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, […]
September 6, 2019

House prices: ‘Caution’ dominates the market

House prices rose by a whisker during the summer as the UK housing market was subdued by cautious buyers and sellers, the UK’s biggest lender has said. The Halifax, part of Lloyds Banking Group, said that prices rose by 0.1% in June to August compared with the previous three months. Few properties are changing hands with the political and economic situation leading people to stay put. However, the lender said the market was still “resilient” amid the uncertainty. It estimated the price of the average UK home is now £233,541. The Halifax said that average UK house prices rose by 0.3% in August compared with July, with prices now 1.8% higher than they were a year […]
August 16, 2019

House prices in London: asking prices see growth for first time in two years

Homeowners across London are showing cautious signs of shaking off the Brexit blues, with a renewed confidence in the market pushing up asking prices for the first time in two years. The average price of a property in the capital stands at £617,94 — or 1.3 per cent more than in August last year — according to the latest Rightmove house price index, published today. The number of London homes sold during the past month is also up compared to last year, by a significant 5.2 per cent, representing the biggest increase since July 2017. The research contradicts last week’s UK House Price Index from the Land Registry, which showed sales prices down by 2.7 per […]
July 9, 2019

UK Housing Market Update

House prices rose 0.1% in June across the country, with annual growth now at 0.6%, according to Nationwide. Most regions have seen no movement in house prices over the last year. The exceptions are Wales and the West Midlands, which saw price rises, and the South East, which saw falls. London had a surprisingly strong Q2, up 0.6% since Q1, its strongest quarter since Q1 2017, but prices are still down 1.9% on an annual basis, in line with our forecast. Supporting these relatively stable prices is the RICS Survey, in which far fewer surveyors reported price falls than in recent months. But the majority are still reporting price falls. More surveyors also reported rising numbers […]
June 1, 2019

Birmingham: The 2019 Property Investment Hotspot

With 2019 now in full-swing, it’s time to take a look at which part of England is predicted to offer the best investment opportunities this coming year. Despite the imminent arrival of Brexit leaving many uncertain about the future of the housing market, there is hope for a prosperous future for property investments in Birmingham. Since the Brexit vote in June 2016, numerous cities have recorded double digit growth with Birmingham leading the list. Registering above the national average price growth with employment rises and mortgage rates remaining low, this promising city has recorded a 16% price growth, highlighting the significant strength this area has already displayed in securing excellent property value. Why Birmingham? Birmingham is […]
May 5, 2019

Property: is this an ethical alternative to buy-to-let?

If you’re keen to invest your cash but want to be sure it’s doing some good, Reap is worth a look It’s described as an ethical alternative to buy-to-let aimed at those keen to invest in housing but who want their money to do good. Reap (it stands for “real estate annuity plan”) allows people to lend money to a social enterprise that specialises in providing affordable rented homes for people in housing need, including those at risk of homelessness. Investors will receive a fixed 3% a year interest, with the income paid monthly. If that sounds like an OK but not amazing return, those behind the scheme point out that with Reap, that 3% comes […]
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