Property Investors Weekly News: 21/06/2021
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:
Market begins to cool as stock levels fall to all-time low
The price of a property coming onto the market has increased by 0.8%, or £2,509 on average, this month according to data collected by Rightmove.
This is the largest rise at this time of year since 2015, and prices are now at record high in countries and regions across Britain.
According to Rightmove, high prices combined with an all-time low in the number of available properties on agents’ books are starting to slow the market’s pace.
Home sellers over-optimistic during Q1
Latest research from Benham and Reeves, has revealed that house price growth stuttered in the run-up to the original stamp duty deadline in March of this year, climbing just 0.6% on the previous quarter.
This decline in market activity saw the gap between asking prices and sold prices fall its lowest since the start of 2018, however, sellers continued to chance their arm, with actual sold prices coming in -21% below their over optimistic asking price expectations.
Airbnb calls for national short-term landlord register
Airbnb is calling for a national register for the short-term let sector whereby, operators are required to have a registration number from the government. This registration number will then allow them to list their homes on a short-term letting platforms.