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And so it begins! The doom and gloom of the property market indices which are now starting to produce figures which suggest property prices are heading into reverse. I do find it interesting that much of this is being blamed on the mini budget, sure it didn’t help, but all the forecasters predicted a slowdown this year which has only just appeared. We have very short memories in the property market!
Some absolutely fascinating data from the indices this month. The longevity and comparisons of current rises/falls in the market over time for a decade or more are extraordinarily helpful to those working in the market – and reassuring for buyers and sellers. Read the article to find out what's currently happening in the property market and what impact will the latest policy changes have on the property market in the future.
With reports of a property price ‘crash’ growing in the media, it’s easy to look at this month’s reports and think they are probably right – if you read the headlines and not the detailed analysis! Read my full price report here to find out what's really happening in the property market.
The crazy revelation from the pandemic that property prices have, for the first time, divorced themselves from one of the biggest economic recessions in our history, has meant that forecasters have had a pretty tough time over the last few years! Read more to find out which regions and forecasters have got it right or wrong to date.
The Government has taken significant steps to reform leasehold ownership of residential property with the introduction of the Leasehold Reform (Ground Rent) Act, which came into force on 30 June 2022 and effectively abolished ground rents for brand new leases of houses and flats. Read this article to find out where we are now and what happens next for Leasehold Reforms.
