Direct Property News

May 19, 2020

UK Housing Market Update

The market begins to move, but constraints remain Summary The government has taken steps to reignite the housing market. In England estate agents can return to work and viewings are now permitted again, albeit under certain restrictions. People are also free to move house. This is the first step on the road to a recovery in activity, but the practicalities of buying and selling while social distancing will be a constraint for the time being. More on the reopening of the market here. Short term activity will be supported by a degree of pent up demand and some buyers may now have a greater inclination to move following lockdown. Towards the end of April we surveyed […]
May 15, 2020

Investors watching UK property in anticipation

As with any boom and bust scenario, the ongoing coronavirus pandemic has cast a very dark shadow over the UK property market. While officially the UK property sector is still “frozen” there are signs that many building sites are opening again and the sector may well be open for business fairly soon. During the lockdown period there have been signs that long-term property investors are looking towards the UK in anticipation of some interesting deals. Be careful of worst-case scenario predictions It is very easy for the UK press, indeed they have history, to focus on the worst-case scenario predictions for the UK property market. We have seen this in years gone by and no doubt […]
May 13, 2020

Housing market opens for business:estate agents report immediate surge in enquiries as lockdown eases

Enquiries from sellers started rolling in soon after the announcement last night.  London estate agents and housebuilders are reporting a surge in enquiries from buyers after the Government said branches and show homes can reopen and viewings and moves start again from today. The announcement by Housing Secretary Robert Jenrick at 10 o’clock last night caught the industry by surprise but triggered an immediate spike in activity this morning that is expected to gather momentum rapidly. Property search portal Rightmove has already reported a 45 per cent increase in visits this morning compared to this time yesterday, while Guy Gittins, managing director of Chestertons says the phones “have been ringing off the hook”. The lockdown imposed […]
May 11, 2020

When will the property market start moving again?

For those looking to buy or sell houses, lockdown has put many of the best laid plans on hold. Since lockdown was imposed on the 23rd March, the property market has entered into a period of suspended animation. We don’t know when lockdown will end, nor what the financial and economic collateral damage will be for the UK economy and we certainly don’t know what the ‘new normal’ will be or how long it will have to go on for. So, what do we know? Financial markets, although initially taking fright, have recovered somewhat. Falls of between 10 and 15 per cent across indexes around the world with markets seeming to have stabilised. At least for […]
May 8, 2020

7 Investment Strategies to Follow During a Crisis

Keep things diverse and low-risk, among other crucial guidance. Given the extraordinary global circumstances, many investors are now fearing that another recession is afoot. It makes sense, as recessions are often the result of an abrupt drop in spending, although most causes of recessions cannot be predicted in advance. Before such a circumstance is certain, it’s a good idea to plan ahead and decide on your investment strategy now. A recession doesn’t have to mean that all investments should be put on hold; it just means that different industries and types of companies and investments are safer than others. Here are some quick tips to keep in mind. 1. Low-risk investments only A recession is not the time to […]
May 7, 2020

Coronavirus and the property market: will house prices fall and should you still buy a home?

Forecasts from the property industry are in as construction sites plan to reopen and virtual viewings and valuations gather pace. The London property market has mostly come to a halt. Transactions are expected to plummet to their lowest in 20 years in the three months to June. Yet prices are not forecast to fall as fast or as far as they did after the banking collapse. So what does this mean for buyers? How hard has coronavirus hit the London property market? Activity started to curtail in mid-March as the threat of Covid-19 grew. When full lockdown was announced on March 23 it halted the majority of the housing market. Physical viewings of all property stopped, […]
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