All Cost of living crisis articles – Page 4
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NewsLandlords forced to raise rent as mortgage rates rise
Two separate reports published this week have concluded landlords may be forced to raise their rents to prevent their properties from being un-mortgageable amid rising interest rates.
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NewsHospitality lost one venue an hour in Q3, says report
The speed of closures of hospitality sector premises – pubs, bars, restaurants, cafés and hotels – reached one every hour in the third quarter of the year, according to a report published this week.
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NewsLiz Truss resigns as UK prime minister
Liz Truss has resigned as prime minister after just 44 days in the role, sparking a new Conservative leadership election.
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InsightHunt takes charge as Truss lingers
They say a week’s a long time in politics and boy, this has been one of those weeks.
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NewsBurning questions on rates
The response from shadow chancellor Rachel Reeves, after new chancellor Jeremy Hunt gave his “economic update” to the Commons on Monday, perfectly captured the calamity created by September’s mini-Budget.
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InsightConference season brings some joy
Editor: Kwasi Kwarteng’s Budget aside, the development sector might come away from the Conservative Party Conference with some reason to be cheerful, especially if recent soundings from the DLUHC team at fringe events come to fruition.
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InsightIt is vital housing remains accessible to everyone
Editor: The mini-Budget sent shockwaves through the property market. As mortgage rates rocketed, the inverse was true for the hopes of property buyers.
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NewsResi supply figures strong in Q3 but alarm bells sound for Q4
Landmark Information Group’s Q3 Property Trends report shows residential supply looking surprisingly strong, with listings holding above the 2019 benchmark levels for two consecutive months – August and September – for the first time in the past 12 months.
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NewsBusiness rates may rise £25bn by 2027
Non-domestic premises in England could face a £25bn business rates tax hike in the next five years if the government reverts to pegging rates to inflation following the end of the post-pandemic freeze in March.
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NewsCost-of-living could drive a quarter of young renters out of London
Due to the ongoing cost-of-living crisis, more than a quarter (27%) of London’s younger generation renters are considering leaving the city within the next 12 months, according to research from Pocket Living.
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OnlineEconomic turmoil hits homebuyer demand says Bellway
Housebuilding giant Bellway has warned of slowing demand due to rising mortgage rates climb, which could lead to flat sale volumes next year.
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NewsStamp duty changes survive as Jeremy Hunt reverses nearly all mini-Budget tax cuts
Liz Truss’s latest chancellor Jeremy Hunt has today reversed nearly all the tax cuts announced in last month’s mini-Budget.
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NewsMini-budget U-turn inbound as Hunt to replace Kwarteng as chancellor
Jeremy Hunt has been named as the new chancellor of the exchequer after prime minister Liz Truss fired Kwasi Kwarteng in a bid to settle market volatility following the recent mini-budget.
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InsightTech can help residents go green
Combine a climate crisis with a cost-of-living crisis and you have a never-before-seen imperative for householders to reduce energy wastage – and a once-in-a-generation opportunity for building managers to make real inroads on ESG performance.
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NewsEnding homes target described as ’nuts’
The Tories are facing a backlash over their plans to abolish the 300,000-new-homes-a-year target, leading developers and investors to question whether the housing crisis is still a “top priority for government”.
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InsightTime to keep calm and carry on
“When you’re feeling in the dumps/Don’t be silly chumps/Just purse your lips and whistle, that’s the thing, and…/Always Look on the bright side of life.”
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MarketsThe auctions market remains buoyant despite crises
Rising inflation and interest rates could help rather than hinder sales at auctions.
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NewsAsking rent discount turns positive as the rent squeeze continues
A lack of available homes to rent continues to affect the prime London rental market, with limited new instructions and rising rents, data from LonRes shows.
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NewsQ&A: Inspired Villages’ Jamie Bunce on the later living firm’s ambitions
The chief executive of the later-living developer outlines the business’s targets and reacts to the mini-Budget.
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OnlineBarratt hit by UK’s economic woes
Barratt Developments has told investors that economic uncertainty has led to a fall in private sale reservations.
