March 28, 2016
Manchester has been named by HSBC as the UK’s number one city for property investment, boasting rental yields almost 3 times those in London. With an outlook of sustained economic investment, a growing population and shrinking supply of property, Jones Lang Lasalle expect prices to increase by 22% by 2020 and this is just the start. Manchester is the core city at the heart of the UK government’s Northern Powerhouse plans and £7 billion worth of investment is planned for the region, as Britain attempts to rebalance the economic power of the country away from London.
March 22, 2016
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.
March 21, 2016
To solve the housing crisis, the UK needs to build one million more rental properties by 2021, according to Savills. Simultaneously, PwC forecast a quarter of households to be in the private rented sector by 2025. Challenged by the rising demand, the Government should rather support investment in the sector instead of actively paralising it through tax changes.
March 21, 2016
Details of how the new stamp duty surcharge on additional homes in the UK have now been provided by the Treasury following Chancellor George Osbourne’s Budget speech. From 01 April anyone buying an additional property, whether as a second home or a buy to let investment will pay an extra 3% in stamp duty. Sales completes before midnight on 31 March 2016 will not be liable for the extra charge and transactions where contracts were exchanged before 25 November 2015 will not be liable, even if completion takes part on or after 01 April.
March 21, 2016
Ian Simpson, one of Manchester’s finest architects, recalls the city’s development over the last 20 years. From 400 people living in the centre in 1996 to more than 20,000 currently. Manchester has been through an impressive development over the last 20 years, with the city centre growing from only 400 inhabitants to currently 20,000. Nevertheless, Ian Simpson believes “we should be pushing 200,000”.
March 15, 2016
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.
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