Budget caused uncertainty in the market
There was some uncertainty within the housing market ahead of the Autumn Budget at the end of October, which was reflected in muted consumer activity.
Residential Property Review – November 2024
Monthly Archives: November 2024
Commercial Property Market Review November 2024
Commercial property market outlook
Despite anticipation of the Autumn Budget, Savills reported that the commercial property market remained stable in October, with some areas of growth.
Equity release update
Data suggests that confidence is growing among new and existing equity release customers.
Equity release customers rose by 12% in Q2 of this year, with total lending increasing by 15% to £578m1. There was also a quarterly and annual increase in the average loan size, which indicates that customer confidence is being restored.
In the news
Equity fund inflows on the up
Statistics1 show that, during the first half of 2024, net inflows to equity funds were over £11.3bn, the best six-month recording for equity funds according to global fund network Calastone’s ten-year record. Of the most positive inflows, North America and global funds recorded £7.8bn and £7.2bn respectively, with emerging market and European funds also recording inflows, offset by outflows for income funds and UK-focused funds. Head of Global Markets at Calastone, Edward Glyn, commented, “Hopes for cheaper money after the painful rate squeeze of the last two-and-a-half years are the clear driver of record flows into equity funds so far this year.”
Which pension personality are you?
A recent study1 has identified several distinct pension personality types, each with its own strengths and challenges. Which one resonates with you?
HNWIs on the rise – and their needs are changing
A new report1 suggests the wealth of ‘high-net-worth-individuals’ (HNWIs) – grew by 4.7% in 2023, with the HNWI population increasing by 5.1% to 22.8 million globally.
In the news
Northern cities surge in mortgage searches
As buyers consider more affordable housing options beyond the capital, the six major Northern cities of Leeds, Bradford, Manchester, Liverpool, Sheffield and Newcastle have witnessed a significant increase in purchase mortgage searches and now account for almost 11% of all mortgage search activity, up by two-thirds on last year1. This surge in demand highlights a broader shift for affordability and life improvements.
Finding midlife balance
Midlife can be demanding. Having moved onto – and, perhaps, up – the housing ladder, started a family and settled down, you would think you might have earned an easy ride.
The new Renters’ Rights Bill – what does it mean?
The Labour government has designed a Renters’ Rights Bill, aiming to improve the rights and protections for tenants.
Changes have already been made to improve rights in Scotland and Wales, so the proposed Bill will be applicable to renters in England, with some elements stretching to Wales.
Economic Review October 2024
Economy set for short term Budget boost
New economic projections produced by the Office for Budget Responsibility (OBR) suggest the Labour administration’s first Budget will provide only a ‘temporary boost’ to UK economic output.
