Properties – Page 8 – Strategy and Management Consultants

£37.7 million postcode property price gap

When it comes to the most and the least expensive properties there is millions of pounds difference at stake. This was calculated through data of sale prices of property across England and Wales. This is because the property estimated value is calculated as an average for the postcode but does not take into account the individual unique features. The issue with this is that properties with extremely high prices stagnate on the market for ages on end. ______________ Which postcode do you think is the most expensive, and the least?

by Think Tank February 22, 2022February 22, 2022 Leave a Comment

Property Consulting

Scared of buying properties? Few tips to help you!

According to a recent study, there has not been a drop in the number of Britons buying properties abroad post- Brexit. However, there are a few things expats should look out for. One should focus on identifying the location that will suit you the best (considering all factors) and what kind of property you would want as due to the pandemic Britons are prioritising houses with outdoor space. Setting a realistic budget as other factors will impact the overall cost. Keeping in mind currency conversion is a must! For reference, Spain is considered to be one of the most popular

by Think Tank February 21, 2022February 21, 2022 Leave a Comment

Property Consulting

India: Demand to restart 40% discount on property tax for self occupied homes

All political parties have all around voted for a reintroduction for the 40% discount in self occupied homes which was stopped in 2019. It was discontinued to recover this discounted amount owed previously. However, it has been discovered that there is due to be no shift in property tax in the financial year of 2022 to 2023. Therefore the leader of house in PMC said that all parties have supported the reintroduction of this scheme. __________ Do you believe this is fair on investors or tenants ?

by Think Tank February 18, 2022February 18, 2022 Leave a Comment

Property Consulting

Trickle down economics disproven? Rise in property millionaires are the evidence.

Currently wages are not rising at the same rate as inflation, with extortionate energy bills and increasing in grocery shop prices - the youth are struggling. However, companies are predicting this could lead to a more than 2.7 per cent pay fall, greater than that of 1991. One in Forty-Two homes are worth £1 million in the U.K. There is great controversy over the idea that a free market with little to no regulation will allow wealth to trickle down to everyone in the economy. The number of people renting will exponentially increase as it did 30 years ago, as for many homes

by Think Tank February 16, 2022February 16, 2022 Leave a Comment

Property Consulting

Michael Gove proposals: Leaseholders will be paying for property fixes!

The new policy introduced by Michael Gove could result in leaseholders being liable to pay upto £15,000, if the building owners cannot afford to pay. This is following the cladding crisis and it suggests that if property developers and manufacturers do not repair this cladding safety issue they could be removed from the housing market. It is a big push from Gove to ensure that those found guilty of misconduct, in terms of property regulations, would also have to contribute financially to the problems they have caused. _____________ Do you believe this Bill will be a succ

by Think Tank February 15, 2022February 15, 2022 Leave a Comment

Property Consulting

Decline in Developer’s Bond indicates Risk in Chinese Property:

The Zehnro Properties Group Ltd. has displayed a downward spiral in their bond prices which demonstrates how risky it is to invest in Chinese developer bonds even when repayment is almost definite. The firm's bond prices have fallen by half, from 93 cents on the USD to 59.3 cents. This followed a disclosure that the company may not proceed with planned redemption and transparency concerns are increasing in the real estate sector in China. Bloomberg have suggested if you are a bondholder investing in low risk bonds then this sector is one to exit due to the extreme price vo

by Think Tank February 14, 2022February 14, 2022 Leave a Comment

Property Consulting

Property Prices in the U.K. are nine times that of earnings:

Kirstie Allsopp was held under great criticism for suggesting modern lifestyle choices, for example subscriptions for streaming application and exercise institutes, - should be stopped and or altered. This is in order to afford housing and allowing, oneself to get onto the property ladder. The difficulties with getting on the housing ladder is the multiplex of costs involved are immense ; one has to pay a deposit, there are restrictions on how much money can be borrowed. In the late 20th Century the house prices were approximately only 4 to 5 times earnings which we can no

by Think Tank February 9, 2022February 9, 2022 Leave a Comment

Property Consulting, Uncategorized

Tax corner: Considering the value of corporate-owned residential property

Annual Tax on Developed Dwellings (ATED) returns for properties - matching the criteria, owned between the April 1 2022 to March 31 2023 period is required to be filed by April 30 2022. It applies to properties whereby it is valued in excess of £500,000, that are owned by a company or within a corporate wrapper, furthermore if the value of the dwelling has increased in recent years and its market value is more than £500,000 by the end of March 2022. There are various reliefs from these returns: Let to a third party on a commercial basis and isn’t, at any time, occupied

by Think Tank February 7, 2022February 7, 2022 Leave a Comment

Investment

Is the property industry ESG ready?

Environmental, Social and Governance (ESG) criteria are a set of standards for a company's operations, day to day, that socially aware investors use to check for potential investments. Investment is on the incline in the office sector but will the property industry be prepared to be compliant with the ESG criteria. However, the criteria is not standardised and may delay the current progress the industry needs post COVID. The industry needs to ensure that the information on and benefits of ESG are collected and disseminated by building owners and tenants. ______ Do you be

by Think Tank February 3, 2022February 3, 2022 Leave a Comment

Property Consulting

Nearly 50,000 Buy-to-Let companies set up in 2021:

Last year, a record high of 47, 700 companies were set up across the UK according to Companies House data. This number is double that of 2017 when the news investors with properties under their personal could no longer claim interest. However, the rate growth between prior years had fallen, with their being a 14% increase from 2020-2021 whereas there was a 30% increase between 2019-2020. Buy-to-let companies currently hold a total of 583,000 mortgaged properties which accounts for approximately 30 percent of all buy-to-let mortgages across the UK. ____ What is the future

by Think Tank February 2, 2022February 2, 2022 Leave a Comment