Direct Property News

March 14, 2016

The homes you can buy for the price of a car

While some of us might want a new Ford Fiesta to get around in, another option with the same money could be a two-bedroom flat in Preston. And this comparison of what £15,000 can get you in Britain has been revealed as a study shows what properties cost the same as a car. Another area surveyed was Cambridge, where the cheapest property will run you the cost of a Ferrari California at a whopping £160,000.
March 14, 2016

Many buy to let property investors not put off by UK tax changes

The majority of property investors are undeterred from buy-to-let despite the tax changes announced for 2016 and a total of 56% are already planning on purchasing more over the next 12 months, a new research revealed. With the changes taxation approaching fast, about 40% of investors are making plans to set up a limited company for their properties as a loophole to those new regulations. At the same time, according to the latest client barometer survey from specialist lender Shawbrook, about 33% will us a raise in rents as an output for the higher tax.
March 8, 2016

Mortgage approvals hit two-year high

Mortgage approvals reached a new two-year high this January as savvy buy-to-let investors rush to snap up properties ahead of the stamp duty hike in April. A total of 74,581 mortgages for house purchases were approved in January, a significant increase from the 71,335 in December, following a statement for the Bank of England.
March 7, 2016

UK house price continues the rise

According to Standard and Poor’s, a major ratings agency, Britain’s rapid house price growth is not going to end anytime soon. “Conditions for ongoing robust gains of UK residential property prices remain intact,” Standard and Poor’s said in a new report.
March 7, 2016

Starter homes don’t meet the need

The vast majority of English councils do not think Starter Homes should be classified as affordable housing and a mere 7% of councils think they will support the need of affordable housing in their areas. A new research revealed that local councils, regardless of political party, believe that the Government’s Starter Homes policy will hinder rather than help to address the growing need for actually affordable homes in the UK.
March 2, 2016

UK housing market buoyant in January

The UK property market has had a fantastic beginning of the year. The latest study from Connells Survey & Valuation has revealed that the general activity during January has increased by more than half on an annual basis.
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