Data revealed on Wednesday that UK house prices declined in December, although the pace of decline notably slowed. According to provisional estimates from the ONS, house prices dropped by 1.4% at the end of 2023, compared to a revised 2.3% decline in November. On a...
Tax & Other Financial
Call For Tax Incentives for Green Upgrades In Buy-To-Let Properties
Heather Powell of Blick Rothenberg is urging the government to introduce tax incentives for buy-to-let landlords to enhance the energy efficiency of their rental properties. She emphasizes the importance of this move as higher energy efficiency standards are set to be...
Britain is on the verge of a new house price boom
Writing in the Telegraph Kallum Pickering, a senior economist, opines that 'It is now even more evident why the panic over a property market crash was overblown' The article can be read here (subscription may be necessary) and says that the prevailing view among...
Tenants under pressure
There are several problems facing tenants at the moment: Rising Rents: Tenants faced a significant increase in rental prices, with a 6.2% rise in January compared to the previous year. This increase has been consistent over the past two months, driven by high demand...
UK House Price Index released
The Government has just published the UK House Price Index, which can be seen in full here. In summary, headline statistics for December 2023: Average Price of Property in the UK: £284,691 Annual Price Change for Property in the UK: -1.4% Monthly Price Change for...
Optimism in the housing market
Anthony Codling of RBC Capital Markets provides an optimistic view of the current housing market for investors, highlighting the resilience of the market despite challenges. Here's a summary of his perspective: Overview of Housing Transactions: Housing transactions...
Halifax claim 2024 has a strong start
The latest Halifax Price Index has reported a continued rise in average house prices, with January marking the fourth consecutive month of growth. Here are the key points from their recent findings: Monthly and Annual Growth: Average house prices rose by 1.3% in...
Top European locations to invest in
Your Overseas Home has highlighted the most popular regions in Europe for prospective expats and holiday home owners, showcasing the diverse attractions each destination offers: Cyprus - Paphos: Known for its historical significance, Paphos attracts buyers with its...
Bridging loan transactions hit all-time high in 2023
According to latest Bridging Trends data, contributors transacted £831 million of bridging loans in 2023, making it the highest recorded annual gross lending figure since Bridging Trends launched in 2015. Key Points for 2023: Annual contributor gross lending up 16%...
Zoopla predictions of a 2% average house price drop this year
A report Zoopla provides valuable insights into the dynamics of the UK housing market, particularly in 2023 and the projections for 2024. Here's a breakdown of the key points: Overall Market Trends: Zoopla predicts a 2% average house price drop for the year, with...
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Nationwide Property Index for June released
The Nationwide House Price Index released this morning has revealed that house prices grew by 0.2% month on month in...
HMRC property transactions for May
HMRC has just released the property transactions for May. They can be seen here, and in summary: Residential...
Farage emerges as the landlords’ champion
Nigel Farage's Reform UK party has made several bold pledges regarding housing and tax reforms in their "Contract With...