We are seven weeks into 2017 and the figures have now been collated to gain a fair review of the property market in 2016.
The average house price in the UK increased by 7.2% in 2016 taking the average property value in the country to £219,544, information released today shows. England had the largest increase at 7.7% with Wales (4.7%), Northern Ireland (5.7%) and Scotland (3.5%) showing modest growth.
Anyone seriously interested in property investment needs to be aware of some obvious, yet often overlooked, guiding principles in order to give themselves the best chance of succeeding with any property purchase.
Choices Investments have secured some truly remarkable property opportunities in the famous “Golden Postcodes” of London. Known around the world as the home of some of the capital’s finest properties, the areas of Knightsbridge, Kensington, Mayfair and Chelsea have seen remarkable capital growth in recent years.
- Up to a £53,000 discount
- Crossrail hotspot – 8 minutes to Canary Wharf
- Apartments from £342,000
- Up to 4.7% Rental Yield
- 0.2 miles from Woolwich Dockyard Station
The government has today announced a £3billion housebuilders fund to support developers, SMEs and custom builders. Sajid Javid, the communities secretary, has set target of building one million new homes by the year 2020.
Changes to the tax system for Buy to Let property has left a rather sour taste in a lot of investors mouths, this is because when the tax changes come into full force they could see their profits from rent drop by half.
2nd September 2016
Choices Investments are happy to announce that we are attending the Property Investor and Homebuyer Show at London Excel on the 7th and 8th October 2016. Following the last event in April and meeting so many new people, both professionals and members of the public, it was a no brainer for us to attend this event also.