During a recent conference where Theresa May announced reforms to planning rules, the prime minister suggested that house builders are to blame for the UK’s chronic housing shortage, but Berkeley, one of Britain’s biggest housebuilders
In recently revealed data by Halifax, house prices within London were one of only two areas within the United Kingdom to fall in March. Historically, London’s property market has been one of the strongest in the world, attracting millions of investors to take advantage and make great gains.
Edifice Invest discusses a booming Birmingham Investment and the period of significant change the UK is currently undergoing. We discuss the growing sense of optimism across the West Midlands region which is critical to how investors turn uncertainty into success.
Edifice Invest discusses what Chancellor Philip Hammond’s Spring Budget really means for the UK and how investors can start taking advantage of the numerous investment opportunities available.
In the latest figures revealed by The Guardian, the total amount of rent paid by tenants has doubled in the last decade, soaring to more than £50 billion in 2017 alone.
In recently released data, the value of Britain’s homes has reached over £6 trillion for the first time. In one year alone, the value of homes in the UK has risen by £376 billion and the number of homeowners without a mortgage have a total property wealth of over £2 trillion.
Chancellor Philip Hammond has announced in his Autumn Budget that stamp duty will be abolished immediately for first-time buyers buying a home worth up to £300,000. Additionally, for properties costing up to £500,000, no stamp duty will be paid on the first £300,000.
Last year, the Prudential Regulation Authority – part of the Bank of England, began its crackdown on buy-to-let mortgages but there are now signs that lenders are relaxing their rules to woo landlords.
In an era of low interest rates and rising inflation, UK investors are expecting an average annual return of 8.7 per cent on their investments over the next five years, according to the Schroders Global Investor Study.
It has been reported recently that inflation has risen to 3 per cent on average over the past year and with average pay rises at just 2.2 per cent, households are feeling the squeeze on their budgets. According to the experts, inflation is the ‘silent threat’ that eats away at the real value of cash over time.
