The details provided by the Department of Communities and Local Government has revealed that in the UK the number of planning permissions for homes rose by 6% in 2015 and it has reached the highest level since 8 years ago (2007). In addition, the enquiries, which are currently being rapidly processed by local authorities, have also reached record levels with 81% being decided within the allocated. Furthermore, in accordance with the analysis of Glenigan data (a provider of construction leads and industry analysis) published at the same time, authorisation was allowed for 253,000 homes during 2015. This is clear proof of the strength of the property market currently within the UK.
Investing money is not an easy task when you decide to do it for first time. First and foremost you should think about which kind of investment you want to place your money and how much you can afford to invest. After that, you will have to take into account other factors that will contribute to the successful outcome of your investment decision.
The latest details provided by the UK Housing Market Observatory at Lancaster University Management School has confirmed that the increase of London house prices in the first quarter of 2016 was 1.2%, which means that it has slowed down and is currently almost three times lower than in the same previous period.
Since June 23, a lot has changed across Britain and its property market. One of the most recent developments is the unexpected love story between Manchester’s property, Germany’s investors and their matchmaker, a dropping British Pound. The MEN recently published an article highlighting German investment in Manchester and states that Germans see the capital of the North as the second most important city in the UK after London. Deka, a big German bank, announced this month that they’ve paid a total of £164 million for the new office block at One Saint Peter’s Square. After this had become public knowledge, it didn’t take experts long to share their view, that Deka won’t have been the last […]
Changes in the market and in the attitude of many renters have led to a big shift away from buy-to-let and more towards build-to-rent. But what is this new asset class all about? And what makes it stand out so much against buy-to-let? Build-to-rent has hit the UK property market like a storm. A very, very good storm. The most fascinating aspect of this new asset class? The fact that it floats so well with both, investors and tenants. Why investors like it so much 2016 has been an interesting year for investors with many big events. Whether it’s the additional stamp duty surcharge or the reduction of mortgage tax relief to the base rate, the […]
Chief economist Andy Haldane says pensions are too complicated and property is better due to continuously rising prices Property is a better investment for retirement than a pension, according to the Bank of England’s chief economist, Andy Haldane. Haldane owns two homes – one in Surrey and a holiday home on the Kent coast. His basic salary at the Bank is £182,000 and he is in line for a pension of more than £80,000 a year when he retires. In an interview with the Sunday Times, Haldane said he did not consider himself wealthy. “I see myself as not having to worry about money, but plainly not wealthy. I never have [felt wealthy] , and never […]