Direct Property News

January 29, 2018

UK is now the most popular global location for commercial property investment

The UK is now the most popular location globally for commercial real estate investment with Germany losing favour as a commercial property hotspot, the latest research suggests. Britain’s popularity among investors increased from 27% in the third quarter of 2017 to 29% in the fourth quarter and the United States and France have also gained popularity among investors. Indeed, Germany has gone from the top spot to fourth place behind the UK, the US and France, according to the latest commercial property investment barometer from BrickVest. Germany saw a drop in popularity from 34% to 23% in the last quarter of 2017, marking its lowest rating since the second quarter of 2016. The UK, however, rose […]
January 30, 2018

Signs of recovery as a third of London saw property price hikes in 2017

Despite the rather bleak report from Nationwide revealing that London house prices fell last year for the first time since the financial crisis, new detailed research shows a third of homes in the capital actually bucked this trend. In fact, according to independent London estate agents, James Pendleton, around 33% of postcodes in the capital saw prices continue to rise over the same period, suggesting it’s not all doom and gloom for London homeowners. The Nationwide House Price Index reported that house prices fell 0.5% on average during 2017, however asking prices increased by at least 5% in more than one in 10 (12%) of the capital’s postcode districts last year. In total, great swathes of […]
February 1, 2018

Annual UK house price growth increased unexpectedly in January

There was an unexpected pick up in annual house price growth in the UK in January with the latest index showing a rise of 3.2% compared to 2.6% at the end of 2016. The data from lender the Nationwide also show prices increased by 0.6% month on month, taking the average price of a home to £211,756. ‘The acceleration in annual house price growth is a little surprising, given signs of softening in the household sector in recent months,’ said Robert Gardner, Nationwide’s chief economist. But he does not believe it is a sign of a sudden boom as surveyors report that new buyer enquiries have remained soft in recent months and activity has been subdued […]
February 8, 2018

Average UK rents hit record high

New figures from Landbay have revealed the average cost of renting a home is now rising across every UK region for the first time in almost two years. Rents grew by an average of 0.07% in January, marking what is expected to be the start of a year of sustained rental growth for the UK. According to the report, the average UK rent now stands at a record £1,198 per month, a 0.66% increase on this time last year. While rents in the capital (£1,876) remain around 2.5 times the rest of the UK (£760), this is still £16 a month shy of the £1,893 record set in May 2016. Much has been made of the […]
February 12, 2018

House prices in England and Wales crept up overall in January

House prices in England and Wales increased by 0.2% in January, the first monthly rise following several months of declines, taking the average to £301,477, the latest index shows. But on an annual basis prices have fallen in several locations, most notably London, the South East and the North East, according to the data from the Your Move index. However, the index report points that overall despite average prices in England and Wales being lower than they were in January 2017 and down annually for the first time since March 2012, average prices continue to remain above the £300,000 mark as they did throughout 2017. It explains that the move into negative territory in annual price […]
February 13, 2018

Research reveals more homes than ever in Britain worth over £1 million

There are now well over 750,000 homes in Britain worth at least £1 million with most of them in London, new figures show. Overall there are 768,553 properties in this price bracket which amounts to 2.7% of the nation’s housing stock, according to the data from property portal Zoopla. This is a considerable rise of 22.95% since August 2016 which shows just how fast the value of home have been rising. The largest number are on London at 430,720. Kensington Palace Gardens, which borders the west side of Hyde Park, is the most expensive with an average property price of £35,696,711. The second highest number of millionaire properties can be found in the South East of […]