Direct Property News

December 19, 2017
UK Supported Housing Property Bonds

Signs of recovery for the capital’s lettings market

Despite the political ambiguity surrounding Brexit, demand for rental properties in London was on the rise in the third quarter of this year, according to the latest London Lettings Report by Foxtons. A detailed look at the market also revealed an increase in the number of tenants registered per new property instructed – from 7.7 to 9.2 – compared to the same quarter last year. At the same time a decrease in stock levels has become evident. Sarah Tonkinson, Director of Institutional PRS and Build to Rent at Foxtons, had this to say: “Q3 is known as ‘the lettings quarter’ of the year as a number of existing tenancies come to an end and there is […]
December 20, 2017

Average rents inch up in November

The latest data and analysis from Homelet has revealed that average rents across the UK rose by a meagre 0.7% in November when compared to the same month a year ago – the average monthly now stands at £904 compared to £898 in the same month of last year. With the latest figures from the Office for National Statistics showing that inflation in the UK, as measured by the Consumer Prices Index, currently stands at 3.1%, November’s data means that rents have reduced in real terms for almost the whole of 2017. The last time that average rental price growth exceeded inflation was December 2016, when the HomeLet Rental Index recorded an increase of 1.7% against […]
December 26, 2017

Record number of homes in UK sell for less than asking price

A record number of properties in the UK sold for less than their asking prices in November and the traditional end of year slowdown in the property market started early. The number of properties available to buy in the UK also fell, reaching its lowest level seen since January 2016 but demand has also fallen, the latest research from estate agents also shows. At the same some the majority of properties, some 85%, sold for less than their asking price in November, the highest levels since records began, according to the survey from the National Association of Estate Agents (NAEA). This is up from 78% in October, and just higher than last November when 84% of […]
December 26, 2017

How to Prepare your Property for Let in the 2018 Market

If the traditional Christmas chaos hasn’t hit you yet, it’s sure to over the next two weeks. Amongst the last minute madness to buy Christmas presents for your nearest and dearest, you may want to start thinking about preparing your property for let in the 2018 market… With turkey and wrapping paper on the brain, it can be difficult to think strategically about your lettings business at this time of year, but now really is the best time to prepare and plan for what is sure to be another tricky year for landlords. Keeping your lettings business strong and healthy in 2018 will likely be top of every landlord’s Christmas list this year – these top […]
December 26, 2017

Chinese buyers step up UK investment despite Brexit

Eighteen months after the UK’s EU membership referendum took place, interest in British property from Chinese buyers is as strong as ever. According to international property portal Juwai.com, the number of buying enquiries from potential Chinese investors is still 43.2% higher than it was in June 2016. The weak pound is a primary driver of increased demand. As a result, the site is expecting interest from Chinese investors to remain at a similar level in 2018. “Chinese property buyers made 43% more buying inquiries for UK property than they did in the second quarter of 2016, the period that encompassed the referendum,” said Carrie Law, CEO of Juwai.com. “At the time of the referendum, we said […]
January 3, 2018

Which towns were the winners and losers of the 2017 house price table?

According to the figures, the average price of a home in Cheltenham was 13% higher than in the previous year – an increase from £277,118 to £313,150 in 2017; nearly five times the 2.7% increase in the UK as a whole. The seaside town of Bournemouth experienced the second biggest rise, with an increase of 11.7%, while Brighton, on the south east coast completed the top three with an 11.4% rise in the past year. Fifteen of the 20 top house price performers are in London and southern England – these include Crawley (10.4%), Newham (10.2%), Peterborough (10.1%), Gloucester (9.5%) and Exeter (9.1%). Huddersfield (9.3%) in Yorkshire and the Humber, Nottingham (8.9%) and Lincoln (8.4%) in […]