Thanks to the Chancellor’s tax measures, many landlords are having to review their portfolios to find ways to protect their profits. Some landlords may be selling off unprofitable properties, while others will be incorporating their portfolio, or extending and refurbishing to enhance the rental income. While the new stamp duty tax on second homes has […]
It’s no surprise that Manchester has been named as one of Europe’s influential cities, thanks to its booming digital economy, enviable talent base and affordable cost of living. Over the last few years, Manchester has become one of Europe’s most dynamic and exciting cities in which to live and work, boasting an increasingly diverse economy […]
Despite the government’s recent tax hikes and tougher criteria for mortgage lending, over the long term, the right property investment can provide an enviable pension pot. There are plenty of reliable surveys that show that despite the property market being more risky than pensions, property is nevertheless, king. Though pensions will beat a portfolio of […]
According to recent research, Manchester is one of the top 10 places in the UK for rental growth with average yields of almost 9%. Peter Armistead, Director of Armistead Property comments: “It’s no surprise that both UK and international investors are queuing up to purchase BTL property. Manchester beats London hands down on affordable property […]
The majority of landlords are making a profit from their BTL portfolios despite the Government’s tax hikes, but BTL investment is at an all-time low, according to research from Armistead Property. However, 83% of landlords have found obtaining buy to-let finance more difficult in the past six months and just 16% of landlords intend to […]
Asian investors are flocking to buy both residential and commercial UK property, despite the uncertainty surrounding Brexit and the forthcoming General Election. Property investor Peter Armistead, of Armistead Property, comments on the trend: “There has always been a strong Chinese base in Manchester. Brexit hasn’t worried them at all. In fact, they see it as […]
Data from The Council of Mortgage Lenders advised that 57,400 mortgages, worth £6 billion, were advanced to buy-to-let investors in the fourth quarter of 2016, up 2% quarter-on-quarter but down 20% year-on-year. It appears that investors are returning to the buy-to-let market for a better return on their capital. 84% of landlords are making a […]
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The economic arguments for Brexit were generally not well expressed before the Brexit referendum and the Remainers squarely won the propaganda battle there. However now that the dust has settled a bit we can see that the future post Brexit in the UK and especially for UK property is quite bright. Manufacturing and industrial production […]
Since the Chancellor announced measures to curb buy-to-let in the 2015 Summer Budget, there has been a flurry of debate. Will this be the death of the buy-to-let market, or just a slowdown? Will it force landlords to sell, as they see their profits eroded by the new taxation changes? If only we had a […]
2016 was a year of big economic and political surprises both internationally and also for the UK property market. The election of Trump, the Brexit vote, tax changes to property investment and higher regulation were all largely unpredicted and took a lot of us by surprise. Arguably the biggest shock to the UK economy was […]
‘Granlords’ investing in buy to let property to boost their pension income is growing in popularity, at a time when banks are offering the worst interest rates on record. Recent research shows that one in ten over 55s owns a buy-to-let and that the average property, now brings in a profit of nearly £700 a […]
Manchester has changed significantly and has become the largest economic and investment city in the North of England, over the past 20 years. More and more property investors are beginning to invest in the North according to HSBC, drawn by high yields – Manchester offers the highest rental yields (7.93%) of any city in the […]
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