Direct Property News

April 5, 2018

UK landlords ‘remain optimistic in spite of challenges’

Despite the uncertainty of Brexit and increasing tax burdens for landlords, buy-to-let (BTL) investors remain largely optimistic about the prospects for the market in the year ahead. In its annual ‘BTL barometer’, which explores the current and future sentiment of professional landlords, Shawbrook Bank finds two thirds (65%) of BTL investors are confident about the performance of their property portfolio in 2018. Just 14% say they are concerned. Good tenant demand and high yields appear to be driving feelings of optimism amongst this cohort of property investors, with one in five (21%) experiencing an increase in tenant demand in the 12 months to 2018. Although landlords are optimistic, they are also realistic, understanding they will be […]
April 9, 2018

Average houses prices rise by 1.5% in UK in March to new record high

The average price of a home in the UK reached £227,871 in March, a record high, having increased by 1.5% month on month, the latest index data shows. Prices are now 2.7% higher than in March 2017, up from 1.8% annual growth recorded in February. It is the highest recorded price for the index published by lender the Halifax. However, Russell Galley, Halifax managing director, pointed out that while mortgage are at their most affordable for years, activity levels, like house price growth, have softened compared with a year ago. Mortgage approvals are down compared to 12 months ago, whilst home sales have remained flat in the early months of the year. ‘This lack of direction […]
April 12, 2018

Mortgage market continues to favour those with a larger deposit

2018 has started relatively well for those taking their first step onto the property ladder. Average mortgage interest rates continue to fall and recently released government statistics have shown that various schemes including HTB are performing well. However, the market remains skewed and still overwhelmingly favours those with at least a 25% deposit. The latest findings from the quarterly AmTrust Mortgage Loan to Value (LTV) Tracker show that those first-timers with only a 5% deposit are still having to pay almost two-thirds more per month in mortgage payments than those with a 25% deposit. This has been a constant over the three years that the Tracker has run. Chancellor Philip Hammond, in last month’s Spring Statement, […]
April 17, 2018

Global mainstream house prices increased by 4.6% in 2017, latest index shows

House prices worldwide increased by 4.6% in 2017, led by Iceland and Hong Kong, but their rate of growth has slowed while European housing markets are rising up the rankings, the latest global index shows. Overall some 85% of the 59 countries tracked by the Knight Frank global house price index saw mainstream values rise and seven European countries now sit within the top 10 while Russia, Peru and Ukraine registered the weakest growth in 2017. ‘The latest house price rankings provide a glimpse as to where the world’s housing markets are in relation to their property market cycles, as the era of economic stimulus comes to a close and rate rises occupy the minds of […]
April 24, 2018

Brexit: No threat for residential property investors?

One year on from the triggering of Article 50 and Britain’s exit from the European Union is finally starting to take positive steps forward. An agreement on a transition deal announced on Monday 19 March saw the pound surge, with predictions it could grow further by the end of the week. For residential property investors, this should be encouraging, however, according to Andy Foote, director at SevenCapital, Brexit was never a huge threat for the residential property market: Since the first announcement of Brexit, residential investors – new and seasoned – have been wavering over decisions on residential property in the UK. In fact, one of the most commonly asked questions over the past 12 months […]
April 24, 2018

Survey reveals majority of landlords find it hard to keep up with regulations

The majority of landlords in the UK are finding it hard to keep up with the raft of regulatory changes and get to grips with complex compliance issues that have affected the private rented sector. New research reveals that almost one in 5 landlords, that is 18.2%, said they find it impossible to keep up with constant regulation changes with a further 29.9% saying they find it very difficult and another 31.2% finding it quite difficult. There are over 145 individual laws and more than 400 regulations relating to the private rented sector, making it harder than ever for landlords, particularly accidental landlords to keep up with change and compliance. The survey from property marketplace The […]