Property Investors Weekly News: 09/11/2020

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Property Investors Weekly News: 09/11/2020

Good evening from the Sourcesome Team. We hope that lockdown is treating you well and you are smashing through all of your goals. This week we have pulled together some of the hottest property news articles from the last week for your reading pleasure. So, strap in, turn off the tv and get ready for some property updates:

Property remains ‘the best place to invest money’ amid uncertainty

Despite of England having entered another national lockdown last week, property market activity shows no signs of slowing down.

Auction House London, which sold almost £21m worth of properties at their auctions last week, report that property still remains a popular investment choice.

https://propertyindustryeye.com/property-remains-the-best-place-to-invest-money-amid-uncertainty

Average UK home costs more than £250,000, says Halifax

The cost of the typical home in the UK has risen to more than £250,000 according to Halifax.

Rising demand for bigger homes and with changing priorities and working from home has led to people seeking more space. Halifax have said that house prices in October were 7.5% higher than a year ago.

https://www.bbc.co.uk/news/business-54838553

There’s a lack of pet friendly rentals

Pet ownership has risen during the pandemic, however only 2.8% of UK rental properties are advertised as being pet friendly.

Plymouth is home to the most pet friendly rental properties, however in Belfast and Leicester there were no pet friendly properties advertised at the time of this investigation.

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