New figures have given fresh cause for optimism in the wake of the historic Brexit vote as we head into September.
There was a pick-up in house price growth over August, according to Nationwide. And confidence among UK consumers also improved during the month, another survey has suggested.
The findings follow encouraging economic data, a fall in unemployment, statistics showing gains for manufacturing and the Bank of England’s recent interest rate cut.
We’ve had a very busy August so far as demand for our comprehensive range of surveys and property related services has continued to remain strong.
Sometimes, quite naturally, business can slow a little in August as people head off on holiday or place any plans on hold until September.
However, this August has seen the pace of growth continue unabated; perhaps Brexit, the interest rate cut and the economic climate may be playing a role.
Interest rates were finally cut yesterday – down from 0.5% to a new historic low 0.25%.
It’s the first cut since 2009 and it was accompanied by a package of additional measures to stimulate the UK economy, including a £100bn scheme to force banks to pass on the low interest rate to households and businesses.
Bank of England Governor Mark Carney has also signalled the possibility of a further cut later in the year.
Of course, it’s good news for anyone on a mortgage which tracks the base rate but another blow for savers.
Tomorrow is the Big Day – when the Bank of England’s Monetary Policy Committee (MPC) decides whether or not to cut interest rates.
Rates have remained at their historic low of 0.5% since 2009. Governor Mark Carney hinted in June that the Bank would cut rates to help counter any downturn following the Brexit vote.
However, the Bank defied market expectations of a reduction in its first post-Brexit rate decision in July, perhaps with some justification amid the economic and political volatility of the time.
New figures have shown that economic growth was stronger than expected in the second quarter of this year.
According to the Office for National Statistics (ONS), the UK economy grew by 0.6% in the three months to the end of June.
The ONS said that GDP growth was stronger than expected – and up from 0.4% in the first quarter of the year from January to March.
Strong growth across services, particularly in the beleaguered retail sector, car production and pharmaceuticals all played major roles.
Good luck to Sir Ben and team Land Rover BAR in the America’s Cup World Series off Southsea this weekend.
Hundreds of thousands of people are expected to head down to watch the thrilling racing and join in the fun from today to Sunday.
Olympic legend Sir Ben will be vying to take the British team to the sailing competition’s elite finals in Bermuda in 2017.
Land Rover BAR are going up against Emirates Team New Zealand, Oracle Team USA and Artemis Racing of Sweden for the right to race in the finals.
We’re stepping up our recruitment drive as we continue to expand across Portsmouth, Hampshire, London and the South.
As one of the leading firms of chartered surveyors on the South Coast, we’re seen demand continue to rise for our wide range of professional services.
We’ve recently welcomed new employees, from talented and promising trainees to skilled professionals with many years of expert experience.
We’re still looking to appoint more recruits of the highest calibre as we seek to move the business into its next phase of growth.
The property market has come under the spotlight again, with the Government's latest interventions included in the Queen’s Speech.
The Neighbourhood Planning and Infrastructure Bill was among the measures included by the Government in its proposed legislation announced by Her Majesty at Parliament.
Potential changes include planning reform and legislation to give communities greater power over their own areas to help meet planning need.
Long to reign over us…our congratulations today to HM Queen Elizabeth II on becoming Britain’s longest serving monarch.
She has passes the record set by her great-great-grandmother Queen Victoria – having reigned for 63 years and seven months.
Her Majesty, who is 89, will spend the day on official duties in Scotland.
We’ve had the honour and privilege to work on many Royal Palaces and Ministry of Defence properties over recent year.
We’ve just passed the 400 followers mark on Twitter with a flurry of new follows this week.
Many thanks to all who have clicked the blue button – we do aim to follow everyone back who follows us.
As a progressive firm we think it’s important to have a digital presence to connect with our clients, past and future customers, suppliers, business associates and friends.
So many people depend on the internet now, it is important that we can give as much information about McAndrew Martin as possible