By choosing an up and coming area of London to buy property, you can take advantage of lower prices compared with other, already established areas. This can be a great way to make the most of your investment, but how do you identify where these property hotspots are?
We know, in theory, bad news makes a much better headline than good news, and that’s certainly true for reports on the property market. Some in the media do love to shout about prices crashing and warn that the market’s in trouble, and it’s been particularly under the spotlight since the Brexit vote.
As the UK’s Prime Minister campaigns to secure a stronger Brexit mandate with a snap election, the country’s younger home-buyers remain worried over just what impact the UK leaving the European Union will have on the economy. And, such are many of their concerns, that they’ve chosen to put off making that most significant of purchases – a home.
Buying a home is always a big decision, even when everything is on the up and you’re feeling confident. However, with an undecided Brexit still dogging the economy, is now really the right time to make one of the biggest investments of your life and buy a property?
Whether you voted for it or not, Brexit has happened. While many predictions were made about what would happen to the property market should the UK vote to leave the EU, now we are getting the first indicators of what is actually happening.
On the 23rd April 2018, the people of England will celebrate St George’s Day with street fairs, Morris Dancing and traditional English fayre. Although not yet a public holiday, that’s never stopped the English from celebrating their dragon slaying, princess saving, Patron Saint.
Prime Central London is recovering sluggishly at best from the recent lull, and many experts believe that it is due for an ‘extended period of stagnation’, even as the rest of the UKs markets seem to be recovering. What can we expect from this once golden market in the next few years?
Looking back at the first three months of 2019, you could be forgiven for thinking its been all about Brexit and not much else. Of course, Brexit has featured heavily and affected decisions and developments across a multitude of industries in the UK. But, while it is among the property news we’ve selected from the first quarter of the year, its not the only interesting detail.
After a year of change and uncertainty, 2019 is ending on a high note for the London property market as we see an increase in first time buyer mortgage completions in the capital to Quarter 3.
A new report from campaign group Transparency International has once again highlighted the large concentration of foreign ownership of London Property. The group goes on to say that while around 80% of the buyers were from overseas, half of those buyers, at least four out of every ten, of homes in 14 new landmark London developments, were traced back to countries with a high risk of corruption, or anonymous companies.
“We continue to expect house prices to effectively flatline over the next 6 months”.
UK house prices fell a little during April, the latest survey from the Royal Institution of Chartered Surveyors (RICS) shows, but they are expected to recover across most of the UK in the coming years. Most parts, that is, except for London.
The RICS survey doesn’t share average price information. The way its calculated is to ask its member property surveyors questions on what they’ve experienced regarding property prices during a particular period.
The UK’s housing market responds to a wide variety of issues and developments, which can change with the passing of time and introduction of new policies and desires. Among the issues that has affected the property market for over two years now, is Brexit.
The summer, historically a slow period for the housing market, has definitely lived up to its reputation during 2017. House prices have fallen, with London and the south east bearing the brunt of those price declines. Meanwhile, mortgage lending has been subdued despite record low mortgage interest rates. And other interesting news besides.
Milton Keynes, one of the Government’s original ‘New Towns’ is now 50 years old. A city originally created to help with overcrowding in London, it has good transport links to the south and the north of England.
The Government’s recent announcement of the finalized route of the UK’s high-speed railway, or HS2, has had a mixed impact on the areas that will now definitely be affected by it. Some areas will gain from the project – both from a property value and improved transport perspective. But there are some areas where the news is unwelcome, at best.
If you’re considering investing in a holiday let property – one you can make use of as well as rent out – there are many parts of the UK where this could prove profitable. We’ve identified three areas that you should take a closer look at.
With the counties in England completed this week we are going to move onto idyllic property locations, from beautiful towns and countries in and around Wales, starting with the county of Gwent. Located in south east Wales, Gwent found itself named after the ancient Kingdom of Gwent. Technically Gwent was abolished in 1996 but does however, remain as one of preserved counties of Wales as well as being a ceremonial county too.
Barclays has just named Camden as one of the most sought-after property hot spots in Greater London. They predict prices to rise by more than 1/3 over the next 4 years – but with the housing market so volatile, are predictions set more than a few months in the future reliable anymore?
When it comes to being a Buy-To-Let landlord, it’s always important to focus on your annual yield and how profitable each property is on a rental basis. And, although it shouldn’t be relied upon, a capital gain is also very nice to have! However, even though property prices growth has been easing for the past couple of years, figures from Hamptons International shows there’s still capital gains to be made, as BTL landlords who sold their properties last year made an average profit of just under £80,000.