Homeowners in the wealthiest parts of the UK must accept new housing plans
Homeowners in wealthy parts of the UK will be forced to accept proposals for new homes in order to tackle Britain’s housing crisis, the UK Communities Secretary Sajid Javid has said.
The UK government wants communities that have benefitted from growth in property prices to help tackle the shortage of housing in Britain.
New rules to increase council housing targets will be published in the next three weeks.
To read more http://www.telegraph.co.uk/news/2017/07/04/families-living-wealthiest-parts-country-must-accept-new-homes/
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UK House prices have risen, suggesting that the market has stabilised following a few uncertain months after the UK’s vote to leave the EU. Growth of 7.7% took the average UK house price to £218,000.
Data from ONS shows house prices are continuing to grow month by month, with the changes to stamp duty and the Brexit vote not resulting in a decline in average prices.
An emerging trend is a reducing volume of sales. Current transaction volumes are lower than in 2014, 2015 and the start of 2016, suggesting a degree of caution and uncertainty in the market.
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A famous London court house has been purchased for an undisclosed sum by Doha based Business Trading Company (BTC) for conversion into a £125m ($156 million) unique luxury hotel. The acquisition follows a number of Qatari purchases of high end, luxury property in London such as Harrods, The Shard, Chelsea Barracks and the former US Embassy Building.
The Grade II listed building was constructed in 1881, and was once the home of the Bow Street Runners, London’s first professional police force. Infamous British names to be tried at the court include Oscar Wilde, the Kray brothers and, more recently, radical Islamic cleric Abu Hamza Al Masri.
The court ceased legal operations in 2006 and was later granted planning permission to be turned into a 100 bedroom hotel, with some rooms in the old cells.
Mehdi Ghalaie, managing director of BTC UK, told UK media that the company would work with conservation trust English Heritage, Westminster City Council and the Metropolitan Police to build a “world class boutique hotel that befits the history of this landmark building”.
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Herald Land is pleased to announce a new service to our clients, easing you to make valuable investment choices in the UK.
Herald Land’s “Land Appraisal Service” is a service that provides you an insight into the current UK market value of your land along with a wide range of investments that you can keep in mind for future investments.
In a broader sense, we offer you this service with precisely written valuation reports along with a know how knowledge of the current UK market conditions, we provide strong and reliable advises for your investment needs.
We are a one of a kind company that offers you this service. So, grab this opportunity and sign up NOW!
The UK has long been one of the most searched locations for property investments, attracting investors worldwide with variety of properties from Buy To – Let, Student Property, Airport Parking, Hotel and Land investments.
Upon the Brexit hit, the pound fell to its lowest level against the US dollar in more than 30 years, however, UK having an enormous demand for properties that outweighs supply, the market is still active for investors looking to purchase for prime London properties.
- Stamp Duty Land Tax: During April 2016, the UK government released a 3% stamp duty land tax on investment opportunities.
- Mortgage interest relief: UK property experts forecast, from April 2017, Buy To – Let investors are forbidden to claim mortgage interest relief on their investments.
- Declining interest rates: The Bank of England base rate has remained at a 0.5% since March 2009 and is anticipated to depreciate in the upcoming weeks to 0.25%. However, it is an advantage for those looking forward to secure finance for their next property investment.
Herald Land will be showcasing properties and land investment opportunities on the last day (25 September) of the Luxury Property Show held in Guangzhou, China.
Take advantage of the weekend and visit our stand and get solutions to all your queries from our expert advisers and invest in the finest properties we offer in the UK.
Register with us: www.heraldland.net/register/campaigns?campaign=luxury-property-show-last-day/
UK property has become one of the highest yielding opportunities in the UK. With the fall of the sterling many investors take advantage of this occasion in investing on one of the most sort after locations of the UK.
According to latest index suggests, the number of new rental properties in prime central London from July – August have seen 40% hike in rents.
The overall increase in properties are evident at 38.9% which is looked upon as a welcome sign of the market getting better from Brexit.
Herald Land witnessed a tremendous response to our UK investment opportunities with investors continue to be drawn to property including Buy To – Let as returns rapidly outperformed those of other investments.
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Your opportunity to invest in one of the most significant residential development located at the heart of the UK.
– 7 The Strand, Greater London, UK.
Located at the rarest site opposite to the most renowned Royal Liver Building, the core of the UNESCO World Heritage Site, 7 The Strand offers a unique opportunity to its investors who look forward to embrace the values of strong heritage architecture, breathtaking city views and prime location for a perfect investment.
Within easy walking distance is the new Liverpool One shopping complex, Liverpool Maritime Museum, Ferry Terminal, Chavasse Park, Echo Arena and the award winning Albert Dock . Proving a perfect location for people to live, work and study in the City Centre.
7 The Strand is a property comprising both modernity and world famous mercantile heritage, it offers its investors both posh new interiors and an old world character an entirely unique and much demanded investment opportunity available now.
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As exchange rates becoming favorable for sterling purchasers following Brexit, a wide range of opportunities have become accessible for international investors.
Shrewd international investors continue to invest in the UK market and have accelerated investments despite period of uncertainty, enabling them to take advantage of the UK market conditions.
A considerable amount of UK property agents has seen an outburst of activities following the decline in the value of the pound.
Predictions arise as UK is set to outperform other EU member states and the G7 countries by 2020 despite the short term growth in economic growth, according to HMRC and Nationwide. Hence, the UK is still open for business for overseas investors.
Overseas investors take advantage of current market conditions, especially those buying in their domestic currency, with property prices being more affordable than before the referendum.
With rental values growing stronger along with the increase in the value of the pound in the medium term, international investors are expected to gain massively from buying during this period of uncertainty.
Due to the adverse impacts of the Brexit, property value growth declines and domestic property investors show a variable interest to switch to yield based assets.
House prices are set to rise at a slower pace than noticed in the previous years, as the UK still lacks housing stock.
Local investors take advantage of the strong capital gains over the years and it’s the prime of the reason that forms the bases of the decision to invest in properties in some areas with a lower rate of yields but high in capital growth.
Due to change in recent market acts, local investors change course to investing for yield.
Post Brexit, the demand for rental property and levels of supply remain stable as investors prefer to opt on rents instead of applying for mortgage schemes.
According to Nick Leeming, Chairman of Jackson – Stops & Staff states that, “Despite the upheavals following the Brexit decision, the level of demand vs supply has remained broadly static UK – wide, showing that in the short term buyers and sellers are still being driven by the normal catalysts for entering the property market.”
As the sterling begins to improve, the stability returns to the UK’s financial markets leaving innumerous questions for many as to what the wider economic implications of Brexit will be.
The UK’s decision to leave the EU has resulted an economic impact in deciding the future success of the UK’s housing market.
UK is the fifth largest economy in the world, currently the sixth after the announcement of the referendum results and is expected to remain in its strongest position even post – Brexit.
UK’s economy has globally seen a decrease in oil, energy and food prices whereas, the consumer and spending growth has been consistently growing strong from March 2015 to March 2016.
Hence, London is expected to lead the country’s growth once again in 2016 with a predicted growth rate of 1% all over the UK.
On the job front, employment rates have set to reach 37 million by this date with education and health sectors rising above the growth chart.
As number of debates arise due to how Britain’s exit from the EU will affect the economy, was an important feature in both pre – referendum campaigns, but expert analysts have offered their own projections for the future of the UK’s economy.
Open Europe, a non-partisan and independent policy think tank suggests two economic models that explains the extremes of where the UK might end up based on the discussion process.
- The first model suggested by the Open Europe proposes the UK remains an active element of the European market and not bounded by the four freedoms of the single market that is goods, services, capital & labor.
- The second model suggests that the UK becomes a part of the World Trade Organization rules to trade with the rest of Europe and redefine its trade position in comparison with the rest of the world.
If the UK abides to free trade and inherits a balanced approach towards the nation’s economic needs, the open market predicts the GDP to hike 1.6% by 2030, in comparison if the UK remained in the EU.
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