30 Oct 2018

Budget Update Autumn 2018

AUTUMN BUDGET OCTOBER 2018 Philip Hammond, the Chancellor of the Exchequer, delivered a Budget which he declared “shows the British people that their hard work is paying off”. Mr Hammond wasunder intense pressure to loosen the purse strings. He did announce several new cash injections, while suggesting that “the era of austerity is finally coming […]

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23 Oct 2018

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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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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28 Aug 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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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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