Direct Property News

August 9, 2018

Average residential rents reach a new monthly high in London

The average rent in the UK increased by 1.3% in the 12 months to July while in London alone they were up by 3.3%, surpassing £1,600 a month for the first time, the latest index shows. UK wide the average rent is now £937 but when London is excluded it is £777, up by 1% on last year, according to the index data from tenant referencing firm HomeLet. At £3,615, the average London rent has set a new record. The region with the largest year on year increase in rent was Northern Ireland with a 4.5% increase in average rental prices while month on month the biggest increase was 2.6% in the South East. Whilst nine […]
August 9, 2018

Survey reveals aspiring first time buyers don’t understand stamp duty

Despite stamp duty changes which are beneficial for first time buyers, millions of aspiring home owners in England are in the dark about the property tax, new research has found. Almost a third, some 31% of English first time buyers don’t know if stamp duty changes are good for them while 13% wrongly think that the change could save them more than £5,000, according to the study from online broker L&C Mortgages. The survey found that 52% think they will benefit from the stamp duty abolition when they buy their first home. Of those aiming to buy a property priced between £125,000 and £500,000, some 42% either thought that stamp duty relief would not benefit them, […]
August 9, 2018

Gender Equality in the Property Investment Industry

With many industries facing scrupulation over gender equality, property investment has been considered to be no exception. However, new research from Birmingham based property specialists SevenCapital, has suggested that women are just as likely to invest. SevenCapital conducted a survey of over 1,000 people in the UK, asking them what they have invested in and what they would consider as investment potential. A landslide of 40% of the votes went towards property investment, with people saying that housing would be their first choice, if money was not an issue. 19% of those surveyed also confirmed that they already have invested in property. Looking specifically at genders, 19% of males said that they had invested in property […]
August 23, 2018

Research suggests more people in UK want to become landlords

Almost one in 10 UK adults have shown an interest in taking out a buy to let mortgage this year which indicates that the buy to let sector could see growth in 2018. According to new research from Sainsbury’s Bank Mortgages some 9% are considering a mortgage of this type and if that happened then millions could become landlords. Of those taking out or considering a buy to let mortgage, some 35% said a change in income had inspired them to do so, while 29% said they remain encouraged by the current opportunities to enter the buy to let market. Some 25% revealed they were considering a buy to let mortgage after receiving an inheritance which […]
August 27, 2018

London’s commercial property market is top draw for international investors

London has the most active commercial real estate market for global cross border capital despite Brexit with Asian investors in particular snapping up assets, new research has found. Overall some £5.6 billion was invested in London in first half of 2018 with the next highest in Hong Kong at £5 billion, followed by Paris at £1.9 billion. Asian investors dominate and accounted for £4.4 billion or 65% of investment of which Greater China led the way with £2.6 billion or 38%. There was £1.8 billion or 27% from other Far Eastern nations, with £906 million of that from Singapore and £790 million from South Korea. The report from international real estate firm Knight Frank says that […]
September 3, 2018

Registrations rise 35% in July

The latest figures from NHBC have revealed that new home registrations saw a 35% rise in July against the same month last year. According to the data, during July, NHBC said that more than 15,800 new homes were registered to be built in the UK. Of these 12,087 were for the private sector against 8,421 in 2017. And 3,782 were registered in the affordable sector compared to 3,362 previously. For the rolling quarter between May and July, private sector registrations rose 11% to 31,264 new homes against the equivalent period last year. Those in the affordable sector lifted 9% to 12,336. Total registrations for the period stood at 43,600 new homes, up 11%. London saw an […]