Welcome to our weekly update giving you the key stories, breaking news and topical analysis from the past week up to today, 6 July 2018.
The housing market continues to evolve and this week we look at the trends of young professionals choosing the convenience of city centre living, as well as the march of the regions overtaking London in the sector. Knowledge is power, and property investors can save money by understanding the jargon, while the government has released more in-depth information to create clarity for those involved in the housing industry. Read on for the top 7 stories you might have missed this week…
1. Why city centre living is now more popular than ever in the UK
The populations of some of the country’s major cities have more than doubled over the past 15 years, especially in the north of England, and urban living is now the top choice for youngsters. Click here to read the full story.
2. Bitcoin battle: why some millennials choose cryptocurrency over property
Millennials are still choosing to remain in Generation Rent for longer while putting their cash elsewhere, with Bitcoin and other cryptocurrency investments leading the way. Read the full story here.
3. Housing industry divided over controversial three-year tenancy plans
The proposed extension of standard tenancy contracts to three years is up for consultation, but some think the policy misses the mark in improving the rented sector for tenants and landlords. Read the full story here.
4. Look out London: Manchester house prices rising more than any major city
As London continues to plateau with house price growth now at a nine-year low, the Northern Powerhouse city of Manchester is proving that there’s still time to invest in its growing housing market. Read the full story here.
5. Homebuyers could save thousands if they understood the jargon…
Over-complicated documents, confusing language and excessive small print are all to blame for thousands of consumers overpaying on their mortgages. Read the full story here.
6. New guides for tenants and landlords released by government
The government has launched a set of guides aimed at helping tenants and landlords, as well as agents and leaseholders, find out essential information about their rights and responsibilities. Read the full story here.
7. Build-to-rent thriving in Birmingham as investors turn backs on London
Birmingham is one of the top destinations in the country for people leaving London, and more investors are now looking to the city for the next build-to-rent opportunities. Read the full story here.
