Direct Property News

October 25, 2019

Buyers want plenty of information when they are buying a new home

People, especially older buyers, are more likely to buy a new build home if they get sufficient information leading to a better service during the buying process, a new study suggests. The majority, some 94% of people state that the customer service they receive when buying a home is important and 83% say that poor customer service would put them off buying or renting a new build home. The research conducted by new home handover solutions firm Classic Folios, also found that 63% believe that as long as they are kept adequately informed and communications are honest throughout the buying process, they would not mind the hassle of buying a new home. Despite these claims, however, […]
December 26, 2019

Agents anticipate rent increases in 2020

The majority (84%) of letting agents think rent prices will rise next year, up from two thirds (65%) last year, ARLA Propertymark has predicted. More than three fifths (61%) think demand will continue to increase, but almost seven in 10 (68%) reckon the number of landlords operating in the private rented sector will decline next year, as they are driven out by rising costs. Indeed, two thirds (68%) expect landlords’ taxes to rise again. David Cox, chief executive, ARLA Propertymark, said: “For far too long, successive governments of all political persuasions have passed significant amounts of complex legislation for landlords. “As a result, much of this year has dampened landlords’ appetites to invest and expand their […]
January 8, 2020

Construction industry upbeat about Brexit

Some 43% of construction businesses are confident about business growth after Brexit, negotiation and communication firm Huthwaite has revealed. Surprisingly 27% think the process of exiting the EU is currently having a positive impact on their business, with 22% thinking it hasn’t had any impact. Tony Hughes, chief executive at Huthwaite International said: “The UK is packed with ambitious and prosperous companies that in theory should flourish regardless of economic uncertainty, however the importance of obtaining the core skillsets to flourish shouldn’t be underestimated. “One of the few certainties the UK faces is that, for selling organisations, things are getting tougher. “As buying organisations entrench, delaying or even cancelling purchasing decisions, sales teams across all sectors […]
April 9, 2020

Property investment recovery expected to be sharp

Colliers International says the recovery of investment into global real estate is expected to be sharper and faster following the COVID-19 crisis than the period after the GFC. The real estate advisor notes that although a global recession is to be expected “there are glimmers of hope with the latest China Manufacturing PMI data showing stabilisation in March following a fall to record low levels in February”. Oxford Economics data shows that following a contraction in global GDP by 1.8% quarter on quarter in Q1 and a further 0.3% decline predicted in Q2, there should be of around 1.5% and 1.8% in the third and fourth quarters respectively. Tony Horrell, CEO of Colliers International UK and […]