The UK rental market has been seeing a period of sustained growth unrivaled since 2008. Rents are rising by up to 6% annually. The average property outside of London is now commanding a rental income of £809 per month. In Q3 of 2021 alone, UK rents rose by 3%, and...
Piccadilly East is fast becoming a distinct neighborhood that has seen several projects accompanied by the creation of new public parks and green spaces as part of its regeneration scheme - a programme capable of impacting the city's growth and the UK economy....
As one of the top 5 European cities for business and investment, Manchester is an enviable economic hub. It is UK's Most Liveable City, says The Economist's Global Livability Index. Also, it ranks as the 3rd Best City in the World in Times Out publications. There's...
All successful buy-to-let investors know how to calculate rental yield. It, thus, makes sense for investors to anticipate the cost and predict the returns while considering an opportunity. Knowing how yield is calculated on rental property enables prospective...
The global economy is dwindling amid hyperinflation, courtesy of the Russian invasion of Ukraine. Everyone's focus was on a quick and robust recovery from COVID-19 before the present catastrophe. At that time, inflation was around 5% in the UK, but it rose to 10.1%...
Introduction The UK Property market has been booming, with Manchester house price growth rate breaking record levels. This isn't just our words; the stats proves it. And of course, the figures don't lie. The current average house price in Manchester is wowing...
If you are a footballing fan like me, then you have seen Liverpool really packing the punches this season, just ask Barcelona! Liverpool has always had a huge international presence with its two football teams, Everton and Liverpool, slugging it out in the premiership or European competitions. What I have noticed is that they thrive on being the underdogs or, in Liverpool's case, being 3 nil down like Istanbul in 2005.
It goes without saying that Brexit has caused a large amount of concern for many of our investors. Rothmore Property have the statistics of supply and demand, so if we take a step back and look at the past 3 years, when the nation voted to leave, we concur that house prices in the north of England have gone from strength to strength. The investors who purchased in the North of England, during this uncertainty, would by now have reaped the rewards.
Its no secret that the the British Pound has had a turbulent past few years, after the EU referendum back in the summer of 2016 the Pound has fallen as much as 25% against a basket of other major currencies.
What does this mean for international buyers?
Well the short answer is simple, if you purchased a UK property in June of this year, you would have payed a staggering 20% less than you would have done before the referendum.
