HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Tourists from Hong Kong and mainland China have started a trend. As London becomes too costly, Manchester – beneficiary of “northshoring” – has emerged as an attractive destination.
Rishi Sunak is preparing to extend the stamp duty holiday by three months until the end of June in an attempt to keep the property market firing as Britain emerges from lockdown.
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.
* On track for best weekly gains since March
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* BoE says rate rise chances have risen
Unveiling its policy plans as the Conservative Party conference began yesterday, the government said it would begin consultations on Sunday to increase the stamp duty on individuals and companies not paying tax in the UK.