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 […]

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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 […]

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Property Market Review March 2018

HIGH LEVEL OF INVESTMENT SEEN IN EUROPE In their recent European Commercial Property Outlook for Q3 2017, Knight Frank have revealed that European investment volumes for 2017 are set to exceed those of 2016. Their report highlighted that in the third quarter of 2017, €47.4bn was invested, which represents a 13% increase on the same […]

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08 Mar 2018

Economic Review February 2018

Bank of England signals earlier rate rise The Bank of England (BoE) has indicated that interest rates are set to rise sooner and by a greater extent than it previously anticipated. While the nine-member Monetary Policy Committee (MPC) unanimously voted to leave rates unchanged following February’s meeting, new guidance was issued suggesting that the pace […]

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28 Feb 2018

Residential Property Review February 2018

First-time buyers reach a ten-year high One of the UK’s biggest mortgage lenders, Halifax, has reported that the number of first-time buyers in the UK has reached a ten-year high at 359,000. The average deposit for these purchases has climbed by 91% over the last decade. To put that into perspective, the average house deposit […]

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Property Market Review February 2018

Brexit fears discounted in London Office market Central London saw leasing activity rise to 13.84 million sq. ft. in 2017, which represents a two million sq. ft. increase on the previous year, according to a recent report from the surveyors Knight Frank. Much of this demand came from the ever-expanding UK Technology, Media and Telecommunications […]

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