Direct Property News

It is now a ‘great time’ to invest in the UK housing market despite a new report showing that house price growth continued the trend of the past few months in August with a further moderation in both the annual and quarterly rates of increase, according to Adrian Gill, executive director of estate agency at LSLi. The annual rate of house price growth across 20 of the largest UK cities slowed to 8.2% in August, from 9.5% in July, taking the average to £239,400, according to the latest Hometrack UK Cities Index.

Analysis of the UK housing market by national estate agent, Jackson-Stops & Staff, reveals that the UK housing market remains alive and active. Number of properties on the market in the UK has increased since the vote but the proportion sold (subject to contract) has decreased – but only by 2.5% Asking prices of all UK properties for sale down by only 2% (from £297,508 in mid-June to £291,547 today) In London asking prices are only down 3% since mid-June Just 7% of properties in London priced above £2 million are under agreed offerThe analysis, which is based on a daily sample of over 500,000 actual properties for sale in the UK over the last 3…

Looking back in hindsight it is often quite easy to spot a “successful” property investment but achieving the same result in real-time is not as easy. While many property investors will have you believe they have nerves of steel and they don’t feel the adrenaline pumping round their body when signing a massive deal, do not always believe them. However, there is a psyche which is very common across all successful property investors which is made up of a number of characteristics we can all associate with.

Asking prices in the UK increased by 0.7% or £2,277 in September after falling 2% in the previous two months, according to the latest index figures to be published. This took the average asking price to £306,499 and up 4% year on year, the data from Rightmove shows. But in London prices increased by 1.9% or £11,565 recovering some ground after four consecutive monthly falls. This month’s data is broadly positive with seven out of 10 regions recording either a monthly rise in new seller asking prices or a standstill, compared to eight out of 10 price falls last month.

Greater Manchester is currently bidding to become the host city region for the trade convention World Expo in 2025. The World Expo takes place every 5 years. Dubai has been chosen to host the event in 2020, leaving 2025 still up for grabs. The Government originally announced its plans to host to convention last year and has now a couple of weeks left (until 31 October) to put the country forward.