Friday News 29th January 2021
January is almost over, and though the UK remains in lockdown the property market is still very much open for business.
According to multinational professional services firm Ernst & Young, the UK’s property market will lead the country’s economy out of the Covid slump.
There are a great number of opportunities for investors wanting to make the most of the current climate, do get in touch if you’d like to learn more.
Here’s what we’ve seen in the news this week:
Mortgage rate gap at lowest level since 2013: The latest analysis from Moneyfacts reveals that the rate gap between 2 and 5-year fixed rate mortgages in 2020 has fallen to its lowest level since 2013. Read more.
NAEA figures reveal demand for housing hit four-year high in December: Despite falling by over 40% against November’s figures, house hunters were out in record numbers over the festive period hitting the highest levels seen since 2016. Read more.
Property industry set to lead economy out of the Covid slump: The property sector is set to lead the UK out of its Covid slump according to Ernst & Young’s latest forecast. Employment in the real estate sector is forecast to grow by 1.39 per cent by 2023 compared with 2019 – that’s the highest of all sectors according to EY. Read more.
Lockdown and stamp duty deadline triggers 12pc drop in supply of new homes: Lockdown and the upcoming stamp duty holiday deadline have spooked home sellers, triggering a sharp drop in the supply of homes for sale, new research shows. Read more.
New masterplan launched for next two decades of Birmingham’s regeneration: A consultation has been launched aimed at shaping the future of development strategy for Birmingham over the next 20 years. Read more.
What happens to my investment property if I die? An unpleasant subject yet one that is very important, especially to investors – read more in our latest blog.