Official Economic Forecast
22nd 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
Where to Rent in Brighton: A Guide to the Best Neighbourhoods
24th January 2025
It’s that time of year again—Christmas has come and gone, the festive buzz is fading, and New Year’s resolutions are…
Employee of the month – December
14th January 2025
We are thrilled to announce that Firdows, our dedicated Finance Administrator, has been awarded the Employee of the Month! Firdows…
Renters Rights Bill update
14th January 2025
The Renters Rights Bill returns to the House of Commons today, 14th January 2025. MP’s will be discussing the latest…
