Direct Property News

June 3, 2020

What’s behind the soaring demand for rental property in the UK?

After a two-month pause, UK rental property has seen a resurgence in tenant demand. But supply is lagging behind, leaving a gap in the market for investment. Property portal Rightmove last week announced that it experienced its busiest day on record on Wednesday 27th May. More than six million visitors browsed the site, which was also an 18% increase on the same day last year. The data also shows that more than a quarter of people (28%) who’d had no plans to move before lockdown were now on the lookout. For the sales market, this certainly demonstrates a revival of interest. However, according to Rightmove, the rental market’s recovery has been even more significant than sales. […]
May 29, 2020

Property investors not deterred by coronavirus chaos, research claims

The latest research from Property Hub has revealed that a huge 98% of property investors still consider property to be a good long-term investment. Property Hub, which cites itself as the UK’s number one property podcast and one of the largest property communities in the UK, surveyed 1,731 of its members and found that sentiment remained incredibly strong. The property industry, like nearly all sectors, was plunged into chaos with the arrival of coronavirus, which saw many developers and housebuilders withdraw from site and lenders remove their most competitive products, leaving buyers in limbo as risks were reassessed. “Sentiment is an important factor with property,” Rob Bence, chief executive at Property Hub, said. “If sentiment is […]
May 28, 2020

Half of investors still confident in property market

Almost half (48 per cent) of UK investors still view property as a safe and secure asset in the midst of the Covid-19 crisis, new research has found. This is compared to just 12 per cent who do not and the remaining 40 per cent who are unsure, according to the survey, commissioned by property investment firm FJP Investment. Despite their confidence in the property market, the research found that there is some hesitancy around making new investments. 43 per cent of investors surveyed said they are not making major financial decisions until the pandemic has passed and one fifth who were planning on buying one or more properties this year will no longer be doing […]
May 27, 2020

No place but home: how Covid will change the property market

It took a trip to the Land of Oz to make Dorothy value her home. For the rest of us, it took a global pandemic. During the past two months, our residence — whether that be a mortgage-free house or shared rental flat — has become our entire world: office, restaurant, cinema, gym and shelter, all rolled into one. If we didn’t know the ins and outs of our quarters before, we do now. Many people have developed a more personal understanding of a market that has played a vital role in shaping the British economy for decades. Housing costs in Britain are some of the highest in the world, more than quadrupling since the 1970s. […]
May 22, 2020

Five questions for the future of the housing market

After effectively freezing the UK housing market when lockdown was implemented, the government has given the go-ahead for property viewings, moves and in-person valuations in England. However, few expect a quick bounce-back in activity, with safe working protocols adding complexity and cost to proceedings and the extent of the longer-term economic downturn still unclear. Here are some of the key questions investors should be asking about the future of the property market. Are we likely to see a downturn in house prices? The consensus within the property industry is that UK house prices will fall this year, but forecasts vary significantly over how large that decline will be. At the more pessimistic end, the Centre for […]
May 20, 2020

Investors continue to eye up UK property market through lockdown

In today’s technology-driven world, activity in the fast-moving UK property market continues behind the scenes. Here’s why investors can use this time to “get their ducks in a row”. Despite a difficult end to the first quarter of 2020, activity has already begun to return to the sector. And while transactions may be carrying on at a much slower pace, people and businesses are finding ways around the barriers to keep the market moving. For many property investors, now is a prime time to continue their property research. According to buying agent Hannah Aykroyd, most property searches take between two and six months. This normally involves extensive research of a location as well as property specifics. […]
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