February 20, 2019
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Property investors from around the world buying in the UK despite Brexit

Well off property investors from around the world are not put off buying property in the UK because of Brexit, new research suggests. Indeed some 85% are currently investing in British property with one in four saying they are doing so because of Brexit, a global survey for UK property developer Seven Capital has found. Some 55% of those polled said they live in the UK, 17% in Hong Kong, 17% in Dubai and 11% in South Africa. Among those from the UK more than 30% identified as currently investing in property with all of those confirming they invest in UK property and 23% cited Brexit as the catalyst for them to invest. Asked how strongly…
February 18, 2019
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Housing affordability in Britain improving at fastest rate since 2011

The average asking price for property in Britain increased by 0.7% this month and is consistent with the growth recorded in February last year and the one before, the latest index shows. But year on year asking prices increased by just 0.2% or £714, according to the data from Rightmove. The property portal’s report points out that this means that housing affordability is improving at its fastest rate or eight years with annual wage growth at 3.4% outstripping price growth. But the picture is different according to location with asking prices in the North of England, for example, higher and those in the South falling year on year. Asking price growth is led by growth of…
February 12, 2019
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Rents in the UK increased by 2.5% in the last year, but with regional variations

Rents in the UK increased by 2.5% in the 12 months to January 2019, taking the average to £932, with only the North East seeing a fall, the latest rental index shows. Growth was led by the South West and Greater London. Rents increased by 5.1% year on year in the South West to an average of £859 and also increased by 3.1% month on month. London recorded annual growth of 3.7% to £1,588 but rents fell by 0.5% month on month and when London is excluded then annual growth was 2% to an average of £755, the data from tenant referencing firm HomeLet also shows. The slowest growth has been in Scotland and the East…
February 12, 2019
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London is top city for commercial real estate investment in the world

London is still the world’s top destination for investment in commercial real estate despite ongoing uncertainty about Brexit, well above both Manhattan and Paris, the next two biggest markets, new research shows. Some £16.2 billion was invested in central London’s commercial offices in 2018 compared with £14.3 billion in Manhattan, £12.1 billion in Paris and £8.4 billion in Hong Kong, according to the analysis report from international real estate firm Knight Frank. It also reveals, that while total investment volumes for central London were down slightly on 2017, the average deal size rose to an all-time high of £81.5 million in 2018 and it is predicted that there could be investment of £40 billion this year.…
February 8, 2019
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Majority of property investors in UK set to expand their portfolios this year

A majority of property professionals investing in the UK are set to expand their portfolios in 2019, remaining resilient despite a backdrop of uncertainty and squeeze on affordability. Some 80% of investors said they plan to increase their portfolios this year while 20% said they are not making any changes in 2019, according to the poll by MT Finance, but none said they would reduce their investment. Of the 80% looking to expand their portfolios, 39% are looking to buy in the South East of England, 25% in Wales, followed by 13% in the Midlands. Whilst 16% revealed that would not be buying property in the UK and none are set to buy in London which…
February 6, 2019
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Prime property sales market in London ready for recovery post Brexit

The prime property market in London is in a stronger position than it appears to be on the surface and is in a position to recover once Brexit is sorted, according to a new analysis. The figures show that there is still no growth in terms of sales and prices. Sales were down by 15% year on year in 2018 and prices down 4.4%. But the data from the London residential Spring review from real estate firm Knight Frank also shows that there was a 5% rise in the number of new prospective buyers during 2018 in both prime central and prime outer London. Tom Bill, head of London residential research at Knight Frank, pointed out…
January 31, 2019
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Activity surges in December as buyers return to the market

New data and analysis from haart has shown that buyers returned to the market in increased numbers during the usually quiet final weeks of the year, despite ongoing Brexit drama. According to the data released, transactions across England and Wales jumped 14% on the month and 18% on the year in December with the number of new instructions rising by almost 30% on the year in the first two weeks of 2019. National Trends House prices across England and Wales fell by 0.8% and by 3.3% on the year. The average house price now sits at £221,965. New buyer registrations fell by 18.1% on the month but is up 12% annually. The number of properties coming…
January 29, 2019
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Supply and demand for homes increased in December, according to estate agents

The property market in the UK is still moving despite ongoing Brexit uncertainty with the supply of homes available to buying at its highest level for the month on December for four years. The latest monthly report from the National Association of Estate Agents shows that last month supply increased by 20% compared with November. Demand from prospective buyers also increased, up by 8% from 292 per member estate agent branch in November to 304 in December. Year on year demand is up 13%. The number of properties sold to first time buyers increased marginally from 23% in November to 24% in December but year on year the number of sales made to this group is…
January 25, 2019
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Property sales at the top of London’s property market increased strongly in 2018

The top end of the residential property market in London saw remarkably robust levels of sales last year despite Brexit concerns, particularly for homes above £15 million, a new analysis shows. Overall there was a total of £4 billion sales in 2018 in the £5 million plus sector of the market, a rise of 10% year on year, according to the latest market intelligence report from real estate firm Savills. In the £15 million plus sector sales increased by 43% year on year to a total value of £2 billion in 2018 compared with £1.4 billion in the previous year. Above £15 million prices have fallen by 22.6%. But prices are still down, with the analysis…
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