Economics
William Carrington: On interest rates, inflation & the coming market slowdown
There is a lot of bad news out there right now and the property market will not be immune from interest rate rises and inflation, writes LonRes chairman William Carrington…
Agency reports ‘sense of urgency’ in London market as more interest hikes loom
Sales enquiries across Chestertons’ 32 branches were up by 39% last month
‘The risks are rising’: Top analyst warns of a looming property market downturn
"Underlying fundamentals suggest house prices are reasonably priced at current levels," says Neal Hudson, but "the fundamentals may be about to change – potentially quite quickly."
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.
Rising interest rates & cost of living ‘yet to impact’ prime property buyer budgets
“With the market as competitive as it is, motivated buyers can ill afford to reduce budgets, despite rises to mortgage rates and household bills," says Savills.
UK house prices likely to fall in 2023 & 2024, predicts Capital Economics
Influential forecasting house expects average property values to drop by 5% overall through 2023 and 2024.
UK house price growth to slow as cost of living bites – Knight Frank
House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest market movements in less than five minutes, featuring data and analysis from Foxtons, Savills, Knight Frank, Zoopla & more
Soaring energy costs will push buyers towards more efficient new-build homes – JLL
The new homes industry has an opportunity to attract a new wave of buyers and tenants looking to save money - and do their best for the climate - says agency
Monday Market Review: Keys figures & findings from the last seven days
Catch up on all the latest market movements in less than five minutes, featuring data and analysis from the ONS, Hamptons International, Savills, Chestertons and Twenty EA.
Spring Statement 2022: Property industry reactions
Our panel of buying agents, estate agents, housebuilders and architects weigh-in on the Chancellor's latest announcements, including cutting VAT on energy-efficient home improvements.
Chancellor cuts VAT on energy-efficient home improvements; commits to reducing Income Tax in 2024
Energy-efficient home improvements - such as solar panels, heat pumps and insulation - will face no VAT for the next five years.