UK Property Market News

December 22, 2020

UK the top hotspot for overseas resi investment post-Brexit, says research

The UK has ranked highest for future residential real estate investment, in a survey of 500 investors, developers and asset managers with more than $3bn AUM from across Europe, China and the US, suggesting the UK real estate market will remain firmly open for business post-Brexit. The findings from the European Real Estate global survey by international law firm DLA Piper found that, overall, the top five countries for investment in residential assets over the next 12 months are all in Europe, with the UK leading the way (33%), followed by France (28%), Germany (25%), Spain (24%) and Italy (18%). Top countries in which global companies, asset managers and developers wish to invest and manage residential […]
January 7, 2021

Property market staying open during lockdown – first reactions

The property market will continue to run despite the government introducing new lockdown measures. Prime Minister Boris Johnson has instructed people to stay at home where possible, while schools and non-essential shops have been closed. However viewings are still possible, while surveys are still being allowed to go ahead. Tomer Aboody, director of property lender MT Finance, said: “Unlike the first lockdown, estate agents remain open for business and both sellers and buyers are still keen to proceed with their transactions. “With lawyers, valuers and agents all still working, this should limit any further delays to transactions. “It is now down to the comfort level of sellers in terms of allowing potential buyers in to view […]
January 14, 2021

Detached properties see highest price growth in 2020

Detached homes saw the highest rate of annual house price growth of all property types in most regions of the UK last year, research from property portal OpenBrix has found. After the property market reopened following the initial national lockdown, UK buyers scrambled to buy bigger homes with more outdoor space. The value of detached properties climbed by 6.8% annually in December across the UK. Terraced homes were the next most popular with property values climbing 6.1% in the last year, while semi-detached houses saw an increase of 5.4%. Adam Pigott, chief executive of OpenBrix, said: “To see detached homes top the table across almost all UK regions where price appreciation is concerned highlights the considerable […]
January 21, 2021

London property prices hold up for investors

London flat and maisonettes have risen by 9.0% on last year to £442,304, according to Herddle analysis of government data. The average price of all types of London properties has risen by 9.7% over the last despite the pandemic and the economic impact of Brexit. This compares to inflation of just 0.8%. Corey Cumins, chief executive of Herddle, said: “Investors and landlords who held their nerve AND held onto their flats have been rewarded with some remarkable performance. Prices of flats and maisonettes have risen by 9.0% and that’s way ahead of inflation. “Looking ahead, it’s reasonable to expect more economic volatility – as both Brexit and new strains of COVID bite into companies, wages and […]
January 25, 2021

House prices hit record highs as ‘unnecessary fear’ of Brexit fades and market booms

HOUSE PRICES in the UK have consistently hit a record high since August as the ‘unnecessary’ fear and uncertainty around Brexit has significantly faded, according to one property expert. The UK property market enjoyed a mini boom in the second half of 2020 as the country eased out of lockdown and things were looking up, which came as a surprise to many. But since then, the situation has massively changed. Britain has seen another two lockdowns, a new variant of the virus and a Brexit deal that very nearly didn’t happen. With all this uncertainty, one would think this would be detrimental to the property market, but that’s not been the case according to one property […]
January 28, 2021

UK named top hotspot for property investment by overseas investors

Overseas investors ranked the UK as the best residential property investment hotspot for 2021. What makes investing in UK property so appealing? For a number of years, the UK property market has been a prime target for overseas investors, and this has continued at strong levels. Property investors from Asia, Europe and the US have particularly seen UK property as a solid investment choice in the past few years. Recently, the UK was even named the top global property investment hotspot in a survey by international law firm DLA Piper. Of the 500 high-net-worth investors and asset managers surveyed, 33% said they wish to invest in UK property during 2021. Investors headquartered in China and the […]