Welcome to our weekly update giving you the key stories, breaking news and topical analysis from the past week up to today, 6 April 2018.
This week we saw how some millennials are looking into buying with friends as well as crowdfunding to get a foot on the property ladder, while many others are opting to rent for longer instead. We also looked at how areas such as Birmingham and Leeds are racing ahead as property investment hotspots.
1. Millennials joining forces to make mortgage investments
With the average age of first-time buyers continuing to rise, the majority of youngsters find saving for a hefty deposit the biggest barrier to homeownership, with many opting to pool their resources with friends and family to help them onto the ladder. To read the full story, click here.
2. Why property crowdfunding is now a popular choice for millennials
Investing in buy-to-let property is still a top investment choice for thousands across the UK – but more millennials are now discovering the benefits of property crowdfunding as an alternative way of entering the real estate sector. To read the full story, click here.
3. Gap in supply of rental properties could be bridged by investors
The number of privately rented properties registered at letting agents decreased again in February by a further 5% compared to January, but as Generation Rent continues to rise, the void means the market is open for new investment. To read the full story, click here.
4. Further signs of Leeds building boom as entrepreneurs eye up city
Leeds is seeing a revival in its property and development industry at the moment as it becomes a major player in the Northern Powerhouse, while an international group that enables networking among the sector’s young entrepreneurs has decided to launch in the city. To read the full story, click here.
5. Buy-to-let landlords showing resilience in the face of tax relief cuts
As the deadline for Section 24 tax relief changes is now upon landlords, many have predicted a gloomy future for the buy-to-let market, but it seems the sector is adapting well to the changes. To read the full story, click here.
6. Why Birmingham is a top property investment hotspot right now
The population of Birmingham is expected to grow by around 13.7%, or 150,000 people, by 2031, bringing with it increased demand for new homes – something that developers, investors and landlords are beginning to recognise and take advantage of now. To read the full story, click here.
7. Young professionals ducking homeownership as over-50s dominate market
The latest data from Savills looking at UK homeownership has revealed that the amount of the nation’s property wealth held by the older generation is on the rise, while youngsters are increasingly less likely to own a home. To read the full story, click here.
