Direct Property News

December 1, 2020

The UK house price boom will continue into 2021 – here’s what this means if you’re buying or selling

The UK property boom is showing no signs of abating, and 2021 is unlikely to see a sharp fall in house prices. What does the latest market forecast hold for potential buyers and sellers? There has been much speculation over the past few months about just when the current UK house price boom is finally going to end. The by now familiar narrative is that 2021 will start seeing a decline in house prices and a decrease in house sales as people begin losing interest in moving house after the end of the stamp duty holiday in March. Is the latest property market research bearing out this prognosis? Broadly speaking, yes – but the devil, as ever, […]
November 27, 2020

Where in Britain are properties selling the fastest?

New research looks at where properties are selling the fastest in Britain. The Midlands and north of England feature heavily on the list of the top 20 fastest-moving property markets. Recent research by Zoopla found 20 UK regions where properties are selling the fastest. Properties in 14 locations take an average of 30 days or less to sell. Towns and cities in the Midlands and north of England dominate the list. Falkirk, Scotland is the fastest-moving location with listings taking an average of only 20 days to move from “for sale” to “sold subject to contract”. Waltham Forest in London and Bridgend in Wales follow with sales taking 24 days. The Midlands and north dominate the […]
November 25, 2020

UK property market remains strong heading into winter months

The UK property market continues to see strong house price growth. And while the sector typically faces a seasonal slowdown this time of year, demand will likely remain strong. In the past few months, there has been a significant rise in buying and selling. Over the year to September 2020, the average UK house price increased by 4.7%, according to the latest UK House Price Index from the ONS and Land Registry. This is the highest level of growth since October 2017. The data from this house price index further shows the strong growth the UK property market is seeing. The sector typically faces a seasonal slowdown this time of year. However, house prices and demand […]
November 20, 2020

Top tips – investors warned not to change strategy based on lockdown trends

We all know it’s important, as an investor, to keep up to date with current and future rental trends in order to maintain a successful property investment or portfolio of investments. That is even more so the case at present, with things changing so rapidly on a weekly – and sometimes daily – basis.  Recent years have also demonstrated clear geographical shifts within the rental market along with other trends. But with the renewed lockdown having a clear impact on location and renter priorities once more, should investors looking to purchase over the next 12 months be changing their strategy? Not necessarily, claims Andy Foote, a director at UK property developer SevenCapital. “There’s no doubt that the […]
November 16, 2020

London named the second best city for property investment in Europe

Investors, developers, lenders and advisers have tipped London as a go-to destination for property investment and development potential in 2021. Prospects for real estate and investment opportunities in London for 2021 have seen significant improvement, says the latest Emerging Trends in Real Estate report from PricewaterhouseCoopers and the Urban Land Institute. The data shows England’s capital has jumped two places in this year’s estimations. This puts London in second place overall across Europe’s major cities, with Berlin taking the top position. Much of the report unsurprisingly focuses on the way coronavirus has affected the real estate sector. However, on a long-term basis, it describes the likes on London, Berlin and Paris as “stalwarts”. These cities, says […]
November 13, 2020

The rise of the upper-middle-aged renter – study

Retirees and those in the upper-middle age category are the fastest growing tenant groups in the private rented sector (PRS), analysis from Paragon Bank reveals. Paragon’s new report ‘The Growth of Later Life Tenants’ shows the number of households in the 55-64-year-old age category with an Assured Shorthold Tenancy has risen by 118% since a decade ago, with those aged 65-plus growing 93%. This rate of growth is nearly double the rate of 35-44-year-olds. The research also reveals that later life tenants are generally happier in private rented accommodation and have lived in the PRS for longer. Some 68% of over-55s said that renting suited their needs or they enjoy renting, compared with 49% of under-55s. […]
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