An integral Labour manifesto commitment is to be the party to ‘deliver the biggest increase in social and affordable housebuilding in a generation.’ In an effort to build 1.5 million properties by the end of the parliamentary term, Labour has set out several bold initiatives intending to quicken the pace at which development projects are…
Market performance has picked up over the summer. A combination of a stable economy, greater clarity in government policy, and an uptick in consumer housing demand has spurred growth in the property industry, so much so that Richard Hughes, a commercial property team member at Moore Barlow, has remarked that ‘we could be on the…
The cost of living crisis has truly sunk its teeth into Britain. Since late 2021, the price of almost everything has climbed and climbed. And there’s barely a sector of the economy it hasn’t touched. Whether it’s food shopping, utility bills, or travel, we’ve all seen our buying power dwindle over the last few years….
The ramifications of the 2024 general election have prompted dialogue among investors, potential homebuyers, and financial analysts of the future of the UK housing market, given the seismic realignment in UK politics with the Labour Party achieving a 174-seat majority and ending 14 years of Conservative rule. Chief among the topics discussed during the campaign…
Interest rates continue to be a focal point of discussion for economic analysts and politicians. Given that interest rates have remained frozen at a sixteen-year high of 5.25 per cent since August 2023, there remains considerable speculation concerning the date at which interest rates will be lowered. Fuel was added with the latest comments from Ben…
Back in 2015, the Bank of England, using a set of stress tests to assess the effectiveness of banks in the event of a financial crisis, expressed concern towards the UK buy-to-let market, which informed the decision that year to limit residential mortgages worth more than 4.5 times the holder’s income. Yet the most recent stress test, published in…
With the Bank of England holding interest rates for the fifth consecutive time at 5.25% last month, speculation concerning the state of the housing market continues to be had as we head into spring. Despite the fact that interest rates increased to levels not observed since 2008, industry analysts are impressed with the current stability…
Cast your mind back to late 2022. Things looked bleak. The Government’s autumn mini-budget had tanked the UK economy and most property pundits were certain it was a case of ‘how far’ rather than ‘if’ house prices would fall. It wasn’t unusual at the time to see gloomy predictions of 10-15% drops and a property sector in meltdown. Price…
If you’ve caught up with conveyancing news in the last few days, you’ll have heard about the “cyber incident” affecting around 80 law firms across the UK. Legal sector infrastructure provider CTS has been forced to stop firms from accessing its systems, bringing exchanges and completions to a grinding halt. This got us thinking, is cybersecurity taken…
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