Friday 24th January 2020
As the political certainty of a majority government takes effect, the UK property market is seeing an immediate boost in both activity and price growth.
These early indications suggest it would be prudent to act with relative haste to secure the best possible rental yields and the greatest potential for capital appreciation.
Whilst it is currently an opportune time to purchase property in the UK, it remains to be a marketplace that requires expert navigation in order to secure a property that offers both good rental yields and capital growth prospects. It is not simply a case of any property will do.
Here’s our pick of the top property, investing, and UK news from the past week.
UK house prices rise at fastest rate on record: UK house prices rose over the last month at the fastest rate on record for the time of the year, as sellers felt more confident about the outlook for the housing market after the general election, according to Rightmove. Read the full article.
Increase in number of homes sold in December as average rents rise: In another set of positive housing market data, latest figures point to a significant uplift in the number of completed home sales in December. Read more.
Cost of buy-to-let 5-year fixes falls: The cost of five-year fixed rate buy-to-let mortgages has fallen as we enter 2020. “We did detect the buy-to-let market was holding its breath until the election was out of the way. Now with such a clear, decisive victory, we would expect confidence to return and our latest research has shown that this is being seen in a fall in the cost of borrowing.” Click here for the full article.
Over one in five landlords plan to expand their portfolio into the North West: According to a study, 22% of landlords plan to buy in the North West. Read more. This statistic is unsurprising to us here at Thirlmere Deacon as we recognise the excellent opportunity the region presents to investors. If you’re considering purchasing an investment property in the North West please do contact us to discuss your plans.
What’s the difference between leasehold and freehold? As a property investor, having knowledge of the different types of tenure and what they could mean for your rental yield will help provide clarity when considering and comparing investment properties. Read the full article here.
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