HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Manchester and Birmingham will see rises of 20 to 30 per cent over the next three to four years, based on the shape of the regional economy and the trajectory of the current housing market cycle.
Of 18 areas we looked at, the best value for those wanting to rent is Chatham, on the Medway estuary in North Kent. For those wanting to buy a two to three bedroom house or flat, Chatham also turns out to be the most affordable.
Link Real Estate Investment Trust (Link REIT) announced that it will acquire a property valued at approximately 380 million pounds (equivalent to ~HKD3.7685 billion) in Canary Wharf, London, UK. The Cabot at 25 Cabot Square will be Link REIT's first acquisition of British assets.
Millions of leaseholders will be given a new right to extend their lease by 990 years. Changes could save households from thousands to tens of thousands of pounds. Elderly also protected by reducing ground rents to zero for all new retirement properties.
* On track for best weekly gains since March
* Trade-weighted sterling hits four-week high
* BoE says rate rise chances have risen