The last few years have seen an eruption of geopolitical volatility. A pandemic, several global lockdowns, and the re-emergence of war in Europe have placed significant strain on the international economy – and its assets – dampening the investment landscape across the board.
The clock is ticking to make necessary energy efficiency improvements.
It has been revealed that the UK has 2.74 million unincorporated landlords and in 2020-21 they earned £41bn from rents, but the data also shows that 50,000 landlords have left the private rented sector (PRS) since 2019.
Property sales in the USA have taken a big fall, with affordability being at its worst level since 1985, and house price falling since June. Experts have predicted however, that Britain will be hit harder than the states.
An online rental platform warns the average rent bill could reach as much as £2,270/month if prices rise in line with the hikes already seen across other living costs.
First-time buyers pulled back most from purchasing a home after the increase in mortgage costs following the mini-budget, according to a report showing a widespread slowdown in the property market.
Bleak Autumn Statement Forecast After Mortgage Rates Jump.
Chancellor Jeremy Hunt stood up to deliver his crunch Autumn Statement, with Rishi Sunak's Government eager to repair Britain's reputation for fiscal discipline after September's disastrous mini-budget.
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