October 30th Budget set to shake foundations of Property Market

In a rising property market, the sun is always shining, and although I can’t say that transactions are not happening, there is still life out there and according to the Royal Institution of Chartered Surveyors (RICS), we may be in positive territory for the first time since October 2022.1

It’s interesting to note that throughout the Election and beyond, trading in residential property was oblivious to the change from the political livery of Blue to Red, probably because the result was a self-fulfilling prophecy on the part of the Electorate.

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Being Totally Reliant on the Digital World is the Achilles Heel of Today’s Society

With the most recent IT outage issue in mind, where you can’t book a flight, order on Amazon, get a take-away or Uber and when the CHAPS payment method fails and property solicitors can’t complete transactions, we are reminded about how reliant we are on the internet and the digital world.

When it fails, we are totally stymied and or world grinds, summarily, to a halt.

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With the looming possibility of a socialist government in a few weeks’ time, how will it affect the residential property market?

Well, well, well, who would have ‘thunk’ it?  In December 2019, when Boris Johnson came storming in on a white charger, with an 80-seat majority, in statistical terms, it looked as though the Tories should have been in power for not just one, but two electoral terms.

After four and a half years and three Prime Ministers later, having squandered this golden opportunity, the Tories are looking down the barrel of a shotgun which is primed, cocked and ready for ritual slaughter at the hands of Sir Kier Starmer. Not only does he not need to play on the pitch, nor don his football kit, but just has to turn up at the ground, to win the match.

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