Property Investors Weekly News: 05/07/2021
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:
House prices rise at fastest pace in 17 years
UK house prices grew at their fastest annual pace for more than 17 years in June. This was a result of buyers rushing to seal deals in time to benefit from the stamp duty holiday.
Property prices rose 13.4% from a year earlier, the biggest gain since November 2004, Nationwide Building Society has said.
UK House Price Index – May 2021
Liverpool and Manchester continue to record the highest levels of growth among UK cities at annual rates above 7% according to the latest Hometrack report.
Prime London sales and lettings break records in June
Latest data and market analysis from Knight Frank has revealed that prime London sales and lettings markets saw multiple records broken during June. This was a result of demand continuing to rise ahead of the stamp duty holiday and easing of lockdown restrictions.
John Lewis unveils plans to become a major private landlord
John Lewis has announced plans to move into the residential property market by building 10,000 homes for rental over the next few years.
They have said that they want to address the national housing shortage and support local communities.
Tenants will have the choice of renting fully furnished with John Lewis products or using their own.
Have a great day and we look forward to working with you.