In 2023, the UK property market has witnessed a remarkable trend as an increasing number of buyers are turning to auctions to purchase properties. This surge in auction activity, with a notable 22% rise compared to previous years, can be attributed to several key factors shaping the current landscape. 1. Competitive Advantage and Opportunities: Buyers …
Mounting concerns over persistent inflation have prompted experts to suggest that interest rates in the UK may stay higher for longer than initially anticipated. As the economy grapples with a stubborn inflationary environment, the prospect of prolonged higher interest rates is raising questions about the impact on borrowing costs, household finances, and economic growth. In …
UK Interest Rates Set to Remain High for an Extended Period Read More »
The UK housing market has long been a pillar of stability, but recent rumblings have ignited concerns that it may be on the verge of a crash in 2023. As economic uncertainties, changing demographics, and shifting market dynamics converge, industry experts are cautioning stakeholders to brace themselves for potential turbulence. In this article, we delve …
In a dramatic turn of events, the UK’s housing market has been rocked by a significant drop in house prices on 30th June 2023. This unexpected development has sent shockwaves through homeowners, prospective buyers, and industry experts alike. In this report, we delve into the factors behind this sudden decline, examine the potential implications for …
The UK government is committed to promoting energy efficiency and reducing carbon emissions in the rental sector. As part of this initiative, significant changes are underway in the Energy Performance Certificate (EPC) regulations for landlords in England. By 2025, landlords will be required to ensure their properties achieve a minimum EPC rating of C. This …
The United Kingdom has long been grappling with a housing crisis, characterised by skyrocketing prices, increasing homelessness, and a shortage of affordable homes. In an effort to tackle these pressing issues, the UK government has introduced the New Social Housing Bill. This comprehensive legislation aims to revamp the social housing sector, increase the availability of …
The United Kingdom’s housing market has always been influenced by numerous factors, with mortgage rates serving as a vital indicator of the sector’s health. In recent months, mortgage rates in the UK have undergone significant fluctuations due to various economic uncertainties. As borrowers and lenders alike try to navigate through these uncertain times, understanding the …
An Analysis of Mortgage Rates in the UK Amid Economic Uncertainty Read More »
