Direct Property News

November 23, 2016
castle-1374916_1920

UK house price sentiment stable after Brexit vote low

Households across the UK are more optimistic about property prices than they were just after the country voted to leave the European Union, the latest sentiment index shows. The House Price Sentiment Index (HPSI) from Knight Frank and IHS Markit has been above 50 for four months in a row following a low recorded in July although November’s reading was a slight decrease from the 55.7 recorded in October but looking ahead the outlook is even more positive. November is also the second consecutive month during which household perceptions eased, but the index report says this mirrors the wider trend in house price growth since the referendum vote and suggests stability but there is north/south divide.…
November 22, 2016
london-140785_1920

Top agency says government seen as anti-landlord, pure and simple

More than 92 per cent of landlords believe the government is anti-landlord and want the Chancellor to back them in this week’s Autumn Statement. A snap survey conducted by Martin & Co – the UK’s largest lettings and property management franchise business with 190 offices – reveals the anger felt by the majority of landlords surveyed by the agency.
November 22, 2016
cabin-1763512_1920

Further calls for government to cut stamp duty

There have been further calls for the government to scrap recent changes to stamp duty today as the latest reseach from Stirling Ackroyd suggests that stamp duty must be cut to get the property market moving. According to the report, house prices at the top of the London property market have been hammered by George Osborne’s stamp duty reforms, with the west London enclaves of Kensington and Notting Hill – the former Chancellor’s home – seeing the biggest price drops.
November 21, 2016
building-1149413_1920

House price growth flattens in October

According to the latest data released this morning from Halifax, house prices in the three months leading to October are 5.2% higher than in the same period a year earlier. This compared to 5.8% in September and continues the downward trend seen over the past six months after the annual rate reached 10.0% in March. October’s 5.2% is the lowest yearly growth rate since July 2013 (4.6%).
November 21, 2016
js52672258

Survey suggests stamp duty is significant barrier for first time buyers

Would be first time buyers believe that not having to pay stamp duty would make buying a home more affordable as the property tax is a significant barrier to doing so, a new poll shows. Some 60% of those looking to get on the housing ladder in the UK said paying no stamp duty would make it more likely they could buy their first home while 22% said it would not make a difference, according to the YouGov survey for Yorkshire Building Society.
November 18, 2016
js60725005

Remortgages drive growth in UK home lending market

Gross mortgage lending in the UK held steady in October but is being driven more by remortgages than new buyers due to a lack of supply in the current housing market. It reached an estimated £20.6 billion, according to the latest figures from the Council of Mortgage Lenders and closely matches September’s gross lending total of £20.5 billion, but is 5% lower than October last year when it was £21.8 billion.
Restricted Content
The contents of this website are intended only for investors from certain qualifying classes (“High Net Worth Individuals” and “Self-Certified Sophisticated Investors”). To access the full contents of the site you must first register in one of these categories.
Please confirm that you are a suitable investor before proceeding. If you are unsure whether you meet the specific criteria or not, you can check the definitions here.
Will be back soon