Direct Property News

New data released from Agency Express has revealed that activity in the lettings market rose markedly during November. According to the firm, the number of new listings ‘to let’ rose by 13.9% year-on-year, from an increase of just 3.4% rise in new properties coming to market during October. Rental Volumes The actual volume of properties let last month slipped by just -1% in the same period, representing a marked improvement from the -6.2% recorded at the same period last year. Regionally, nine of the twelve regions recorded by the Property Activity Index saw a growth in new listings to let, while seven regions saw a rise in properties let. In terms of properties let, the top […]

Residential property sales in the UK expected to remain steady in in the UK in 2017 and first time buyers will find it easier to get on the housing ladder, according to estate agents. After a year of political surprises and economic uncertainty almost half of estate agents, some 43%, believe that prices will stay the same over the coming year, the latest research from the National Association of Estate Agents (NAEA) shows.

The latest Hometrack UK Cities House Price Index has revealed that house price growth in London has fallen to 7.6%, the lowest level for 39 months, as affordability pressures and multiple policy changes aimed at investors weaken demand.

The property sector in the UK is showing resilience in the face of a tumultuous year, with confidence in the residential sector the strongest, according to new research. Indeed, some 74% of senior executives in the in the property and construction industries surveyed by investment management and tax group Smith & Williamson regard residential property as a strong five year investment, a 10% rise from 2015. The survey also shows that 62% are confident in the outlook for the residential sector whilst over half, some 54%, had confidence in the commercial sector.

There has been a lot written about the slowdown in the London real estate markets since the UK voted to leave the European Union, but new research shows some locations are seeing robust demand. Among them is the residential market in the Canary Wharf area where property firm JLL report strong sales and lettings demand with a good supply of properties coming on to the market, ensuring continued stability in the face of ongoing political and economic uncertainty.

The squeeze by the Government on home owners and business premises means Britain has the highest property taxes in the developed world, it has been revealed. Analysis by the Organisation for Economic Co-operation and Development (OECD) shows property taxes accounted for 12.7pc of the total tax burden in 2014, the latest year for which data are available. This is up 0.3 percentage points compared with 2013 and is more than a percentage point higher than in 2011.