Property Investors Weekly News: 01/11/2021
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:
Zoopla: What’s in store for the housing market in 2022?
2021 is looking to be a record year for house sales. Zoopla has released its latest predictions for the housing market in 2022. One of the key takeaways from the analysis is that house price growth is expected by the end of 2022 at 3%, with growth likely to be strongest in the East Midlands and Northwest. House price growth will be weakest in London at 2%.
Autumn Budget 2021: what was announced for landlords
The Chancellor Rishi Sunak delivered the autumn Budget last week. Here are some of the measures announced which look set to impact landlords:
- Grants to help landlords replace gas boilers with heat pumps
- Capital gains tax deadline extended
- Housing investment to total £24 billion
- Brownfield regeneration
Budget: Government to build 160,000 homes on brownfield sites
Following on from above. Rishi Sunak announced in last week’s Budget that the government would finally utilise Britain’s brownfield to help address the housing crisis, investing £1.8 billion to deliver 160,000 new homes on 15 hectares of currently dormant land.