Property Investors Weekly News: 08/02/2021
It’s time again where we bring you the hottest property news articles from the past week.
We hope that you are having a great Monday and smashing through your goals.
Now it’s time to sit down, relax and get ready for some property updates. Enjoy!
MPs battle it out for stamp duty holiday extension
MPs from both main parties have argued for the extension of the stamp duty holiday to allow people who are already in the process of buying a home to benefit from the tax break.
The issue was debated in a virtual House of Commons on Tuesday last week, which saw the majority of the MPs in the debate call for the holiday to be extended.
It remains unclear whether or not a decision to extend the stamp duty holiday will be announced before the Budget in March. However, the Treasury said in December that there were no plans to extend the relief.
Brits look for UK holiday homes
More than three quarters of Brits aspire to own a holiday home in the UK, survey by Park Leisure has found with Cornwall being the most popular holiday home location.
With the uncertainty of being able to travel due to COVID this has resulted in staycation stays popularity increasing. People more than ever are wanting to make the most of places in the UK rather than abroad. Those living in UK cities are most likely to want to invest in a holiday home to escape the hustle and bustle.
Government tells landlords – no national licensing scheme planned
The government has revealed that is has no plans to introduce a national licensing scheme for landlords.
Manchester’s housing market remains resilient during COVID-19 pandemic
Manchester housing market is continuing to see strong growth as more and more investment comes investment comes to the city.
House prices, rental yields and residential demand continue to be favourable in the city as Manchester remains an attractive city to live, work and invest in.
Have a great week and speak to you soon!