HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Below is the summary of measures announced by Chancellor Rishi Sunak in the Budget.
Hong Kong properties are among the most expensive in the world. While a 188-square-feet parking space costs HK$5.18M (£518,000 as of 20 June 2017) here, with the same amount of money, you could buy three or four reasonable size city centre properties in the United Kingdom.
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.
Agreement is 'within sight' as talks stretch into the night – but France and Germany warn Boris Johnson they would still need MONTHS to iron out legal details.
Brexit 'faces being delayed until January even if a deal is agreed'.
Rental growth has accelerated over the last 12 months from an
annual rate of less than 2% in July 2021 to 12.3% today. The average rent increased by £115 per month since last year.