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News

News

30th October 2018

Residential Property Review October 2018

PROPERTY DEMAND CONTINUES TO SLIP LOWER The latest Royal Institution of Chartered Surveyors’ (RICS) ‘UK Residential Market Survey’, concludes that demand for property slipped lower for a second successive month in September. They attribute this fall in demand to a combination of factors, including a lack of stock, the interest rate rise, economic uncertainty and […]

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Property Market Review October 2018

A FOUR-YEAR GROWTH CYCLE HAS EMERGED The most recent ‘UK Commercial Market in Minutes’ from Savills, has revealed that ‘all property’ capital value growth, for the month of September, was only 0.09%, just a quarter of the growth experienced in September 2017. Over the last few months, the annual growth year-on-year has begun to slow. […]

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10th October 2018

Economic Review October 2018

GROWTH PICKS UP BUT BREXIT FEARS LOOM LARGE Although the UK economy recently recorded its fastest rate of growth in almost a year, Brexit-related uncertainties continue to cast a shadow over future growth prospects.   Data released by the Office for National Statistics (ONS) shows that gross domestic product rose by 0.6% during the May–July […]

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26th September 2018

Residential Property Review September 2018

TIMELY SPIKE IN REMORTGAGING AHEAD OF BASE RATE RISE SEEN Just ahead of the Bank of England’s decision to raise the base rate by a further 0.25%, the second quarter of 2018 saw over three quarters of remortgaging applications via intermediaries result in completion. The ‘Mortgage Market Tracker’ released by the Intermediary Mortgage Lenders Association […]

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Property Market Review September 2018

CENTRAL LONDON REMAINS THE HOT-SPOT FOR GLOBAL COMMERCIAL INVESTMENT Data recently released by Knight Frank outlined that the first half of 2018 saw commercial property investment in the UK total £6.89bn, surpassing previous expectations. Seven of the eleven £200 million plus deals were completed by overseas buyers during the first six months of the year. […]

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6th September 2018

Intrinsic Economic Review August 2018

Interest rates up but no rush to raise again The Bank of England (BoE) has raised interest rates for only the second time in more than a decade, but stuck to its previous guidance that any further monetary tightening is likely to be only gradual and limited in extent. On 2 August, the nine members […]

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28th August 2018

Residential Property Review August 2018

REDUCED SUPPLY MEANS HIGHER RENTS OVER NEXT FIVE YEARS The Royal Institution of Chartered Surveyors (RICS) latest survey indicates that rents could escalate by as much as 15% over a five year period, as a ‘perfect storm’ of diminishing supply of rental properties, combines with increasing demand from tenants. RICS estimate that rents will increase […]

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Property Market Review August 2018

PRIME UK COMMERCIAL PROPERTY RENT VALUES RISE BY 0.7% Commercial real estate services and investment firm, CBRE, have announced in their latest Prime Rent and Yield Monitor, that UK prime commercial property rental values saw an increase of 0.7% in Q2 2018. However, at the All Property level they revealed that prime yields were fairly […]

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5th August 2018

Intrinsic Economic Review July 2018

Warm weather and wedding boost growth The UK economy picked up some momentum during the three months to May as the hot weather and royal wedding sparked a modest rebound from the lacklustre performance recorded in the early part of the year. Last month saw a new monthly reading of gross domestic product (GDP) launched […]

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30th July 2018

Residential Property Review July 2018

THREE-YEAR TENANCIES FOR RENTERS CAUSES CONCERN TO LANDLORDS As reported by The Guardian, the Secretary of State for Housing, Communities and Local Government, James Brokenshire, has proposed stopping landlords of rental properties from evicting tenants at short notice and implementing a minimum three-year tenancy agreement. Currently, approximately 80% of residential tenancies in England and Wales […]

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