IN THE COUNTRY &TOWN Welcome to
Creating the inspiration to move
If home owners and buyers cannot influence the news cycle, they can still shape their immediate future: moving closer to family, trading space for commute, or finally securing that garden.This pragmatic optimism, tempered by careful budgeting and realism on price, helps keep chains moving.
The Market
Against a backdrop of international turmoil, the UK’s residential sales market, especially in the South East, continues to display striking resilience. Even as headlines are dominated by the Iran/US war and its longer-term economic reverberations, transaction pipelines remain active, pricing is broadly stable, and buyer intent appears stubbornly intact across core commuter belts and well-connected towns. This is not an isolated episode. Recent history shows a pattern: during the Covid crisis, prices rose - most notably for homes with gardens, workspace, and access to green space, as buyers reassessed priorities.The war in Ukraine sent shockwaves through energy markets and inflation, yet the UK housing market absorbed the blow better than many expected.While mortgage costs did rise and activity cooled in segments, outright distress was limited and values generally held, particularly where schools, transport, and amenities underpin demand. Several fundamentals help explain this durability. Chronic under supply, especially in the South East, supports prices even when sentiment wavers.A tight labour market and accumulated household savings cushions demand.The prevalence of fixed-rate mortgages slows the pass-through of shocks. In addition high rents nudge would-be buyers toward ownership despite rate headwinds. International uncertainty can also redirect capital toward perceived safe, rules-based jurisdictions - prime UK housing often benefits. But there is a deeper, human explanation.After years of rolling crises, many households seem unwilling to let distant geopolitics permanently defer life decisions.
moving home remains a priority
No market is fully insulated.Yet the UK housing story, and the South East in particular, continues to show that clear needs, finite supply, and determined buyers can outweigh even a noisy global backdrop.
The Renters Rights Act
At McCarthy Holden we are busy getting our Landlords and Tenants ready for implementing the new Renters Rights Act legislations, including where there is a tenant in situ with an Assured Shorthold tenancy (AST), which will automatically become a ‘statutory periodic tenancy’ from 1st May. There are many changes a Landlord should be aware of, from abolishment of ‘no-fault’ Section 21 Evictions to future rental increases. For an initial insight take a look at this news item on the McCarthy Holden web site.
Published by Kilbricken Publishing and John Joe Photography Limited,Telephone: 07470 707275, email jjtopshot@outlook.com, web johnjoe.co.uk. Publishing 2022 - All rights reserved. Reproduction is forbidden except by express permission of the publishers.The content of this magazine is believed to be correct but its accuracy is not guaranteed and it does not form part of any offer or contract. John Joe Limited cannot accept responsibility for any omissions or errors.
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