Friday News #0112 – Greater Manchester And Merseyside Both See 20% House Price Rises

Finding opportunities that are not only a good deal at the time when you’re investing but that suit your personal priorities and plans for the future can leave potential investors confused about where to secure an asset. Furthermore, with the long game being the best strategy for property investment – where and what will deliver the best capital appreciation in 5 or 10 years’ time? 

Those we work with know that we’ll only propose locations that match an investor’s priorities and plans and in developments that we, as fellow property investors, would happily invest in too.

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

Greater Manchester And Merseyside Both See 20% House Price Rises: House price growth rates continue to climb strongly in England and Wales with prices increasing by a whopping 20% in both Greater Manchester and Merseyside, according to the latest e.surv Acadata House Price Index. Read more.

Renting becomes cheaper than buying for the first time in over six years: Buying a home has been cheaper than renting on a monthly basis for the last five years. In March 2020, on the eve of the pandemic, a purchaser with a 10% deposit would have been £102 per month better off buying than renting. However, like many other things, the ongoing pandemic has altered this trend and despite rents in Great Britain seeing a 7.1% rise over the last 12 months, strong house price growth fuelled by the stamp duty holiday and coupled with increases in higher loan-to-value mortgage rates have added to the cost of buying and owning a home. As a result, a typical first-time buyer will now find it cheaper to rent than buy on a monthly basis. Read more.

Platform allows landlords to set up companies to buy properties: A platform claims it allows buy to let landlords to set up limited companies within 30 minutes, through which they can they buy investment properties. Read more.

How can I invest in property with little money? In our latest article, we highlight how investors can get started even in property investment. Read more.

Why The Long Game is the best strategy for property: From the London office Steven Oladipo explains more, watch the video update here.

You may have already spoken to them if you’ve been in touch with the London office over the past few months but in case you’d like to hear a little more and get to know them better, watch the ‘Meet the Team’ updates for Steven Oladipo here and for Kazuki Topham here.