Global Recovery

There is plenty of optimism surrounding the global economy. The Eurozone’s surprise recovery in 2017 has created confidence for the year ahead, and even Mr Draghi, the President of the European Central Bank (ECB), signed off the year with a more optimistic outlook. In fact, the IMF think economic growth in the Eurozone will reach … Read more

Relative performance of London property

Is property investment growth still possible?   Aside from the cachet of living in one of the world’s most desirable cities, investment in London property still has to be attractive from a financial viewpoint. Low interest rates have had a negative impact on investment returns in many financial markets, pushing investors to search for yields … Read more

Hopes for growth

The performance of the UK economy in 2017 can be classed as decent, but unspectacular. Economic conditions will be challenging over the next three years too as uncertainty over Brexit still looms large and economic growth (GDP) is likely to slow over the next 12 months. But the low Sterling exchange rate combined with global … Read more

International Buyers returning to Prime Central London

The proportion of prime central London property bought by international buyers increased to its highest level since the EU referendum in Q3 2017. International buyers accounted for 51% purchases in prime central London, up from 44% in Q2 2017. This is the highest proportion since Q3 2016 when 60% of prime central London property was … Read more

Yield achieved by the top 10% of landlords

As house prices have risen faster than rents over the last three years, most landlords have seen their returns squeezed, but many have benefited from capital appreciation. Over the last five years the average landlord saw their yield fall by 0.8% to 5.3%. But landlords haven’t been equally squeezed.  The top 10% of landlords who … Read more

Don’t worry, be happy!

While there’s lots of uncertainty about the future of the economy as the Brexit negotiations rumble on, it seems that consumers are looking on the bright side.  They are continuing to spend, despite the squeeze on their finances from high inflation.   The latest data show an underlying picture of steady growth in retail sales. … Read more

A brief guide to the budget

Overall the Budget was helpful for the housing market, although we could always ask for more. The change in stamp duty lifts the vast majority of first time buyers out of the tax and that will help to encourage more activity in the market. But movers also suffer from the tax and it would have … Read more

International Buyers

International buyers have traditionally seen the UK as a safe haven to invest in property.  They’ve seen prime UK property perform better than many other assets and also property in other major cities across the globe.   International buyers have historically bought in prime central London, but today they’re increasingly looking beyond the most expensive … Read more

Gathering interest

It’s been more than a decade since there was an increase in interest rates in the UK.  Back in July 2007 the Bank of England base rate increased from 5.5% to 5.75% – a number that is hard to take in now we have had rates at 0.5% or below for eight and a half … Read more