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 […]
Property
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 […]
Discussing downsizing
In principle, downsizing in retirement, after any children have flown the nest, is often the most financially sensible option for many people. As is so often the case in life, however, there can be a very wide gap between financial theory and real-world practice. Where people are under no financial pressure to downsize, the convenience […]
Is Buy To Let Still Worth Investing?
Over recent times, tax changes have delivered a sharp blow to the buy-to-let market and yet it has simply rode out the punch and stood firm. This is a pretty clear reflection of the strength of the market, which is essentially based on the fact that the UK has a chronic shortage of housing of […]