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In a bid to foster growth-friendly tax cuts, the Institute for Fiscal Studies (IFS) is urging the Chancellor to prioritise a reduction in stamp duty on property and shares in the upcoming Spring Budget. This recommendation comes as a response to the belief that…
For many, the prospect of entering the property market seems like an insurmountable challenge, with hurdles such as saving for a deposit, securing a mortgage, or finding a property at the right price acting as formidable barriers. However, the British government…
In a recent economic twist, the United Kingdom finds itself navigating the tumultuous waters of a recession. As of the close of 2023…
Inflation in the United Kingdom remained at 4% in January, defying expectations of a modest rise to 4.2%, according to official figures released by the Office for National Statistics. This stability, though surprising to many economists, was attributed to lower food prices, which offset the escalating costs of gas and
In the wake of tragedies such as the Grenfell Tower fire in 2017, the UK government introduced the Building Safety Act 2022 to address safety concerns in high-rise buildings. This article aims to simplify the complexities of the act, explaining why it came into effect…
In a move aligned with market expectations, the Bank of England (BoE) decided to maintain its base rate at 5.25%, signalling a continuation of its cautious approach to monetary policy. This decision follows the recent trend set by the European Central Bank…
In a positive turn for the UK housing market, house prices experienced a welcome increase of 0.7% in January, marking a noteworthy recovery following a 0.2% dip over the past year. According to Nationwide’s latest house price index, this improvement indicates a significant rebound…
The real estate market is an ever-evolving landscape, and as we step into 2024, the burning questions on everyone’s mind revolve around property prices. Should you buy now, or wait for a potential dip? Is it the right time to sell? To shed light on these queries…
The UK’s inflation rate climbed to 4% in December, marking a 0.1% increase from the previous month’s 3.9%, but what does this mean for the property market?
The property market in the UK is buzzing with excitement as mortgage rates take a welcome dip. In the wake of recent news about rate reductions, it’s crucial to dissect what these lower rates truly signify and the potential implications for the market in the coming months.
