The introduction of the SDLT (Stamp Duty) holiday sparked a frenzy in the housing market. Realistically, it was only to be expected that the end of the tax break would lead to a slowdown. Just like people, there’s a limit to how long markets can run at maximum speed. The key question, however, is, how […]
Mortgage
The Budget – Property
The UK now officially has a new Prime Minister. That means a new Chancellor of the Exchequer and a new, unscheduled, budget. Although it’s being billed as a mini-budget, the new budget has a lot to unpack for anyone interested in the UK’s property market. Here is a quick guide to its key points. Stamp […]
The End Of The Summer Housing Market
Children are back at school. Students are back at university. Strictly is back on TV. All the signs, therefore, point to summer being over and autumn getting started. Now, therefore, seems as good a time as any to look at what that could mean for the housing market. Increased reliance on listings and virtual viewings […]
Why are house prices still rising?
Back when COVID19 was still in full force, the UK government instigated a Stamp Duty holiday. This prompted a buying frenzy and, unsurprisingly, house prices rose. Since then, the pace of house-price growth has slowed. Overall, however, property prices are still rising. Why is this and what does it mean? The forces driving high prices in the housing market […]
What Does a Slowdown in Property Mean
It’s probably not a surprise that the housing market has slowed down over the course of the past year. The extent of the slowdown may, however, come as a surprise. HMRC recorded 55.1% fewer sales in June 2022 than in June 2021. Here is a quick look at the three main factors that may lie behind this and […]
The Government’s Vision For The Housing Sector
Assuming the UK sticks to its standard election pattern, the current parliament is almost halfway through its term. This means politicians across the board will be starting to gear up to contest their seats. Boris Johnson’s current raft of housing-related proposals looks like an opening salvo in the Conservative’s electoral campaign. Here is a brief […]