In a notable move within the financial sector, RAW Capital Partners has appointed Mark Stevens as the new head of credit, a role key to the firm’s strategic ambitions. Stevens arrives with over four decades of banking experience, significant leadership positions at major institutions like Northern Trust, Butterfield Bank, and Barclays Bank, and a robust focus on credit and risk management. His...
In an intriguing twist within the food industry, the plant-based sector is experiencing a significant decline despite its earlier rapid growth. A recent report by the Good Food Institute highlights a notable decrease of9.9% in unit sales of plant-based foods in the UK from 2022 to 2023, raising questions about the future of this once-booming market. Renowned chef Neil Rankin, who ventured into the vegan...
The recent budget announcement by Chancellor Rachel Reeves has sparked a varied range of responses among property experts, particularly concerning the housing market's trajectory. Significant changes included an immediate increase in the Stamp Duty surcharge on second homes from 2% to 5%. This move has raised concerns about affordability and accessibility in the housing sector, with stakeholders expressing...
The UK housing market is currently witnessing an impressive upswing, as recent data reveals house prices have reached an astonishing record high of £299,138 in January 2024, following a notable monthly increase of0.7% (UK House Price Index, 2024). This growth, representing a substantial 3% rise over the past year, is particularly pronounced in northern property markets, where demand is surging (Nationwide...
In a significant move that is set to influence the UK housing sector, the Bank of England has announced a reduction in its key interest rate from4.75% to4.5%. This decision, made during a meeting of the Monetary Policy Committee, aims to foster a more vibrant economic atmosphere and stimulate growth within the crucial mortgage and property markets. Experts anticipate that this rate cut will provide a...
The UK housing market is witnessing a significant resurgence, propelled by record house prices, decreased mortgage rates, and a surge in buyer confidence. Recent data reveal that the average house price has hit an unprecedented high of £299,138, with a notable month-on-month increase of0.7% and a robust annual growth of 3%. There is a particularly marked activity in the northern housing markets, which are...
In a significant move that reflects changing economic conditions, the Bank of England's Monetary Policy Committee has announced a reduction in the UK's key interest rate from4.75% to4.5%. This decision, which was largely anticipated by financial markets, is poised to have extensive implications for mortgage rates and the wider housing market. As lenders begin to adjust their offers in the wake of this...
In the dynamic realm of property investment, the UK housing market remains an area of keen interest for both seasoned investors and newcomers alike. As the landscape evolves, particularly with current economic conditions and shifting demographic trends, understanding how to maximize returns over the next five years becomes critical. This article investigates key factors that can influence the success of...
As we head into 2025, prospective home buyers in the UK are faced with a complex housing market characterized by rising prices and elevated interest rates. This article delves into the current landscape of the UK housing market, assessing whether it is an opportune moment to make a home purchase. According to the Nationwide House Price Index, as of November 2024, the average property price stands at...
As we step into 2025, potential home buyers in the UK face a tumultuous housing market shaped by fluctuating prices and rising mortgage costs. Recent data from Halifax indicates a significant uptick in property prices, with the average home costing approximately £286,144 as of November 2024—an increase of3.7% year-on-year. This has drawn attention to the question of whether now is the right time to...
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