Month: February 2017

Want to buy London property? You’ll need to earn over £130K

  As the government releases its Housing White Paper, prospective buyers will need to earn the a six-figure salary to afford a home in the UK’s capital. Summary Prospective buyers need to earn £130,000 a year to afford a home in London By 2021 prospective buyers will need to save £2,300 per month to purchase… Read more »

Housing white paper. What does it mean for the private rental sector?

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Housing top of National Agenda after 30 years of neglect With the average house price now almost eight times that of the average person’s income, the UK’s house price inflation rate is among the highest in the world. Despite decades of price inflation and a growing population, the number of houses being built in the… Read more »

UK property now no.1 safe-haven choice as gold prices surge?

UK property now no.1 safe-haven choice as gold prices surge?

As gold prices hit a three-month high, should those investors looking to reduce their exposure to global uncertainty consider buying UK property instead? Summary: Global gold prices have hit three-month highs amid global political and economic uncertainty Investors rushing to add the metal to their portfolios helped spot gold prices hit $1,234.20 per ounce on… Read more »

UK housing white paper: Investor summary

Housing

The much anticipated housing white paper, outlining reforms to the current housing sector and plans to tackle the UK’s housing deficit was published today (February 7th) with the government saying measures outlined in the paper will fix the “broken housing market” What is the housing white paper and why does the UK need it? An… Read more »

Manchester property prices to rise 15% faster than UK average

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The city is “severely starved of supply”, with UK and international investors being attracted by Manchester’s “favourable capital and rental growth”. Summary: Property prices in Manchester will rise 15% faster by 2021 than the UK average Investors will also see rental growth of 20.5% over the next four years, as a new report declares Manchester… Read more »

Build-to-rent to top UK housing whitepaper agenda?

Build-to-rent to top UK housing whitepaper agenda?

Housing minister confirms government document will carry a strong focus on purpose-built property for Britain’s growing population of tenants. Summary: A new housing whitepaper from the government will focus heavily on the UK’s purpose build rental market Housing Minister Gavin Barwell has declared the document will outline plans for more property building for “all different… Read more »

Chinese appetite for UK property soars

Uk housing

Chinese appetite for UK property rose by a third in the last three months of 2016, with Northern Powerhouse cities receiving the majority of interest. Summary Chinese interest in UK property grew by a third in the last quarter of 2016 Growth in interest attributed to the plummeting sterling rate and a hike in Hong… Read more »