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Will the Leeds Property Market Crash in 2021? (And the three reasons why it will not be the catastrophic scenario some are predicting)
The Leeds property market has resisted every Economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages etc, all of this has had no effect on Leeds homeowner’s enthusiasm or capability to want to move home over the last few months, yet will this all end in 2021 and the Leeds Property market crash? If you are a Leeds Homeowner or Leeds Buy-To-Let Landlord, read on!
Leeds Landlords and Second Homeowners Will Probably Save Money from the Proposed New Capital Gains Tax changes
Many Leeds Landlords have been alarmed at the prospect of Capital Gains Tax rising to as high as 45%, from its current maximum of 28%. In this article, I look at the proposed changes and show that for some – they could in fact save money. If you know a Leeds landlord – please show them this article
In this week’s article on the Leeds property market, I review what has happened to Leeds house prices and what is likely to happen in 2021. If you are a Leeds homeowner or landlord, you need to read this
As Leeds First-time Buyers are Being Locked Out of the Leeds Property Market – Rents Have Risen by 3.7%
With the banks reducing the number of low deposit mortgages since Covid-19 hit in the Spring, this has meant that the number of Leeds first-time buyers has been decreasing quickly, obligingly many of those would-be Leeds buyers wanting to make the first step onto the Leeds property ladder choose to stay in the Leeds rental sector. What does all this mean for those first-time buyers together with the impact on Leeds landlords and homeowners.
With the second lockdown starting on the 5thNovember 2020, does this mean Leeds landlords can wave goodbye to their Leeds buy-to-let investment and see it go up in smoke on the bonfire of buy-to-let dreams, like a Guy Fawkes puppet?
What will a no deal Brexit on the horizon, the end of the stamp duty holiday in March, mortgage payment holidays coming to an end, unemployment set to rise after furlough and ongoing on/off coronavirus restrictions do to the Leeds property market and the value of your Leeds home?
Leeds homebuyers and Leeds landlords purchasing residential property have saved £2,307,130 since the Chancellor reduced Stamp Duty on 8th July 2020, yet many more Leeds homebuyers could miss out.
Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk? In this article I discuss the implications of what that would mean both nationally and locally in Leeds.
This week's article on the Leeds property market considers the plight of Leeds' 2nd & 3rd time buyers. Post lockdown, the need for Leeds' families who want bigger homes has meant Leeds homebuyers now must pay considerably more to trade up to that larger home, yet they are also finding it tougher & slower to move up the Leeds property ladder. Anyone buying or selling a property in Leeds at the moment, should read this article to find out how they don’t lose out.
The Leeds property market is an enigma and chock-full of contradictions.