A smoother end to 2025? The second half of the year should be smoother for the UK housing market, according to Knight Frank. The first six months of 2025 brought some uncertainties, with Trump’s trade tariffs, ongoing geopolitical conflict and Stamp Duty changes. However, things may be looking up. Buyer activity seems to be recovering after Stamp Duty thresholds reverted Read More
Economic Review – June 2025
Our latest Economic Review looking back on June includes – UK economy Q2 figures, BoE keeps Bank Rate, what will happen in the Autumn Budget and retail sales figures show a sharp drop. The UK economy grew modestly in Q2, recovering slightly after April’s sharp GDP contraction of 0.3% The Bank of England held interest rates at 4.25% but signaled Read More
Residential Property Review June 2025
May sales hit post-2022 high as housing market regains momentum Rightmove says May 2025 was the busiest month for agreed sales since March 2022. The rush to complete before April’s Stamp Duty changes caused a spike in March, followed by a 4% dip in buyer demand and the slowest annual May price growth since 2016. Despite this pause, home-movers have Read More
Economic Review May 2025
UK growth beats expectations First quarter gross domestic product (GDP) data published last month by the Office for National Statistics (ONS) showed the UK economy grew more strongly than had been predicted during the first three months of 2025. According to the latest GDP statistics, economic output rose by 0.7% between January and March, up sharply from a rate of Read More
Residential Property Review May 2025
Improving rate outlook boosts UK forecasts Knight Frank has raised its house price forecasts amid signs of a more supportive interest rate environment. The revision follows the Bank of England’s recent rate cut to 4.25% and growing expectations of further reductions this year. Even if those cuts don’t materialise, Knight Frank says cheaper fixed-rate mortgages will underpin demand in the Read More
Economic Review April 2025
UK economy returns to growth Data released last month by the Office for National Statistics (ONS) showed economic growth was stronger than expected in February, although more recent survey evidence suggests this pick-up may prove short-lived as economic headwinds threaten growth prospects. According to the latest gross domestic product (GDP) statistics, economic output rose by 0.5% in February, the fastest Read More
Residential Property Review April 2025
Most homeowners underestimate property value by tens of thousands Zoopla research says most homeowners are in the dark about their property’s true value. While house prices have held steady in recent years, long-term growth has come as a surprise to many homeowners. Zoopla’s data shows 64% of homeowners underestimate how much their property is worth. Over a third valued their Read More
Economic Review March 2025
Chancellor trims spending plans Rachel Reeves delivered her Spring Statement on 26 March, unveiling welfare cuts and spending reductions in order to balance the government’s books in the face of a worsening fiscal outlook. The new spending plans were required to ensure the Chancellor stays on track to meet her two self-imposed fiscal rules, which she confirmed remain “non-negotiable.” An Read More
