When lockdown is over, the buy to sector will be an attractive safe haven. These are the thoughts of Doug Shepherd, director of the property website Home, which publishes a snapshot of the property market each month centred on an analysis of homes listed on the property portals.
Buy-to-let is booming in Britain. Research shows that in 2020, the number of properties sold by landlords in the UK was 131,900, the lowest sell-off since 2013, when 105,830 properties were sold. For BTL investors, maximising the yield of their investment is, of course, a primary objective. There are several steps landlords can take to … Continued
House prices in the UK are increasing at their fastest rate in five years. This is the finding of the monthly snapshot of the property market by Halifax. Halifax’s latest property price index shows that in April this year, the average cost of a home jumped by 1.4%, taking the average selling price of property … Continued
The number of buy-to-let (BTL) investors selling their properties has slowed, despite changes to tax and legislation. Research shows that in 2020, the number of landlords choosing to sell property reached a seven-year low in the UK. The lull in the number of investors selling BTL homes last year has been attributed to limited opportunities … Continued
House prices in Britain jumped by an average £7,000 in April 2021. According to figures by Rightmove, across the UK, a 2.1% month-on-month increase has pushed the average asking price to a record high of £327,797. The new record high is £4,000 higher than the previous record which was set in October 2020. The North … Continued
Most major cities in Britain are continuing to experience a property selling boom. This was the finding of newly released data, which showed that in 11 of the UK’s largest cities, the number of properties being advertised had risen by between 1% and 67% year on year.
The Covid-19 pandemic has created a great deal of uncertainty in many industries. With insecurity over jobs and people looking for different ways to make an income, the prospect of being a landlord and having an additional source of income is more attractive then ever.
It’s safe to say, 2020 has been a bumpy ride for landlords. With many landlords facing uncertainty over tenancies due to the ongoing economic upheaval created by the Covid-19 crisis, it is within every landlord’s interest to reduce costs.
Demand for property in Britain has reached a 16-year high. The surge in demand is being pinned on the impending deadline of the stamp duty holiday, which was unveiled by the Chancellor in July in a bid to boost the housing market.
For all the talk of an imminent property crash, experts are predicting the UK housing market will begin the new year with a bang.