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
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
The Bank of England voted to raise rates to 0.5%, up from 0.25%, but this is not the start of a run. Only two more 0.25% increases in rates are expected over the next two years, which would bring the rate to just 1%. This rise in rates will make little difference to the housing … Read more
We all know that inflation is rising – largely because sterling has fallen against other currencies, making imports more expensive. We import quite a lot so it adds a fair bit to the average inflation rate. But which inflation rate? There’s RPI – the retail prices index; CPI the – consumer price index and now … Read more
There have been numerous reports out this week showing that first time buyers have seen a steep rise in property prices. Rightmove have stated that the average asking price for a first time buyer property (with 2 or less bedrooms) has risen by 3% during September. In contrast to this figure, the annual verage price growth across all property types … Read more
July’s countrywide lettings index shows that rental growth slowed across every region of the country. London recorded the first annual drop in rents for six years, falling by 0.5 % over the past 12 months. . Rents in London 0.5% lower than in July 2015 . Stock surge sees the number of homes available to … Read more
The final chapter of the housing journey begins when people start trading in large family homes for smaller ones.
Having traded up from a flat or a smaller house, the middle of the housing journey is firmly the preserve of families living in large homes.
We’re comfortable talking about first time
buyers, a journey given much scrutiny and much measurement, but we are much less likely to talk about those moving for the first time.