Off the back of last week’s discussion about how the conflict in the Middle East was impacting the commercial property markets, Bull and Bear explore its impact on the residential markets.
There is little doubt that it has dented sentiment and has caused levels of turmoil in the mortgage market not seen since the disruption of the pandemic, or the infamous mini-Budget crisis in 2022.
Compounding the challenges currently being faced by the UK's housebuilders, was the publication this week of the Future Homes Standard. This sets out guidance for all new-build homes to include solar panels and heat pumps, or be connected to a heat network, by 2028. The consensus feeling is that these new standards will add even more red tape and cause construction costs to increase.
Bull and Bear have been given Easter Sunday off, so they will next be back with you on 12th April.