Friday News #056 – 8th May 2020
The opportunity is now.
The if, buts and maybes won’t profit from their time sitting on the fence; property investment isn’t a spectator sport.
There are rumours suggesting that lockdown restrictions might be relaxed in the coming weeks and whilst things won’t immediately return to normal, there is pent up demand from buyers waiting to take action – at present there is limited competition in the market place and opportunity for shrewd investors.
House price growth rose to 3.7% in April: Annual house price growth rose to 3.7% in April 2020, up from 3% in March, Nationwide’s House Price Index has found. Monthly prices rose by 0.7% to £222,915, as Nationwide said the impact of the pandemic is not fully captured by the data. Read more.
Lockdown could mean higher rents, claims new research: New research claims to show that the lockdown could end up with higher rents as demand in the lettings sector outstrips supply. Using Financial Conduct Authority data the research suggests that the number of landlords entering the market with new stock has slowly declined every year since 2015 with an average annual drop of one per cent. Read more.
Latent demand for viewings suggests the property market has started its engine: According to newly released data from property technology company, Coadjute, advanced bookings for property viewings are up 182% in 4 weeks, suggesting that the UK housing market might be poised for recovery. Read more.
How will coronavirus affect house prices? The UK property market has ground to a halt amid the coronavirus outbreak, but to what degree will house prices be affected by the slowdown? Which? takes a look at what’s happened to house prices so far this year and offers advice on how the fight against COVID-19 could affect the value of UK homes. Read more.
New investment opportunity in Redditch: There’s just a few days remaining of our exclusive access to this latest development in a commuter hotspot. To learn more about the location and why this should be the next addition to your portfolio or your first investment property contact us.