Chancellor Rishi Sunak says the stamp duty holiday on properties up to £500,000 will be extended from March 31 to June 30; from July 1, the holiday will apply only on properties up to £250,000 until the end of September.
Some 52% of landlords purchased properties with cash in 2020, the lowest figure on record.
The Help to Buy equity loan scheme has been extended by two months to 31 May to accommodate buyers and builders with applications already underway.
Demand for housing is outpacing supply, according to Robert Burdett, managing director at James Leigh Property Management.
- Brighton, Bangor, Portsmouth and Leeds offer decent prospects for landlords
- Landlords in St Albans, Cambridge and London may find it harder
- Only six locations in London remain 'profitable' according to new findings
Tens of thousands of residents in high-rise buildings can now access financial support to make their buildings safer while they wait for remediation work to complete, the Housing Secretary Robert Jenrick has announced as the Waking Watch Relief Fund opened Sunday (31 January).
Average UK house prices rose by 7.6% in the year to November to reach a record high of £250,000, according to the ONS House Price Index.
Properties are taking 29% longer than average to sell once under offer
Residential properties are currently taking almost a third longer than normal sell once under offer because of conveyancing delays, fresh industry data shows.
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