News in Review

“Inflation held steady in August as various price fluctuations offset each other”  Last week, the latest UK inflation data for August came in as anticipated at 2.2%, still marginally above the Bank of England’s (BoE’s) target level of 2%. The rate, published by the Office for National Statistics (ONS), was unchanged from July.  Services inflation, […]

Residential Property Review – September 2024

Recovery in the residential market  Recent data indicates that the residential property market is continuing to recover.   According to TwentyCi, in the period from June to August 2024, sales agreed were only 1% lower than pre-pandemic levels. Promisingly, the number of new property listings was up 3%, indicating growing confidence among sellers. Meanwhile, Bank of […]

News in Review 

“I’ve been really clear that the Budget… will require difficult decisions”  Last week, Chancellor Rachel Reeves, who faced criticism over the Winter Fuel Payment vote, said the Budget on 30 October is set to involve “difficult decisions,” on key areas such as spending, tax and welfare.   Her cautionary tone came hot on the heels of […]

News in Review

“While the UK economy will perform better this year, it’s unlikely to be heading into the fast lane any time soon”  The UK economy will now grow at a faster rate than previously thought in 2024, according to a report by the British Chambers of Commerce (BCC) released last week.  The upgrade to 1.1% for […]

Guidance for first-time buyers

Getting a foot onto the property ladder has always presented challenges. Research suggests FTBs could currently be experiencing the most expensive conditions in 70 years1.  Who is most affected?  In the current property market, a successful first purchase often requires two high incomes plus financial support from family members. Therefore, those who are buying alone, […]