What impact will the election result have on the property market?
Property Mastery Academy
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4y ago
Following this month's general election, there looks to be renewed confidence in the property market. With the Conservatives winning a significant majority in Parliament, there’s currently a feeling of greater political stability and the promise of progress on Brexit. An immediate result of this was that sterling increased by 2% against the US dollar. What this means is that the property market is currently less appealing to foreign buyers than it was following the referendum – when the falling pound effectively gave an advantage to other currencies. A new year bounce on the housing market? A ..read more
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Where in the country can you find the biggest property price reductions?
Property Mastery Academy
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4y ago
The number of properties listed for sale in the UK is dropping at the fastest rate in a decade according to Rightmove’s latest House Price Index. New listings fell by nearly 15% in the biggest year-on-year drop in any month since August 2009. “Elections normally dampen activity as uncertainty causes a degree of hesitation, but this one is being called to try to break the deadlock. A more certain outlook, whatever it may be, would be a welcome change for those who are contemplating moving,” commented Rightmove director, Miles Shipside. So, in this slowdown, are there any price reductions to be ..read more
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Do you have a property investment exit strategy?
Property Mastery Academy
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4y ago
With so much focus on investing in property, we sometimes forget about how we may want to exit from that investment. An exit strategy is for what you might want to do with that property later in life. The main benefit of developing an exit plan early on is that it will help you to gain the most profit from that property investment. Exit strategies are usually geared toward retirement. However, although we talk about retirement in this article, exit strategies and portfolio restructuring can come into play at any time in your property investment journey. Sell your whole property portfolio If y ..read more
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The fastest-moving property markets in the UK
Property Mastery Academy
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4y ago
Research by Zoopla has taken a look at the UK property market to see where properties are selling in the least amount of time. It makes interesting reading for property investors in search of fast-moving deals. By studying the 50 biggest towns by number of listings, Zoopla revealed the average length of time it takes for properties to sell in Britain. Its results show that it takes 56 days for the average property in the UK to go under offer from when it’s first listed. The fastest-moving UK cities Edinburgh and Falkirk are top of the list with the fastest-moving property market in the UK. Pr ..read more
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Should you invest in off-plan or refurbish a property?
Property Mastery Academy
by
4y ago
If you’re looking around for properties, you could end up facing a decision whether to buy a new property off-plan or an older property that you can refurbish. Both offer different benefits, but which option is best for a property investor? What is buying off-plan? Buying off-plan means purchasing a property when it’s in the planning or development stages. As the property is not yet built, you’ll have to rely on the accuracy of the plans. Therefore, you need to be able to trust the developer. Do some research to check out their reputation and the standard of their other builds. Are they known ..read more
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How to learn from property investment experts
Property Mastery Academy
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4y ago
Property investment is one of the most lucrative ways to make the most out of your savings. However, there are many different types of property investment. Therefore, it’s worth taking advice from seasoned professionals before embarking on your property investment journey. To begin with, you may ask yourself a lot of questions. For instance, what type of property do I want to purchase? Do I want to make a one-off investment or start to build a portfolio? Now is the time to seek advice from property investment experts, so you get started on the right footing. Build relationships with different ..read more
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Where to find the best returns in the HMO sector
Property Mastery Academy
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4y ago
The beauty of HMOs (Houses in Multiple Occupation) is that they enable you to generate multiple income channels with one single investment. It’s a tempting proposition – a single property with five bedrooms gives you five separate income streams. If a room is vacant, you still have the cashflow coming in from the other rooms. It’s not surprising a fifth of landlords intend to expand their portfolio with the addition of an HMO.*  The benefits of HMOs Kent Reliance's Buy-to-let Britain report reveals that landlords have been increasingly investing in HMOs to increase profits. One in five landlo ..read more
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Property extensions you can now do without planning permission
Property Mastery Academy
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4y ago
If you’re looking to upgrade a property by adding on an extension, there’s now more flexibility than ever over what you can do. Temporary rules introduced by the government in 2013 that allowed owners more leeway in the type of extensions they could build without planning permission became permanent last year. Changes to restrictive planning rules In England, the new rules mean single-storey rear extensions of up to six metres on a terraced or semi-detached property and eight metres on a detached property can be built without needing planning application. This is good news for property invest ..read more
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Thinking of investing in eco properties?
Property Mastery Academy
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4y ago
Climate change and our response to it is a subject that’s constantly in the news. As a consequence, the ecological impact of how we build and renovate properties is the subject of much debate. As a property investor, you may be keen to invest in more ecologically sound projects; however, there’s still much confusion over the definition of ‘eco property’. What is an eco-property? Simply put, an eco-property is a house that minimises its impact on the environment. But there are many different ways to do this; there’s not a single conclusive example of an eco-house. The basic principle is - the ..read more
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Looking at average house prices across the UK
Property Mastery Academy
by
4y ago
According to the Cities House Price Index, November 2019, the average house price in the UK is £235,298. There was a 0.4% rise in property prices in comparison to the previous month and a 2.2% rise on the last year. The UK House Price Index (HPI) uses house sales data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland and is calculated by the Office for National Statistics. House price growth in the last decade In the last ten years, property prices have increased by 54% when you look across 20 major cities in the UK. An additional 3% rise is forecas ..read more
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