The impact of the 2020 tax changes on the York property market

My last article, despite its title, went into some detail in the benefits of Holiday Lets over private rentals, one of which was the tax breaks available in regard to mortgage interest relief. This hasn’t been a tax change which has come about recently but rather had a staggered effect since April 2017 reducing by … More The impact of the 2020 tax changes on the York property market

Are Holiday Lets killing the York Rental Market?

It may come as no surprise that York is a fabulous place to live in with all its fantastic fundamentals, several shops, cafés and restaurants as well as its rich history and just all-round being a beautiful city.  This invariably makes York a great place to visit. I’ve made it quite clear in other articles … More Are Holiday Lets killing the York Rental Market?

Thousands of York rental homes to be rented out illegally from April 2021

I have seen over the last 10 years alone so many changes to legislation in the Private Rental Sector from deposit regulations, Energy Performance Certificate guidelines, Immigration Policy, Gas Safety Certification, Housing Health and Safety Rating Systems, changes to licencing. The latest announcement surrounds the electrical safety of private rental properties.  For some (not all) … More Thousands of York rental homes to be rented out illegally from April 2021

A Christmas Carol and the York Property Market.

One of my favourite Charles Dickens novels has to be A Christmas Carol, a reflection of one’s life, past, present and future.  Other than watching a Christmas Carol on the television, one other tradition I like to stick to is watching the Queen’s speech.  However, I’m not going to favour her announcement on the impending … More A Christmas Carol and the York Property Market.

What happened in the York Property Market in 2019?

It’s always around this time of the year as we start to wind down towards Christmas where I find myself reflecting on what’s happened over the last year, specifically, whether I’ve accomplished all or most of what I set out to achieve at the start of the year. I also like to see what’s happened … More What happened in the York Property Market in 2019?

What will the 2019 election mean for York Property prices?

With under a week to go before the 2019 election matters are certainly heating up.  Manifesto’s have been released, campaign boards are raised “Vote Labour”, “Vote Conservative”, “Vote Liberal Democrats” and I’m seeing across all social media channels, individuals are increasingly territorial over their chosen party.  With any election, creates a certain level of uncertainty … More What will the 2019 election mean for York Property prices?

What will your vote mean for the York Property Market?

Well I’ve said it before and I’ll say it again, Politics and property don’t mix.  Invariably however, any political event is bound to have some impact on confidence within the sector and with the recent release of all parties’ manifesto’s, I imagine we can expect some turbulent times ahead. Before I start, I will make … More What will your vote mean for the York Property Market?

What property types in York have seen the highest rent increases over the last year?

It certainly has been an interesting year in the Property Industry.  Looking back we’ve had the June 2019 Tenant Fees Bill, impending changes to Anti Money Laundering Procedure for Agents, the announcement of the ban of Section 21 notice, threats of Rent Caps and mandatory 3 year tenancies and forcing landlords to sell their properties … More What property types in York have seen the highest rent increases over the last year?

How Much Have Rents In York Increased Over The Last Twelve Months?

In previous articles I’ve mentioned how property is a fantastic asset class for various reasons but one being that it is more often, an inflation beating asset. For the avoidance of doubt, the term ‘inflation’ in Economics refers to a general rise in the price of goods and services over time.  Another way of looking … More How Much Have Rents In York Increased Over The Last Twelve Months?

3.89% of York Property falls below Minimum Energy Efficiency Standards

It may come as no surprise that we are becoming heavily more legislatively based as an industry.  There are in excess of 150 different pieces of legislation which private Landlords & Letting Agents now need to adhere to. I find myself asking quite frankly, what is the point?  I would imagine, this ever-increasing red tape … More 3.89% of York Property falls below Minimum Energy Efficiency Standards

Which streets in York have had the most ‘Let’ properties?

Some time ago I wrote a few articles surrounding property sale transactions on a hyper-local street level as well as turnover of properties exchanging hands per number of properties on street.  From a rental’s perspective, I was intrigued to find out which streets have had the highest number of properties rented in a given timeframe. … More Which streets in York have had the most ‘Let’ properties?

How many property sales are withdrawn from the market in York?

I heard a staggering piece of data the other day which was that 52% of properties that sell in the UK, do not sell with the original appointed agent. Ultimately, any property in any market will sell dependent on its price and you don’t need an Economics degree to understand that statement.  Something I have … More How many property sales are withdrawn from the market in York?

How many property transactions fall through per year in York?

Well it’s a common theme among journalists that bad news sells papers and whilst I generally commentate about how well the York property market is operating, it’s not all peaches and cream.  However, in any property market, there are going to be sales which invariably fall through (the bane of any seller and their appointed … More How many property transactions fall through per year in York?