International Buyers returning to Prime Central London

The proportion of prime central London property bought by international buyers increased to its highest level since the EU referendum in Q3 2017. International buyers accounted for 51% purchases in prime central London, up from 44% in Q2 2017. This is the highest proportion since Q3 2016 when 60% of prime central London property was … Read moreInternational Buyers returning to Prime Central London

Accidental landlords add 80,000 rented homes to the market

One in 12 homes that came onto the rental market in 2017 was previously for sale London is the accidental landlord capital of the country Rents rose 1.2% over the last year, seven times faster in the Midlands than in London   A slower sales market in the South of England has revived the accidental … Read moreAccidental landlords add 80,000 rented homes to the market

Yield achieved by the top 10% of landlords

As house prices have risen faster than rents over the last three years, most landlords have seen their returns squeezed, but many have benefited from capital appreciation. Over the last five years the average landlord saw their yield fall by 0.8% to 5.3%. But landlords haven’t been equally squeezed.  The top 10% of landlords who … Read moreYield achieved by the top 10% of landlords

A hole in the chain?

First-time buyer!  Landlord!  Cash buyer!  All music to the ears of sellers – especially those in a hurry to move.  What they all have in common is the ability to break a chain of sellers waiting for buyers to find buyers to complete their purchases.  But rising prices and changes to the taxation of the … Read moreA hole in the chain?

Don’t worry, be happy!

While there’s lots of uncertainty about the future of the economy as the Brexit negotiations rumble on, it seems that consumers are looking on the bright side.  They are continuing to spend, despite the squeeze on their finances from high inflation.   The latest data show an underlying picture of steady growth in retail sales. … Read moreDon’t worry, be happy!

A brief guide to the budget

Overall the Budget was helpful for the housing market, although we could always ask for more. The change in stamp duty lifts the vast majority of first time buyers out of the tax and that will help to encourage more activity in the market. But movers also suffer from the tax and it would have … Read moreA brief guide to the budget

Bank of England raises interest rates for the first time in a decade

The Bank of England’s Monetary Policy Committee voted to raise interest rates in November for the first time in 10 years.  The Bank rate is now 0.5%, back to where it was before the UK voted to leave the EU in the referendum in June 2016.   Having such low interest rates for such a … Read moreBank of England raises interest rates for the first time in a decade

Cash landlords spend a record £21 billion

A record 65% of landlord purchases over the last 12 months were made by cash buyers 78% of investors in the North East paid in cash compared to just 42% in London In October rents grew by 0.5% year-on-year, driven by rises in the Midlands and Wales   The rising number of landlords buying in … Read moreCash landlords spend a record £21 billion