Latest news with #AneishaBeveridge
Yahoo
11-05-2025
- Business
- Yahoo
Buy-to-let hotspots revealed as investors ‘targeting Midlands and North'
Buy-to-let investors are increasingly targeting northern England and the Midlands as they look for higher-yielding homes with lower buying costs, according to a property firm. Nearly two-fifths (39%) of buy-to-lets purchased in Britain during the first four months of 2025 were in the North of England or the Midlands, Hamptons estimates, up from 24% in 2007 and 34% in 2022. Hamptons suggested that stamp duty costs and lower rental yields (the annual return made by a landlord on a property compared with the property price) have shifted landlords' attention away from southern England. The average investor buying in the Midlands and North of England paid £150,480 for a new buy-to-let this year, £141,760 less than a landlord who bought in the South of England for an average of £292,240, researchers said. Hamptons said buy-to-let hotspots seen over the past six months include Redcar and Cleveland, Darlington, Derby, Gateshead, Newcastle-upon-Tyne, Middlesbrough, County Durham, East Staffordshire, Epping Forest and Leeds. Nearly two-thirds (65%) of London-based investors making purchases this year are estimated to have bought a buy-to-let in Britain situated outside the capital, up from 24% in 2007. Aneisha Beveridge, head of research at Hamptons, said: 'Buy-to-let investment is gradually grinding to a halt in some markets where higher purchase and mortgage costs take their toll. 'However, while new landlord purchases remain well below long-term averages, some investors have been looking further afield for new opportunities. 'One of the main ways landlords are trying to mitigate against higher stamp duty and mortgage costs is by seeking better-yielding and cheaper properties, increasingly in northern England.' She added: 'This may also have a knock-on impact on rents if supply conditions in the South of England worsen, and where tenants' finances are already most stretched. 'However, investors will still find opportunities in the South of England, particularly if rents continue to rise and house prices pick up pace after nearly a decade of stronger capital growth further north. 'Lower interest rates will also help, not only by lowering mortgage costs, but by reducing rates available on savings accounts, which might make buy-to-let look more appealing.' The Hamptons lettings index uses data from the Connells Group and is based on 57,000-plus homes let each year.
The Independent
11-05-2025
- Business
- The Independent
Buy-to-let hotspots revealed as investors ‘targeting Midlands and North'
Buy-to-let investors are increasingly targeting northern England and the Midlands as they look for higher-yielding homes with lower buying costs, according to a property firm. Nearly two-fifths (39%) of buy-to-lets purchased in Britain during the first four months of 2025 were in the North of England or the Midlands, Hamptons estimates, up from 24% in 2007 and 34% in 2022. Hamptons suggested that stamp duty costs and lower rental yields (the annual return made by a landlord on a property compared with the property price) have shifted landlords' attention away from southern England. The average investor buying in the Midlands and North of England paid £150,480 for a new buy-to-let this year, £141,760 less than a landlord who bought in the South of England for an average of £292,240, researchers said. Hamptons said buy-to-let hotspots seen over the past six months include Redcar and Cleveland, Darlington, Derby, Gateshead, Newcastle-upon-Tyne, Middlesbrough, County Durham, East Staffordshire, Epping Forest and Leeds. Nearly two-thirds (65%) of London-based investors making purchases this year are estimated to have bought a buy-to-let in Britain situated outside the capital, up from 24% in 2007. Aneisha Beveridge, head of research at Hamptons, said: 'Buy-to-let investment is gradually grinding to a halt in some markets where higher purchase and mortgage costs take their toll. 'However, while new landlord purchases remain well below long-term averages, some investors have been looking further afield for new opportunities. ' One of the main ways landlords are trying to mitigate against higher stamp duty and mortgage costs is by seeking better-yielding and cheaper properties, increasingly in northern England.' She added: 'This may also have a knock-on impact on rents if supply conditions in the South of England worsen, and where tenants' finances are already most stretched. 'However, investors will still find opportunities in the South of England, particularly if rents continue to rise and house prices pick up pace after nearly a decade of stronger capital growth further north. 'Lower interest rates will also help, not only by lowering mortgage costs, but by reducing rates available on savings accounts, which might make buy-to-let look more appealing.' The Hamptons lettings index uses data from the Connells Group and is based on 57,000-plus homes let each year.
Yahoo
11-05-2025
- Business
- Yahoo
Buy-to-let hotspots revealed as investors ‘targeting Midlands and North'
Buy-to-let investors are increasingly targeting northern England and the Midlands as they look for higher-yielding homes with lower buying costs, according to a property firm. Nearly two-fifths (39%) of buy-to-lets purchased in Britain during the first four months of 2025 were in the North of England or the Midlands, Hamptons estimates, up from 24% in 2007 and 34% in 2022. Hamptons suggested that stamp duty costs and lower rental yields (the annual return made by a landlord on a property compared with the property price) have shifted landlords' attention away from southern England. The average investor buying in the Midlands and North of England paid £150,480 for a new buy-to-let this year, £141,760 less than a landlord who bought in the South of England for an average of £292,240, researchers said. Hamptons said buy-to-let hotspots seen over the past six months include Redcar and Cleveland, Darlington, Derby, Gateshead, Newcastle-upon-Tyne, Middlesbrough, County Durham, East Staffordshire, Epping Forest and Leeds. Nearly two-thirds (65%) of London-based investors making purchases this year are estimated to have bought a buy-to-let in Britain situated outside the capital, up from 24% in 2007. Aneisha Beveridge, head of research at Hamptons, said: 'Buy-to-let investment is gradually grinding to a halt in some markets where higher purchase and mortgage costs take their toll. 'However, while new landlord purchases remain well below long-term averages, some investors have been looking further afield for new opportunities. 'One of the main ways landlords are trying to mitigate against higher stamp duty and mortgage costs is by seeking better-yielding and cheaper properties, increasingly in northern England.' She added: 'This may also have a knock-on impact on rents if supply conditions in the South of England worsen, and where tenants' finances are already most stretched. 'However, investors will still find opportunities in the South of England, particularly if rents continue to rise and house prices pick up pace after nearly a decade of stronger capital growth further north. 'Lower interest rates will also help, not only by lowering mortgage costs, but by reducing rates available on savings accounts, which might make buy-to-let look more appealing.' The Hamptons lettings index uses data from the Connells Group and is based on 57,000-plus homes let each year. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Telegraph
12-04-2025
- Business
- Telegraph
The charts that prove Britain's house prices are already crashing
On the surface, house prices don't appear to have crashed. But look closer and you will see a serious slump. In recent years, there has been a significant real-terms fall in the value of millions of homes, caused by a stagnant property market in the face of high inflation. House prices grew just 1pc in the year to March, according to Rightmove. With a headline inflation rate of 3pc, this marks a notable decline in real house prices. 'We've essentially seen a house price crash without people realising, in real terms rather than nominal terms,' explains Aneisha Beveridge, of estate agent Hamptons. Real terms falls The property market has not recorded real price growth – when adjusted for inflation – since 2022, according to Nationwide's house price index and retail price index (RPI) inflation figures. It means that house prices in real terms have fallen about £49,000 between the first three months of 2022 and the last quarter of 2024, equal to a drop of 15.6pc. This was fuelled by a period of very high inflation, hitting a 41-year high of 11.1pc in October 2022. Real house prices peaked in 2007, climbing to £346,367 when adjusted for inflation, compared with £266,640 today. The decline in real terms prices means the market is favouring buyers. This has been exacerbated by a glut of supply – the number of available properties for sale recently reached a 10-year high, according to Rightmove, which it said was 'reducing sellers' pricing power'. As sellers lose both bargaining power and property value, buyers continue to seek price reductions. The Government's decision to lower stamp duty thresholds for first-time buyers and movers alike will do little to buoy a slide in real house prices. The average stamp duty bill in England will increase from £2,979 to £7,391 by 2029 – a 148pc rise – according to analysis by estate agent Hamptons. Finding themselves in a buyers' market, sellers are being forced to cut prices. Richard Donnell, of Zoopla, says: 'Homebuyers will expect to reflect this extra cost in their offers, typically looking to split the cost with the seller.' In 2022, just 24pc of property listings had at least one price reduction, according to analytics firm TwentyCi. This rose to 36pc in 2023, and by the end of 2024, 38pc of all completed listings had seen their price slashed. Robert Gardner, chief economist at Nationwide, says that despite inflation pushing down the real terms value of properties, it also affects the value of mortgages. 'The real burden of debt will have changed as well. [For those with mortgages], the money you're paying back is worth less than what you borrowed in real terms.' But many homeowners, for whom their home is their most valuable asset and a cornerstone of their retirement or future financial stability, face an uncomfortable truth: the value of their home may not be as high as they once believed. Revising house prices On top of this, overly generous house price indices may have fuelled unrealistic expectations. The Office for National Statistics (ONS) bases the previous 12 months of its index on estimates. It later publishes revisions to these, which for every month since 2020 have been lower than the initial estimates by up to 11.1 percentage points. In February's report, the ONS cut all of its previously reported house price data going back to January 1970 by 8pc compared to the previous month's report. The ONS has said it is adjusting its referencing period, but it has drawn criticism from baffled analysts. '[The idea of re-weighting the index] makes no sense given it's a uniform 8pc cut over 55 years. We're all confused by the ONS explanation... I've never seen 55 years' worth of data revised overnight like that,' says Mark Tabrett of data analytics firm Hoola. Previously, the Bank of England had criticised the ONS's jobs market data, and this month the Government announced it was conducting an investigation into the ONS's effectiveness.
Telegraph
07-04-2025
- Business
- Telegraph
High-tax Britain drives demand from overseas house buyers to record low
Britain's high taxes have driven interest from overseas house buyers to a record low, analysis suggests. The number of international investors fell to just 1pc in the three months to March amid Labour's non-dom crackdown and stamp duty shake-up, estate agency Hamptons said. In prime central London, the figure stood at less than 3pc, down from a peak of 7.9pc in 2009, with demand from Europeans and Hong Kong internationals falling the most. Aneisha Beveridge, of Hamptons, said: 'Political events worldwide continue to influence demand for UK property from international buyers. But more recently, it's tax changes that have stemmed the flow of overseas house hunters. 'Stamp duty increases, particularly for those purchasing second homes, combined with Brexit and amendments to the tax treatment of non-doms, have added to costs and reduced the lure of property in the UK.' Labour has moved to scrap the non-dom tax regime 'once and for all', by forcing wealthy individuals whose permanent residence is registered abroad to pay UK tax on their foreign assets. High net-worth individuals are shunning Britain and instead favouring the likes of Italy, where foreign buyers pay a flat tax rate of €200,000 (£166,000) a year regardless of how much they earn overseas. Labour's changes mean it isn't just high net-worth individuals who face higher costs. As of last week, buyers now pay 2pc in stamp duty on properties worth over £125,000, down from the previous threshold of £250,000. Despite dropping by 5pc in the past 16 years, Europeans made up 43pc of overseas applicants in the first quarter of 2025. Americans and Canadians comprised 16pc of international buyers, while the Middle East made up 14pc, with Oman being the country with the most interest in British property. The all-time high figure from the Middle East has almost doubled since the financial crash of 2008. In contrast, demand from Hong Kong internationals reversed. They were the most common international applicants in 2019 and 2020 but have only made 2pc of all overseas house hunters so far this year. Ms Beveridge said the case for purchasing a home, particularly in central London, has become 'increasingly tenuous' for some international buyers. 'For those immigrating for an undetermined period, the cost of buying property and the prospect of little or no capital growth, as seen over the last decade, have led many to opt for renting instead,' she said. Prices in central London have grown by just 3pc in the past 10 years, while the average UK property price has risen by around 20pc. While demand in London has waned, interest from overseas buyers in areas outside of the capital has grown. Hamptons data show that one in 10 applicants were looking to buy in the North in the first quarter of this year, up from 5pc a decade ago. Liverpool leads the way as the city draws the attention of international buyers, attracting 49pc of the northern interest.
