Nick Edwards is chief operating officer at Audley 2020 has been a tumultuous year with the coronavirus pandemic leaving its mark across the globe economically, politically and socially. The UK residential property market, like most sectors, experienced a knee-jerk reaction in March, contracting at the start of the first lockdown. But figures from Nationwide last […]
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Birmingham has 11,000 vacant dwellings, making it the worst area for properties left empty in England, research from lettings and estate agent Benham and Reeves has found. Other areas with lots of vacant properties are Liverpool (10,700), Leeds (9,900), County Durham (9,450), and Bradford (8,750). Marc von Grundherr, director of Benham and Reeves, said: “Given […]
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Allowing pets should be a natural part of providing a home for somebody, said property firm Apropos by DJ Alexander. The firm responsed to a Private Member’s Bill in parliament by Romford MP, Andrew Rosindell, calling for tenants to be allowed to have pets and to restrict the right of landlords or their agents to […]
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The government doesn’t plan to extend the stamp duty holiday, which is due to expire at the end of March. A petition was launched, which gained 22,156 signatures at the time of writing, asking for a stamp duty holiday extension for an additional six months. In response, the government said: “The SDLT holiday was designed […]
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The inability of landlords to get their rents paid by businesses who have traded successfully in 2020 will have a long-term impact on investment in commercial property, said tax and advisory firm, Blick Rothenberg. Heather Powell, a partner at the firm said: “The Secretary of State’s third extension of the rent moratorium to March 31st […]
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Investors looking for the strongest rental yields should invest in Sunderland and/or Liverpool, which offer yields of 5.30% and 5.22% respectively. Despite leading the way, their average rental yields have fallen since lockdown. The research, from Rentround, also found that yields in Newcastle have risen to 4.47% – putting the city in the top 10 […]
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House prices should inflate by 4% in 2021, Rightmove’s House Price Index found. The firm said housing will be a high priority for people but price rises for newly marketed properties should be more modest than this year. Prices this year have jumped by 6.6%, while the first quarter of next year is expected to […]
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An algorithm-led property asset management business, SPI Capital, has launched after securing seed funding for £250m of investment in the private rental sector. The business, which invests across the North of England and Oxford-Cambridge Arc, aims to transform the way investors access stable, hands-off returns from residential property while providing key worker housing. Anna Clare […]
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The number of UK buy-to-let landlords has risen 49% in the last five years to an all-time high of 2.7 million, research from ludlowthompson estate agents found. The residential market has stayed relatively strong during the coronavirus pandemic, though the commercial property market has fared poorly, as 54% of tenants have held discussions with their […]
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News of the effective coronavirus vaccine buoyed real estate firms for the year ahead, the Lloyds Bank UK Recovery Tracker found. Two fifths (43%) predicted that their output would rise in the next 12 months, up from a third (30%) in October. Real estate output declined (40.6) output during November, after the UK entered a […]
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