Economy

Image for September Property Investment Industry News

September Property Investment Industry News

September continues to demonstrate that, despite the expected turbulence of Brexit, the UK is continuing to grow, and property investment is still considered a sensible choice, especially for those nearing retirement age, or those lucky expats in the UAE with a tax free pension pot to put to good use. ...

Image for Property rentals to outstrip sales for first time since 1930s

Property rentals to outstrip sales for first time since 1930s

The property rental market is booming at the expense of the sales market, making it look as if house-buying will be outstripped for the first time in eight decades next year, as home-buyers face a continued struggle to find properties they can afford. Activity in the sales market has cooled ...

Image for ESPC House Price Report August 2016

ESPC House Price Report August 2016

Read the latest analysis from ESPC on what's been happening in the east central Scotland housing market.     Key findings The average selling price in Edinburgh increased by 7.7% between June and August of this year, compared with the same time period in 2015 Due to a shortage of housing stock, the number of ...

Image for UK interest rates cut to 0.25%

UK interest rates cut to 0.25%

UK interest rates have been cut from 0.5% to 0.25% - a record low and the first cut since 2009. The Bank of England has also signalled that rates could go lower if the economy worsens. The Bank announced additional measures to stimulate the UK economy, including a £100bn scheme to force ...

Image for Increased demand in UK property from overseas post-Brexit

Increased demand in UK property from overseas post-Brexit

Chinese investors are increasingly looking to buy British property, taking advantage of the low sterling after Brexit. Juwai, China’s biggest international property portal, said the number of Chinese buyer inquiries into UK property  in the month after Britain voted to leave the European Union was 40pc higher than average. Bernie Morris, head ...

Image for Breaking News …. Annual House Price Growth up 10.1%

Breaking News …. Annual House Price Growth up 10.1%

PROPERTY prices have soared by an average of more than £20,000 in a year to reach a new record high, according to Britain’s biggest mortgage lender. The market has returned to double-digit growth for the first time in almost two years, says the Halifax house price index. Buyers competing on price as ...

Image for UK house prices rise at fastest annual pace since mid-2014 – Halifax

UK house prices rise at fastest annual pace since mid-2014 – Halifax

British house prices rose in March at the fastest pace in seven months, bringing price growth on an annual basis back into double digits for the first time since mid-2014, mortgage lender Halifax said on Thursday. House prices rose 2.6 percent in March alone following a 1.5 percent drop in February, ...

Image for Economists’ forecasts: Policies will not stop house price rises

Economists’ forecasts: Policies will not stop house price rises

FINANCIAL TIMES (2016) Government initiatives to support home ownership and build new houses will fail to have any real impact in 2016, with UK property prices expected to keep climbing. None of the 88 economists who responded to this question* suggested a general fall in prices — 54 said current policies would either ...

Image for Edinburgh House Price Up 7.1%

Edinburgh House Price Up 7.1%

SCOTSMAN (2015)       A SPIKE in the value of city properties has created the perfect conditions for those looking to sell their homes, experts have said. House prices across the Capital soared by 7.1 per cent between September and November compared with the same period last year. And the value of properties across east ...

Image for Buy-to-let returns beat all other mainstream investments

Buy-to-let returns beat all other mainstream investments

TELEGRAPH (2015) Every £1 poured into buy-to-let in 1996 is now worth £15 – outperforming cash, bonds and shares over the same period, a new market study suggests. Buy-to-let investments have outperformed all major asset classes over the past 18 years, according to a study of the sector. As well as reflecting ...