UK inflation rate declines Data released by the Office for National Statistics (ONS) showed the UK inflation rate fell by more than expected in June, leading analysts to predict that interest rates are now likely to rise less sharply than previously feared. The latest inflation statistics revealed that the Consumer Prices Index (CPI) 12-month rate […]
Monthly archives: August 2023
Residential Property Review – July 2023
RICS survey shows demand falling Activity in the residential sales market deteriorated in June, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with negative net balance readings returned across many indicators. New buyer enquiries fell to a net balance of -45%, compared to -20% recorded in May, the […]
Commercial Property Review – July 2023
H1 hotel investment The latest Knight Frank analysis of the UK hotel sector shows that transaction volumes were around £860m in H1 2023, 60% below investment volumes for the same period one year earlier. There is a challenging environment in the UK, reflective of the macro-economic environment, with sluggish GDP growth. Some deals have […]
Home Finance – In the news
Apartment sales drive recovery Agreed residential sales have returned to pre-pandemic levels for the first time since September 20221. The number of sales in March 2023 was only 1% behind March 2019, with the recovery largely driven by sales of apartments, which are now 10% above 2019 levels. In total, agreed sales remain 18% below […]
