Direct Property News

February 25, 2021

What does Boris Johnson’s COVID roadmap mean for the property market?

On 22nd February, Prime Minister Boris Johnson announced the government’s four-part roadmap to loosening COVID-19 restrictions. How is this expected to impact the property market? England’s third national lockdown started on 6th January. With the number of COVID-19 cases decreasing, Boris Johnson announced his four-part roadmap to lift the lockdown restrictions. The gap between each stage of the easing of restrictions will be at least five weeks. However, certain conditions must be met before proceeding to the next stage. With the vaccination program in full swing, Boris has said all legal limits on social contact could be removed by 21st June. Firstly, lockdown restrictions will begin to ease on 8th March. This is when schools will […]
February 23, 2021

The big question – is buy-to-let still worth investing in?

In recent years, buy-to-let investors and landlords might feel as if they have been deliberately targeted, with changes to mortgage interest tax relief, the introduction of stamp duty surcharges, and a seemingly endless range of new legislation and regulation to contend and comply with. Which begs the question – is buy-to-let still worth investing in? Here, Stuart Williams, founder and chief executive of buy-to-let and off-plan property investment company Thirlmere Deacon, explores more. Rewarded by strong house price growth According to Williams, over the past 10 years, investors who have purchased a buy-to-let property in southern cities such as London and Oxford have reaped the rewards of considerable house price growth during that period. “Those who […]
February 18, 2021

A quality property will always market itself – so why change the ‘BTR’ name?

January 7 2021 marked the launch of a new national committee, supported by The UK Apartment Association (UKAA), looking to improve the image of the Build to Rent (BTR) sector among residents, policymakers and investors. One of its initiatives is to look at whether the BTR name resonates with the general public and if not, whether it needs to change. I don’t believe it does. With a mammoth £1.84 billion said to be invested into the sector, according to the British Property Federation (BPF), underpinned by a demand for BTR homes across the UK, it’s hard to understand why a sector performing so well – even under such difficult and unprecedented conditions – needs to change its name. […]
February 16, 2021

Landlords worried about Capital Gains Tax increase

Buy-to-let landlords are nervously eying the planned hike to Capital Gains Tax (CGT), which would drastically increase the amount they’d have to pay if they sold up, research from agent Barrows and Forrester has revealed. Nearly half (48%) of landlords are worried about the potential increase to CGT. The government’s Office of Tax Simplification recommendation would see higher rate taxpayers pay 40% on the profit they make from buy-to-let and second homes, up from 28%. James Forrester, managing director of Barrows and Forrester, said: “Buy-to-landlords have been hit hard by the government in the past few years, and now they have something new to worry about. “They’ve already had to cope with the 3% stamp duty […]
February 11, 2021

UK new-build sector continues to out perform the wider market

The latest research from new-build snagging company, HouseScan, has revealed where new-build home buyers have enjoyed the largest return on their investment in the last five years. HouseScan analysed new build house price growth across the sector and found that with a current average of £302,927, new build property prices across the UK have jumped 27% since 2015; comfortably outpacing the 20% increase seen across the existing market. This growth has been driven by the Midlands where new build house prices have climbed by 35% and 32% across the East and West Midlands respectively. London has seen the lowest rate of new build house price growth in the last five years. Despite this, new-build homeowners in […]
February 9, 2021

This is how much UK House prices will rise by in the next 10 years

You might want to hold off on putting that for sale sign up UK house prices are on course to rise by an astounding 17 percent over the next decade according to a bold new prediction by property buying service Good Move. This will bring the average UK house price to £279,641 by 2030, an increase from the current average of £239,927.  To put these numbers into perspective, the average house price in 1980, according to official data, was just £19,273 in 1980. This is an extraordinary increase of 1145 per cent in the past 40 years. If you’ve owned the same since the 80’s talk about a return on investment.   Housing market 10-year forecast […]
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