Weekly Property News Round Up – 14.08.23

Welcome back to the TrackCapital weekly news round-up. I hope you’re having a great week.

Here at Track Capital, we’ve been building a webinar covering the exclusive benefits of our new Manchester development. We’ve had a great time working with exclusive units from the developer – offering something truly unique is part of the service we pride ourselves on.

We love ‘doing property investment well’, and working with freehold properties offers a particular kind of long-term return we love to see.

Manchester’s long-term investment future has been a major research point with updates to energy efficiency compliance, ongoing regeneration, and declining interest rates marking a return to market strength.

Demand for private rental is going up, and off-plan investments are positioned to answer the call for new, bullish property investors in the buy-to-let space.

Here are some of the main news headlines behind these big market movements…

Ep 65: Riding the Property Wave: Unravelling the UK’s Housing and Rental Price Rollercoaster
 
The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

The UK Government must deliver an average of 67,500 new homes per quarter to reach its goal of one million new homes by the end of Parliament. Analysis by Stripe Property Group reveals that this target is unlikely to be met, as the best quarterly performance to date has only reached 51,370 homes.

In the three and a half years since the current Government took power, just 594,805 new homes have been delivered. Plans to build on brownfield land have been announced, but sceptics, including James Forrester of Stripe, doubt the promise will be fulfilled.

Property news this week:

EPC is a major investment focus: Energy efficiency takes centre stage, with Searchland showing investors save up to £28,000 by improving their EPC rating. Each band increases total savings, with moving from F to C saving up to 15% of property value. This is especially hot right now, as government legislation may mandate EPC improvements by 2028 – getting ahead seems to pay off for everyone.

Fixed rate cuts in major banks
: In a move that is music to the ears of investors, Halifax, HSBC, and multiple specialist lenders have cut rates. Cuts to fixed rates top out at 0.71% from Halifax, signalling a potential wind-change for the market after multi-decade highs. Hopes remain high that this will continue to decline as the market adjusts towards a more sustainable interest rate.

London’s creeping rents continue
: despite poor Growth margins, London rents have reached an average £2,500pcm. This raises the question of future patterns, with poor wage support for these prices. This only reinforces market strength for non-London markets such as Manchester and Liverpool. Local government has committed £4.9 billion to lower rent prices, but change may be slow.

Government called on to boost PRS: the Private Rental Sector’s recent has seen an exodus of private landlords – 70,000 since 2022. Driven by secondary market prices and interest rate hikes (which are now declining), PRS supply remains low, accounting for only 19% of all households. This is a prime signal for off-plan buy-to-let investors, however, avoiding secondary market price hikes and the compliance costs of MEES (newbuilds continue to surge in value with this ‘new stock’ saving).

That’s all of this week’s most important news. If you’ve got any comments or questions about any of these headlines, hit reply and we can go over the details, implications, or your thoughts.

Otherwise, I’ll see you next week for your property market round-up. Have a great weekend!

Tobi Mancuso
Director, Track Capital

Listen to The Pure Property Podcast from Track Capital here

Popular Posts

calculating roi

How To Calculate Buy-To-Let ROI

Date: May 21, 2024

best student areas in nottingham

The Best Areas For Student Property Investment In Nottingham

Date: April 24, 2024

blog post banner graphic

The Best Areas For Student Property Investment In Liverpool

Date: April 5, 2024

off plan property dubai blog graphic

Off-Plan Property Dubai: An Investor’s Pocket Guide

Date: April 5, 2024

best area for student property manchester graphic

The Best Areas For Student Property Investment In Manchester

Date: February 23, 2024

best buy to let areas in bolton graphic

The Best Buy-To-Let Areas In Bolton

Date: February 13, 2024

best buy to let areas in burnley graphic

The Best Buy-To-Let Areas In Burnley

Date: February 13, 2024

The Best Buy-To-Let Areas In Preston

Date: November 28, 2023

The Best Buy-To-Let Areas In Sunderland

Date: November 28, 2023

The Best Buy-To-Let Areas In Brighton And Hove

Date: November 28, 2023

How Much Deposit For A Buy-To-Let?

Date: November 28, 2023

How To Buy Off Plan Property In The UK

Date: October 27, 2023

Buy To Let In Cardiff: A Complete Guide

Date: October 27, 2023

Dubai Weekly Property News Round Up – 19.08.23

Date: October 18, 2023

Weekly Property News Round Up – 19.08.23

Date: October 18, 2023

Dubai Weekly Property News Round Up – 14.08.23

Date: October 18, 2023

Weekly Property News Round Up – 14.08.23

Date: October 18, 2023

Buy To Let In Leicester: A Complete Guide

Date: August 24, 2023

Overseas Investors in UK Property: Everything You Need To Know

Date: August 24, 2023

Why Are House Prices So High?

Date: August 21, 2023

Weekly Property News Round-Up 05/08/23

Date: August 5, 2023

Dubai Weekly Property News Round Up – 05.08.23

Date: August 5, 2023

Weekly Property News Round Up – 29.07.23

Date: July 29, 2023

Dubai Weekly Property News Round Up – 29.07.23

Date: July 29, 2023

Dubai Weekly Property News Round Up – 22.07.23

Date: July 23, 2023

Weekly Property News Round Up – 22.07.23

Date: July 23, 2023

Weekly Property News Round Up – 15.07.23

Date: July 16, 2023

Dubai Weekly Property News Round Up – 15.07.23

Date: July 16, 2023

The Best Buy-To-Let Areas In York

Date: July 14, 2023

How To Invest £500k In Property

Date: July 14, 2023

Recent Posts

calculating roi

How To Calculate Buy-To-Let ROI

Date: May 21, 2024

best student areas in nottingham

The Best Areas For Student Property Investment In Nottingham

Date: April 24, 2024

Get in touch with us by clicking below and submitting an enquiry.

if you have any questions or would like to inquire about our services, please click on the “Contact Us” button below to be redirected to our contact page. Our team is dedicated to providing exceptional customer service and will do their best to assist you with any inquiries you may have.