Friday News 22nd January 2021
It’s an opportune time for investors to consider their position, whether it’s restructuring and taking advantage of the stamp duty holiday or remortgaging whilst interest rates are incredibly low in order to diversify their portfolio.
Developers are currently offering remarkable incentives to early investors at several locations, get in touch if you’d like to learn more.
Here’s what we’ve seen in the news this week:
Record number of buy-to-let companies set up in 2020 as landlords embrace stamp duty holiday: Punitive buy-to-let tax changes and the opportunity created by the stamp duty holiday pushed the number of landlords setting up limited companies to a record high in 2020. Read more in The Telegraph
The North will prove hard for investors to ignore in 2021: Global real estate agent Jones Lang LaSalle recently forecast that Manchester will see the highest sales price growth and rental price growth in the UK over the next five years at 17.1% and 16.5% respectively. Read more
Activity ramps up as buyers remain unphased by stamp duty deadline: Despite an eye-watering 613,000 sold STC properties still awaiting legal completion and recent projections suggesting that around 100k will face an unexpected tax bill as they miss the 31st March cut-off, there is no sign of an end to the rolling surge of buyer activity. Read more
UK house prices at record level for fifth successive month: The average house price in England and Wales now stands at £326,762, establishing a new record level for the fifth consecutive month following heightened and unseasonal activity during December. Read more
It’s not just the UK – we’re seeing pandemic housing booms across the globe: Soaring house prices aren’t just a UK thing, they’re a worldwide phenomenon. And it’s no coincidence – the underlying cause is much the same. Read more
Highlighting the top places to invest in the UK this year, our Hotspots Guide for 2021 is now live. Learn where you should be focusing your interests by reading the guide, click here