Direct Property News

July 26, 2017

UK is top for wealthy individual global commercial real estate investors

The UK is the top country that private property investors are most likely to buy commercial real estate as more and more wealthy people consider it as an investment asset. Overall private investors are already a strong presence in the commercial market and as a result are becoming an increasingly important force in the global real estate marketplace, according to the latest report from Knight Frank. It says that 27% of all global commercial property transactions in 2016 involved a private buyer and a quarter of private wealth is held in real estate investments of some kind, excluding primary residences and second homes, which is the highest allocation since records began. The report also reveals that […]
August 1, 2017

House Price Growth was Broadly Stable in July, Reports Nationwide

Annual house price growth was little changed from June in July, down from 3.1% to 2.9%, reports Nationwide in its latest House Price Index. House prices also saw a modest increase of 0.3% over the month – down from 1.1% in June. This takes the average house price to £211,671, which is up slightly from June’s £211,301. The Chief Economist at Nationwide, Robert Gardener, comments on the figures: “The annual pace of house price growth remained broadly stable in July, at 2.9%, only a touch lower than the 3.1% recorded in June. “On the surface, this appears at odds with recent signs of cooling in the housing market. The number of housing transactions dipped to their […]
August 2, 2017

First time buyers have to compromise but generally find it an exciting experience

Buyers in the UK are increasingly looking wider afield or their first home and despite the costs and financial pressures of getting on the housing ladder they see it as an exciting time of their life, new research suggests. Many first time buyers who have bought in the last two years say that they had to make compromises, with locations being a major one as they sought properties within their budget. Some 70% ended up buying a home an average of 26 minutes away from their original and preferred location, according to the study from Post Office Money. While 16% didn’t have to adjust their expectations at all, 5% compromised in terms of having a suitable […]
August 3, 2017

Demand in Prime Central London up 25%

New research from hybrid estate agent, eMoov.co.uk, has revealed that Prime Central London is starting to find its feet again after two years of declining buyer interest. Demand levels across PCL are currently at 13% on average, up +25% in the last six months and +39% annually. Current Demand As far as current buyer demand goes, Chiswick is the hottest area at 32% and is likely benefitting from its close proximity to Acton and the over spilling benefit and impending opening of the Crossrail service. There is no surprise that both Islington (25%) and Camden’s Belsize Park (18%) are some of the hottest as far as demand goes, recent data from Zoopla shows that both boroughs […]
August 4, 2017

Biggest Build to Rent development in UK gets £65 million Government boost

The biggest development of homes built specifically for the private rented in the UK is set to receive a £65 million boost from the Government.   With the country needing over a million new homes in the coming years, the Government believes that Build to Rent can provide a large number of them, especially in locations like London.   Now a development of 7,600 high quality new homes at the Wembley Park development in Brent, one of the largest strategic regeneration projects in the UK, is to get the multi million pound boost.   According to Housing Minister Alok Sharma, the development, which will have at least 6,800 home to rent, will offer more choice for […]
August 4, 2017

Rents in England and Wales increase by 1.6%

Rents within the private sector went up by 1.6% between May and June in England and Wales and have now reached an average of £827 per month, the latest data reveals.   The buy-to-let index put together by Your Move showed that rents either remained the same or increased in all areas across England and Wales from May to June. The North West and West Midlands saw the biggest rise with 0.3% (bumping prices up to £629 and £609 respectively).   In Yorkshire and the Humber, the East Midlands and the South East rental prices experienced an increase of 0.2%. However, on an annual basis Wales noticed the biggest growth in rents as costs increased by […]