Direct Property News

January 21, 2021

London property prices hold up for investors

London flat and maisonettes have risen by 9.0% on last year to £442,304, according to Herddle analysis of government data. The average price of all types of London properties has risen by 9.7% over the last despite the pandemic and the economic impact of Brexit. This compares to inflation of just 0.8%. Corey Cumins, chief executive of Herddle, said: “Investors and landlords who held their nerve AND held onto their flats have been rewarded with some remarkable performance. Prices of flats and maisonettes have risen by 9.0% and that’s way ahead of inflation. “Looking ahead, it’s reasonable to expect more economic volatility – as both Brexit and new strains of COVID bite into companies, wages and […]
January 14, 2021

Buy-to-let: UK property investment hotspots in 2021

Experts reveal the places where landlords and property investors could make a tidy profit in 2021. To describe 2020 as a strange year for the UK’s property market would be something of an understatement. The Covid-19 pandemic brought everything to a grinding halt early on and many feared a housing crash was ahead. But surprisingly to many, the reopening of the market brought a surge in both sales and rental activity, with a clear change in priorities for both groups after months spent cooped up in their homes. It also revealed that in the third quarter of 2020, 16% of landlords said were planning to buy a property in the next year, up from 13% during […]
January 14, 2021

Detached properties see highest price growth in 2020

Detached homes saw the highest rate of annual house price growth of all property types in most regions of the UK last year, research from property portal OpenBrix has found. After the property market reopened following the initial national lockdown, UK buyers scrambled to buy bigger homes with more outdoor space. The value of detached properties climbed by 6.8% annually in December across the UK. Terraced homes were the next most popular with property values climbing 6.1% in the last year, while semi-detached houses saw an increase of 5.4%. Adam Pigott, chief executive of OpenBrix, said: “To see detached homes top the table across almost all UK regions where price appreciation is concerned highlights the considerable […]
January 7, 2021

Property market staying open during lockdown – first reactions

The property market will continue to run despite the government introducing new lockdown measures. Prime Minister Boris Johnson has instructed people to stay at home where possible, while schools and non-essential shops have been closed. However viewings are still possible, while surveys are still being allowed to go ahead. Tomer Aboody, director of property lender MT Finance, said: “Unlike the first lockdown, estate agents remain open for business and both sellers and buyers are still keen to proceed with their transactions. “With lawyers, valuers and agents all still working, this should limit any further delays to transactions. “It is now down to the comfort level of sellers in terms of allowing potential buyers in to view […]
January 5, 2021

Insight – how will the property market look in 2021?

It wouldn’t be the start of a new year without predictions for the 12 months to come. And the forecasts from property experts continue to roll in, despite Covid-19 making it very difficult to look too far ahead. After a tumultuous 2020, forecasts for the future of the new homes industry fluctuate between optimism and concern, but confidence is gradually being reinstated with the start of the vaccine rollout across the UK. Here, in an attempt to cut through the statistics and shed some light on the current state of play, leading experts from the industry look into their crystal globes with their predictions for the year ahead. Jim Wood, managing director at Barratt London “2021 looks set to […]
December 30, 2020

House price growth hits six-year high of 7.3% in 2020: Nationwide

Annual house price growth accelerated further in December, reaching a six year high of 7.3%, up from 6.5% in the previous month, according to the latest Nationwide house price index. Prices rose by 0.8% month-on-month, after taking account of seasonal effects, following a 0.9% rise in November. House prices ended the year 5.3% above the level prevailing in March, when the pandemic struck the UK. Additionally, all regions saw a pickup in house price growth rates in Q4, within a fairly narrow range of 5% to 9%. The East Midlands was the strongest region in 2020, with prices up 8.6% over the year. Robert Gardner, Nationwide’s chief economist, said: “The resilience seen in recent quarters seemed […]
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