Property Investors Weekly News: 15/03/2021

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Property Investors Weekly News: 15/03/2021

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:

Savills – Spotlight Mainstream Residential Property Forecasts

Largely due to the government’s budget measures, property group, Savills, has upgraded its UK house price forecast for this year to 4% growth from 0%.

https://www.savills.co.uk/research_articles/229130/311753-0

Why are more Londoners looking to move to zones 1 & 2?

Rightmove research reports are showing that rents in the capital are falling, this has provided an opportunity to many to relocate before the rents increase again.

https://www.rightmove.co.uk/news/articles/property-news/rental-trends-central-london

Industry has little faith in government to resolve the cladding issue within two years

Only 1% of industry professionals have faith in the government to resolve the cladding issue in the next two years, a survey by Countrywide Surveying Services (CSS) has revealed.

https://www.propertyreporter.co.uk/property/industry-has-little-faith-in-government-to-resolve-the-cladding-issue-within-two-years.html

Major student development opens in Manchester

Unite Students has opened a 32-tower block development in Manchester providing a home for 603 students. The development cost £82.5m.

Professionals from all areas of the industry – from lenders to brokers to surveyors and others involved in property – have either expressed a lack of confidence or uncertainty in the government’s ability to resolve the problem.

https://www.propertywire.com/news/major-student-development-opens-in-manchester/

Have a great week and speak to you soon!

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