Direct Property News

September 29, 2020

House prices: why a property market crash won’t happen in 2020

The grim prognoses of a UK house price crash are now unlikely to materialise, at least not this year. Find out why – and what this means if you’re buying a house this year UK house prices are continuing to rise at a steady pace, defying all industry forecasts. The latest Zoopla house price index is in, and the data points firmly to stable housing market conditions for the rest of 2020 – and likely into the first quarter of 2021. Although the situation around house prices is no longer referred to in terms of a market boom, the much-predicted property market crash has failed to materialise. What are the real reasons behind this expert-defying trend? […]
September 25, 2020

Buy-to-let landlords could get better returns now than at start of 2020

As many investment options remain volatile right now, property investment could be a particularly attractive avenue. For those looking to borrow to invest, portfolio buy-to-let landlords could get the best deals. Interest rates remain at historic lows, with the Bank of England holding its base rate at just 0.1% for now. This means minimal returns through traditional savings vehicles for most investors. On the flip side, low mortgage interest rates are continuing to entice borrowers and property investors. As a result, many are rethinking their buy-to-let investment options. A recent raft of regulatory and tax changes may have put off some landlords from the market. However, the stamp duty holiday coupled with cheap borrowing and high […]
September 23, 2020

Sellers not reducing prices as UK property market bounces back

Despite almost half (45%) of buyers asking for a price reduction on properties in light of the COVID-19 pandemic, home sellers are not budging on price according to the latest research by online estate agent Strike. The area most likely for buyers to ask for a price reduction is London, where 70% of sellers say they’ve been asked to lower their property prices. Alternatively, regions including Northern Ireland and the South West saw buyers less likely to ask for a price reduction. On a UK-wide basis, just one fifth of sellers say no reduction has been asked for at all in recent months. Strike’s research suggests that not all sellers are willing to accept a lower […]
September 22, 2020

London house prices: The most and least profitable London boroughs for buy to let properties

These are the places for buy to lets during the stamp duty holiday The coronavirus pandemic has had a profound impact on the UK’s property market, with London being hit harder than many because people are making the decision to move out of the city. With so many more people working remotely now, lots of Londoners are deciding to move out, perhaps because they want to live somewhere a bit cheaper or because they want more space for their money. This means the house prices in the capital have come tumbling down. And so, according to a study from CIA Landlord, now may be a great time to get a buy to let property in London. […]
September 17, 2020

London house prices:all-time high for property in post-lockdown boom

Surging London house prices have hit a new all-time high as the remarkable post lockdown property boom gathers momentum. The average cost of a home in the capital jumped 3.6 per cent in June alone to reach £490,495, almost £2,000 above the previous peak in July 2017. The annual rate of increase almost doubled from 2.14 per cent to 4.25 per cent, according to Land Registry figures today. Property experts said the pace is likely to accelerate further since the summer with the stamp duty holiday on the first £500,000 of a purchase fuelling further rises after it came into force in July. However, the increases will dismay first-time buyers struggling to get a toe hold […]
September 15, 2020

International investors clambering for UK property amidst global uncertainty

COVID-19 cases might be steadily decreasing, though this does not mean we have overcome all of the fundamental challenges posed by this global pandemic. Market uncertainty has made it difficult for investors to plan for the future. While it looks as though we are on the path to recovery, there is nothing to suggest a second spike in infections is completely off the table. What’s more, we are only beginning to realise the economic ramifications of the coronavirus. It seems as though the majority of the world’s major economies will stay in a recession for at least the rest of 2020. GDP levels in advanced economies are expected to remain around 3-4% lower than their pre-pandemic […]
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