In light of the recent publication of the Budget for 2021, what is the impact on property investors? The economy The economic recovery to pre-COVID levels is happening much faster than expected, according to Rishi Sunak. In addition, the unemployment rate is rapidly declining and employment is increasing. Clearly, this is an excellent development regarding less evictions, higher rents and...
According to the Home Tracks UK House Price Index for September 2021, the following trends have been observed: Record year for sales and prices - No cliff edge £473bn of new sales are expected in 2021, up £95bn from 2020. This is the strongest price and sales growth since 2007. The ongoing re-evaluation of housing, low mortgage rates, and the extended stamp duty holiday all contributed to...
In their August 2021 House Price Index Report, Home Track examines UK house price inflation, the limited impact of the tapered stamp duty holiday ending, and rapid market changes. Annual UK house price inflation at +6.1% Average house price rose by +1.2% in the three months to the end of August, taking the annual rate of price growth to +6.1%, up from 2.8% in August 2020. The average value of a...
Home-track has published its UK price index for the month of July and it appears there are three key themes. Annual UK House Price Inflation rises: The average house price increased by 1.4% in the three months to July, increasing the annual rate of house price growth by 6.0% from 2.3% in July 2020. Yet, this growth represents a slowdown compared to June, when there was an annual growth rate of...
If you are thinking of becoming a landlord and purchasing investment property, we have some tips for you to consider. Buy-to-let property investment is still profitable in 2021. Management of rental properties and taxes have been changed and made investing slightly more complicated. However, there are ways to adapt to these changes. And with a long-term strategy, investors can earn profitable incomes in...
Are you planning to invest in property to ensure a stable future by leveraging the full potential of the real estate market? If yes, investing in UK properties would probably be your best bet. Since the 1970s, property prices in the UK have been experiencing a steady growth despite the impacts of the earlier credit crunch, Brexit, and the recent pandemic. In the UK, house prices have seen a faster growth...
If you’re a property investor or an ordinary house hunter, who regularly participates in property-related discussion and follows property forums, you’ve most likely noticed that the term “BMV properties” has become a hot topic these days. You may have also seen that there’re both proponents and opponents of buying BMV properties. If you’re wondering what BMV properties are all about, this post...