UK Property News Recap – 20.12.2024
This week, rates held firm, asking prices wobbled, rents were forthright and targets appeared movable. Welcome to another UK Property News Recap - 20.12.2024 Making 1.5m new homes possible Labour’s ambitious housing targets came up against a lot of pessimism from councillors, claiming they weren’t scared of direct control from the government
UK Property News Recap – 13.12.2024
This week was heavily focused on redrawing planning lines, to better house future generations. Expectations for a bullseye were low but dogged belief and determination to boost housing supply left the government impervious to objections. Developers, who had a shocking year, are pleased but many won’t act until borrowing comes
UK Property News Recap – 06.12.2024
This week, PM Keir Starmer felt the need to start campaigning for the next election early after a rocky start. There was no Edstone but there were 6 milestones to reach, including hitting 1.5m new homes in five years. Given councils, in the same week, said targets were admirable but
UK Property News Recap – 29.11.2024
This week showed the ripple effect that ‘higher rates for longer’ is having on the market as a whole. Habits, investments and moves are all being revisited along with house price forecasts. First time buyers are keeping the home fires burning but only through necessity, leaving the rest of the
UK Property News Recap – 22.11.2024
This week was a tough week for all. Inflation increased along with rates which had a knock on effect on asking prices and first timers' hopes of escaping the rental market, where prices also rose. In the Labour camp, Rachel Reeves’s past creative skills got her in trouble, causing some
UK Property News Recap – 15.11.2024
This week prices were reported to have been on the rise, but with mortgage rates also increasing, any further growth looks set to be curtailed in the short term and restrained in the long term. For the many who hoped for a break from inflationary rates come the end of
UK Property News Recap – 08.11.2024
This week seesawed between emotional and financial highs and lows. Hopes were high for lower interest rates but despite a base rate trim, swap rates rose. Harris was top trumped by the Con-Mander-In-Chief causing ripples in the UK of further inflationary pressure from tariffs imposed. As a result, New Year
UK Property Recap – 01.11.2024
After weeks of planned leaks and endless speculation, the UK was finally spared further conjecture with the delivery of Chancellor Rachel Reeves’s historic budget. For buyers and sellers poised to make a move but conflicted about which direction to take, the budget reassured investors fearful of capital gains increases for
UK Property News Recap – 25.10.2024
This week, Q3 report cards for lender Lloyds, developer Barratt and Redrow, supplier Travis Perkins and estate agency Foxtons showed them all to be “working towards”, with the exception of Foxtons which “exceeded expectations.” Meanwhile first time buyers trying to work their way on to the ladder learned prices were
UK Property News Recap – 17.10.2024
This week, speculation around CGT increases was rife, confusing investors and causing landlords angst over whether to sell now or hold out. Some landlords, faced with EPC changes and new legislation, had already decided this was the final straw and downed tools. Others, undecided, remain poised, ready to act, depending