The 7am Cut
BuyAssociation curates a weekly news letter of the top property news headlines – to receive your weekly round up of property news, register today.
In the news this week: five reasons why people are choosing Manchester property investment; the best buy to let property hotspots are revealed; and asking prices leap to near high record…
5 reasons why people are choosing Manchester property investment
“The city of Manchester is internationally renowned for a number of reasons, from its excellent education offering to its growing and thriving economy, not to mention the top-class football teams and music scene that put it on the map culturally.
It has also been quietly overtaking London as an investment hotspot for a number of years, with the continued expansion and improvement of the city sparking plenty of Manchester property investment opportunities. Many of the “up-and-coming” parts of town from a decade ago are now some of the most popular places to live and be”…
– Eleanor Harvey, BuyAssociation
Revealed: Best buy to let property hotspots in the UK
“Choosing the right buy-to-let location could make the difference between raking in high profits and struggling to break even.
Taking the third spot is Manchester’s M14, which has an average rental yield of 11.6%. It has the highest monthly rent and asking prices in the top 10 list, at £2,251 and £232,739 respectively”…
– Oojal Dhanjal, MoneyWeek
Asking prices leap to near-record high
“Property price tags are on their way to a “near-record” high as spring sales point to a rebounding market.
The average asking price of a property coming to the market for sale is now just £570 short of last year’s May record of £372,894, while annual price growth now sits at 1.7% – its highest level for 12 months, according to property portal Rightmove.
The number of new sellers coming to the market in April was up by 12% compared with the same month last year. As a result, the number of sales agreed was also up by 13%.”…
– Ruby Hinchliffe, The Telegraph
UK rental demand: Could our housing market move away from homeownership?
“The latest figures on the UK rental sector have revealed another record rise in rents, with a 9.2% leap between March 2023 and March 2024. This is the biggest jump rental prices have seen since 2015, and follows an ongoing trend for rents rising faster than UK house prices in some areas”…
– Eleanor Harvey, BuyAssociation
Liverpool gives £15m Canning Dock revival go ahead
“Designed by architect Asif Khan and artist Theaster Gates, the scheme aims to transform the oldest visible part of the city’s dock system into a space for education, contemplation, and recreation.
£10 million of the £15 million required to deliver the project was provided through the government’s Levelling Up Fund”…
– Dan Whelan, Place North West
BuyAssociation is an established voice in the UK property industry. As well as producing our own content and daily property articles, we curate a newsletter each week highlighting the week’s top headlines for UK property news articles, stories and reports. Stay ahead of the market and join over 30,000 of the world’s most informed property investors by registering today!
The 7am Cut – 29/4/2024
