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

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

Inflation? Which Inflation

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

First time buyers face more problems

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

London rental growth stalls

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