Direct Property News

December 19, 2016

Estate agents expect UK property sales to be steady in 2017 and prices mostly unchanged

Residential property sales in the UK expected to remain steady in in the UK in 2017 and first time buyers will find it easier to get on the housing ladder, according to estate agents. After a year of political surprises and economic uncertainty almost half of estate agents, some 43%, believe that prices will stay the same over the coming year, the latest research from the National Association of Estate Agents (NAEA) shows.
December 19, 2016

City house price growth predicted to see 4% rise in 2017

The latest Hometrack UK Cities House Price Index has revealed that house price growth in London has fallen to 7.6%, the lowest level for 39 months, as affordability pressures and multiple policy changes aimed at investors weaken demand.
December 15, 2016

Residential confidence helping to steady the property and construction sector

The property sector in the UK is showing resilience in the face of a tumultuous year, with confidence in the residential sector the strongest, according to new research. Indeed, some 74% of senior executives in the in the property and construction industries surveyed by investment management and tax group Smith & Williamson regard residential property as a strong five year investment, a 10% rise from 2015. The survey also shows that 62% are confident in the outlook for the residential sector whilst over half, some 54%, had confidence in the commercial sector.
December 15, 2016

Parts of London seeing strong demand in sales and lettings

There has been a lot written about the slowdown in the London real estate markets since the UK voted to leave the European Union, but new research shows some locations are seeing robust demand. Among them is the residential market in the Canary Wharf area where property firm JLL report strong sales and lettings demand with a good supply of properties coming on to the market, ensuring continued stability in the face of ongoing political and economic uncertainty.
December 14, 2016

UK has highest property taxes in developed world

The squeeze by the Government on home owners and business premises means Britain has the highest property taxes in the developed world, it has been revealed. Analysis by the Organisation for Economic Co-operation and Development (OECD) shows property taxes accounted for 12.7pc of the total tax burden in 2014, the latest year for which data are available. This is up 0.3 percentage points compared with 2013 and is more than a percentage point higher than in 2011.
December 14, 2016

What makes the average landlord tick?

New research from the Council of Mortgage Lenders has revealed significant insights about landlords’ profile, motivations, and plans for the future. The research, by Kath Scanlon and Christine Whitehead of the London School of Economics, broadly finds that private sector individual landlords – whether landlords with buy-to-let mortgages or other landlords – are adopting an “even keel” mentality.
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