HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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The Competition and Markets Authority has confirmed that domestic consumers have been overcharged for electricity usage, and it brings a huge criticism of the ‘big six’ suppliers who have been controlling the market over many years. To further solve this problem and the failing market, Nottingham City Council and Bristol City Council took a step forward and established fully licensed ESCOs (Energy Services Companies), which can control the energy supply and help to boost the economy.
Manchester and Birmingham will see rises of 20 to 30 per cent over the next three to four years, based on the shape of the regional economy and the trajectory of the current housing market cycle.
Skipton Building Society released recently a list revealing the top 10 most popular postcodes for first-time buyers in 2019. According to the analysis of internal data relating to thousands of Lifetime ISA customers, found that Bristol, followed by Birmingham, Manchester, Leeds, and Reading were the top five most popular places for first-time buyers.
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.
While Brexit has caused GBP to falter, Hong Kong real-estate tycoons have been quick to take advantage of the weakened currency to start building their property empire in the UK