HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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According to a recent report, around 5 million UK households, or 21% of the total, are in private rented accommodation. This is set to rise to 5.79 million (or 24%) over the next five years.
In 2017, Bristol was named "the best place to live in the UK" (Source: The Sunday TImes), while in 2019 the city was named "the happiest place to live in the country" (Source: Gala Bingo). We examine the reasons why it has been crowned these titles...
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.
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.
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.