Why Manchester is competing with London when it comes to buy-to-let investment

  Overseas buyers, as well as domestic buyers, are showing an interest in the property market in Manchester, and that is putting it on a level that is rivalling London. Currently, Manchester has the best performing property market beyond London, with rental yields reaching a high 6.02%. As a result of this, Chinese buyers are showing a real interest in the Manchester property market as opposed to the London market. The economy in Manchester has improved at an incredible rate since the IRA blast in 1996, which tore the city apart. The economy has doubled, the population has grown and employment is on the rise; and this will all be reflected in the residential market as demand will continue to be higher than supply. Manchester is also attracting a lot of visitors from the middle East, with visitor numbers increasing by 33% between 2011 and 2015. Visitors from the Middle...
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Autumn Statement Changes to the UK Property Market

  Chancellor Philip Hammond certainly didn’t miss and hit the wall when it came to shaking up the UK property market in his Autumn Statement yesterday. But whether his proposals have gone far enough remains to be seen – certainly in terms of creating affordable opportunities for those illusive first-time buyers As hinted at, tenants have been given their ‘boost’ in terms of a ban in letting agency fees but Hammond - like his predecessor George Osborne - seems keen to continue to deter buy to let landlords by refusing that longed-for U-turn on Stamp Duty for second homes. Here are the main parts we gleaned on what the Autumn Statement means for the property market in the UK: A ban on letting fees There were a number of changes announced but possibly the biggest to directly hit pockets was the ban on high street letting agent fees in England...
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