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Residential Property Review – July 2019

Posted on 28 June, 2019

Average earnings of £54,000 required to buy a home in the city Property website, Zoopla has released data to show that first-time buyers now need an average income of £54,000 to purchase a typical property in a UK city. This average income figure has risen by 9% since 2016, largely due to higher property prices. […]

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Economic Review – June 2019

Posted on 27 June, 2019

BANK CUTS GROWTH FORECAST The Bank of England (BoE) has reduced its growth forecast for the UK economy amid growing concerns over global trade tensions and fears of a no-deal Brexit. In its latest policy statement, the BoE said it now expects economic growth to be flat during the second quarter of this year, a […]

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Residential Property Review – June 2019

Posted on 25 June, 2019

Increase in second home ownership According to think tank, the Resolution Foundation, the number of British people who own overseas property, buy-to-let or second homes has doubled since 2001, with wealth from owning a second property having risen to almost £1tn. The findings also show that one in ten people now own an additional property […]

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