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The UK buy-to-let market is now more attractive to expat and overseas buyers owing to the Brexit effect, mortgage broker Offshoreonline.org has argued. Since the Brexit referendum in 2016, the rate of price increase in the UK housing market has fallen from 8.2% per annum in June 2016 to 1.3% in September 2019. Combined with […]
The post Brexit resulting in buy-to-let bargains for expats appeared first on PropertyWire.
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The Conservative Party manifesto has launched, with the catchphrase “get Brexit done” printed at the top. Focusing on property however, here’s what the manifesto is proposing: • Introduce long-term fixed rate mortgages. More • Charge non-UK residents a stamp duty surcharge. More • Abolish ‘no fault’ evictions – aka get rid of Section 21. • […]
The post The Conservative Party’s housing policies summarised appeared first on PropertyWire.
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Aberdeen has been rated the best place to live in the UK, based on job opportunities, average salary and house price affordability, analysis from Adzuna has revealed. Other strong areas are Preston, Newport, Liverpool and Carlisle. The most affordable spot for renters is Hull, where under 17% of renters’ salary goes towards paying rent. Andrew […]
The post Aberdeen ‘the best place to live in the UK’ appeared first on PropertyWire.
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The Conservative Party has pledged to charge overseas buyers a stamp duty surcharge of 3% – much to the surprise of the property industry. A year ago it was proposed that foreign buyers would be charged an extra 1%. Vadim Toader, founder and chief executive of Proportunity, a fintech start up offering Help to Buy-style […]
The post Overseas buyers could face 3% stamp duty surcharge appeared first on PropertyWire.
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Graeme Pollock (pictured) is director and head of east agency at the Edinburgh commercial department of DM Hall Chartered Surveyors. Like Banquo’s ghost, the spectre of endless Brexit hangs over the commercial property market in Edinburgh and its immediate hinterland and, until it is banished, the feasting will necessarily remain subdued. There has certainly been […]
The post Edinburgh’s commercial real estate sector is still hampered by Brexit risk appeared first on PropertyWire.
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The UK construction industry has increased its research and development (R&D) spending to a record high of £351m over the course of a year, ONS data has revealed. The total amount spent on R&D by businesses in the construction sector rose 9.7% annually, or £31m year-on-year, analysis by R&D tax relief specialist Catax shows. The […]
The post Modern Methods of Construction results in more R&D spending appeared first on PropertyWire.
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LOWE Guardians has taken on 50 new managed properties in the space of 12 months. Having signed contracts with NHS Property Services, Ealing Council and Lambeth Council, LOWE now manages over 700 guardians, many of who are local key workers. Tim Lowe, founder and director, LOWE, said: “Over the last 12 months we have seen […]
The post LOWE increases managed properties from 30 to 80 in 12 months appeared first on PropertyWire.
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The Labour Party and Liberal Democrats both released their manifestos this week. Lib Dem policies include promoting tenancies of three years or more, with annual rent increases linked to inflation. This is a policy that seems to make sense, owing to the growing number of families that now live in the private rented sector that […]
The post Socially conscious or too radical? The Lib Dem and Labour manifestos appeared first on PropertyWire.
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The majority (86%) of homeowners have decided to make improvements to transform their house into their ‘forever home’, LV= General Insurance research has found. The top changes people make to their property so it becomes a ‘forever home’, are redecorating in their own style (58%), refurbishing the kitchen (50%) and landscaping the garden (39%) Heather […]
The post Most homeowners have made home improvements to transform their house appeared first on PropertyWire.
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The proportion of homes in Great Britain bought without a mortgage fell to 28% in H1 2019, the lowest level since records began in 2007, Land Registry data shows. This is significantly lower than the peak of 36% recorded in 2009. Over the last two years the proportion of homes purchased across Great Britain with […]
The post Proportion of homes bought with cash falls to record low appeared first on PropertyWire.
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