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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Solicitors have warned people that it’s increasingly unlikely that they will beat the stamp duty deadline on 31 March. David Greene, president of the Law Society of England and Wales, said many factors are limiting the speed of moves – delays in the issuing of search results, delays in mortgage offers being issued, as well […]
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Last week saw the first rollout of vaccines in the UK, which is cause for optimism for pretty much everyone. It doesn’t surprise me that real estate agents are positive about output increasing in the next 12 months. Putting business aside, being able to socialise normally once people are vaccinated will be a huge relief. […]
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Shaun Doak, chief executive of React Specialist Cleaning The pandemic has undoubtedly affected nearly every industry in the UK and globally. With multiple lockdowns and conflicting advice for office-based workers fluctuating between staying at home and encouraging them into work, it is without surprise that business owners and landlords have been some of the hardest […]
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Mortgage activity has shifted away from remortgaging to home purchases thanks to the stamp duty holiday, research from Trussle found. More homeowners are moving to a new home (56%) than remortgaging (44%), compared to this time last year, where the majority were prioritising remortgaging (63%). Miles Robinson, head of mortgages at Trussle, said: “After an […]
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Almost half (44%) of homeowners who have used a mortgage broker used one recommended to them by or linked to an estate agent, research from independent mortgage broker Boon Brokers found. Meanwhile over a third of those (37%) said they felt pressured by the estate agent to do so. Gerard Boon, founder and partner at […]
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