Friday News#084 – 20th of November 2020
Another week in lockdown has passed by in the UK and the property market remains open and continues to be buoyant despite wider restrictions.
Whilst some are racing towards meeting the stamp duty holiday deadline, and we do have options for investors that will complete in time, there is a logic in not being caught up in any frenzy and considering options that are in earlier stages of development that might include other factors and benefits for investors.
Here’s what we’ve seen in the news this week:
Plight of first time buyers shows landlords needed more than ever: A new survey shows almost two thirds of prospective first time buyers regard it as ‘impossible’ to get on the property ladder – proving how valuable landlords are, providing homes in the private rental sector. Read more.
Rents in Great Britain rise for the first time since March 2020: Last month rents in Great Britain rose for the first time since the start of the first lockdown, up 1.4% year-on-year to £1,041 per month. Read more.
Overseas investors expect real estate to drive UK growth: Some 31% of overseas investors said that real estate and construction would drive UK growth in the future, up from 10% in 2019 – the highest increase of any sector. Read more.
Advice to landlords on how to prepare for possible CGT change: A financial planner is advising landlords on how to minimise their current Capital Gains Tax liability ahead of possible change. Read about the options for landlords and others to reduce current CGT liability here.
In the Spotlight with Stuart Williams: In case you missed it, read the Property Reporter’s feature on Stuart here.
EAPI – The Soul and Zanzibar Investment Market Webinar: The latest video available on our YouTube channel shares more information surrounding the Zanzibar investment opportunity. Watch here.