Direct Property News

July 24, 2020

UK Property: Increasing sales numbers provide evidence of housing market recovery

TODAY’S official figures confirm a surge in property sales in June and lend further evidence to a recovery for the housing market. The latest Residential Transactions report was released by HMRC this morning and contains details of the numbers of completed property sales in June. On a seasonally adjusted basis, the total number of homes sold in the UK last month was 63,25 which reflects a 31.7 percent increase on the number of property deals completed in May. However, this was 35.9 percent lower than in June 2019, when 98,670 homes were sold. Taken at face value, these figures show that a housing market recovery was well underway before the Stamp Duty Holiday in England was […]
July 21, 2020

Britain’s housing market sees post-lockdown mini-boom

With homes now back on the market, estate agents say inquiries are ‘through the roof’ Britain’s housing market is enjoying a post-lockdown mini-boom fuelled by this month’s stamp duty cut, pushing asking prices to a record high, according to the property website Rightmove. With homes throughout Britain finally able to come to market again, some estate agents are reporting that buyer inquiries “are through the roof”, with property deals going to sealed bids, as a combination of pent-up demand being released, homeowners rethinking their lifestyles and the stamp duty giveaway come together to create a surge in activity. “Britain is getting moving again,” said Rightmove. Its latest figures show that the average price of a property […]
July 17, 2020

“Strong and stable” demand for UK buy-to-let properties

More than two-thirds of mortgage brokers expect UK buy-to-let business to be either stable or growing over the next 12 months. What makes the sector so resilient to adversity? The latest research published by Paragon Bank shows a continued optimism among professionals within the buy-to-let industry. Despite the impact of coronavirus on the global economy, the results show that appetite within UK buy-to-let is still high. In a survey of UK mortgage brokers, 41% said they expected buy-to-let business to increase for them over the next year. More than a quarter (28%) said they expected buy-to-let mortgage demand to remain stable. Despite ongoing uncertainty caused by coronavirus, what remains unchanged is the need for rental property. […]
July 15, 2020

10 Top Property Investment Tips

Whether you are about to buy your first investment property or already have a sizeable portfolio, the following top property investment tips will help you to maximise the return on your investment. Property investment can be extremely lucrative, but it’s also a risky affair. Bad tenants, falling house prices, and over-exposure can all leave you with significant debts to pay. However, when you get it right, few investments are as rewarding as property, both in terms of finances and the lifestyle it gives you. So, without further ado, here are our top 10 property investment tips: 1. Buy In ‘Up And Coming’ Areas Nothing creates increases in the value of a property than a surge in […]
July 13, 2020

‘Regional Renaissance’ drives UK property market

National annual house price growth has stayed stubbornly below 5% for the last two years, charting just 2% in the year to September. With the headlines dominated by a lagging London market and apparently lackluster national price growth, it’s easy to be swayed by the negative outlook. But the downturn is the fault (at least in part) of the south east of England. Cities like Birmingham have routinely outperformed London. In the year to June, house prices in Birmingham grew by 5.6% — their slowest annual rate since December 2015 but still 1.2% above London growth for the same period . National house price growth might paint a negative overview, but there is opportunity for developers […]
July 8, 2020

Could the changes to UK planning laws lead to opportunities for investors?

In his major ‘new deal’ speech last week, where he stood in front of a lectern with the slogan of ‘Build, Build, Build’ and set out how the UK is going to recover from Covid-19, Boris Johnson outlined a number of proposed changes to Britain’s seven-decades old planning system. This included a relaxation of planning rules to make it easier for land and buildings to be converted quickly, with developers granted the ability to change vacant shops to homes, and builders able to demolish vacant shops and build homes in their place, without planning permission. New regulations will be implemented which will allow for buildings and land in town centres to change use without requesting planning […]
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