First-time buyers rushing to avoid Stamp Duty create eight-month high in sales
The number of first-time buyers purchasing a property has reached an eight-month high as an increasing number of people rush to avoid the Stamp Duty being re-imposed on March 24.
Lent: Why not give up bad property investments?
With Pancake Day firmly behind us we can move forward in this period of fasting with a renewed sense of positivity as well as a rounder stomach as a result of all the lemon and sugar toppings. But while many people will be giving up chocolate, crisps and a whole array of sweet treats (our graphic designer is giving up pork in an odd twist), why not think about long-term profits and cash flow by giving up bad property investments.
Here at FreshStart Living we offer a range of below market value (BMV) properties and are committed to offering the best advice to current and prospective investors. So we have compiled a list of top tips to keep you out of hot water for the next 40 days and beyond.
Midweek Picks: UK property investment news just one click away
As part of our aim to bring readers the best know-how in the UK property investment sector, we have compiled today’s best stories from around the industry.
Social media: Why positive property promotion works
By Clare Fletcher-Yates
The property industry is constantly fighting the negative image portrayed in the media and there are very few positive images shown on TV or in the press.
But as an industry we have great internal networks and many of us are embracing social media as a way of successfully promoting ourselves. We follow colleagues, competitors and other industry figures, but how many members of the public are following our tweets and watch our Facebook pages with real interest?
Landlords ‘need good property market understanding to benefit from buy-to-let boom’
Landlords purchased 20 per cent more property last year for the purpose of buy-to-let investments, according to latest figures from The Landlord Syndicate.
The organisation, which represents landlords around the UK, suggested that landlords who want to take advantage of cheaper housing prices and higher rents should think carefully about affordability, location and commitment to ensure they maximise benefits from the market surge and are not caught short in the long term.
Location, Location, Location: How important is it really?
For many first-time buyers, the location of a property is the first thing they think about – even before budget. But there are important things to consider when looking for a new home and it is vital not to dedicate a search to a very specific area.
According to a representative from estate agent Rightmove.co.uk, people looking to buy a home should do as much research as they can prior to making an offer on a property.
Higher university applications signals more property investment opportunities
Universities are expecting an overwhelming amount of applications this year according to recent research from Knight Knox, providing increased opportunities for student property investment.
A study by the real estate body found that instead of the predicted decline in student numbers, educational bodies are expecting a high influx of applicants – something that some existing living facilities will be unable to cater for.
Property prices see sharpest increase in 10 years
Property prices saw the sharpest rise in 10 years in February, according to latest figures from estate agent Rightmove.co.uk.
The average property saw its highest monthly rise since 2002 with the typical monthly asking price increasing by 4.1 per cent to £233,252.
Demand for rentals “better than ever” in midst of bidding wars
Prospective rental tenants have been left in a bidding war after rates of monthly rent reached significantly high levels compared to last year.
Combined with the increasingly high demand for affordable properties in prime locations, flat hunters have experienced a pressure to buy – sometimes without even viewing a property at the fear of missing out on somewhere to live at a good price, according to those in the sector.
Rent rates in England and Wales increased in January, new figures have revealed
The cost of renting a home in England and Wales increased by 0.1 per cent in January, according to latest figures which suggest landlords are charging more to cover higher housing costs as well meeting high levels of competition.
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