Friday 7th February 2020
Confidence in the UK property market continues to grow, the construction industry, in particular, is seeing a boost from the political certainty and high demand.
With tenants deciding against saving for a property to buy, the demand for rental property remains strong.
Here’s what we’ve seen in the news this week:
Renters put saving for a home on the back burner:Good news for Landlords – As the Brexit bounce delivers annual house price growth at a 14-month high, four in five Britons who don’t own property say they are now prioritising other financial goals over getting on the UK housing ladder.Read more from the Independent.
Boris bounce continues as property and construction sectors improve: The Treasury raked in £3.3bn in stamp duty in the last three months of 2019, new figures show. “We’re starting to see interest from international investors in the UK again as they anticipate more infrastructure spend.” Read more from The Telegraph.
Barratt plans payout bonanza in bold display of confidence: Britain’s biggest housebuilder plans to pay shareholders a £350 million special return over the next two years in a demonstration of its confidence in the housing market. Interestingly Barratt left the central London marketand is growing its regional business, a strategy that has enabled the company to achieve record profits. Read the full article from The Times.
Investors plan to plough billions into UK real estate: Real estate investors are planning to invest billions of pounds into UK property this year after the General Election offered some clarity on Britain’s departure from the EU. Follow the link to the City A.M. article.
Number of new UK homes registered to be built hits 13-year high: The number of new homes registered to be built in the UK last year rose 1% to a 13-year high – but is still far below the government’s target. Read further details in the article from The Guardian.
How to find out about up and coming property developments in your area if you’re interested in learning about new developments, where to find them and the best investment strategies read our latest article on navigating localised markets and if it’s the best investment strategy.
Watch Stuart’s announcement video
We are back at the end of the month ( 27th of February to be exact) with another round table discussion. If you want to sit down with some of the best consultants in the market, for free, and discuss your property goals, make sure you book your spot. Click here for registration.