Direct Property News

December 7, 2016

House price growth increases for first time in eight months

The latest data from Halifax has revealed that the annual rate of house price growth has risen from 5.2% in October to 6.0% in November – the first rise in 8 months. According to the report, house prices in the three months to November were 6.0% higher than in the same three months of 2015. On a quarterly basis, prices in the last three months (September-November) were 0.8% higher than in the preceding quarter.
December 7, 2016

Massive build-to-rent development announced for all over UK

The British Government has confirmed a new multi-million pound deal in order to provide more than 2,000 quality new homes across key cities in the UK. The £400 million development is one of the largest investment in the private sector across Britain and will receive a total of £45 million from the Government’s Home Building Fund. The fund makes money available to kick start new development and housing. Overall, 2,062 new homes are being planned. Out of the lot, 995 will be in Manchester, 744 in Leeds and 323 in Birmingham. “Alongside home ownership, we’re determined to create a bigger, better private rental market to offer greater choice for tenants in a country that works for […]
December 7, 2016

Manchester’s revival is leading the North’s property explosion

The Northern Powerhouse, and especially Manchester, has had one busy 2016: Airport City has seen an £800 million investment, the Sir Henry Royce Institute for Advanced Materials managed to bag another £235 million and The Factory, the city’s new art hotspot adds another £110 million to the list. On top of that, the city’s population is currently at 2.8 million with forecasts estimating it to surpass three million by 2035. Predictions for employment suggest a growth of 3.8% between 2015 and 2020 and 10,300 new homes are required every year until 2035, the Telegraph reported.
December 7, 2016

Property investors ready and willing to get involved in UK Build to Rent sector

The UK’s Build to Rent sector is in good shape to see considerable expansion as real estate investors and developers regard it as a significant opportunity going into 2017. The Government has already backed the growth of the sector and there is strong support from those investing despite Brexit and economic uncertainty ahead of the official triggering of the process to leave the European Union which is due to take place by the end of March next year.
December 5, 2016

London house prices get the Crossrail effect

New research by Lloyds Bank has revealed that even though the new Crossrail route isn’t due to open until next year, homes close to stations are already seeing a price boost. The new service – named the Elizabeth Line – will begin operating in May 2017, although the full service stretching from Reading, in Berkshire, to Shenfield, in Essex, won’t be operational until December 2019.
December 5, 2016

Number of landlords still unaware of Stamp Duty surcharge

A Liverpool-based law firm has suggested that a number of buy-to-let landlords are somehow still unaware that they are liable to pay the additional 3% stamp duty surcharge, introduced in April. Jasper Dawson, of Kirwans said he is seeing an increased number of cases where investors are only finding out about the charge at the last minute. He said he is concerned that many will see less returns than expected, as a result of the charge.
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