News | Investors Forum YorkInvestors Forum York

29 April 2019

RENTAL INDEX: As Stamp Duty Costs Rise – Investors Head Northwards

As the average stamp duty bill for an investor buying in London is now £11,760 more compared to pre-stamp duty changes (Q1 2016), it is only £3,910 higher for an investor purchasing outside London. So how much has this new taxation law driven the changes we’re seeing in London-based landlords investing in properties outside the capital? LATEST [...]

20 April 2019

Research: Affordability To Buy Improves Across Some Regions

As first time buyers are eager to get on the housing market yet are finding it more and more difficult to do so, our latest research reveals that affordability is improving in eight out of 10 regions within the UK. Single first-time buyer The average time it takes for a single first-time buyer to save for a 15% deposit in England and Wales fell to 10 [...]

13 April 2019

Exciting prospects announced for hotel or apartments on York’s Coney Street

A well overdue scheme for a regenerating buildings in Coney Street, one of York’s major retail streets is now in the pipeline, thanks to developers, Helmsley Group. Together with a consortium of its investors, Helmsley Group has paid an ‘undisclosed sum’ for Boots’ flagship York store – a 40,000 square foot building which [...]

5 April 2019

Plans Submitted To Upgrade York Railway Station To Meet Rise in Visitors to City

In response to the expected three-fold increase in passenger numbers to York Railway station between now and 2050, plans have been submitted to make major changes to the front of York Railway Station, which will include the traffic layout, anti-terror measures and accessibility. Following public consultation last summer, designers have submitted plans [...]

28 March 2019

Outline Plans Approved for 2500 Homes in York Central Development Scheme

The latest update on the York Central development project is that it is now ‘one step closer’ to becoming a reality, after planning bosses at City of York Council approved the scheme. With work scheduled to possibly start later in 2019, the development will cost £650 milion and councillors voted by a majority to grant outline planning [...]

12 March 2019

Ryedale House development shows the superb views to be expected from its apartments

The development of Ryedale house, a former office block, is underway to create 77 luxury apartments in Picadilly located in York’s historic city centre. The latest computer generated image has been created which shows a top floor kitchen overlooking the River Foss and the historic Clifford’s Tower beyond. Other apartments will have views [...]

5 March 2019

City of York Council sells 26 public spaces and buildings raising over £11million

SELLING public spaces made City of York Council more than £11 million in the last four years, it has emerged. In this article Cllr Ian Gillies, York council leader, and York Central MP Rachael Maskell offer contrasting opinions on the benefits this strategy offers York and its future generations. Meanwhile, we can see that research by The Bureau Of [...]

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 [...]