May 12, 2016
Homeownership rates have been dropping since the turn of the century, but the trend has become more and more pronounced over the last couple of years. The Resolution Foundation has recently published its Living Standards 2016 report. In this report, the think tank has a closer look at the recent decline of homeownership and give an outlook of Britain’s property market. 1. Distribution of tenure The 20th century has been perfectly split in half when it comes to homeownership. Whilst during the first halt of the century the clear majority of Britons lived in private rented accommodation, the popularity of owning your home picked up from 1950. 2. Homeownership rates by age of household…
May 6, 2016
Manchester and China have been developing an intimate relationship over the last few years. From direct flights to cultural exchange and investment, here’s why China fell in love with Manchester, head over heels. Manchester, in recent years, has proven in more than one occasion that a city can most certainly re-invent itself. The birthplace of the industrial revolution has invested heavily in its own future. And it’s paying off in more than one way.
May 6, 2016
The former Prime Minister’s wife Cherie and son Euan Blair have turned into private landlords, buying up nearly 30 flats in south Manchester, Stockport and Trafford. Cherie Blair has once again proved what a great bargain hunter she is. This time she has cast her eagle eye over the North West’s booming property market, snapping up dozens of properties in the Greater Manchester area at a knock-down rate to be more specific.
April 27, 2016
Buy to let investors and second home owners were behind three in five property purchases made in the prime London market in the first quarter of 2016, new research shows. This boosted the overall proportion of purchases made in cash, according to the latest London Property Monitor report from estate agent Marsh & Parsons. Accounting for 36% of all sales from January to March, buy to let investors were the most prolific type of buyer across the prime London market in the three months immediately preceding the 01 April implementation of an additional 3% stamp duty on additional homes.
April 26, 2016
British home borrowers have reached the time of the year when they will have, on average, earned enough to pay off the annual cost of their mortgage, research revealed. Halifax revealed that, based on the average annual mortgage repayment cost of £7,584 and average annual net income of £26,023, last week homeowners with a mortgage will have earned enough to cover their mortgage payments for 2016.
April 26, 2016
House prices across British cities rose at the highest quarterly rate in 12 years, with the number of transactions surging in March as investors rushed to buy prior to the stamp duty deadline. Liverpool saw the sharpest increase rate as buy-to-let landlords tried to avoid the 3% surcharge on stamp duty. Combining this with a seasonal upturn in demand, the result is a 4.2% rise in prices across the cities, Hometrack reported.
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