The 7am CutIn the news this week: industry experts consider how the upcoming election will impact the property industry; Birmingham’s £1.9 billion Smithfield regeneration has been approved; and nearly half of landlords plan to invest in property in the next year… |
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What is the Labour party promising for the UK housing market?“There are a wide and varied array of opinions across the housing industry on the best course of action for whichever party comes into power after the 4th July elections. One thing most experts agree on is the serious need for planning reform, with ongoing holdups and a planning backlog being one of the factors stunting the housing supply boost the country needs”… – Eleanor Harvey, BuyAssociation |
Nearly half of landlords plan to invest in property in the next year, survey reveals“A recent survey by specialist lender Landbay shows a significant rise in landlord confidence, with nearly half (44%) of respondents indicating their intention to buy property within the next 12 months. This marks a notable increase from Landbay’s last survey at the end of last year, where only 32% expressed plans to purchase property. Among the landlords planning to buy, over 60% cited the primary reason as building their property portfolio. This desire for expansion reflects a robust confidence in the rental market’s potential for long-term returns”… – Property Notify |
What is currently happening in the UK property market?
– Chris Watkin, Property Industry Eye |
£1.9bn Smithfield regeneration gets the green light“Amended plans have increased the size of Smithfield Park by 23% and provided more connectivity to other public spaces. A new report from planning officers confirmed that another park, Manor Square, is large enough for public events of up to 6,900 people. The huge project in Digbeth is set to provide 82,000 sq m of office space, 3,079 apartments and 44,000 sq m of retail when complete”… – The Business Desk |
New-builds for landlords: Can I get a buy-to-let mortgage?“Buyer appetite for new-builds remains strong across the UK, with data for the first quarter of 2024 showing that 19.1% of new-build homes listed for sale across major cities had already found a buyer. However, this is not only the case for homebuyers, as landlords are increasingly seeing the benefits of new properties”… – Eleanor Harvey, BuyAssociation |
Plans approved for Liverpool Waters to welcome the UK’s first public floating sauna this Autumn“Liverpool Waters’ thriving Princes Dock neighbourhood, with its iconic city backdrop and growing water-based health and leisure industry, will become home to the UK’s first public floating sauna this Autumn. Plans for WYLD Sauna, the traditional Nordic sauna experience, have been approved by Liverpool City Council and are expected to perfectly complement the exciting range of leisure activities, bars, cafes, restaurants and hotels now available at Princes Dock”…
– Liverpool Waters |
