This week we've pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:
Ofgem announced last week that the UK’s energy price is expected to rise by ANOTHER £830 to £2,800.Rishi Sunak has announced that the energy bills discount due to come in from October is being doubled from £200 to £400 with the requirement is to pay it back to be scrapped. Eight million of the most vulnerable households will receive at least £1,200 of extra support this year.Despite of the help from the government, people are going to be worse off. It’s an unclear and frightening time ahead for many.https://news.sky.com/story/cost-of-living-energy-price-cap-expected-to-rise-by-830-to-2-800-in-october-says-ofgem-chief-12620359
Interesting news for our North West network.House prices in Manchester have gone up more than any other UK city in the last 20 years! Salford has followed with the largest house price growth since 2002!It will have been tough to have missed the huge levels of investment and regeneration in Manchester and Salford in recent years. This has undoubtably resulted in an increase in population and house prices!We love living in Manchester!https://www.manchestereveningnews.co.uk/news/property/house-prices-manchester-gone-up-24048111#ICID=Android_MENNewsApp_AppShare
The number of rental properties across the UK has risen to over 1.1 million over the last 10 years, according to the latest research by specialist rental platform Ocasa.This increase now places the UK in the top 10 globally when it comes to the balance between renting and homeownership.https://www.propertyreporter.co.uk/landlords/is-the-uk-shifting-towards-a-longer-term-renting-lifestyle.htmlHave a great day and we look forward to working with you.
