HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Rising demand and a lack of new homes coming to the market for sale will keep an upward pressure on house prices in the near term, especially in the more affordable parts of the UK. Liverpool city has annual growth running at a 15-year high.
● Billionaire Warren Buffett dismisses Brexit fears
● He said Britain's departure from EU had no bearing on his willingness to invest
● He endorses Britain by welcoming chance to invest in 'trusted' system
● He said Britain's departure from EU had no bearing on his willingness to invest
● He endorses Britain by welcoming chance to invest in 'trusted' system
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.
Hong Kong residents are buying more houses and apartments to lease out for income in Britain, and have became the fifth largest foreign investors in central London as of last August, driving up prices in some popular districts outside the UK capital.
Higher rental values were recorded in almost every region of the UK, rose by an average of 2.1% in September. The average monthly rental of new tenancy in September was £927 compared to £908 in the same month of last year. Compounded by the fact, the demand for rental properties will remain high.