Friday 21st February 2020
Momentum continues across the UK property market with no sign of a slowdown. Our phones here in the TD office are continuing to ring around the clock as investors rightly see the present opportunity and recognise just how resilient the UK property market is.
Smaller, lesser-known locations are currently offering some of the most exciting prospects for investment. These well-connected towns and cities, dotted across the county, are appealing to tenants seeking more affordable homes with excellent transport connections.
Here’s what we’ve seen in the news this week of relevance:
House prices rise in every region of UK for first time in two years: “For all regions to have delivered positive annual growth for the first time in nearly two years highlights just how resilient the UK property market has been against a backdrop of extreme political uncertainty.” Read the full article from The Guardian.
Action required to stop fall in supply of rental housing: The Residential Landlords Association (RLA) is calling for the Chancellor to use his first Budget to stop the decline in the supply of rental housing. Read what both the RLA and the National Landlords Association (NLA) are proposing.
Two-beds make the best buy-to-let investment: Across England, two-bed properties make the best investment for buy-to-let landlords when it comes to current rental yields. See the full article.
With a stamp duty cut or simply some certainty, the property market may have a secret weapon in the new chancellor: The new chancellor, Rishi Sunak, could very well be a secret weapon. A former Goldman Sachs banker, Sunak is an instinctive tax cutter, and may want to make a big splash at his first Budget. Read more from The Telegraph.
Landlords plan to expand their portfolio into the North West in 2020: More than one in five landlords plan to expand their property portfolio into the North West region of England according to new research. This clear indication of confidence in the region’s property market is supported by industry professionals. Read our full article.