Direct Property News

February 23, 2016

Manchester named residential property investment hotspot

A report recently published by Savills revealed Manchester as the leading city for residential property investment. The Savills report Spotlight Rental Britain provided an overview of the rental market across all of the UK.
February 22, 2016

Number of £1m homes to triple by 2030

Across the UK one in 20 properties could have a price tag of £1m+ by 2030, with 25% of property in the capital hitting the million mark in 14 years time. According to a report by Santander, this number is forecast to rise to more than 70% in the London boroughs of Kensington, Chelsea and Westminster. Throughout the UK the number is set to triple until 2030. To put this in context, the forecast would mean that around one in every 20 (5.1%) British homes will be worth £1m or more by 2030.
February 15, 2016

House prices rise at fastest rate since July 2014

House price growth has hit a 17 month-high as the supply of new properties on the British market tightens, The UK’s housing prices rose 9.7% in the year to January, an increase by 0.2% from a month earlier. According to Halifax, this is the biggest increase since July 2014, when prices rose more than 10%. Looking at the changes month-by-month, values went up by 1.7% now averaging at £212,430, the lender’s monthly house price index showed.
February 15, 2016

Buy-to-let landlords ‘storming the UK housing market’

The growing interest from buy-to-let investors trying to secure a property before the new 3% stamp duty surcharge in April is pushing house prices up, new findings suggested. With April approaching quickly, The Royal Institution of Chartered Surveyors’ Residential Market Survey said 75% of its respondents expect to see an upswing in sales to buy-to-let investors in the coming months.
February 15, 2016

New home building not keeping up with demand in UK

Source: Property Wire The demand for rental property in the UK is forecast to grow by 1.1 million until 2021, and that although the Government is boosting house building with a range of policies. The Government announced a target of building 400,000 new affordable homes for sale over the course of this parliament, leaving the country still short of 220,000 homes for rent very year, a new research from real estate adviser Savills revealed.
February 11, 2016

Prime London property market sees strong buyer and letting activity at start of 2016

New buyer registrations and tenancy agreements in the prime London residential market have soared from last January, with buyers and renters particularly looking for one bedroom homes. The number of new buyers registering in January 2016 was 24% higher than in the same month in 2015 like for like, according to the latest London property monitor report from estate agents Marsh & Parson. Outer prime London areas are experiencing the highest New Year demand from interested buyers, with Barnes and Bishops Park seeing among the strongest rises in the number of buyers registering locally to buy property, the details also show. However, this sudden surge in demand for Prime London properties is contrasting with a continued…
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