Direct Property News

December 13, 2016

Private housing stock now valued at £5.6tr

The latest research by Halifax has found that privately owned housing stock in the UK has soared in value by £1.9tr (or 51%) to over £5.5tr in the last ten years. The average value per household in the UK now stands at £241,682, up from £173,837 in 2006 – representing an increase of £67,845. This increase has been driven by a 51% rise in the average house price and the stock of privately owned homes expanding by 1.8 million, from 21.3m to 23.1m.
December 13, 2016

Planning fee increase would help improve home building applications in UK

Planning cuts make the UK Government’s housing targets impossible to meet, according to the vast majority of local authorities who also want to see a rise in fees. Nearly 90% of local authorities believe that a cash injection is needed as their resources are not sufficient to meet the target of a million new homes by 2020, according to new research. The research from the Federation of Master Builders (FMB) and the Local Government Information Unit (LGiU) is the first of its kind to draw upon the experience of both local authorities and SME house builders from right across the UK.
December 12, 2016

Rents set to increase by 15% by 2020?

UK rents are expected to rise much faster than property prices over the next three years, according to the chief operating officer of one of Britain’s leading property franchises. Dorian Gonsalves of Belvoir, suggests there will be a 15% increase in rents by 2020. This, he feels, is due to, ‘a raft of recent anti-landlord Government policies in the past year,’ though he notes the rent rises will vary depending on region.
December 12, 2016

Property investors ready to get into build-to-rent sector. Big time

The UK’s build-to-rent sector is probably the country’s property winner for 2016 and the coming year is set to be even better as investors and developers alike are showing confidence in the sector. The Government has already made its support for the sector very clear, and investor are also showing interest despite the Brexit decision and any economic uncertainty that may come with that. JLL recently revealed in a report that investors as well as developers continue to recognise opportunities in the country’s build-to-rent sector. For investors, one of the main turn ons is the security of rental income in London and regional cities the market brings with it.
December 9, 2016

House prices grew faster in November, Halifax says

For the first time in eight months, annual growth in UK house prices accelerated, lender Halifax revealed with its latest figures. The report states that property prices have risen by 6% compared to one year ago, meaning the cost of a typical home is now at £218,002. Nationwide, Halifax’s House Price Index rival, only attributed November a growth of 4.4%.
December 9, 2016

New rental listings in UK up by almost 7% in November

New rental listings increased by 6.8% in the UK in November, the second month in a row of positive growth, with almost 60% of towns and cities seeing a rise, the latest data shows. Four cities recorded triple digit increases in new rental supply, including Bristol which was up 162.7% compared to October but London recorded a fall of 1.2% in new buy to let properties on the market.
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