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Attention Landlords

House prices across the UK hit a record high in May. Rightmove reports asking prices rose 0.8% in May to £308,075, compared to a month earlier. Seven out of Britain’s 11 regions recorded their highest ever asking price with the Midlands proving the strongest market, clocking up average growth of 4.5%. Meanwhile London remains a weak spot, logging a 0.2% fall, with that softness spreading into the south-east commuter belt which fell 0.1%.

Very useful tips from Progressive Property’s Rob Moore

Interesting opportunity

Lending to first-time buyers is the only area of the mortgage market that is thriving.
A total of £5.1bn was advanced to people purchasing their first property in March - that's 2% more than in the same month last year, according to UK Finance.
But lending to other sectors of the market has fallen, with loans to buy-to-let landlords buying property diving by 20% year-on-year.
... There was also:
9.7% drop in the value of loans for people remortgaging 4.7% slide in money lent to homemovers Mike Scott, chief property analyst at Yopa, said: “First-time buyers are keeping the housing market going. First-time buyers have doubtless been helped by a very sharp fall in the number of buy-to-let mortgages.”
Read more at https://www.zoopla.co.uk/…/first-time-b uyers-benefit-from…/…
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There are still lots of investment properties out there, do you know where to look? Like my page and I will share the tricks of the trade with you.

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Looking for your next project? we have a number of opportunities contact me for details. 07919383116
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We offer a bespoke property search service. Let us know what you are looking for and we will find it.
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For all your property search requirments Contact Jason on 07919383116
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**Coming Soon 4 sites with Planning**
The first will be a site in Berkshire for 3 large luxury houses, 1 detached and 2 semi detached. A really nice site in a very affluent area.
Message me for details.

https://jasonindranie.com/…/will-house- prices-grind-to-a-h…/