Direct Property News

September 7, 2016

‘Property is better bet’ than a pension says Bank of England economist

Chief economist Andy Haldane says pensions are too complicated and property is better due to continuously rising prices Property is a better investment for retirement than a pension, according to the Bank of England’s chief economist, Andy Haldane. Haldane owns two homes – one in Surrey and a holiday home on the Kent coast. His basic salary at the Bank is £182,000 and he is in line for a pension of more than £80,000 a year when he retires. In an interview with the Sunday Times, Haldane said he did not consider himself wealthy. “I see myself as not having to worry about money, but plainly not wealthy. I never have [felt wealthy] , and never…
September 5, 2016

How build-to-rent is beating buy-to-let

Changes in the market and in the attitude of many renters have led to a big shift away from buy-to-let and more towards build-to-rent. But what is this new asset class all about? And what makes it stand out so much against buy-to-let? Build-to-rent has hit the UK property market like a storm. A very, very good storm. The most fascinating aspect of this new asset class? The fact that it floats so well with both, investors and tenants. Why investors like it so much 2016 has been an interesting year for investors with many big events. Whether it’s the additional stamp duty surcharge or the reduction of mortgage tax relief to the base rate, the…
September 2, 2016

German investors and Mancunian property: A match made in heaven?

Since June 23, a lot has changed across Britain and its property market. One of the most recent developments is the unexpected love story between Manchester’s property, Germany’s investors and their matchmaker, a dropping British Pound. The MEN recently published an article highlighting German investment in Manchester and states that Germans see the capital of the North as the second most important city in the UK after London. Deka, a big German bank, announced this month that they’ve paid a total of £164 million for the new office block at One Saint Peter’s Square. After this had become public knowledge, it didn’t take experts long to share their view, that Deka won’t have been the last…
August 28, 2016

Why Britain Needs 1.4BN Bricks To Fix The Housing Shortage

Britain needs to make about 1.4 billion bricks to fix the country’s housing crisis, a new report has warned. The brick shortage – equivalent to how many went into building all the houses in Leicestershire – is contributing to the housing stock crisis, currently standing at 264,000 homes. Brick stock steadily declined between 2008 and 2013 and only partially recovered in 2014 and 2015, said the report from the National Association of Estate Agents, compiled with the Centre for Economics and Business Research. Two-thirds of small and medium-sized construction businesses faced a two-month wait for new brick orders last year, with almost a quarter waiting for up to four months and one in six (16%) waiting…
August 23, 2016

Still small but growing: How have landlord characteristics changed since 2010?

The modern rise of the private rented sector needs little introduction. It has been well chronicled that shifts in demographics and economic trends have greatly boosted the sector, which now houses about one in five households. Recent estimates based on data from HM Revenue & Customs suggest that there are at least 1.75 million landlords in the UK, who collectively earned a net £14.2 billion in rental income last year. While a fair amount of research has been done on how the profile of tenants has changed, there is less data available on the changing profile of landlords. At the CML, we have noted with concern the lack of such research, since the circumstances and motivation…
August 15, 2016

Manchester voted UK’s best city to live in – AGAIN!

Manchester has retained its title as the best UK city to live in beating London once again. The Global Liveability Survey was compiled by the Economist Intelligence Unit and scores 140 cities worldwide out of 100 in the areas of health care, education, stability, culture and environment and infrastructure. Manchester scored 88.8 out of a 100 and has climbed three places to rank at 43 thanks to liveability declines elsewhere. Meanwhile, London, which scored 87.2, saw an unchanged ranking of 53rd – ten places lower than Manchester.
Restricted Content
The contents of this website are intended only for investors from certain qualifying classes (“High Net Worth Individuals” and “Self-Certified Sophisticated Investors”). To access the full contents of the site you must first register in one of these categories.
Please confirm that you are a suitable investor before proceeding. If you are unsure whether you meet the specific criteria or not, you can check the definitions here.
Will be back soon