New 99% mortgage launched, UK housing offers “worst value for money” of any advanced economy, Bank of England commercial property “concerns”
BloomSmith VAT Funding
100% of the VAT on commercial property purchases in 48 hours.
Don't miss the biggest property stories from the past week.
UK house prices offer worst value for money of any advanced economy
British house-buyers face some of the highest expenses for the poorest value in housing among leading economies, surpassed only by the United States, Germany, and France.
Among the 38 OECD nations, UK residents incur the greatest housing costs, second only to Finland, yet fail to receive equivalent value for their expenditure.
?
England’s housing has become more affordable, new data shows
Housing in England has become more affordable since the price surge during the COVID-19 pandemic, although specialists caution that owning a home will continue to be unattainable for many.
In 2023, the Office for National Statistics reported that the housing affordability ratio in England, which compares median house prices to median salaries, dropped to 8.26 from 8.47 in 2022, significantly lower than the peak of 9.06 seen in 2021.
?
Investec targets UK property market with ￡250m
Investec, a wealth management firm, has unveiled a new investment strategy focused on UK real estate equity, aiming to gather ￡250 million over the forthcoming two years.
领英推荐
The decision is in response to swift adjustment in prices in specific segments of the real estate market, alongside growing distress in particular sectors, presenting a compelling opportunity for investors free from pre-existing complications.
?
Bank of England adds to concerns regarding commercial real estate risk
The Bank of England has cautioned that declining property values worldwide might result in losses for creditors, a concern that is shared with the European Central Bank.
New 99% mortgage could get first-time buyers on the ladder with just ￡5,000
Yorkshire Building Society has introduced a new mortgage product designed to assist first-time buyers in purchasing a home with a minimum deposit of ￡5,000.
This offering allows them to buy properties worth up to ￡500,000, effectively reducing the initial deposit requirement to as low as 1%.
Curated by BloomSmith
Affiliate Marketing Expert| Affiliate Marketing Manager| Digital Marketing| Open To New Connections
10 个月Love this