Friday News #0100 – Strongest Housing Market in a Decade as Residential Transactions up 48.5% in February

Friday News 26th March 2021

Property investment shouldn’t be a gamble, though the returns can be incredibly lucrative.

There’s considerable information available to investors to pour over before committing but unfortunately, the data is often confusing and it can be a challenge to decipher which investment is best, especially in a busy market. 

Simplifying the data and sharing insights, the team at TD work tirelessly to ensure investors can make well-informed decisions with a long term view. Get in touch to discuss your plans and hear our thoughts on where and what to buy in 2021.

Here’s what we’ve seen in the news this week: 

Stamp duty extension prompted a surge in buyer demand – fuelling house price rises: Inquiries to buy a property surged by 24pc in the wake of the Budget, with the supply of homes failing to keep pace with soaring demand. Property website Zoopla found that buyer demand is now 80pc higher than the four-year average. Read more from The Telegraph. 

Tenant demand for city living surges ahead of restrictions being lifted: Demand for city rental accommodation is on the rise as tenants slowly make their way back to urban living ahead of the expected easing of lockdown restrictions on 29th March. According to recent research from Rightmove, city centre rental enquiries have surged by as much as 126% year-on-year. Read more.

Strongest housing market in a decade as residential transactions up 48.5% in February: The latest statistics from HMRC have revealed that the housing market continues to boom with a surge in transactions during last month compared with the same month last year. Read more. 

The five charts explaining the turbo-charged property market – and what will happen to house prices: On March 26 2020, the Government shut the housing market, marking the beginning of a very strange year for the property sector. What can the last 365 days tell us about the future of house prices? See the analysis from The Telegraph.

What SIC Code Should You Use for Your Property Company? Increasingly landlords are choosing to run their businesses through a limited company structure. In our latest article, we take a look at the registration process and SIC codes. Read more.