Strong overseas interest
Posted by: Titlesolv
The commercial property market in central London has continued to defy expectations of a Brexit downturn and remains an attractive prospect to many buyers.
Going up
Posted by: Titlesolv
Despite recent political uncertainties and fluctuations in sterling, in the longer term it seems likely that investors will continue to place their capital in UK real estate to obtain much-desired certainty.
Remortgages rise post-Brexit
Posted by: Titlesolv
Figures published by the Bank of England in the summer confirmed the predicted slowdown in the property market and subsequent fall in mortgage applications following the Brexit vote. This was in addition to the stamp duty increase on buy-to-let properties in the last Budget. In contrast however, the popularity of remortgages grew; increasing by 6% from June to July this year.
Funding dilemmas
Posted by: Titlesolv
The post-Brexit property market is proving to be unpredictable with all involved taking precautionary steps to guard themselves against any potential longer-term fallout. Following three years of growth the housing market had already been slowing in the months leading up to the referendum. The result certainly did not improve its fortunes. Perhaps unsurprisingly in the aftermath of the referendum result, the FT reported that homebuyers were now ?assessing the potential impact of the vote on house prices?.
A Renewed Outlook on Emissions
Posted by: Titlesolv
In accordance with the 1997 Kyoto Protocol industrialised nations pledged to cut their yearly carbon emissions as measured in six greenhouse gases by an average of 5.2% by 2012 as compared to 1990. This equated to a 29% cut in the values that would have otherwise occurred.
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