Direct Property News

June 18, 2020

Property for sale: England housing market sees record demand with 40,000 new sales agreed

PROPERTY sales in England’s housing market are almost back to normal following the reopening of estate agents last month. New figures from RightMove reveal record levels of interest as well as higher asking prices compared to pre-lockdown. Homeowners were fretting about a property market crash due to the coronavirus pandemic, but new figures suggest that it is already bouncing back. Though there was a 94 percent drop in sales while estate agents and viewings were put on hold, the housing market has made an impressive recovery in just over one month. The market reopened on May 13 and has already sparked thousands of sales to go through as the nation gets back on the move, with […]
June 16, 2020

Buy-to-let a solid investment compared to commercial

Buy-to-let is currently a stable investment choice compared to commercial, offering a typical yield of 5%, research from Sourced Capital shows. The peer-to-peer lending platform looked at the average annual return on £500,000 across buy-to-let and commercial markets – a typical buy-to-let would return you £153,480 over five years based on its calculations. The North East of England is said to be the best area to buy, with a yield of 5.5%, followed by the North East (5.0%) and Yorkshire and the Humber (4.8%). On average commercial property is expected to net a return of 2.2%, though the average is skewed own by commercial retail, which is expected to lose you 6.2% per year. Elsewhere commercial […]
June 12, 2020

A market in recovery?

On May 12, the Secretary of State for Housing, Communities and Local Government Robert Jenrick announced the re-opening of England’s real estate market, after seven weeks of it being effectively on hold due to social distancing measures. Certain lockdown measures were lifted, ensuring onsite valuations and viewings could once again take place. Almost immediately, estate agents and listing websites recorded a significant spike in interest coming from prospective buyers, eager to consider a residential purchase now that restrictions had been eased. But, does this renewed activity symbolise the beginning of a house price recovery? A short-term drop Let’s be realistic—a short-term dip in property prices as a consequence of COVID-19 is unavoidable. COVID-19 has brought the […]
June 10, 2020

Surge in student property investments

Investment in student property has surged by 8% in the North West, Mistoria Group research shows. The largest increase in investment came from Turkey which accounted for 20% of the growth, followed by UAE (14%) and Hong Kong (11%). Mish Liyanage, managing director of The Mistoria Group, said: “Over the last 12 months, we have seen a sizeable increase in international investors’ appetite for student accommodation. “They are attracted to the UK because of the relatively low-cost student property on offer and the excellent net yields that range between 12% and 15% in the North West. “Higher education is a worldwide demand and universities in the UK offer some of the best courses. Towns and cities […]
June 8, 2020

Buy-to-let market sees ‘early signs of recovery’

There are 280 more buy-to-let products available now than there were at the start of May 2020. Buy-to-let product choice is beginning to increase and some higher LTV rates have been reduced, according to the latest research from Moneyfacts, who says there are “glimmers of hope emerging” for the market following the initial impact of the coronavirus pandemic. Overall, there are 280 more buy-to-let products available now than there were at the start of May 2020. The product choice at 75% LTV has increased by 46 two-year fixed rate deals and 54 more products are available in the five-year fixed rate bracket. The picture at 80% LTV is similar, with this traditionally smaller sector increasing by […]
June 4, 2020

Liverpool and north-west get highest yields in UK for buy-to-let investors

New research reveals a continuing north-south divide in rental yields for landlords. So where are the best locations for buy-to-let investors to target? Online mortgage broker Mojo Mortgages has revealed how postcodes across the UK are currently performing in terms of buy-to-let yields for landlords. The company conducted its research between 18th and 25th May, so it reflects the up-to-date situation taking coronavirus into account. The findings, which used UK Land Registry, Zoopla, On The Market and Property Data figures, revealed Liverpool as the UK’s top performer. Postcodes in the north-western city appear several times in the top 20 list, making it the highest-yielding location overall. It is also one of the most desirable UK hotspots […]
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