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…
For politics nerds, autumn means one thing: conference season. With housing top of the agenda for the Conservatives and Labour, this year provided much for conveyancers to chew on. However, for anyone with a healthier interest in politics wading through fringe speeches and policy seminars is a daunting – if not downright sleep-inducing – task….
The Organisation for Economic Co-operation and Development (OECD), an intergovernmental organisation consisting of 38 member nations focused on promoting economic dynamism and growth, has recently called for the UK government to scrap stamp duty. This call emerges as stamp duty rates are set to return to the previous thresholds made prior to the September 2022…
New research from Hamptons estate agents reveals that the number of first-time buyers leaving London has dropped below pre-pandemic levels. Does this mean, after years of first-time buyers being forced to purchase property in more affordable areas, London’s first-time buyer market is back? And, if so, what’s driving this trend? First-time Buyers Leading the Charge…
Purchasing property in London is expensive at the best of times. However, should your dream home happen to be near one of London’s green spaces, things can turn from pricey to eye-watering pretty quickly. Research from Foxtons reveals that, on average, properties adjacent to London’s parks are priced 53% higher than the market as a…
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