The UK housing market is experiencing a resurgence in activity fueled by growing optimism among both buyers and sellers. Across major house price indices, prices are steadily recovering, signaling a renewed vigor in the market. Recent reports from leading indices such as Halifax and Nationwide demonstrate consistent upward trends in house prices over the past several months. Additionally, property...
A Below Market Value (BMV) property is one that is listed for sale at a price lower than comparable properties in the same area. Essentially, it presents itself as a bargain opportunity, often delivering on that promise. However, caution is advised, as sometimes there are underlying issues prompting a quick sale, such as costly structural problems or potential damage like dry rot. Hence, it's crucial...
When delving into any investment venture, understanding the concept of yield compression is essential. This article aims to shed light on what yield compression is, its significance, and how it impacts the capital value of investments over time. What is Yield Compression? Yield compression refers to the shifting perception of risk associated with an investment. It reflects the market's assessment...
If you're involved in managing or investing in HMO (House in Multiple Occupation) properties, understanding the intricate web of regulations surrounding HMO licences is paramount to your success. Let's delve into the essential details you need to know: Understanding Mandatory HMO Licences A mandatory HMO licence is a legal requirement for certain properties that meet specific criteria established by...
The decision by the Monetary Policy Committee of the Bank of England to maintain the Bank Rate at 5.25% amidst concerns of inflation resurgence has sparked discussions about its implications for the property market in the UK. This deliberate approach to economic management has shown promising signs, particularly with a significant drop in inflation recently. In this article, we'll delve into how these...
In the wake of a pronounced slowdown in the property market spanning the last two years, investors, buyers, and lenders have grappled with the confluence of soaring inflation and rising interest rates. The decision by the Bank of England to halt its rate-hiking cycle in August 2023 offered a momentary respite; however, the prevailing base rate of 5.25% starkly contrasts with the sub-1% levels...
As we step into the new year, the UK housing market braces for a period of transition and adaptation. With shifting dynamics and economic uncertainties on the horizon, stakeholders must be prepared to navigate the challenges and opportunities that lie ahead. In this comprehensive analysis, we delve into the projections and forecasts shaping the landscape of property prices, rents, and market activity for...
The current economic climate continues to wield its influence on the preferences of prospective property buyers, significantly impacting decisions on property co-ownership and shared living arrangements. Recent research conducted by Mortgage Advice Bureau has unearthed compelling insights into the evolving landscape of property acquisition, revealing changing attitudes and considerations in light of...
The UK's housing market, which witnessed a remarkable surge during the Covid-19 pandemic, is now exhibiting signs of moderation. Recent data from property portal Rightmove reveals a notable decline in asking prices for homes during August, the sharpest since 2018. After a string of four consecutive months marked by decreasing house prices, this shift hints at a broader slowdown in the property sector....
Economists are predicting a significant downturn in the UK property market, with a 10% drop in house prices anticipated by the end of this year. The EY ITEM Club’s Spring Forecast has suggested that the average price of a UK home could fall from £290,000 to £261,000, as the influence of the property market on consumer spending shifts. However, despite the slump in house prices, experts do not believe...