Statistics (ONS) showed the … Continue reading “Economic Review January 2021”

Residential Property Review – January 2021

Momentum in residential market expected to slow The UK residential property market closed 2020 with a bang, with Nationwide reporting annual house price growth of 7.3% in December – a six-year high. In its December UK Residential Market Survey, however, the Royal Institution of Chartered Surveyors (RICS) has pointed to evidence that momentum is starting … Continue reading “Residential Property Review – January 2021”

How will house prices move in 2021?

Having hit an all-time high in December 2020, UK house prices once again stand on the brink of uncertainty. Will the fall, rise, stay the same – or something else? Despite being one of the most economically turbulent years in living memory, 2020 ended with UK house prices – almost incredibly – at a record … Continue reading “How will house prices move in 2021?”

Economic Review December 2020

Brexit trade talks Following a gruelling nine-month negotiation process, the UK and EU finally agreed and signed a post-Brexit trade deal just a day before the transition period ended. Although the UK officially left the EU on 31 January 2020, trade had continued on the same basis during the 11-month transition period. The two entities … Continue reading “Economic Review December 2020”

Residential Property Review – December 2020

Positive start for property market in 2021 The property market is expected to start 2021 with a bang, according to experts. Low interest rates, combined with the imminent expiry of both the existing Help to Buy scheme and the Stamp Duty holiday, mean that the market is expected to be busier than ever going into … Continue reading “Residential Property Review – December 2020”

Economic Review November 2020

Spending Review Chancellor Rishi Sunak has announced government spending plans for the coming 12 months as part of his Spending Review, delivered to the House of Commons on 25 November. During his statement, Mr Sunak said the government had already spent £280bn supporting the economy through the pandemic and pledged a further £55bn over the … Continue reading “Economic Review November 2020”

UK catches the property auction bug

Are Brits abandoning the estate agent for the auction house? This year nearly 40% more property by value has been sold at auction, compared to 2019. Leading provider Auction House has enjoyed a record October performance, having shifted £65m worth of property in that one month alone, while John Pye Property saw transactions more than … Continue reading “UK catches the property auction bug”

Residential Property Review – November 2020

Housing market activity remains strong The October ‘UK Residential Market Survey‘ from the Royal Institution of Chartered Surveyors (RICS) reported another strong month for the housing market across the UK. The survey feedback indicated that buyer enquiries, agreed sales, new instructions and prices have all remained firm. A net balance of +46% of respondents cited … Continue reading “Residential Property Review – November 2020”

Coronavirus scams – how to spot and avoid them

Scammers are exploiting fears over coronavirus to target consumers. Follow these tips to avoid being scammed. There’s been a worrying increase in the number of scams since the coronavirus (Covid-19) epidemic.  The National Fraud Intelligence Bureau has received over 2,000 reports of coronavirus-related fraud in the first 3 months of the outbreak, with victims being … Continue reading “Coronavirus scams – how to spot and avoid them”