Direct Property News

April 26, 2016

City Gardens gets green light in Manchester

Manchester City Council gave green light to the third phase of Castlefield’s trophy development, which will comprise 86 apartments ranging from one to three bedrooms as well as rooftop gardens and terraces. The original proposals for the 11 storey apartment building were made several months ago and have now received their official approval in order to commence the work.
April 20, 2016

The increase of London house prices has decelerated

The latest details provided by the UK Housing Market Observatory at Lancaster University Management School has confirmed that the increase of London house prices in the first quarter of 2016 was 1.2%, which means that it has slowed down and is currently almost three times lower than in the same previous period.
April 20, 2016

UK landlords are considering establishing limited companies

Due to the latest property taxes addition and cuts to mortgage tax reliefs, everyday more property investors in the UK decide to move their investments into limited company vehicles. This detail has been revealed thanks to the survey conducted by Paragon Mortgages, which has confirmed that 41% of 1,400 landlords that have taken part in this study are thinking about moving their portfolio into a limited company after the Chancellor has made those financial decisions.
March 29, 2016

The next buy-to-let rush?

House prices went up nearly 8% in the year to January as investors rushed to beat the stamp duty increase that will come into play from April 1. Figures from the ONS (Office for National Statistics) registered an increase in house prices in England of 8.6%, a lot of it fuelled by increases in London, the South east and East. In Wales, on the other hand, values fell by 0.3% and reached a standstill in Scotland.
March 29, 2016

An average house in the UK has now a £300k price tag

Property prices in the UK have recently surpassed the £300k mark with its engine being fuelled by growth in the country’s North and West rather than the capital. For the first time in history, buying a house in England and Wales will now cost you more than £300,000 on average, a recent study revealed. Rightmove explained that the country’s engine for property value growth is experienced a shift from London to the North and West. Average asking prices for a home went up to £303,190 in March as a result. In February the average price was at £299,287.
March 29, 2016

Manchester and Salford sell the most flats in the UK

No other town or city in all of England and Wales has seen a bigger swing in the number of apartments being sold as a proportion of all property sales. In fact, the increase in flat sales in Manchester and Salford is higher than anywhere else in the UK in the last two decades. The Government has released new data that proves that flat sale make up more than 33% of all house sales in the region, making it the highest percentage in the country.
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