Direct Property News

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.
December 5, 2016

Landlords adapting to change in UK but rents will rise as a result

Private rented sector landlords in the UK are adapting to changes brought on by the Government but rents are set to rise as a result, a new analysis report suggests. Buy to let landlords have seen changes to stamp duty which means now paying an extra 3%, have to carry out immigration checks on new tenants, face tougher lending conditions in the New Year and then tax changes in April 2017.
December 5, 2016

Regional property offers best investment promise in post-Brexit Britain

Foreign investors are shifting their interest away from London and are now looking to invest in Britain’s more regional markets, a regional investor has revealed. As London’s property is becoming more and more expensive, foreign investors – especially from the Middle East – are checking out the regions for better returns.
December 2, 2016

Landlords adapting to change in UK but rents will rise as a result

Private rented sector landlords in the UK are adapting to changes brought on by the Government but rents are set to rise as a result, a new analysis report suggests. Buy to let landlords have seen changes to stamp duty which means now paying an extra 3%, have to carry out immigration checks on new tenants, face tougher lending conditions in the New Year and then tax changes in April 2017.
December 2, 2016

UK Property Market Bucks the Seasonal Trend

The UK property market has bucked the traditional seasonal trend usually seen at this time of year, according to Agency Express’ Property Activity Index for November. During November, it is typical to experience a slowdown in activity in the UK property market as we head for the Christmas period. However, last month’s figures show unseasonal strength – new property listings dropped by just 4.7%, compared to 12.2% in 2015, while the number of properties sold fell by 1.8%, compared with 14.7% last year. Reviewing its historical data, Agency Express reports that the UK property market has not experienced this level of activity since 2013. Across the UK, 11 of the 12 regions included in the index […]
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