Economics
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Savills, Rightmove, Knight Frank, Propertymark, Zoopla, Search Acumen & more…
The mini-Budget: What next for mortgages?
The government needs to calm financial markets as well as voters ahead of the next general election, says Tom Bill.
UK house prices ‘could easily fall 10% to 15%’, suggest economists
Economists expect interest rates to spike and house sales to tumble - meaning the last year's worth of aggressive property price growth could be rolled back.
Interest rate rise ‘motivates two-thirds of home movers to act now’, claims estate agency
Rising mortgage rates are "driving homeowners to sell now rather than wait until 2023," says Jackson-Stops, noting that this is "boosting housing stock across the country and in turn, helping to balance…
Major mortgage lenders pull products amidst market turmoil
Virgin Money, Halifax and the Skipton Building Society are amongst those to have pulled mortgage products.
Wealthy dollar buyers pounce on London property as sterling slumps
Top-end London property brokers are enjoying a bonanza of urgent interest from wealthy international buyers with US dollars to spend, looking to take advantage of a significant currency discount.
Required Reading: Kwarteng’s ‘mini-Budget’ for HNWIs & business owners
Mishcon de Reya's team of legal experts talks us through some of the key policy announcements in last week's big fiscal event.
Industry Reactions: Kwarteng’s big ‘mini Budget’ & Stamp Duty cut
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons, …
Stamp Duty slashed in Kwarteng’s tax-cutting spree
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.
BoE raises interest rates by 0.5% to 2.25%
The UK's base rate of interest has been rising since December 2021, as the Bank of England attempts to keep a lid on inflation.
Talking Heads: What would cutting Stamp Duty do to the housing market & economy?
It's being reported that Friday's "emergency mini-Budget" will feature a cut to Stamp Duty. Is this wise, and what impact might such a move have on the property market and on the wider UK economy?
Abrahmsohn on Truss’s ‘refreshingly radical’ plan to cut taxes
Super-prime estate agent Trevor Abrahmsohn hopes the new Prime Minister 'will succeed and be our Queen Boadicea in difficult economic times'.