Direct Property News

August 21, 2017

UK Rental growth doubles

According to Countrywide, the UK’s largest estate agency and property services group, the annual rate of rental growth in Britain doubled from 1.1% to 2.2% between June and July. The increase has been caused by a turnaround in the London market, the group said. The figures are especially surprising as they mark the end of eight consecutive months of falling rents in London. Countrywide’s Monthly Lettings Index for July 2017 cited that this turnaround was caused by the sudden drop of available properties to rent in the capital. “The steady fall in the number of homes available to rent in London has been driven by a drop in the number of landlords buying since the new […]
August 4, 2017

Twenty years on:house prices in nine London boroughs have risen by more than 500 per cent in two decades

The biggest increase in UK house prices over the past 20 years continues to be seen in the capital, with nine London boroughs in the top 10 areas for price rises since 1997.   The scale of transformation across east and south-east London over the past 20 years continues to be reflected by soaring house prices in these rapidly-changing parts of the capital.   New transport links, rising demand and lack of affordable housing supply means today’s would-be home buyers are facing prices up to eight times higher than they were two decades ago, according to new research by Halifax which reveals the 10 areas where property prices per square metre have risen the most since 1997. […]
August 4, 2017

Government fund announced to release land for new homes in the UK

The British Government has launched a £54 million fund to transform local communities and release land for thousands of new homes.   The Land Release Fund is in partnership with the Cabinet Office and Local Government Association’s One Public Estate programme to ensure local councils release some of their unused or surplus land for housing. This will help to meet the ambition to unlock enough council owned land for at least 160,000 homes by 2020.   Councils can now bid for funding for land remediation and small scale infrastructure, which will help bring sites forward for housing that would not have otherwise been developed.   Alongside this, One Public Estate is making £9 million funding available […]
August 4, 2017

Build-to-rent during 2017’s second quarter – in 5 charts

The British Property Federation (BPF) has put together its quarterly overview of the build-to-rent sector, including its build-to-rent map giving an overview of all developments in the UK.   The BPF has put together a detailed overview of what’s been happening during Q2 of this year in the country’s build-to-rent market.   As a growing sector, build-to-rent has become instrumental in order to fix Britain’s housing crisis.   Build-to-rent is the part of the UK’s property market where homes are purposefully built in order to be rented out and owned by institutional investor. They are usually managed by specialist operators, often with on-site management teams.   Here are some of the key findings from the BPF […]
August 4, 2017

Rents in England and Wales increase by 1.6%

Rents within the private sector went up by 1.6% between May and June in England and Wales and have now reached an average of £827 per month, the latest data reveals.   The buy-to-let index put together by Your Move showed that rents either remained the same or increased in all areas across England and Wales from May to June. The North West and West Midlands saw the biggest rise with 0.3% (bumping prices up to £629 and £609 respectively).   In Yorkshire and the Humber, the East Midlands and the South East rental prices experienced an increase of 0.2%. However, on an annual basis Wales noticed the biggest growth in rents as costs increased by […]
August 4, 2017

Biggest Build to Rent development in UK gets £65 million Government boost

The biggest development of homes built specifically for the private rented in the UK is set to receive a £65 million boost from the Government.   With the country needing over a million new homes in the coming years, the Government believes that Build to Rent can provide a large number of them, especially in locations like London.   Now a development of 7,600 high quality new homes at the Wembley Park development in Brent, one of the largest strategic regeneration projects in the UK, is to get the multi million pound boost.   According to Housing Minister Alok Sharma, the development, which will have at least 6,800 home to rent, will offer more choice for […]
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