Recent data from the Office for National Statistic shows that the rate of home ownership among young people, has fallen by 10% between 2008 and 2017. That means that now, just 27% of young people aged between 22-29 own a home of their own.
As George Osborne continues to support Prime Minister David Cameron’s campaign to persuade Britons to vote to remain in the European Union at the June 23rd referendum,
While Brexit is likely to cause ripples - at the very least - in the UK's housing market, the rental market is expected to remain pretty steady. The slow pace at which any change to the UK’s status will occur is, of course a factor in this assessment while little expected change in demand is another.
By some estimates, as many as 100,000 financial services jobs could be leaving the UK as a result of Brexit - and a disproportionate number of those workers live in crowded, in-demand central London. Will your dream house suddenly become easier to find?
The month of April is over, but much of the news that was reported lingers on, particularly in the housing market. Among the top topics that caught ours and the nations interest related to Brexit and housing market activity, rogue landlords and news that lender NatWest lifted its Buy-to-Let mortgage restrictions to allow so called ‘social security’ tenants.
The news surrounding the UK’s property market during April has been interesting, as always. We’ve picked out a few highlights to help keep you abreast of everything need to know!
First of all, we’re going to start with some house price news from the monthly Nationwide and Halifax indices, before moving onto some other relevant reports.
With still no agreement at Westminster over Brexit, political uncertainty is affecting the country on an increasing scale. Not knowing what type of Brexit will eventually be thrust open us, nor how everything from the price and availability of food to our ability to travel will be affected once it finally happens, is creating indecision across multiple areas.
The summer months are often quiet ones for the UK’s property market. However, there’s always some news around that’s of interest to anyone who likes to keep up with it and August has been no different.
Brexit’s effect on property has been a popular topic this month, particularly as a legal case is currently ongoing to decide whether or not Brexit is a reason to allow a company renting property on Canary Wharf, to break its contract. While it’s a commercial property story, the result could have implications for the residential market too.
2016 may well go down as the year when political decisions have had the most influence on the ups and downs of the property market.
Experts are predicting there will be no long-term adverse effects on the UK housing market, despite the recent triggering of Article 50. Here are some of the reasons why this may hold true:
Growth in the UK’s construction sector was subdued in the third quarter of this year, something which is expected to continue on until 2017 when mixed fortunes will favour different sub-sectors, two separate reports show.
Brexit remains a constant source of worry and uncertainty for many people. But, with the overall economy apparently shrugging many of those fears off, it can be hard to accurately measure the true impact of the referendum on Britons’ spending plans.
As the UK’s Prime Minister campaigns to secure a stronger Brexit mandate with a snap election, the country’s younger home-buyers remain worried over just what impact the UK leaving the European Union will have on the economy. And, such are many of their concerns, that they’ve chosen to put off making that most significant of purchases – a home.
The Brexit deadline is looming, and very soon Britain could leave the EU – or not. It all depends on how the next few days and weeks pan out. But whether we leave at the end of October or at a future date, landlords need to prepare for the changes that Brexit will bring. Here we look at some of the most important.
Buying a home is always a big decision, even when everything is on the up and you’re feeling confident. However, with an undecided Brexit still dogging the economy, is now really the right time to make one of the biggest investments of your life and buy a property?
Whether you voted for it or not, Brexit has happened. While many predictions were made about what would happen to the property market should the UK vote to leave the EU, now we are getting the first indicators of what is actually happening.
British-based architects are losing confidence as the rate of new work is slowing, a recent survey from the Royal Institute of British Architects, (RIBA) shows. It also highlights a split between northern and southern-based practices, with northern firms more confident than their southern counterparts.
Over a year down the line and still years away from a final resolution, Brexit continues to impact a variety of behaviour and markets. One of those markets suffering from the impact of the UK’s vote to leave the European Union, is the purchase of Spanish property by Britons.
Whilst the buy-to-let market has been beset by worries on all sides – Brexit, new tax schemes and the weak pound – a majority of buy-to-let investors now say they are confident in their portfolios. Let’s look at the reasons why:
New Chancellor of the Exchequer Philip Hammond’s first (and last!) autumn statement may have lacked the rabbit’s previous chancellors have pulled out of hats. But, it did have a couple of things in common with George Osborne’s preferences, an onus on more housing construction and tinkering with the private rented sector (PRS).