This week has seen house price fluctuations continue to rock the market, while it seems that millennials are ditching the stereotypes with smart investing. Here are eight things you might have missed…
1. Take part in BuyAssociation’s new Investor Survey 2018
We’re doing a survey to find out what investors think and expect of the property market. Fill it in here to share your views and you could win a £250 voucher.
2. Brexit could derail Hammond’s ambitious housebuilding targets
An ageing UK workforce has been replaced by overseas workers over the years, and Brexit could diminish the country’s chances of building enough new homes.
3. Millennials are investing and saving more than older generations
Millennials are often criticised for not being as financially savvy as ‘Generation X’ and baby boomers, but many are ahead of the game.
4. Foreign investors stung by corporate gains tax on UK commercial property
The recent Budget contained a hidden surprise for overseas investors planning on buying and selling commercial property in the UK.
5. The gap between asking price and selling price in the UK is growing
Homes are selling for an average 3.86% less than the asking price, with sellers in Wales having the least realistic expectations.
6. The top place to invest in student housing for robust returns
Appetite for student accommodation is high, with demand exceeding supply across the UK, and good yields can be made by savvy investors.
7. Second homes in Yorkshire Dales are ‘tearing communities apart’
With as many as 1,500 second homes across the Yorkshire Dales, around 10% of the total housing stock, councils are taking action.
8. Stamp duty impact might be small but first-time buyers should snap it up
The recent changes to stamp duty for first-time buyers may only be a drop in the ocean, according to critics, but first-time buyers should still take advantage.
