April | 2018 | Investors Forum YorkInvestors Forum York

27 April 2018

Recent Report Estimates Average Person Needs 126% Pay Rise to Buy in York

Once, buying and owning a property was deemed the ‘holy grail’ of living. Today, though, it’s fair to say it has become a less popular option. With house prices soaring and many people stuck in negative equity, it’s no wonder a rising number of young professionals are choosing the flexibility that comes with renting a home. The reason for this [...]

23 April 2018

Tory MP calls for foreign firms to be banned from investing in UK property

Foreign firms should be banned from purchasing UK properties in a bid to cut the number of offices and dwellings left empty particularly in London, MPs have heard. Tory Huw Merriman called for the “radical step” as MPs debated new legislation which would give councils the power to double council tax on homes empty for two years or more – up from a [...]

18 April 2018

Plans for £30 million city centre development in York unveiled – ‘Castle Gateway Project’

WORK could start on a £30 million council-led redevelopment of an “awkward and under-used” part of York city centre as early as next year, it has been revealed. A masterplan has been unveiled for the Castle Gateway project. It shows the existing Castle car park being replaced with a public square surrounding Clifford’s Tower, and alternative [...]

16 April 2018

Landlords are investing in their existing properties to maximise gains – Lettings Index March 2018

Numbers have tripled since 2016 In the last 12 months 9,523 landlords who re-mortgaged their buy-to-let withdrew money for home improvements – over three times more than in 2016 (2,967) 5.6% of landlords who re-mortgaged in the last 12 months released cash to spend on their property, up from 1.9% in 2016 The average cost of a new let reached £951 pcm [...]

11 April 2018

Investor buys recently developed Groves Chapel in York

A BOUTIQUE investment firm has acquired a newly opened York convenience store developed within a former chapel. The redevelopment of the former Groves Chapel, in Clarence Street, was completed by York firm S Harrison, with construction work was carried out by Broadley. S Harrison this week announced it has now sold the freehold of the building to [...]