Economic Forecast
20th March 2023
Official forecasts released by the Office for Budget Responsibility expect the UK to avoid recession this year. Interest rates are now expected to peak at 4.3% in the autumn (0.7% lower than had been forecast last November), while inflation is set to fall sharply to 2.9% by the end of the year.
House prices are still expected to settle below current levels. The OBR predict a 1.1% decline this year and a 5.7% drop in 2024, before average values rise by 1.1% in 2025, 3.4% in 2026 and 3.6% in 2027.
As part of the government’s Levelling Up agenda, funding was announced for 12 new investment zones across the UK, with additional monies to aid regeneration initiatives. This can be expected to support house price growth in these areas over the medium term. Source: Dataloft, Office for Budget Responsibility
Who, How and Why of HMO Investors
12th July 2024
Around half of HMO (house in multiple occupation) landlords surveyed said that they use their property or portfolio as their…
Understanding the Labour Party’s Plans for the Rental Market
12th July 2024
With the Labour Party’s recent take over, we look back at their manifesto to identify the significant changes that are…
Explore Non-Traditional Deposit Options, Company Guarantors & Bills Packages: A Win-Win for Landlords and Tenants
12th July 2024
As the rental market evolves, there has been a notable 25%+ increase in demand for alternative deposit solutions, according to…