{"componentChunkName":"component---src-templates-post-js","path":"/house-prices-still-rising/","result":{"data":{"ghostPost":{"id":"Ghost__Post__604f2f6798ee18003b7c6fac","title":"House prices still rising?","slug":"house-prices-still-rising","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/403.png","excerpt":"Plus: 17,500 shops and restaurants close, business confidence hits 3-year high, government’s pub plans irrational?","custom_excerpt":"Plus: 17,500 shops and restaurants close, business confidence hits 3-year high, government’s pub plans irrational?","created_at_pretty":"15 March, 2021","published_at_pretty":"15 March, 2021","updated_at_pretty":"15 March, 2021","created_at":"2021-03-15T09:56:55.000+00:00","published_at":"2021-03-15T10:01:06.000+00:00","updated_at":"2021-03-15T10:32:26.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"},{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"}],"plaintext":"The 1-minute read to get all the money news plus expert adviser views.\n\nSellers asking for more\nAsking price growth was already accelerating\n[https://www.reuters.com/world/uk/asking-prices-uk-houses-rise-again-rightmove-2021-03-15/]\n, even before the stamp duty holiday was extended, according to Rightmove. The\nproperty site says asking prices went up 0.8% in the 4 weeks to 6th March,\nhigher than the 0.5% in the previous 4 weeks. The number of people enquiring\nabout each property hit a new record at the same time.\n\n17,500 closures\nShops, restaurants and other hospitality venues closed at a rate of 48 per day\nlast year as the impact of the pandemic continues to hit. 2020 saw 17,500\noutlets disappear\n[https://www.theguardian.com/business/2021/mar/14/great-britain-high-streets-lost-more-than-17500-chain-stores-in-2020-covid] \nfrom high streets, shopping centres, and retail parks across the country.\nNon-essential retail will reopen on 12th April - but our towns and cities could\nlook very different.\n\nBusiness feeling buoyant\nBusiness confidence has hit a 3-year high\n[https://www.cityam.com/vaccine-rollout-sends-business-confidence-to-highest-levels-in-three-years/] \nas the vaccine rollout continues. That’s according to the global business\noutlook survey by IHS Markit. Firms are hopeful that restrictions could soon be\nlifted, and are planning to start investing and hiring again, with hiring\noptimism at its highest level since 2015.\n\nPub plans “irrational”?\nBig names in hospitality have threatened to sue the government\n[https://www.bbc.co.uk/news/business-56397029] for letting non-essential retail\nopen 5 weeks ahead of pubs and restaurants. Indoor hospitality is set to resume\non 17th May. Pizza Express investor Hugh Osmond and adviser Sacha Lord called\nthe plans “irrational” in a letter to the prime minister. The government has\ndefended its timelines, saying the lockdown easing must be cautious.","html":"

The 1-minute read to get all the money news plus expert adviser views.

Sellers asking for more

Asking price growth was already accelerating, even before the stamp duty holiday was extended, according to Rightmove. The property site says asking prices went up 0.8% in the 4 weeks to 6th March, higher than the 0.5% in the previous 4 weeks. The number of people enquiring about each property hit a new record at the same time.

17,500 closures

Shops, restaurants and other hospitality venues closed at a rate of 48 per day last year as the impact of the pandemic continues to hit. 2020 saw 17,500 outlets disappear from high streets, shopping centres, and retail parks across the country. Non-essential retail will reopen on 12th April - but our towns and cities could look very different.

Business feeling buoyant

Business confidence has hit a 3-year high as the vaccine rollout continues. That’s according to the global business outlook survey by IHS Markit. Firms are hopeful that restrictions could soon be lifted, and are planning to start investing and hiring again, with hiring optimism at its highest level since 2015.

Pub plans “irrational”?

Big names in hospitality have threatened to sue the government for letting non-essential retail open 5 weeks ahead of pubs and restaurants. Indoor hospitality is set to resume on 17th May. Pizza Express investor Hugh Osmond and adviser Sacha Lord called the plans “irrational” in a letter to the prime minister. The government has defended its timelines, saying the lockdown easing must be cautious.

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