Friday News#087 – 11th of December 2020
With a recent survey reporting that almost 15% of London renters are looking to leave the capital, there’s a clear indication that investors need to be seriously considering locations where the demand for quality rented accommodation is strong away from the capital.
Several locations across the UK are set to see property values increase considerably in the coming years benefitting from the change in people’s lifestyles and expectations. Contact us to learn where we’d recommend focusing your interest.
Here’s what we’ve seen in the news this week:
UK house prices rise by most since 2016: British house prices showed their biggest annual rise since June 2016 last month, as people sought to move into bigger houses following the COVID lockdown earlier this year, mortgage lender Halifax said on Monday. Read more.
Average UK property values expected to increase by 2% in 2021: Provided that the stamp-duty-holiday is not extended and some degree of normality follows the rollout of a UK wide vaccine next year, average UK house prices should expect a marginal uplift of around 2% in 2021. Read more.
First-time buyer landlords remain buoyant despite pandemic: First-time buyers have been disproportionately hit by the Covid crisis, but first-time buyer landlords are a niche part of the market that has remained resilient amid the pandemic, according to brokers. Read more.
London renters to leave the city: London landlords could see rental demand fall, as a large number of tenants are looking to leave the city once the pandemic is over, research from flatshare site SpareRoom has found. Read more.
What happens if the developer goes bust and I’ve already invested? How can you ensure you are protected when purchasing an off plan property. Read our latest blog to learn more.
5 reasons to invest in property through a limited company: In the second article released this week we highlight the reasons you might wish to invest in property through a limited company. Read more.