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As forecast and expected, the property industry featured heavily in the Autumn Budget 2017. Chancellor Philip Hammond made a number of announcements that will have a significant impact on housing and the property sector. Auction House London explores some of the biggest property-related initiatives in the Budget and how they’re likely to affect the industry
House price growth in Britain, especially in some of the country’s most populated areas, continues to rise. A survey by Hometrack, which analysed the nation’s twenty biggest cities, found property price increases are expected to be around 7% during the coming year. This is a rise of 3% on previous predictions made only seven months ago.
Optimism and interest in the but-to-let market is still high, as putting money into bricks and mortar remains a popular long-term investment opportunity in the UK. This is despite the government’s intentions to phase out mortgage tax relief on properties, which are intended for this sector, by 2020.
27% of all agents who deal with property letting, have indicated that rents have risen in the last couple of months to a level not seen since July 2016. Private rents have now risen by 1.8% during the last year. Even with the recent upheavals, only 2.8% of tenants actually managed to negotiate any sort
UK house prices have shown an upward trend once again, bringing renewed optimism to the housing market. The decline in the property industry, has been halted by the announcement that prices rose by 1.1% during the past month of June. In fact, during the three months prior to June, the figures were 2.8% above those
A record number of landlords are buying their property investments with cash, a new report shows. In January this year, the amount of buy-to-let investors paying cash for property reached 61%, the highest level since 2007, when records began. Throughout the last ten years, the number of landlords paying cash for property purchases has been
It has been estimated that house prices in the UK, including London, will continue to rise in 2017, despite the ongoing Brexit uncertainty. Industry experts claim that as long as the housing crisis continues and there is a shortage of housing stock available, property prices will continue to rise. In London, property prices increased 1.8%
West One – Specialists in Bridging solutions for building a property portfolio carry on with their day at our February auction, including the frenetic bidding, the funny moments, the surprises on the day and what happens within an auction itself. AT AUCTION HOUSE LONDON’S FEBRUARY AUCTION: PART 2 – THE AUCTION Auctions are fascinating places
West One – specialists in bridging solutions to build property portfolios attended our February Auction, read on for an insight into their day of Networking Presentations, auction strategy and uncovering the nuances of bidding at auction.
Auction House London, the fastest growing auction house in London, has sold a record number of lots in its February auction. AHL also sold its highest priced property under the hammer: Wellington Road, a six-bedroom semi-detached house in St John’s Wood, London in the February 2017 auction With an impressive total of 85 lots sold,
First time buyers in the UK are entering a competitive market, marked by uncertainty and high property prices. April’s stamp duty changes and the Brexit vote in June 2016 made buyers more reluctant than before to invest in a property. With house prices across England surging by 7.7% and in London by 7.5%, can auctions
Are you thinking about getting on the buy-to-let bandwagon in 2017? Perhaps you are already a landlord and you are wanting to add to your portfolio of investment properties this year? Either way, buy-to-let can be a rewarding and lucrative way to invest money. The location of the investment is paramount to its success, as
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