Direct Property News

February 8, 2018

Average UK rents hit record high

New figures from Landbay have revealed the average cost of renting a home is now rising across every UK region for the first time in almost two years. Rents grew by an average of 0.07% in January, marking what is expected to be the start of a year of sustained rental growth for the UK. According to the report, the average UK rent now stands at a record £1,198 per month, a 0.66% increase on this time last year. While rents in the capital (£1,876) remain around 2.5 times the rest of the UK (£760), this is still £16 a month shy of the £1,893 record set in May 2016. Much has been made of the […]
February 1, 2018

Annual UK house price growth increased unexpectedly in January

There was an unexpected pick up in annual house price growth in the UK in January with the latest index showing a rise of 3.2% compared to 2.6% at the end of 2016. The data from lender the Nationwide also show prices increased by 0.6% month on month, taking the average price of a home to £211,756. ‘The acceleration in annual house price growth is a little surprising, given signs of softening in the household sector in recent months,’ said Robert Gardner, Nationwide’s chief economist. But he does not believe it is a sign of a sudden boom as surveyors report that new buyer enquiries have remained soft in recent months and activity has been subdued […]
January 30, 2018

Signs of recovery as a third of London saw property price hikes in 2017

Despite the rather bleak report from Nationwide revealing that London house prices fell last year for the first time since the financial crisis, new detailed research shows a third of homes in the capital actually bucked this trend. In fact, according to independent London estate agents, James Pendleton, around 33% of postcodes in the capital saw prices continue to rise over the same period, suggesting it’s not all doom and gloom for London homeowners. The Nationwide House Price Index reported that house prices fell 0.5% on average during 2017, however asking prices increased by at least 5% in more than one in 10 (12%) of the capital’s postcode districts last year. In total, great swathes of […]
January 29, 2018

UK is now the most popular global location for commercial property investment

The UK is now the most popular location globally for commercial real estate investment with Germany losing favour as a commercial property hotspot, the latest research suggests. Britain’s popularity among investors increased from 27% in the third quarter of 2017 to 29% in the fourth quarter and the United States and France have also gained popularity among investors. Indeed, Germany has gone from the top spot to fourth place behind the UK, the US and France, according to the latest commercial property investment barometer from BrickVest. Germany saw a drop in popularity from 34% to 23% in the last quarter of 2017, marking its lowest rating since the second quarter of 2016. The UK, however, rose […]
January 24, 2018

Average rents rise in December

The latest data and analysis from HomeLet has revealed that the private rental market ended 2017 with rental price inflation moving marginally higher. According to the report, rents in the UK rose by an annualised average of 1.7% during December, reaching £907 compared to £892 in the same month of last year. Rental price inflation was much more stable over the course of 2017; by contrast, rents in 2016 regularly rose at an annual rate of more than 4% in the first half of the year, before rental price inflation dropped back in the second half. Rental price inflation remains modest by recent standards. In December 2015, rents were up 3.7% on the same month of […]
January 23, 2018

Latest analysis reveals further stability in prime central London property market

There are further signs of stability in the prime property market in central London but values are still 3.5% below a year ago, the latest research shows. House prices across prime London continued to soften over the last quarter of 2017 but in the central markets values may be bottoming out, following three years of price falls, according to the market in minutes report from real estate firm Savills. However, the analysis points out that other more domestic parts of the prime London market are under pressure from fragile buyer sentiment. Outside of prime central London, where the average value is just below £2 million, prices fell 1.2% over the fourth quarter of 2017 and are […]
parallax background