Direct Property News

August 4, 2017

Build-to-rent during 2017’s second quarter – in 5 charts

The British Property Federation (BPF) has put together its quarterly overview of the build-to-rent sector, including its build-to-rent map giving an overview of all developments in the UK.   The BPF has put together a detailed overview of what’s been happening during Q2 of this year in the country’s build-to-rent market.   As a growing sector, build-to-rent has become instrumental in order to fix Britain’s housing crisis.   Build-to-rent is the part of the UK’s property market where homes are purposefully built in order to be rented out and owned by institutional investor. They are usually managed by specialist operators, often with on-site management teams.   Here are some of the key findings from the BPF […]
August 4, 2017

Government fund announced to release land for new homes in the UK

The British Government has launched a £54 million fund to transform local communities and release land for thousands of new homes.   The Land Release Fund is in partnership with the Cabinet Office and Local Government Association’s One Public Estate programme to ensure local councils release some of their unused or surplus land for housing. This will help to meet the ambition to unlock enough council owned land for at least 160,000 homes by 2020.   Councils can now bid for funding for land remediation and small scale infrastructure, which will help bring sites forward for housing that would not have otherwise been developed.   Alongside this, One Public Estate is making £9 million funding available […]
August 4, 2017

Twenty years on:house prices in nine London boroughs have risen by more than 500 per cent in two decades

The biggest increase in UK house prices over the past 20 years continues to be seen in the capital, with nine London boroughs in the top 10 areas for price rises since 1997.   The scale of transformation across east and south-east London over the past 20 years continues to be reflected by soaring house prices in these rapidly-changing parts of the capital.   New transport links, rising demand and lack of affordable housing supply means today’s would-be home buyers are facing prices up to eight times higher than they were two decades ago, according to new research by Halifax which reveals the 10 areas where property prices per square metre have risen the most since 1997. […]
August 21, 2017
UK Supported Housing Property Bonds

UK Rental growth doubles

According to Countrywide, the UK’s largest estate agency and property services group, the annual rate of rental growth in Britain doubled from 1.1% to 2.2% between June and July. The increase has been caused by a turnaround in the London market, the group said. The figures are especially surprising as they mark the end of eight consecutive months of falling rents in London. Countrywide’s Monthly Lettings Index for July 2017 cited that this turnaround was caused by the sudden drop of available properties to rent in the capital. “The steady fall in the number of homes available to rent in London has been driven by a drop in the number of landlords buying since the new […]
August 22, 2017

Property investors ‘want stamp duty surcharge scrapped’

A majority of UK property investors want the Government to reverse the changes made to property taxes including scrapping the 3% stamp duty surcharge altogether, according to the latest survey by bridging finance lender, mtf. Three quarters of property investors said scrapping the additional 3% stamp duty hike on buy-to-let and second homes would improve conditions in UK real estate, mtf’s Q2 Property Investor Survey showed. The introduction of the 3% surcharge in April 2016 has severely limited investor appetite for buying properties with the intention of renting them out. It comes as the property market has slowed across the board amid other changes to stamp duty, including a hike on higher value assets. The government […]
August 24, 2017

Rents for new UK tenancies stable in July

The total number of letting agents who experienced rent rises for their tenants stayed constant at 31% in July, according to the latest private rental survey from the Association of Residential Letting Agents. This was a rise of 3% on the 28% seen in July, with the report also revealing a further increase in demand. Demand Increases In all, the number of properties managed per member branch rose slightly during July, up to 192 from the 190 recorded in June. This is the highest level seen since January, when agents were managing 193 on average. Year-on-year, this figure rose by 4%, with July 2016 seeing agents managing 184 properties on average. Demand from new tenants rose […]