Direct Property News

September 5, 2018

Prime property sales are rising in some value sectors in London, new analysis shows

The volume of sales in London’s highest value boroughs is rising as asking prices adjust to tax changes, new research has found. Values are also improving with the decline in prices slowing in the prime property markets in both central and outer London, according to the latest analysis from real estate firm Knight Frank. Average prices between £4 million and £5 million in prime outer London declined 2.6% in August. Nevertheless, this has been the best performing price bracket since October 2017, underlining how higher value markets have more quickly adjusted to higher rates of stamp duty. Elsewhere in the market in outer London in the price bracket up to £1 million prices are down by […]
September 3, 2018

Registrations rise 35% in July

The latest figures from NHBC have revealed that new home registrations saw a 35% rise in July against the same month last year. According to the data, during July, NHBC said that more than 15,800 new homes were registered to be built in the UK. Of these 12,087 were for the private sector against 8,421 in 2017. And 3,782 were registered in the affordable sector compared to 3,362 previously. For the rolling quarter between May and July, private sector registrations rose 11% to 31,264 new homes against the equivalent period last year. Those in the affordable sector lifted 9% to 12,336. Total registrations for the period stood at 43,600 new homes, up 11%. London saw an […]
August 30, 2018
UK Supported Housing Property Bonds

Call for downsize package in the UK to include no stamp duty

A Help to Buy style package that would include a stamp duty exemption should be introduced in the UK to help older home owners to downsize, it is claimed. It would have a dual benefit of not only allowing over 65s to live in more suitable homes but also to free up housing stock for first time buyers and young families, according to a new report from McCarthy & Stone. It’s latest research has found that 22% of adults aged 65 and over would be more likely to move if there was a stamp duty exemption for downsizers and it points out that this is equal to 2.6 million people and is a substantial increase from […]
August 27, 2018

London’s commercial property market is top draw for international investors

London has the most active commercial real estate market for global cross border capital despite Brexit with Asian investors in particular snapping up assets, new research has found. Overall some £5.6 billion was invested in London in first half of 2018 with the next highest in Hong Kong at £5 billion, followed by Paris at £1.9 billion. Asian investors dominate and accounted for £4.4 billion or 65% of investment of which Greater China led the way with £2.6 billion or 38%. There was £1.8 billion or 27% from other Far Eastern nations, with £906 million of that from Singapore and £790 million from South Korea. The report from international real estate firm Knight Frank says that […]
August 23, 2018

Research suggests more people in UK want to become landlords

Almost one in 10 UK adults have shown an interest in taking out a buy to let mortgage this year which indicates that the buy to let sector could see growth in 2018. According to new research from Sainsbury’s Bank Mortgages some 9% are considering a mortgage of this type and if that happened then millions could become landlords. Of those taking out or considering a buy to let mortgage, some 35% said a change in income had inspired them to do so, while 29% said they remain encouraged by the current opportunities to enter the buy to let market. Some 25% revealed they were considering a buy to let mortgage after receiving an inheritance which […]
August 21, 2018

Almost one in five landlords say they are in the business for the long term

Almost one in five landlords intend to remain in the buy to let market in the UK indefinitely, with the same number of portfolio landlords having a similar outlook. Unperturbed by recent regulatory and tax changes, 18% of landlords said they would expect to remain a landlord indefinitely and 19% of landlords with four properties or more said the same. This is the same across the age groups with one in 10 landlords aged 18 to 34 intending to continue indefinitely, rising to 17% of those aged 35 to 54 and 20% of those aged 55 and over, according to the latest sentiment research from Foundation Home Loans. At a regional level, some 24% of landlords […]
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