The governments announcment has thrown the housing market into chaos.
‘Property licence plates’ launched – agents should use them says Propertymark
Propertymark is calling in the government for agents to be trained in the use of software operating the Unique Property Reference Numbers system – similar to car licence plates. UPRN allows each address in the country to have a unique identifying number and can have ‘attached’ to that number the sort of activities and characteristics which agents need to know …
Landlords shift priorities to build up war chests
UK landlords are adapting to the current financial landscape by shifting focus away from risk management to growing their cash reserves and expanding their portfolios. According to the latest research from Mortgage for Business, landlords who are remortgaging are currently doing so primarily to build a war chest, with 30% of property investors according to Mortgage for Business. The specialist …
Rental market may quickly bounce back, new analysis shows
A new analysis reveals three key figures that suggest the rental market will bounce back from the lockdown and the Coronavirus crisis rapidly – and faster than the sales market. In an article exclusively for Letting Agent Today, the head of research at Zoopla – Gráinne Gilmore – explains that while activity in the rental sector has been significantly hit …
Tax changes for landlords come into force
The start of the new tax year brings changes to mortgage interest tax relief and capital gains tax for buy-to-let landlords.
Optimism returns to U.K housing market in post-election bounce.
The housing market is springing into life after December’s election result delivered much-needed stability for home-movers, new Rightmove data has revealed. There has been a 2.3% surge in the price of property being listed for sale, the largest monthly rise we have ever recorded at this time of year, with many signs pointing to an active spring market ahead. Commenting …
Rightmove forecast a 2% price rise in 2020 as election gives window of certainty
The majority government result could pave the way for pent-up demand to be released in the spring market. Rightmove forecasts a 2% rise in price of property coming to market in 2020 as the majority government gives home movers a window of certainty for an active spring moving season. Rightmove’s property expert Miles Shipside said: “With much of the political …
Get ready for a post-election ‘turbocharged’ property market bounce
Estate agents, developers and tech chiefs hail Conservative landslide as good news for housing, although many demand action on Stamp Duty. The resounding Conservative victory over Labour and the Liberal Democrats in the General Election has been warmly welcomed by the property industry this morning, with many predicting a post-election ‘super bounce’. Economic and political uncertainty has stalked the housing …
Oxford No1 as southern cities dominate buy-to-let hotspots
Northern cities may dominate the tables for house price growth but a different picture is emerging for the rental market. New analysis claims to have uncovered the best UK cities for a landlord’s buy-to-let investment. The research by Aldermore assesses and provides a score for the average rent per room per month, short-term yield for a new buy-to-let purchase, average …
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