Despite Zoopla forecasting that the overall property market in London is likely to show signs of low economic growth in 2025, market activity in the capital city continues to hold firm. As the latest data by Savills underscores, the performance of the London property market continues to struggle, yet the one area London is doing…
A striking change will happen at the start of April 2025: stamp duty thresholds will be lowered from £425,000 to £300,000 for first-time buyers and £250,000 to £125,000 for second-time buyers. Reversing the stamp duty thresholds set in September 2022 is going to have a noticeable impact on the performance of the property market. Given…
Based on the UK economy growing for the first time in three months by 0.1%, the case is beginning to be made around the Bank of England lowering interest rates in February. Constitutive with this discourse is the trajectory of property prices across the UK. Fortunately, there is a general optimism that national property prices…
The Welsh Government has been embroiled in controversy following its decision to embrace several suggestions forwarded by the Senedd’s Housing & Local Government Select Committee. The most important suggestion is that landlords have to compensate evicted tenants under particular circumstances, chief among which are landlords wanting to sell or move back into their property currently…
According to the latest Quick Move Now figures, 28.8% of residential property transactions were terminated in 2024, despite the overall buyer demand being 20% higher as of 26 December 2024 than the same day in 2023. Such figures naturally engender the following question: what is causing property transactions to fall? Given that market conditions have…
Despite winning the largest number of seats in parliament since 1997, Labour is confronted by growing public discontent. The most recent Ipsos poll revealed that Prime Minister Kier Starmer’s approval rating has dropped from 36% in July to 26% in November, one of the sharpest post-election approval declines since 1945. Of all the voting groups…
After almost three years of economic woes, things are finally beginning to ease. Leading the positive news is last week’s announcement that the Bank of England (BoE) has cut interest rates for the second time this year, as expected. As of 7th November, Policymakers at the BoE have opted to reduce interest rates to 4.75%…
Speculation concerning the future performance of the property market is a major topic among industry experts in light of the Autumn Budget delivered on 30 October. Considering the positive uptick in market performance and growth over the past quarter, landlords, property experts, and consumers are eager to see these remain firm heading into the new…
The figures convey a positive image of the landscape of the property market, especially as house prices and property sales – two important metrics to gauge the health of the market – have increased over the past three months. It reflects the increased confidence being generated in the market, away from the pessimism which characterised…
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