Category : UK News

  • By Simon Morris On Thursday, November 19 th, 2015 · one Comment · In , ,

    New figures have indicated to Simon Morris that London’s rental growth significantly outstripped the rest of the UK’s during the third quarter of 2015. Rent culture Soaring house prices, coupled with limited residential property stock, have made it harder than ever before for people to buy their own home in London, This has forced many people to rent and According to the Telegraph, private sector rents in the UK capital have increased a staggering 34% throughout the past decade. London vs....

  • By Simon Morris On Wednesday, November 11 th, 2015 · no Comments · In ,

    Statistical evidence has indicated to Simon Morris that UK commercial property investment is set to break records by the end of 2015. Confident investors Investors are feeling pretty confident about the prospects of the UK’s commercial property sector. This was highlighted by the latest UK Consensus Forecasts from real estate advisor Investment Property Forum (IPF); forward-looking research involving over 25 leading fund managers and advisors. This study found that investor confidence in the...

  • By Simon Morris On Wednesday, September 30 th, 2015 · no Comments · In , , ,

    A new survey of UK house builders has shown Simon Morris that the UK needs a greater supply of residential property to overcome the nation’s housing crisis. Housing crisis It’s hard to deny that the UK housing market is recording impressive growth volumes at present. The Office for National Statistics’ July 2015 House Price Index found that the UK’s average house price grew 5.2% in the year to July 2015. In August 2015, UK residential property sales exceeded 100,000 units per month for...

  • By Simon Morris On Monday, August 17 th, 2015 · no Comments · In , , ,

    New figures have suggested to property expert Simon Morris that the UK’s prime residential property market was hit by the government’s decision to hike Stamp Duty in late 2014. Stamp Duty hike The government’s official website defines Stamp Duty as a tax people are obliged to pay if they “buy a property or land over a certain price in England, Wales and Northern Ireland.”  This means that if investors buy a residential land/property worth at least £125,000 or a non-residential land/...

  • By Simon Morris On Thursday, July 23 rd, 2015 · no Comments · In , ,

    New data has illustrated that over half of residential properties in the UK are now worth £1 million or more. Property expert Simon Morris discusses what this means for investors who are looking to capitalise on the good fortunes of the UK residential property market. UK residential property prices There’s little doubt in the mind of even the most cautious investment expert that the UK residential property sector has recovered from the economic crash. According to the Daily Mail, data from...

  • By Simon Morris On Friday, July 10 th, 2015 · no Comments · In , ,

    The UK Housing Minister has announced that small home builders will receive a big financial boost. In property expert Simon Morris’ opinion, this could have a significant effect on the UK’s residential property market. Supply and demand The UK residential property market has recovered from the economic crash of 2007, which devastated it dramatically. The Office for National Statistics’ latest house price index shows that the average UK house price rose 5.5% in the year to April 2015. Yet...

  • By Simon Morris On Friday, July 03 rd, 2015 · no Comments · In , ,

    New figures have proved to Simon Morris that UK commercial property sales have reached their highest level since the economic downturn. Downturn Arguably, there was no sector that was damaged more by the UK’s economic downturn than the country’s property market. Commercial and residential property sales alike declined to historic lows during these tumultuous times. Property Wire recently reported that commercial property sales equalled 139,000 in 2007/2009. This dropped to a paltry 92,900...

  • By Simon Morris On Friday, June 12 th, 2015 · no Comments · In , ,

    Property expert Simon Morris recently commented that the Help to Buy ISA will be attractive to property investors following the Conservative victory in the 2015 UK national elections. Help to Buy ISA UK Chancellor George Osborn used his final budget before the 2015 election to announce the creation of the Help to Buy ISA. He revealed that the financial product would be launched in April 2015. The new ISA wrapper would allow first-time buyers on the property ladder to recover £200 per month...

  • By Simon Morris On Tuesday, May 12 th, 2015 · no Comments · In , ,

    Property expert Simon Morris recently spoke out on pension reforms and whether people should use them to remove their pension as a lump sum to invest in property. Pension reforms On 6th April 2015, reforms came into effect which change the way people can access the money saved in their pensions. Before they had to buy an annuity, which gives the saver a defined sum per month to live off for the rest of their life. Now people who are 55 or over with a defined contribution pension can remove it...

  • By Simon Morris On Thursday, May 07 th, 2015 · no Comments · In , ,

    Jeffries has upgraded its prediction for the UK residential property market, suggesting that fears that its fortunes could suffer due to this month’s general election have been overplayed. Simon Morris has explained what this may mean for investors looking to enter UK residential property. Pre-election jitters The UK housing market has been hit with a case of pre-election jitters throughout the first four months of 2015. Polls have consistently shown that this is the most tightly fought...

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