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.
March 14, 2016
While some of us might want a new Ford Fiesta to get around in, another option with the same money could be a two-bedroom flat in Preston. And this comparison of what £15,000 can get you in Britain has been revealed as a study shows what properties cost the same as a car. Another area surveyed was Cambridge, where the cheapest property will run you the cost of a Ferrari California at a whopping £160,000.
March 14, 2016
The majority of property investors are undeterred from buy-to-let despite the tax changes announced for 2016 and a total of 56% are already planning on purchasing more over the next 12 months, a new research revealed. With the changes taxation approaching fast, about 40% of investors are making plans to set up a limited company for their properties as a loophole to those new regulations. At the same time, according to the latest client barometer survey from specialist lender Shawbrook, about 33% will us a raise in rents as an output for the higher tax.
March 8, 2016
Mortgage approvals reached a new two-year high this January as savvy buy-to-let investors rush to snap up properties ahead of the stamp duty hike in April. A total of 74,581 mortgages for house purchases were approved in January, a significant increase from the 71,335 in December, following a statement for the Bank of England.
March 7, 2016
According to Standard and Poor’s, a major ratings agency, Britain’s rapid house price growth is not going to end anytime soon. “Conditions for ongoing robust gains of UK residential property prices remain intact,” Standard and Poor’s said in a new report.
March 7, 2016
The vast majority of English councils do not think Starter Homes should be classified as affordable housing and a mere 7% of councils think they will support the need of affordable housing in their areas. A new research revealed that local councils, regardless of political party, believe that the Government’s Starter Homes policy will hinder rather than help to address the growing need for actually affordable homes in the UK.
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