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Viewing entries tagged with 'news'

No pick-up on the horizon' as Brexit uncertainty continues: RICS

Posted by MMB Finance Swindon and Gloucester on 13 December 2018

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Continuing uncertainty created by the Brexit process is causing buyers and sellers to sit tight in increasing numbers, according to the latest RICS UK Residential Market Survey. The latest survey shows a weaker trend in sales than previous months with the headline indicators for demand and supply falling once again, as almost half of respondents cite political uncertainty caused by Brexit as impacting the UK housing market.

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Halifax Annual house price growth falls to six year low

Posted by MMB Finance Swindon and Gloucester on 7 December 2018

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The latest data released by Halifax on the UK housing market has revealed that average house prices in the three months to November were 0.3% higher than in the same three months a year earlier – slowing from the 1.5% annual growth recorded in October, and recording the lowest rate of growth since December 2012.

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House prices to fall 30% under 'disorderly' Brexit: BoE

Posted by MMB Finance Swindon and Gloucester on 29 November 2018

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The Bank of England has reiterated its earlier claims of a 30% fall in house prices under a 'disorderly' Brexit scenario. The Bank published its analysis of the Withdrawal agreement yesterday, which included estimates for GDP, house prices, unemployment and inflation in both a 'disorderly' and a 'disruptive' Brexit scenario. In the 'disorderly' Brexit scenario, there is no deal and no transition period which leads to a severe economic shock. The UK loses existing trade arrangements that it currently has with non-EU countries through membership of the EU and there is a pronounced increase in the return investors demand for holding sterling assets.

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Brexit: Your simple guide to the UK leaving the EU

Posted by MMB Finance Swindon and Gloucester on 26 November 2018

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Feeling a little lost on Brexit? Never really got your head around it in the first place? Let us walk you through it.

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House prices falling as demand weakens RICS

Posted by MMB Finance Swindon and Gloucester on 8 November 2018

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A recent softening in new buyer demand is now causing house prices to fall nationally, according to the latest RICS residential market survey. However the regional picture remains highly varied, with some parts of the UK still seeing fairly strong price growth and much of the weakness continuing to stem from London and the South East. East Anglia, the South West and the North East also returned negative readings. Respondents said a sustained softening in demand over recent months has likely driven the weaker price trends in parts of the country.

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