Direct Property News

February 3, 2021

Manchester’s housing market remains resilient during COVID-19 pandemic

With a resilient construction sector and as a strong business location, Manchester’s housing market is continuing to see strong growth as further investment comes to the city. In the past few years, there has been substantial amounts of investment in commercial and residential developments across Manchester. Additionally, with a resilient and growing job market, this has made it an especially desirable city for businesses and professionals. Despite the challenging year surrounding the COVID-19 pandemic, Manchester has remained resilient and will likely see additional growth in the coming years. Strong housing market With the stamp duty holiday and changing priorities, Manchester’s housing market has remained busy since the summer last year. The Northern Powerhouse has seen house […]
February 2, 2021

Top of the agenda: keeping property investment on the map in 2021

At first glance, Brexit’s Christmas climax appears to have had little effect on the appetite for UK property investment, which is forecast to account for a third of all property investment in Europe in 2021. However, the landscape of the UK property sector is still evolving significantly. London’s first fall in population since 1988, for example, is a sign of things to come. There are various factors which property investors should bear in mind if they are to buttress their chances of success over the next twelve months. Rental has gained a new lease of life thanks to the pandemic, and investors can ill-afford not to equip their rental offerings with the latest tech. Meanwhile, existing […]
January 29, 2021

How the pandemic was an unexpected boost for the North East housing market

A decade after the North East saw a record low number of new homes being built, housebuilding in the region is positively booming. In 2010, just 4,510* new homes were built in the North East. This was a knock-on effect of the 2008 crash when many housing developers abruptly stopped buying land. New homes numbers have risen very slowly since then – reaching 8,870* in 2019, which almost matches the last peak seen in 2007 of 8,920* homes. It is rational to assume that the economic impact of the pandemic and its threat to people’s jobs would have dampened the housing market. Yet quite the opposite has transpired. Why? Well, a number of different factors have […]
January 28, 2021

UK named top hotspot for property investment by overseas investors

Overseas investors ranked the UK as the best residential property investment hotspot for 2021. What makes investing in UK property so appealing? For a number of years, the UK property market has been a prime target for overseas investors, and this has continued at strong levels. Property investors from Asia, Europe and the US have particularly seen UK property as a solid investment choice in the past few years. Recently, the UK was even named the top global property investment hotspot in a survey by international law firm DLA Piper. Of the 500 high-net-worth investors and asset managers surveyed, 33% said they wish to invest in UK property during 2021. Investors headquartered in China and the […]
January 25, 2021

House prices hit record highs as ‘unnecessary fear’ of Brexit fades and market booms

HOUSE PRICES in the UK have consistently hit a record high since August as the ‘unnecessary’ fear and uncertainty around Brexit has significantly faded, according to one property expert. The UK property market enjoyed a mini boom in the second half of 2020 as the country eased out of lockdown and things were looking up, which came as a surprise to many. But since then, the situation has massively changed. Britain has seen another two lockdowns, a new variant of the virus and a Brexit deal that very nearly didn’t happen. With all this uncertainty, one would think this would be detrimental to the property market, but that’s not been the case according to one property […]
January 21, 2021

London property prices hold up for investors

London flat and maisonettes have risen by 9.0% on last year to £442,304, according to Herddle analysis of government data. The average price of all types of London properties has risen by 9.7% over the last despite the pandemic and the economic impact of Brexit. This compares to inflation of just 0.8%. Corey Cumins, chief executive of Herddle, said: “Investors and landlords who held their nerve AND held onto their flats have been rewarded with some remarkable performance. Prices of flats and maisonettes have risen by 9.0% and that’s way ahead of inflation. “Looking ahead, it’s reasonable to expect more economic volatility – as both Brexit and new strains of COVID bite into companies, wages and […]
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