Much of last week’s news was dominated by reaction to England and Northern Ireland’s stamp duty holiday – I posted my thoughts on that last week. It seems the rest of the UK were keen to establish a level playing field with England, as Wales and Scotland followed by introducing their own stamp duty holidays. […]
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The trend for buyers to use desktop and virtual valuations due COVID-19 could store up problems for the future, Alison Neate from East Midlands law firm Smith Partnership has warned. She added that buyers need to be patient and wait for an in-person valuation, rather than rushing through the process. Neate said: “For most property […]
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London rents fell by -4.5% in June, driven by a 7.4% decline across Inner London, research from Hamptons International found. Outside of London rents are still rising. Average rents on newly let properties increased 1.3% in June, with the North West recording the strongest rental growth of 5.2%, the highest rate since November 2016. Across […]
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Liverpool is a buy-to-let hotspot, with buy-to-let yields being in excess of 10%, research from TotallyMoney has found. Liverpool’s L1 city centre postcode tops the buy-to-let yield table with a potential 10% return on investment and a current asking price of around £90,000. This area includes the central retail area (including Liverpool One), the commercial […]
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Buy-to-let landlords in England should assess the energy efficiency works their properties require to take advantage of online applications for the Green Homes Grant in September, said tax and advisory firm Blick Rothenberg. The Green Homes Grant will see the government pay two-thirds of energy-efficient home improvements up to £5,000. Heather Powell, property partner at […]
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Elspeth Carson is a partner in the commercial real estate team at one of Scotland’s largest independent law firms, Morton Fraser Prior to Coronavirus lockdown restrictions in the UK, purpose-built, and shared living accommodation developments had become an increasingly popular lifestyle choice for many over traditional housing. As such, construction and development projects were increasing […]
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Willenhall, a market town in the West Midlands, is the fastest moving market since restrictions on moving home were eased in England according to the latest research by Rightmove. Over half (55%) of all newly listed properties put up for sale in Willenhall since the market reopened have already found a buyer. Alternatively, four of […]
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London, Manchester and Birmingham are home to the largest number of homes listed for sale at £500,000 or less thus part of the stamp duty exemption, according to research by lettings and estate agent Benham and Reeves. The figures show that London has 42,422 properties, Manchester has 7,365 properties and Birmingham has 7,011 properties currently […]
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Property investors have been urged to take advantage of Rishi Sunak’s stamp duty holiday by expanding their portfolios. Buy-to-let broker Mortgages for Business recommended for investors to buy quickly before the likes of second steppers are able to do the same. The cut could benefit sellers as much as buyers, as they could take advantage […]
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UK property prices are expected to rise by 1.9% between June and September, reallymoving’s house price forceast research has found. There has been a surge in buyer demand after the lockdown has lifted, which could increase following the government’s launch of the stamp duty holiday. Rob Houghton, chief executive of reallymoving, said: “Buyers took a […]
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