- Liverpool remains top for BTL yields– Great news for our investors purchasing or considering our Kingsway Square and 19 Keel Wharf investments with Liverpool at the top of Totally Money’s buy-to-let yield map with the L1 postcode and 5 other postcodes also making it into the top 25. Liverpool really has an impressive case for property investment and this further strengthens the argument of why it should be considered for your next investment area. If you look at the table as a whole, it suggests that the North East is where you should be heading for strong yields.
- Lenders predict improving higher LTV availability in Q3– The Bank of England Credit Conditions Survey has reported that lenders expect all measures of mortgage lending to improve in the next three months. Unsurprisingly they reported a decline in Q2 which is, of course, the effects of the pandemic but it seems that the professionals are confident of a market boost on the horizon.
- Universities see record applications in lockdown – It is great news for investors in the student sector as it is the first time that more than four out of 10 students (40.5%) had applied by 30 June to go to university. The figure last year was 38.9%. This could be down to the uncertainty of available jobs meaning students feel more secure knowing they can go into higher education while the economy gets fully back on track.
- China’s June property investment accelerates, home prices pick up– Not directly related to the UK property market, but China’s real estate investment in June rose 8.5% on year and home prices expanded 4.9%. The interesting thing about this data is that the government in China has been taking measures to encourage people to purchase property such as boosting credit and cutting interest rates which have seen a rebound in mortgages and consumer loans. We could liken this to that of our English government and the measures they have taken to help the property market here such as the stamp duty holiday and interest rates being cut.
Not necessarily worthy of a place in our headlines above but an article we thought could be an interesting read for you. It is one about how the mega-wealthy do property investing and the article shows John Terry’s lavish property portfolio including a £16m mansion with a £150k golf course. It is incredible to see the money he has made in from property over the years and a development project he has coming up.
That’s it for this week, get in touch with the team anytime to discuss your UK property investment plans through [email protected] or on +44(0)203 627 3987.