{"id":6099945,"date":"2024-03-18T07:00:20","date_gmt":"2024-03-18T06:00:20","guid":{"rendered":"https:\/\/www.buyassociationgroup.com\/en-gb\/?p=6099945"},"modified":"2024-03-18T12:58:14","modified_gmt":"2024-03-18T11:58:14","slug":"7am-cut-2","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2024\/03\/18\/7am-cut-2\/","title":{"rendered":"The 7am cut – 18\/3\/2024"},"content":{"rendered":"

The 7am Cut<\/strong><\/h4>\n\n\n\n
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In the news this week: house prices rose in February; buyer enquiries and mortgage approvals are increasing; and Stockport is named the best place to live in the northwest of England 2024…<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Will property investors be affected by latest stamp duty change?<\/h4>\n

“Last week\u2019s Spring Budget contained a few changes that will affect the UK property market, including a\u00a0capital gains tax cut\u00a0and changes in how short-term lets (furnished holiday rentals) will be treated for tax purposes.<\/p>\n

When it came to stamp duty, the announcement was not what many in the industry had expected, with many calling on the government to make the current first-time buyer thresholds permanent, to reduce or abolish stamp duty for downsizers, or to remove the 3% additional rate for property investors in order to boost the buy-to-let market”…<\/p>\n

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– Eleanor Harvey, BuyAssociation<\/em><\/p>\n

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House prices rise 1.7% as property market edges closer to 2022 peak<\/h4>\n

“UK house prices rose in February, evidence the property market is continuing to rebound from a slump last year. A typical UK home now costs \u00a3291,699, around \u00a31,000 more than last month.\u00a0Property prices grew by 1.7 per cent\u00a0on an annual basis, compared with 2.3 per cent the previous month, Halifax said.<\/p>\n

Kim Kinnaird, director, Halifax Mortgages, said the figures \u201ccontinue to suggest a relatively\u00a0stable start to 2024\u00a0and align with other promising signs of increased housing activity, such as mortgage approvals”…<\/p>\n

\u2060<\/p>\n

– David Connett, iNews<\/em><\/p>\n

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\u2018Solid rise\u2019 in homes being put on the market as buyer inquiries grow<\/h4>\n

“A \u201csolid rise\u201d in sellers putting their homes on the market was seen in February, with the\u00a0strongest upswing recorded\u00a0since\u00a0autumn 2020, according to surveyors.<\/p>\n

Across the UK, new\u00a0buyer inquiries grew\u00a0for the second month in a row, with a net balance of 6% of professionals reporting a rise rather than a fall. The report said the latest findings are consistent with a slightly more upbeat picture for sales market activity than was the case throughout much of last year”…<\/p>\n

\u2060<\/p>\n

– Vicky Shaw, The Standard<\/em><\/p>\n

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RICS: Buyers and sellers are returning to the property market amid hopes of rate cuts<\/strong><\/h4>\n

“Property professionals are becoming\u00a0more positive about the long-term prospects\u00a0for\u00a0the housing market\u00a0even as expectations of interest rate cuts have been pushed back.<\/p>\n

Home buyers benefited from a mortgage price war in the first months of the year as lenders cut rates in anticipation of the Bank of England cutting the base rate early this year.\u00a0This has\u00a0boosted property market activity, with the Royal Institution of Chartered Surveyors (RICS) reporting that its members \u2013 estate agents and surveyors \u2013 have been become busier after a slower market in 2023″…<\/p>\n

\u2060<\/p>\n

–\u00a0<\/em>Marc Shoffman, Money Week<\/em><\/p>\n

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Stockport, Greater Manchester, named best place to live in the northwest of England 2024<\/h4>\n

“Stockport is supremely functional – offering\u00a0good-value property\u00a0up and down the property ladder, parks, choirs and sports clubs including a resurgent Stockport County FC and rail links to the entire country. You can get to\u00a0Manchester Piccadilly in ten minutes\u00a0and the area around the station is being revamped; the imminent\u00a0Stockport Interchange\u00a0will link it with a new subterranean bus station beneath an attractive public park.<\/p>\n

Most interesting is the area around the Market Square and\u00a0Underbanks, where the historic streets are filling up with a joyous collection of independent businesses”…<\/p>\n

\u2060<\/p>\n

– Tim Palmer, The Times<\/em><\/p>\n

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Stockport could become the UK’s next big tech hub<\/h4>\n

“Stockport could become the UK’s next big technology hub, insiders reckon. Boasting a revitalised town centre and direct transport links to both Manchester and London, the council urging tech firms to take a serious look at the area to set up shop.<\/p>\n

Councillor Jilly Julian, the town hall’s cabinet member for finance and resources, said: “Stockport is undergoing a rapid transformation. Digital tools and platforms have opened up\u00a0boundless opportunities for innovation, entrepreneurship, and collaboration\u201d\u2026<\/p>\n

\u2060<\/p>\n

– Declan Carey, Manchester Evening News<\/em><\/p>\n

Read the full article<\/strong><\/a><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The 7am Cut In the news this week: house prices rose in February; buyer enquiries and mortgage approvals are increasing; and Stockport is named the best place to live in the northwest of England 2024… Will property investors be affected by latest stamp duty change? “Last week\u2019s Spring Budget contained a few changes that will… Read more »<\/a><\/p>\n","protected":false},"author":4200,"featured_media":6099984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[59,716],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6099945"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/4200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6099945"}],"version-history":[{"count":5,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6099945\/revisions"}],"predecessor-version":[{"id":6099966,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6099945\/revisions\/6099966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6099984"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6099945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6099945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6099945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}