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 […]
Monthly archives: December 2023
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 […]
A financial and wellbeing safety net
Life has a funny way of turning out differently to how we expect it. When faced with the unpredictable twists and turns of fate, it is comforting to have the support of the right protection cover for your needs. Rising bills reinforce need for protection Increased household bills, mortgage and rent costs, mean that protection […]
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 […]
Your behavioural biases
As an investor, you will have your own financial personality and preferences, which your adviser will consider when helping you to make financial decisions. Parallels with F1 You may not think so, but parallels can be drawn between Formula One (F1) and investing. In F1, drivers may make suboptimal decisions during races due to cognitive […]
BOMAD do their bit
The Bank of Mum and Dad (BOMAD) is being called upon to help with more than just a house deposit these days. As more parents and grandparents reach deeper into their pockets to help their offspring, it is vital not to compromise your own financial security. Mortgages and more One in four parents with assets […]
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 […]
‘Dog funds’
According to the latest data1, the number of ‘dog’ funds have increased by 27% since February this year, that represents 56 equity investment funds versus 44 earlier in the year, but a reduction on the 86 dog funds identified in January 2022. A ‘dog’ fund is defined as one which has failed to beat its […]
FIRE investing
Many of us dream about retiring early so we can devote more time to things we enjoy; but financial realities inevitably mean few of us actually realise those dreams. A growing number of people though are turbo-charging their chances of early retirement success by embracing the FIRE principles of investing. We didn’t start the fire […]