Property Investors Weekly News: 26/04/2021
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:
Staycations see beach hut prices surge by 41%
According to the latest research by Hoo, the hotel room offer platform, the price being paid for beach huts has surged by 41% in the last year, although continued lockdown restrictions have caused beach hut rental prices to fall by -4.1%.
The stamp duty holiday has ‘turbocharged the property market’
The number of homes sold in the UK hit a record high in March as buyers and sellers attempted to complete deals before the end of the stamp duty holiday.
According to official figures from HMRC, about 180,690 transactions were recorded during the month of March.
Early signs of a recovery in the prime London lettings market
There are early signs of a recovery in the prime London lettings market, property investment specialists London Central Portfolio has reported. The first lettings report for 2021 has revealed that Marylebone and Pimlico were the ‘hotspots’ in Q1 2021.
Have a great day and we look forward to working with you.