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In Britain, first-time buyers of property are making waves with a record-breaking figure so far for 2023. Hamptons are reporting that first-time buyers make up 27.1% of the buyers’ market at the time of writing. This trend features a gradual rise from 21.6% to the current figure since 2018.
Having a digital portfolio of your industry presence and reputation is crucial as a growing number of people find themselves leaving an expanding digital footprint via platforms like social media.
As all advisers will already know, mortgage demand is currently heading for a 12-year low, with high interest rates causing repercussions throughout the industry.
The end of the year typically gives people the prime opportunity to reflect on the previous 365 days, with 2022 no different. However, this is also the perfect time to search ahead for what may await us in the future. Predicting insight into upcoming events can give you an advantage in the future market.
2022 saw many changes throughout the insurance industry, especially from a financial point of view. Companies, advisers and customers have all felt the increasing pressure of rising living costs. With property valuations, rent costs and general expenditure climbing to new heights, 2022 will be remembered for years to come.
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