Predictions for the UK property market in 2022
Nothing is predictable in the current climate, it seems, but there are definitely some forecasts for the UK property sector that seem a safe bet for the year ahead. Over the past 12 months, despite many gloomy outlooks at the start of the year, the country’s housing market has remained remarkably resilient. While UK property […]
UK property will continue to climb
The group believes house prices across the UK will continue to grow in 2022, with around a 3% rise over the year. This will be matched, they say, by rental growth that should also hit 3% on average. However, in some of the top performing areas, rental growth could even reach as high as 5-10%. […]
Top locations for housing sector growth
According to Kevin Shaw and Michael Cook, the northwest, East Anglia and Essex could be the ones to watch next year. These locations all offer “more bang for your buck”, meaning they will respond well in a climate where people are looking for more space post-lockdown. They add: “Likewise, investors purchasing in the Midlands and […]
Build-to-rent boom will continue
The country’s rental market remains a vital part of the UK property sector. More than ever, though, people are looking at renting as a long-term option, and are seeking places that offer a bit more than a standard buy-to-let. The pair from LRG think the build-to-rent boom will diversify in 2022 to encompass single-family or […]
Renters’ Reform Bill could come in
The Renters’ Reform Bill, which was first put forward in 2019 and includes proposals to ban ‘no fault’ Section 21 evictions, could come into effect in the near future. The white paper is currently scheduled for publication in 2022. The Bill could also see the introduction of lifetime deposits for tenants. It is advisable that […]
Rental properties at ‘highest level ever’
Landlords say demand for rental properties is at a historical all-time high, a poll by the NRLA has discovered. The survey of private landlords across England and Wales, conducted in partnership with the research consultancy BVA/BDRC, found that 57 percent confirmed that demand for homes to rent had increased in the third quarter of 2021 […]
Workers’ return drives demand
68 percent of landlords operating in outer London reported demand has increased, up from 25 percent in the third quarter of 2020. In central London, 54 percent reported increased demand, up from 16 percent at the same time last year. Elsewhere, landlords operating in the South West reported the strongest demand with 79 percent saying […]
Property hotspots for 2022
The number one buy-to-let (BTL) hotspot next year will be the North West, according to new findings fromSevenCapital and Zoopla. The region offers the UK’s best yields, closely followed by Yorkshire and the Humber and, in third place, Scotland.
Why the North?
The research revealed the top yields expected for 2022 across the UK, with the North West providing the best rental yield at an average of 4.41% across the UK. This is being driven by ‘exceptional regeneration projects in the Northern Powerhouse towns and cities. What was once the UK’s industrial and mining powerhouses these population […]
Opinions
Property consultancy Savills believes that while transactions and price growth will continue in 2022, it will be tempered by the exceptional growth we’ve seen this year, even more so if interest rates start to rise sooner than expected. Toks Adebiyi, founder and chief executive of property management company Clooper, said: “Rental yields can change from […]