Residential Property Review – December 2023 

Sellers knock £18,000 off asking prices  Sellers accepted an average discount of £18,000 on their property sale in November 2023 – the highest average price cut in five years.   This is according to property portal Zoopla, which stated that high mortgage rates are continuing to impact housing affordability for buyers – meaning that sellers are […]

Commercial Property Review – December 2023 

‘Grey’ warehouse space on the rise  According to recent analysis by Jones Lang LaSalle (JLL), real estate and investment management services provider, ‘grey’ warehouse space is increasing.   Classified as available space unofficially marketed for either sublease or assignment, grey warehouse space has historically been limited to smaller pallet storage space, less frequently associated with warehouses […]

Gender division and money matters

Despite women’s earning power increasing significantly over recent decades, the division of financial responsibilities does not appear to have evolved.  A survey1 of 4,000 UK adults earlier this year found that women still typically have greater oversight of domestically focused financial matters, such as household costs (67% of women versus 51% of men) and utility […]

News in Review

“I don’t think that we can say definitively that interest rates have peaked” Last week, during their final meeting of 2023, the Bank of England’s (BoE’s) Monetary Policy Committee (MPC) voted by a six to three majority to retain Bank Rate at 5.25%, with the minority voting to the rate by 0.25%. This outcome was […]

News in review

“This balanced proposal provides much-needed predictability and stability to EU car and battery makers at a time of fierce global competitive pressure” Last week the European Commission proposed a three year postponement on the imposition of tariffs on electric vehicles (EVs) traded between the UK and the EU. Originally agreed as part of the Brexit […]