26 Jul 2018

Property Market Review July 2018

OLYMPIA LONDON TO GET MAJOR REVAMP Olympia London Exhibition Centre is to benefit from a £700 million development plan to extend the area by over two acres, adding green space and including restaurants, a performing arts centre, and a theatre. The architects will be SPPARC, working together with renowned designer Thomas Heatherwick. The domed window, […]

Read More
27 Jun 2018

Residential Property Review June 2018

RECORD HIGH SEEN FOR £1MILLION PLUS HOUSE SALES Recent Land Registry figures state that despite a small decline in the number of £1million plus houses sold in the UK in the first half of 2017, the second half saw a rebound. This culminated in a 5% increase in sales to 14,474 in 2017, a record […]

Read More

Property Market Review June 2018

BRITISH BUSINESS RATES RISK DAMAGING UK COMMERCIAL PROPERTY MARKET The UK government’s re-assessment of the value of properties, undertaken in 2015, had the effect of either increasing or decreasing the rates owed by business owners. Any increase in rates took effect from April 2017, a full two years after valuations were made. Business rates are […]

Read More
04 May 2018

Economic Review April 2018

Further improvements in public sector finances UK government borrowing has fallen to its lowest level in more than a decade, a situation which may provide Chancellor Philip Hammond with scope to relax his tight grip on public spending. Data released by the Office for National Statistics (ONS) shows that UK public sector net borrowing (excluding […]

Read More
26 Apr 2018

Residential Property Review April 2018

BUY-TO-LET LANDLORDS CONTINUE TO FEEL THE PINCH In their latest ‘UK Cross Sector Outlook’, Savills Research have noted that following the summer budget of 2015, the government’s alterations to Buy-to-Let (BTL) regulations and taxation, have seriously dented the enthusiasm of many potential landlords. Savills report that UK Finance have calculated that the number of BTL […]

Read More
06 Apr 2018

Economic Review March 2018

MPC vote suggests rate rise in may Although interest rates were left on hold following the Monetary Policy Committee (MPC) meeting on 22 March, a split vote appears to have paved the way for a rate hike at the next meeting in May. The Bank of England left interest rates unchanged last month but two […]

Read More
26 Mar 2018

Residential Property Review March 2018

REMORTGAGES HIT A NINE-YEAR HIGH In their recent mortgage trends update, UK Finance revealed that remortgages reached a nine-year high in January. In addition, both the number of home movers and first-time-buyers increased, when compared with the same period last year. Jackie Bennett, the Director of Mortgages at UK Finance commented on these findings: “Remortgaging […]

Read More