Category: UK Property

Budget 2020 & UK Property: Stamp Duty & Interest Rates

After the UK Chancellor delivered his speech about his spending plans for the UK economy, we analyse the key things UK property investors need to know. The UK Treasury has just updated Parliament on the state of the UK’s economy and government spending plans for the next 12 months. But what do UK property investors need to know? You can read the Budget statement in full here. Below Select Property Group has highlighted the key announcements relating to stamp duty for non-resident buyers, in addition to details about the Bank...

New Property Report Hails Manchester’s “Strength & Resilience”

Deloitte's 2020 Crane Survey praises the performance of Manchester's property market against a backdrop of wider geo-political factors - and there's also even more promising news for prospective investors... Summary: Manchester has been recognised for its strength as an investment location, with booming construction activity underlining sustained commercial growth in the city However, Deloitte has found that new construction starts have begun to level off But, with current new supply unable to sustain population growth beyond 2021, the city remains vastly undersupplied of residential property – meaning the Manchester market...

UK Property Prices Surge at Fastest Rate for 2 Years

Following the UK general election and Brexit deadline, increased activity in the market is signalling strong investor confidence at the start of 2020. Summary: Annual property price growth in the UK rose to 4.1% in January 2020, the highest rate of growth recorded since February 2018 Prices in January increased by 0.4% month-on-month, with market commentators attributing the growth to a ‘Boris bounce’ following the UK’s general election and EU withdrawal Increased activity in the market underlines the rising level of confidence amongst buyers and investors   It’s been a...

UK Property & Brexit: What Happens After 31st January 2020?

With the UK no longer a member of the European Union, here's an overview of what happens next - and what UK property investors need to know. It’s official – the UK will no longer be a member of the European Union (EU) after today. Three-and-half-years after the 2016 referendum, in which a majority of the British electorate voted to leave the EU, the UK’s membership of the now 27-member state union will cease at 11pm GMT on Friday 31st January 2020. So, what happens next? And what does Brexit...

Manchester & North Set for Boost in Government Investment?

Following the general election result, the Treasury is proposing to reform rules dictating which cities and regions receive government investment. Summary: Manchester and the north of England could become the focus of new government investment and spending targets The UK Treasury is looking to redefine the rules which outline how, and where, the government makes significant economic investment In December 2019’s general election, Boris Johnson’s Conservative won a majority, thanks in part to historic victories in constituencies across the north of England   Could the result of the 2019 general...

Property Investment & UK General Election 2019 – Reaction

The Conservatives have won a large majority at the UK general election. With Boris Johnson elected prime minister, here’s what property investors need to know. What’s happened? The UK general election, held on Thursday 12th December 2019, has resulted in a majority victory for the Conservative party. Boris Johnson has been elected as prime minister. With 365 Conservative MPs elected, Mr Johnson now has a majority in the House of Commons of 80. He hopes this will help him to pass more of his party’s pledges through Parliament. Following the result, the...

Affinity Living Embankment West Wins Big at National Property Awards

Select Property Group’s project in Manchester city centre scooped the Residential High-rise Development UK prize at the 2019/20 UK Property Awards at a prestigious ceremony in central London. The project forms part of a wider neighbourhood of regeneration located on the former site of Manchester Exchange station. The Embankment neighbourhood will become the gateway to this newly developed district – with Affinity Living Embankment West as the highly desirable residential development at the very heart of it. At a cost of £10 million, this is undoubtedly one of the most...

Property Investors in UK Make Their Move as Pound Falls Sharply

UK property investment just got even more affordable for overseas investors, as the pound dropped to a 28-month low against the dollar following the renewed possibility of a no-deal Brexit. Find out what this means for you – and why now is a good time to invest. Summary: Sterling dropped to a 28-month low against the dollar on Monday (29th July 2019), with experts stating more falls could be on their way It came as the new UK government, led by Boris Johnson, made it clear that they are actively preparing...

Young Tenants Driving Demand for Build-to-Rent UK Property

Millennials that don’t want to own their own home, or those that cannot enter the ownership sector, are primed for a new rental alternative, at a time when mortgage redemption rates in the traditional buy-to-let sector surge. Summary: Millennials are ready for a new solution in rental accommodation and are helping to drive the growth of the UK’s build-to-rent residential property market It comes as new figures suggest that the number of private landlords leaving the UK’s traditional buy-to-let property sector is rising Over the next decade, the number of...

Key UK Property Investment Sectors to Quadruple in Value

A new report estimates the purpose-built student accommodation, build-to-rent residential and retirement sectors will eventually reach a combined value of £880 billion, as private and institutional investors from around identify the huge opportunity in these assets. Summary: Three of the UK’s biggest purpose-built property sectors are forecast to rise in value by four times their current combined amount Purpose-built student accommodation, build-to-rent residential and retirement property sectors are receiving increasing levels of global investment, particularly from institutional buyers “The fundamental demographic and economic changes supporting these sectors are difficult for...
Current Investment Opportunities

Victoria Residence at Crown Street Manchester

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Elizabeth Tower at Crown Street Manchester

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Affinity Living Embankment West Manchester

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