Property Investors Weekly News: 06/04/2021
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:
Number of overseas landlords with UK properties hits five-year high
Favourable exchange rates and the stamp duty holiday have spurred many into action.
Ludlowthompson letting agency estimates that the number of overseas landlords owning UK properties has hit a five-year high – despite Brexit, the pandemic and tax changes.
The most recent data shows the figure standing at 184,000 – marking an increase of 19% over five years, when there were 154,000 overseas landlords.
February sees the highest number of properties sold above asking price in five years
Latest figures released by NAEA Propertymark show that 11% of properties sold above asking price in the month of February. This was the highest figure recorded for a January since 2016.
Number of prospective tenants continued to rise in February
ARLA Propertymark February Private Rented Sector Report shows no sign of demand slowing down in the rental market.
Cornwall property sales up by 30 per cent on last year, reports Rightmove
The coronavirus pandemic has changed the kind of property we want to buy or rent. Cornwall has overtaken London this year as the most searched location on Rightmove. It turns out a lot of those searches did turn into sales.
Have a great day and we look forward to working with you.