Friday News #0119– Government Will Fail To Reach Housing Target Until 2028

The huge shortage of homes in the UK is increasingly evident; demand is steadily growing and it’s looking highly unlikely that house building targets will be met for some time – investors have an opportunity to secure properties where demand far outweighs the supply to the market.

Investors should focus on areas that have strong tenant demand, good employment levels, transport connections and indications for future price growth to ensure they see the highest possible return on their investment.

Here’s what we’ve seen in the news this week: 

Government will fail to reach housing target until 2028: It will be 2028 before the government finally delivers on its pledge of building 300,000 new homes a year, according to new research. Read more. 

Buy To Let voids now very low across the country, survey shows: Void periods of vacancy within rental properties are relatively rare within several parts of the UK, new research has revealed. Read more.

How landlords can save money on their properties: buy-to-let tax loopholes and tips: Buy-to-let owners have been hit by a series of punishing tax changes since 2017, forcing a quarter of a million to sell up and exit the market. But there are still ways for savvy landlords to save money on their tax bill and make the numbers add up. The Telegraph takes a look at the most tax-efficient ways of owning a rental property. Read more.

Holiday home owners cashing in on staycation boom skirt £110m in tax: Holiday home owners cashing in on Britain’s “staycation boom” are costing the taxpayer £110m a year, new research shows. Second home owners are able to shirk their council tax payments by registering their properties for business rates – which are lower, and often entirely free. Read more.