Articles
House prices to soften?
An “inevitable” softening of house prices is expected this Autumn after the recent property market boom. Experts are predicting that come August, house prices won’t increase at the rate we have seen across England and Wales. This will correspond with the end of the Stamp Duty holiday and less urgency to get transactions over the line swiftly.
Home, hybrid or office workspaces?
As of July 19, white-collar workers across the UK were no longer subject to government restrictions. Anyone working in an office could return to their dusty desk and enjoy another degree of normality.
Inflated house prices wipe out Stamp Duty savings
The UK Government introduced a Stamp Duty holiday for some home buyers during the coronavirus pandemic as a way to stimulate the housing market. By reducing the land tax collected on property purchases for first-time buyers and below a set value, it was hoped that the market would be stabilised while in-person viewings were not possible.
Inflation surges to 2.1%
The rate of inflation has surged in the UK, surpassing the Bank of England’s target. By surpassing predictions, the Bank of England’s Monetary Policy Committee (MPC) may need to adjust existing strategies. Uncover the details about the surge in inflation in this short blog.
Interest rates to remain low in BoE report
The Bank of England uses the quarterly Monetary Policy Report (MPR) to project inflation rates and analyse the UK economy, which is then used by the Monetary Policy Committee to decide on the interest rate in the immediate future.
The report of the first quarter of 2021 states that the Bank of England is committed to supporting the economy during the COVID pandemic by keeping interest rates low.
