Here’s the latest news from the UK property market. While Brexit and parliament continue to dominate headlines, the property world continues to move on.
Property investment in North-west tops highest level in over a decade
Ending 2018 on a high, the north-west recorded £1bn of property investment deals in the final quarter. This was the second-best regional performance in the UK with the north-west only being beat out by the south-east. Read the full report on North-west property investment here.
Stamp duty loss in court for the UK government
A landmark court case found that buyers purchasing uninhabitable properties shouldn’t have to pay the extra stamp duty surcharge on second homes. Read more about how property Investors and developers could bypass second-home stamp duty if property is uninhabitable
‘Right to rent’ checks breach human rights – High Court
The “right to rent” scheme, which requires landlords to check the immigration status of tenants. Has been found by the High Court “discriminatory” and breach human rights laws. Read the full report on the BBC
Rents on the rise, as Landlords pass on the extra costs to tenants
ARLA Propertymark’s latest PRS report has revealed that there has been a 7% increase in the number of tenants experiencing rents this year. With 26% of agents seeing buy to let landlords increase rents, increasing over last December. Read more about Landlord rental increases.
In 2052, you might need a hover car to get a foot on the property ladder
The latest research by one of London’s largest independent letting and sales agents, Benham and Reeves, has looked at the current struggle facing the nation’s first-time buyers (FTBs) and how this could increase over the next 34 years for those born today. First-time buyers born today could be paying £1.2m for a foot on the ladder – £4.5m in London.
London’s top commuter towns revealed
Research by Totally Money has revealed the best places to live and commute into London, with Hertfordshire coming out on top as London’s best commuter hotspot for 2019. See the top 10 London commuter hotspots.
World’s top wealth fund puts billions into Britain
The world’s largest sovereign wealth fund is taking a 30-year bet that Britain will emerge from Brexit stronger outside the European Union. Read the full article on The Times.
