Direct Property News

November 14, 2016
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UK Government announces £18 million fund to speed up new home building

The UK government has confirmed a new £18 million fund to speed up house building on large sites in England and that it says will provide thousands of new homes where people want to live. From today councils can bid for a share of the ‘capacity fund’ to tackle planning issues that can cause delay and prevent builders from getting on site and starting work quickly. Housing Minister Gavin Barwell said the money will help accelerate delivery of up to 800,000 homes and infrastructure across large sites in England and is part of a wider package of measures to increase the number of much needed homes in local areas.
November 14, 2016
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Brexit will affect UK house prices but not sales, confidence index suggests

Confidence in the UK housing market has fallen to its lowest point in three years as many think Brexit will affect residential property prices, new research has found. It means that house price optimism is now at its lowest since June 2013 although consumers believe the referendum result will have a minimal impact on buying and selling, according to the latest Halifax Housing Market Confidence Tracker.
November 11, 2016
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Trump Win Could Boost Prime Central London Property Market

Yesterday’s Trump win in the US presidential election could provide a welcome boost to the prime central London property market, according to recent research. The latest study by online estate agent eMoov.co.uk found that demand in the prime central London property market has risen by 11% since August, now standing at an average of 10%. Trump’s surprising victory could further this apparent resurgence in the prime central London property market, as Americans may begin to look across the pond at potential investment opportunities.
November 11, 2016
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Lenders and brokers call for a more cohesive UK housing policy

Lenders in the UK feel there is no cohesive housing policy and not enough backing for private house building, social housing and shared ownership, a new survey has found. Constant ministerial reshuffles are negatively impacting on housing policy and brokers and lenders would like to see more consistency as the current situation is adversely affecting the mortgage and property markets, according to the latest member survey from the Intermediary Mortgage Lenders Association (IMLA).
November 10, 2016
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House prices experienced biggest rise since March

According to Halifax’s latest house price report, October saw a house price increase of 1.4%, making it the biggest monthly rise since March. After Nationwide published its more pessimistic outlook on property prices recently, Halifax has now published its counterpart giving a more positive feedback for October 2016.
November 10, 2016
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Trump, Brexit & the UK’s Property Market – Dilemma or Opportunity?

So far, 2016 has been a year of change; Stamp Duty, Brexit, May and Trump, to name but a few. And whether you like it or not, these changes may have an influence on the UK’s property market. Interestingly enough, the Brexit discussion and Trump’s presidential campaign shared a lot of topics like free trade, immigration, inflation, tax and healthcare. And comparing the two events, the UK’s decision to leave the EU and Trump’s victory during the presidential election in the United States, has already been done on multiple occasions.
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