All Cost of living crisis articles
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NewsOnline shopping not to blame for high street retail woes, says report
A rise in online spending over the past three years has not been significantly at the expense of bricks-and-mortar retail, according to independent research unit Centre for Cities.
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Markets
A sector with room for growth
Hotel chains are expanding across Europe despite tough economic conditions.
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Insight
What’s in store for the year ahead?
Last month, Freeths and Property Week brought together a panel of nine senior figures from across the industry to discuss what the next 12 months might have in store for the property sector and how developers and investors can prepare themselves to make the most of 2023 and beyond.
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Markets
Top end of housing market stays strong
Despite interest-rate rises, demand for luxury homes shows no sign of abating.
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Online
Start-up offers homebuyers chance to link up with investors to get on housing ladder
A new crowdfunding platform is set to bring buyers and investors together to co-invest in homes and bypass the need to gain a mortgage.
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Markets
Retail shows its resilient side
Some brands are well positioned to grow in 2023 despite cost-of-living crisis.
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News
Energy and cost crises force Q4 2022 hospitality closures above previous year
A combination of energy and cost crises have driven the number of closures of licensed premises in the fourth quarter of 2022 above the Covid-hit period in the previous year.
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Insight
Distress may be limited in 2023
We have seen this movie before: monetary tightening leading to recession and then monetary easing.
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Online
House prices fall again in December according to Halifax
The average UK house price fell for the fourth month in a row in December, according to Halifax.
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News
Construction material inflation has peaked but 'H1 spike and labour shortages will hit development'
Construction materials inflation looks to have peaked at 26.8% in Q2 2022, but the likelihood of another cost spike and ongoing labour shortages will impact development this year, according to construction insight and intelligence firm Glenigan.
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News
Bank of England accused of going “too hard and too fast” as it raises interest rate to 3.5%
The Bank of England has increased its base rate by 0.5 percentage points to 3.5% - the highest increase in 14 years.
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News
Berkeley plans to put brake on development as costs increase
Housebuilder aims to maximise cash generation from existing assets in face of rising costs and tax burden
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Online
Springfield forecasts profit hit from economic downturn
Springfield Properties has told investors its revenue is “largely protected”, thanks to the house buying process in Scotland, in an update ahead of its half-year figures to the end of November.
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News
UK average house price sees largest monthly drop since 2008
The average UK house price fell by -2.3% in November, compared with -0.4% in October, according to the Halifax House Price Index, marking the largest monthly drop seen since October 2008.
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Insight
Why the PBSA sector is still on an upward trajectory
CRM Students chief executive officer Richard Skeels explains why he believes the purpose-built student accommodation sector has a strong future, despite current market challenges and the cost-of-living crisis.
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News
Nearly one million tenants at risk of being evicted
One in 12 private renters are at risk of being evicted this winter according to a new poll commissioned by housing and homelessness charity Shelter.
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News
UK retail sales slowing sharply but recovery is predicted in 2024
Annual total UK retail sales for 2022 are set to slow by 4.5% compared to 2021, to £443bn, as the economic slowdown and inflation weighs on households’ purchasing power, according to AEW Research’s 2023 European Annual Outlook report.
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Insight
It’s beginning to look like Christmas
Christmas arrived early for the housing market this year. Not from a bedazzled child’s aspect; more, at least it would seem from early evidence, from a turkey’s.
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Insight
The year ahead: we can’t hide away
The last three years have been unusual to say the least. We entered and re-entered national lockdowns, had three prime ministers without a single general election, witnessed Russia wage war on Ukraine and saw inflation hit a 40-year high as words like ‘permacrisis’ entered the everyday vernacular.
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Professional
Add fluctuation provisions to tackle economic uncertainty
The rise of inflation and the cost of materials has been a key concern in the construction industry recently.
