Property Investors Weekly News: 14/12/2020

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Property Investors Weekly News: 14/12/2020

It’s almost Christmas and the Sourcesome Team certainly have that festive feeling right now. This week consists of Christmas jumpers, online parties, lots of mince pies and collecting the keys to our latest property today. Don’t forget we are still available to contact throughout the festive break.

As usual, 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:

U.K. Property boom will last another year, Rightmove says

Research carried out by Rightmove has predicted that strong demand will be sustained into the first quarter of 2021 as housing needs outweigh economic uncertainty.

Rightmove have also predicted that asking prices will climb 4% in 2021.

https://www.bloomberg.com/news/articles/2020-12-14/u-k-property-boom-will-last-another-year-rightmove-says

The death of ground rents

The UK’s biggest house builder has stopped building homes with a ground rent charge. Barratt, are now starting to offer 999-year leases and zero ground rent on new-build homes.

These changes have came into action ahead of the government’s update in regards to the Help to Buy scheme.

https://propertyindustryeye.com/the-death-of-ground-rents/

Who are the UK’s private rental sector tenants?

Paragon have produced a report into the characteristics and attitudes of renters. They answer who are the UK’s tenants and what’s their experience of the Private Rented Sector?

https://www.paragonbankinggroup.co.uk/news/insights/who-are-the-uks-private-rental-sector-tenants

Bristol Banksy house owners ‘have not pulled out of sale’

A mural created by Banksy appeared on a house in Totterdown in Bristol on Thursday. The property was up for sale and sold at £340,000. Despite, the tabloids saying that the house was now worth £5 million, the owners have said that the sale of the property will still go ahead.

Would love a piece of Banksy’s work to appear on one our properties!

https://www.bbc.co.uk/news/uk-england-bristol-55286462

Have a fantastic week getting into the festive spirit!

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