Direct Property News

December 16, 2020

2021 house price growth to reach 4%

House prices should inflate by 4% in 2021, Rightmove’s House Price Index found. The firm said housing will be a high priority for people but price rises for newly marketed properties should be more modest than this year. Prices this year have jumped by 6.6%, while the first quarter of next year is expected to be very busy due to the stamp duty deadline. After that however it’s expected that things slow down, though cheap mortgage rates should continue to support the market. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “Interestingly, Rightmove is forecasting solid price growth for 2021, despite activity clearly slowing as 2020 draws to a close. “At the […]
December 14, 2020

House prices: No deal Brexit ‘won’t impact property market as much as people think’

HOUSE prices in the UK have been stable and buoyant in recent months, despite the coronavirus pandemic. However, with a no deal Brexit potentially on the cards, an expert has warned that leaving the EU without a trade deal in place could impact house prices in London but won’t impact the property market as much as people think. The deadline for a post-Brexit trade deal is fast approaching, with the possibly of a no deal now firmly on the cards. Today, European leasers have said a trade deal between the UK and EU is unlikely to be agreed. The EU and the UK have been locked in intensive talks for weeks, with fishing rights and competition […]
December 10, 2020

Build-to-rent sector continues to show resilience with record investment

Throughout 2020, the build-to-rent sector has shown its strength, seeing record investment. What makes build-to-rent so appealing for both investors and tenants? Despite the challenges 2020 has brought with the COVID-19 pandemic, the build-to-rent sector has shown resilience. During the third quarter of 2020, £1.84bn was invested into the build-to-rent sector, according to analysis from Savills. This is the strongest single quarter of activity on record. COVID-19 caused disruption to the sector as lockdown restrictions and social distancing guidelines limited the ability to make progress on developments. However, activity returned to the build-to-rent market quickly as the construction sector adapted to new measures and guidelines. Even with this slowdown, the build-to-rent sector saw £3,097m of investment […]
December 8, 2020

Property market expected to start 2021 with a bang

With pent-up demand after lockdown and news of a Covid-19 vaccine, the UK property market should expect a promising start in 2021,  property developer GRE Assets has predicted. With offices in the UK, Spain and the Middle East, GRE Assets has an international perspective of the impact the global Covid-19 crisis has had on the UK property market. Michael El-Kassir, managing director of GRE Assets, explains what the company has experienced in the latter half of 2020 and how he believes this will inform the market as we approach 2021. He said: “With the imposed lockdown restrictions meaning people have spent much more time at home this year, we believe this has led to a distinct […]
December 4, 2020

Revealed – what does 2021 hold for the student market?

As we get ever closer to leaving 2020 behind (and many might be happy to write this year off entirely), thoughts naturally turn to what 2021 will bring. What will the rental and student markets look like? What impact will Covid-19 continue to have? And will Brexit cause damage to the rental sector in major UK cities, where EU citizens studying and living here are typically more likely to rent? Lydia Jones, the founder and chief executive of recently launched Manchester-based student accommodation booking platform Housemates – whose progress we’ve followed for the last 18 months or so, since its early days as a start-up competing in tech entrepreneur competitions – aims to answer some of […]
December 1, 2020

The UK house price boom will continue into 2021 – here’s what this means if you’re buying or selling

The UK property boom is showing no signs of abating, and 2021 is unlikely to see a sharp fall in house prices. What does the latest market forecast hold for potential buyers and sellers? There has been much speculation over the past few months about just when the current UK house price boom is finally going to end. The by now familiar narrative is that 2021 will start seeing a decline in house prices and a decrease in house sales as people begin losing interest in moving house after the end of the stamp duty holiday in March. Is the latest property market research bearing out this prognosis? Broadly speaking, yes – but the devil, as ever, […]
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