July | 2018 | Investors Forum YorkInvestors Forum York

30 July 2018

INVESTOR FOCUS: Why recent policy changes won’t stop the growth of renting

Landlords are buying fewer homes. Since the introduction of the 3% Stamp Duty Land Tax (SDLT) surcharge in April 2016, landlords have sold 50,000 more homes than they bought. And now, they make up a smaller part of the market. Investors bought 12.3% of homes in 2017, down from 16.4% in 2015. Despite landlords selling more homes than they bought, the [...]

22 July 2018

Residential development in Fulford is underway

WORK has started on a new 14-home luxury residential development in Fulford, York. York based The Helmsley Group is behind the four, five and six-bedroom houses at Connaught Court off St Oswalds Road, which have some ‘stunning aspects’ over the Ings and the River Ouse. The first three properties are expected to be completed by early 2019. [...]

17 July 2018

Number of homes let by company landlords doubles following new tax relief laws

18% of properties let in H1 2018 were owned by a company rather than an individual. This is up 4% compared to H1 2017 and 8% higher than in H1 2016 One in four (25%) of homes let in Yorkshire and the Humber in H1 2018 were owned by a company landlord, followed by the North West (20%) and London (19%) London had the highest proportion of company owned [...]

14 July 2018

Plans for 550 new homes to be built, including affordable housing, in York

Dan Taylor addressed a City of York Council executive meeting before members agreed to 550 homes being built over the next five years, with the authority’s own housing department running the project instead of a specific housing development company. He said: “The cries for more affordable housing in York are loud and numerous. “We have seen [...]