Property Investors Weekly News: 14/06/2021

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Property Investors Weekly News: 14/06/2021

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 Price index – Halifax May 2021

Average house price hits a record high of £261,74 and has increased by £22,000 in the past 12 months, according to Halifax’s house price index. This represents a 9.5 per cent annual rise in value, the largest gain in nearly 7 years.

https://www.halifax.co.uk/assets/pdf/may-2021-house-price-index.pdf

First homes scheme launched with 30% discount for first time buyers

A scheme to help people purchase their own home at a discount of at least 30% launched earlier this month by the government.

First Homes aims to help young people and key workers – such as NHS and veterans – get on the property ladder by supporting them to buy property below the market value.

https://www.mortgageadvicebureau.com/resources/first-homes-scheme-launched-with-30-discount-for-first-time-buyers

Renting now cheaper than buying a home, Hamptons says

As a result of the pandemic, it is now cheaper to rent a home than buy one, for the first time since December 2014, according to research by Hamptons.

https://www.bbc.co.uk/news/business-57464534

GOV.UK – Rental Mediation Service

The mediation is free for landlords and tenants involved in housing possession court cases with the aim to resolve the situation without the need for a face-to-face court hearing.

https://www.gov.uk/guidance/rental-mediation-service

Have a great day and we look forward to working with you.

 

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