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During the day - back to the office. Evenings - city living returns. June's easing of restrictions has released the pent up demand, causing a rush to rent city centre apartments. Who would ever have doubted it?
13/9/2021
Property price surge - is the UK alone?Since last summer, the UK property market has defied the pandemic and has seen prices rise by an extraordinary 13%. Are we the only country to see this phenomenon? Far from it. The UK doesn't even make the top ten
Our Twitter feed has filled up these past weeks with lenders announcing changes to their buy to let rates. Not since the early days of the pandemic have we seen so many cutting rates by so much.
Confounding expectations of an easing of house price inflation, prices rose by 2.1% in August, the second largest month-on-month increase in 15 years. This comes despite the maximum savings on stamp duty falling from £15,000 to £2,500.
30/8/2021
Lloyds Bank getting in on the actA month ago we noted that John Lewis Partnership intends to enter the private rental market, building 10,000 new homes. Now Lloyds Bank has trumped that, intending to acquire up to 50,000 properties.
Easing restrictions and renewed optimism are driving rental demand to levels not seen before, with the North West, South West and West Midlands leading the way. With supply constrained, rents reach new highs, up more than 8% in the last year.
We've written before about the effect tougher Energy Performance requirements might have on property investors owning older properties. Now someone has put a price on it. A cool £29 billion.
Young home buyers hoping for a property crash are going to be disappointed. Rightmove have announced a drop in overall asking prices but report that 'mass market' homes have hit an all time high. According to HSBC, that's not going to change anytime soon.
2/8/2021
House prices cool a little - at lastNationwide posted a small decline in UK house prices of 0.5% for the month, Belfast makes a rare appearance on Zoopla's list of high performing cities and Savills' are still bullish in their latest five year forecast. We have the numbers here.
26/7/2021
Move over guys, the girls have arrivedWomen are making up a growing proportion of buy to let investors. At the current rate, they will overtake men in the next couple of years.
19/7/2021
HS2 eastern leg comes to a stopThat's according to HS2's chief executive. With pandemic expenditure now past £370 billion and counting, is the Birmingham to Leeds line going to put on indefinite hold?
It has long been noted that proximity to a Waitrose increases home prices. Owner John Lewis Partnership is taking full advantage by entering the private rental homes market.
Investec Real Estate is a major lender to institutional investors acquiring UK property. In its recent Future Living report it finds that residential property has emerged a clear winner from the current pandemic.
5/7/2021
Birmingham's newest mega-projectThe £1.9 billion redevelopment of the former Smithfield wholesale markets in Birmingham city centre has taken a major step forward. The city council and Lendlease have finalised a joint venture for the redevelopment of the 42 acre site.
Nationwide record the largest annual increase since 2004. Property prices grew by 0.7% in June, raising the average cost of a home to £245,432 - 13.4% higher than a year ago. Lack of supply continues to drive the rental market.
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15/9/2021