Category: UK Property

6 Tenant Priorities in Today’s UK Rental Market

According to JLL’s 2020 forecast report Home is… for everything, our lives now revolve around our homes more than any other time over the past 250 years – a trend accelerated by COVID-19. Spending more time at home for both business and pleasure has driven a change in renter priorities, with a greater focus on aesthetics and amenities than ever before. Despite spending more time at home, location is still a key priority for tenants, with 80% of people in the UK living in urban areas. Purpose-built luxury apartments are...

5 Reasons to Consider Investing in Off-Plan Developments

Off-plan developments are in strong demand from investors around the world, despite some seeing it as a risk to purchase months or often years before completion. The major advantage of investing off plan is to secure the purchase at a discounted price ahead of capital appreciation over the build period, giving investors instant equity in the property at the point of completion. Here are 5 reasons why every investor should consider investing in off-plan developments: 1. Strong capital growth potential Although capital growth is never guaranteed, cities with strong tenant...

End of Lockdown Signals New Start For UK Property

In February, UK Prime Minister Boris Johnson announced the government’s four-stage roadmap out of COVID-19 restrictions. Housing experts are predicting that this also signalled the start of a new era for UK property. Summary: April 2021 has seen UK life start to get back to ‘normality’, with outdoor dining, non-essential shops, pubs and the beauty industry reopening, and even staycations allowed again. Initial figures from across the housing industry indicate that UK property is reacting strongly to the ease of restrictions, with a ‘post COVID-19’ boom on the horizon. Housing...

Students Returning Back to UK Universities

With university applications and searches for student accommodation notably rising, a million students plan to head back to university within the next month. Summary: In February, the UK Government announced that in-person learning can resume for students on practical or practice-based courses and who require specialist equipment and facilities. This lockdown exit plan has reinvigorated the market and prompted a rise in students applying for university places and searching for term-time accommodation. Following the announcement, student accommodation platform, UniHomes experienced a 68% increase in students searching for rental accommodation, with...

International Demand For UK Property Expected to Surge This Summer

Industry experts are predicting that overseas buyers will be rushing to invest in UK property in summer 2021, once international restrictions are eased. Summary: International buyers have still got a strong appetite for investment properties in the UK. Buyers from the Middle East and Hong Kong are leading the pack. UK property market remains buoyant despite the COVID-19 pandemic, demonstrating the resilience of this historically strong market. Areas outside of London are being touted as the best investment and cities in the North and Midlands like Manchester, Birmingham and Leeds...

Chancellor Reinforces Foundations Of Property Market

(Please note: Select Property Group is not a tax advisor. Please use this article as a guide only and contact your financial advisor for further support). The Spring Budget 2021 included some highly anticipated news for the UK property market and proved to be a very significant budget for the sector. Summary: The Chancellor of the Exchequer Rishi Sunak announced in his Spring Budget (on March 3rd, 2021) that there was to be an extension of the Stamp Duty Land Tax (SDLT) holiday in England and Northern Ireland. Stamp Duty...