MarvelSuccess

LONDON, Aug 11 (Reuters) – Investors pulled less money from UK-based property funds in July compared with previous months, as optimism about the sector grew with COVID-19 restrictions lifting in Britain, fund network Calastone said on Wednesday…

London has reimposed at least a 5 per cent tax on property purchases in England and Northern Ireland, officially winding up a stamp duty holiday that began a year ago…

Live video tours, video conferencing and virtual augmented reality apps are helping Hongkongers to pick their UK property amid travel curbs…

Smaller cities and outer London boroughs are newly in vogue…

Average UK house prices rose in March by the most in about 14 years before easing in April as London ranked the most expensive of all regions…

More than 34,000 Hongkongers have applied for the right to stay long-term in Britain under the BN……

Britain has done exceptionally well and its economy is rebounding faster than initially expected in the past quarter as IMF lifts UK growth forecast at end of July.Speedy and high coverage of vaccination made a huge difference. And the lifting of social-distancing rules in England on July 19 gave the final push of confidence of life back to normalcy.

The IMF also praised Britain for setting out plans to rein in COVID-related fiscal support over the medium term, but continuing with spending for now.

Think the next sign to watch out for is at end of September when Britain is due to end its main furlough wage subsidy programme and stop a temporary 20-pound ($28) weekly supplement to its main welfare benefit for unemployed and low-paid workers. Fingers crossed.

Buyers beware – we are seeing signs of UK property prices cooling…..

The UK property market should start putting the supply/demand distortions of the last 18 months behind it from the autumn, meaning this particular ratio will fall.

This is true against the backdrop of low mortgage rates and a recently-upgraded IMF economic forecast for the UK.

And the second reason why supply should pick up: the creeping return of normality. For the housing market, that means the complete end of the stamp duty holiday in September.

One final thought as people return home from the summer break and unpack: we expect double-digit annual growth to become single-digit growth by the end of the year.

I remembered that we talked once about life choices and what the differences between living with “ease and freedom” vs “ease and grace” – And today I found the best way to differentiate the two ……..
For your consideration. ❤️

According to Chestertons’ latest market analysis, the highest monthly sales numbers in the company’s history were recorded in June. This is due to a combination of buyers attempting to beat the Stamp Duty holiday taper deadline and a desire to move home before price growth further accelerates.

And the article predicts that “The remainder of the year may be relatively more sedate but with a pipeline of forward deals that still remain at near record levels, we have every confidence the market will continue to thrive.” – Also our thoughts…..
What is your prediction for the UK property market performance for the 2nd half of 2021?

Rishi Sunak has promised to turn ‘generation rent into generation buy’ in his latest budget announcement with a return to 95 per cent mortgages, previously phased out after the 2008 financial crash…

The torrential rain in some parts of the UK recently acts as a reminder that flooding is a reality for many and just one of the surprise factors Brits need to look out for when purchasing a new home…

LONDON, Aug 16 (Reuters) – Asking prices for houses in Britain slipped over the past month for the first time this year, as the partial removal of a temporary cut to property purchase taxes took the edge off demand for larger homes, a survey showed on Monday…

The future of Britain’s housing is net zero, or at least it will be by 2025 – according to the government’s Future Homes Standard published earlier this year. Its aim is that all new homes in the UK will be highly energy efficient, zero carbon ready and feature low carbon heating…