February | 2019 | Investors Forum YorkInvestors Forum York

18 February 2019

Tenants spend £1.9 billion less in rent than previous year despite rents rising

Tenants spend £1.9 billion less in rent than previous year, which is the first time this figure has fallen in more than 10 years Tenants in Great Britain paid £59.1 billion in rent in 2018, £1.9 billion less than in 2017 Over the last 10 years the total rent bill has grown by £29.9 billion in Great Britain despite the recent decline Nine out of 11 [...]

15 February 2019

Proposal To Develop Piccadilly Hotel and Apartments

PLANS for a 143-bedroom hotel and a six-storey apartment block on Piccadilly in York could get the green light at a meeting next week. Under the proposals, the Infinity Motorcycles shop and car park opposite Spark York would be demolished and a Hampton By Hilton hotel would be built. But some concerns have been raised about the impact the building [...]

8 February 2019

Landlords adapt investment strategies to confront new taxation laws and find higher yields

Landlord purchases fall by £5.2 billion in 3 years In adapting to a new tax environment – landlords are buying fewer properties and spending less too. The total value of homes bought by landlords has fallen considerably over the last few years. In H1 2018 landlords spent £12.1 billion purchasing rental properties, £5.2 billion – or 30% less [...]

5 February 2019

First Pictures of New St Johns Mews Development Released

AN IMAGE of a new apartment block in York has been released by developers. St John’s Mews is a block of 29 one, two and three bedroom studios and apartments to be built on the site of the former Grove House care home in York. The starting price for the apartments, from Caedmon Homes, Norstar Real Estate Group  is £160,000, with the first show [...]