HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
Related Articles
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.
Victor Li Tzar-kuoi has bought a grade-A office tower in London for £1 billion (US$1.3 billion) as he embarks on an acquisition spree for overseas assets after taking control of Hong Kong conglomerate CK Group from his billionaire father Li Ka-shing.
A report by HSBC on the current UK property market, in which key changes in property prices, underlying rental demand, supply and demand, rental trends, and economic uncertainty, etc. are discussed.
Chancellor Rishi Sunak has extended the stamp duty holiday in the Budget. Anyone buying a home worth up to £500,000 before the end of June will now not pay the tax, and could save up to £15,000, with a reduced discount available until the end of September.
Amid the uncertainty of Brexit and increasing tax burdens for landlords, 2018 may be the year for rental investors to branch out beyond the obvious in the North of England.