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. 

The controversial issue of Bedroom Tax has kept the property market and its tenants on their toes over the past few weeks. When the House of Lords suggested that the penalty on benefits for those with an unoccupied bedroom in their home would be “unfair”, it seemed that a re-think would be on the cards. However, Inside Housing reported that MPs in the House of Commons voted against the amendment from the Lords – a move that will mean a continuation in the debate.

MPs voted by 316 votes to 263 not to accept an amendment passed by the House of Lords which would have watered down the policy, which will cut benefit for social housing tenants with one or more spare rooms. Lord Best’s amendment would have delayed the penalty for foster carers, war widows, disabled people and the sick with a spare room until suitable alternative accommodation became available.

Read the full coverage here.

 

The Yorkshire commercial property market is set for a successful year ahead as predictions have suggested there will be more confidence as time goes on. The Business Desk picked up on the feelings of optimism and reported that new developments are helping to rejuvenate the region’s property market for current and future investors.

Knight Frank partner Rebecca Schofield said: “In terms of outlook for the region, the larger end of the market is expected to continue to generate very competitive terms, as supply of this type of stock remains elevated. However, incentives are expected to harden for good quality small to medium-sized units in the prime locations along the M1, as supply of this sort of product is tighter.”

For more on this story, see Business Desk.com.

 

Asking price for average UK houses reached £233,252 in February and the property news wires all picked up on this significant development. The leap in price saw the sharpest increase in a decade and suggested that activity had returned to the market.

This is partly caused by an increase in the number of mortgage products available to those with just a ten per cent deposit and the stamp duty holiday.

To read more on this development see myfinances.co.uk or click here.

 

Will the UK property market be able to cope with a double-dip recession? That was the question asked by a reporter at the International Business Times this week.

The property market will always “cope” it is just the poor buggers caught up in it that suffer. For example, during the first dip recession thousands of families lost their homes, but at the same time millionaires from around the world capitalised on the massive discount they could get on prime property because of the combination of the weak pound and falling prices. The property market always copes.

See more on this interesting post here.