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Read from the resource you can trust! Get updated with legislations, property news, standards and trends of the UK property industry.

Staying home has inspired homeowners to improve their homes

by Bobby Grewal
July, 20

Since homeowners are having to spend more time at home and restricting their leisure and travel there have seen a rise of 65% of homeowners inspired in home renovations with the top project being garden upgrades (34%) and closely followed by the living room (23%), bedroom (22%) and kitchen (22%).

Since people have become even more aware of their environment (flaws and all) there has been an increase in the demand for garden supplies, tools and hardware supplies. During these uncertain times, people who are looking into renovating now understand that things are harder now and take longer as the effect of the pandemic in commercial transactions continue plus contractors have been just recently able to provide their services again, with that a lot people having to be forced to do it themselves and it seems they are actually enjoying it.

So what does this suggest for people investing in property? It is said that it is a prime time for property investors to look at home improvements during these uncertain times to maintain being productive. Also, it's a great tip to check your latest amenity standards for new amendments.

Property Investing in the UK

by Bobby Grewal
August, 20

Real estate is a major part of the UK economy. The UK is the biggest commercial real estate market in Europe, followed by Germany and France. The real estate industry includes buying and selling real estate, renting and operating own or leased real estate, as well as performing real estate activities on a fee or contract basis. The market value of UK real estate is £1.6 trillion, representing 21% of the UK's total net wealth. Real estate contributes £94 billion annually to the UK economy – 5.4% of GDP. The UK real estate industry directly employs 2.1 million people, which is 6.8% of the labour force.

There is strong proof that property investing is a profitable industry to be in. The most popular strategies being fix-and-flip, buy and hold rentals, buy-to-let, and the house of multiple occupations(HMO). Those who are looking to invest but don't have the time and commitment can also look at REIT or real estate investment trust.

The huge benefit of looking into investing in properties is that it has multiple benefits namely as the owner of a property, you stand to benefit from any rise in its value when it comes to selling, from the income it can generate if you rent to tenants – and, of course, from the utility, you get from living in or using it yourself.

UK Property Market / Recession - What it could it all mean?

by Bobby Grewal
September, 20

The year 2020 seems like an unending feed of bad news. In August 2020, the UK announced that the economy is in recession after 2009. But what could this recession mean for the real estate industry? Let us find out!

What happened before!

The 2009 recession brought plenty of hardships with itself. The recession brought the housing market to its knees. Due to the layoffs, pay cuts, and rise in unemployment, people were not keen on investing in such a fragile market.

What happens now!

Whether the history repeats itself or not, that is yet to be seen. But there is no other way of saying it that hard times are nigh! The COVID induced recession has caused an almost 20 percent decline in the GDP in the 2nd quarter of the fiscal year.

What will happen to the housing market?

Based on previous and current data, we can paint an image of the effects of the recession on the real estate market. According to the Nationwide report, the housing prices might decrease by 1.7 percent. The comparative lower impact on the housing market is due to the government’s initiative of closing down large sectors of the economy. This initiative acted as a cushion to a free-falling economy.

This scenario is still pretty assumptive, if the unemployment continues to grow the real estate business is likely to take a harder hit. As people will not be able to buy the property.

How is this recession different?

This recession is different from the previous one as this is caused by a public health crisis and not a financial one. Due to the difference, the rates are not as much affected as a normal recession. Moreover, the government has offered to scrap stamping duty for 6 months.

This initiative is aimed to boost house prices. The Halifax price index also showed a spike in property rates after 4 months of stagnation. But, some researchers suggest that this spike is to be followed by a drastic drop. As the job losses continue to increase, the property market could take a severe hit.

2021 UK Housing Price Outlook

by Bobby Grewal
March, 21

A common question during this uncertain time is “What’s the outlook for the UK house prices?”. How will the pandemic and stamp duty exemption brought by it affect the UK house prices?

It is unexpected that even at time of recession there has been a rise in house prices, as people’s desire to move home outweighed the certainty surrounding jobs and finances. In addition, the Government’s stamp duty holiday resulting from the pandemic had prompted many to move to take advantage of this opportunity.

According to the Land Registry which shows the prices for houses sold says the price of a property in the UK increased by 1.2% month-on-month and 8.5% year-on-year in December, to reach £251,500 and is predicted to continuously increase.

While London has seen a plummet in houses prices due to wealthy homeowners looking to escape city centres in favour of country piles.The region which we see the highest potential for increase to house prices is set to be Yorkshire and the Humber, where house prices could rise 28.2 per cent and reach £220,921. Across the UK as a whole, Savills has predicted that the average house price will increase by 21.1 per cent to £279,644 by the end of 2025.

UK House Prices Grew by 8%

by Bobby Grewal
JULY, 21

UK house prices gained their strongest monthly rise in almost 15 years in September as the government’s stamp duty holiday came to an end increasing the average house prices to it’s record high.

UK average house prices increased by 8.0% over the year to July 2021 The latest house price data published on GOV.UK by HM Land Registry for July 2021 show that average house prices in the UK increased by 8.0% in the year to July 2021, down from 13.1% in the year to June 2021.

House price growth was strongest in the North East where prices increased by 10.8% in the year to July 2021. The lowest annual growth was in London, where prices increased by 2.2% in the year to July 2021.

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/july2021

These figures are looking promising for existing and aspiring property entrepreneurs. We only hope it will continue to grow.

Your Trusted Property Investing Coach

by Bobby Grewal
JULY, 21

After 17 years of hard work and dedication, I am delighted to officially announce the launch of my property investing coaching program. I wanted to share with you how to invest in property faster, easier and more innovative so you don’t have to start harder like I did.

As a property entrepreneur, it’s important for me to make information regarding property investing, renting, maintenance, legislations and marketing available and understandable to aspiring property investors. I endeavor to provide my client partners with the most accurate, up-to-date information and share my knowledge and expertise in the field of property investing.

My goal as your coach is to provide you an easier way to learn about the in and outs of owning and growing a property portfolio. The new program gives better access to How to acquire properties, What property to choose, What are the legislation concerning renting, Where should you look into when looking for properties, When to buy, Who are the important people regarding this business and How to actually rent your room.

My current and prospective clients will find useful information about property investing in this program with a mix of 1 on 1 coaching, videos, written content, case studies and discussions. The case studies will highlight the projects I have completed and outline how I have designed growth and created new value for my clients.

I will be constantly updating my content with helpful information, cutting edge thought, leadership and strategies.

For any questions, suggestions, feedback or comments, please E-mail us ifno@bgpropertygroup.co.uk. Check out my coaching program at :

Recent Post

Staying home has inspired homeowners to improve their homes

July, 20

Property Investing in the UK

August, 20

UK Property Market / Recession - What it could it all mean?

September, 20

2021 UK Housing Price Outlook

March, 21

UK House Prices Grew by 8%

JULY, 21

Your Trusted Property Investing Coach

JULY, 21