Direct Property News

A new survey has recently revealed that half of UK home owners expect their property value to increase this year and just 2% believe that UK property prices will go in the opposite direction. These details have been provided by the ‘annual house buyers’ research report from Clydesdale and Yorkshire Banks, which is a clear proof of the strong confidence in the UK property market. According to this report, house price confidence has doubled since 2013 and only slightly decreased from last year, highlighting the reliability of the UK property market. Three years ago, 9% of the population thought that prices were going to fall whereas 66% expected they wouldn’t undergo any change and only 25%…

Greater Manchester has big plans for property in 2016. Have a look here and find some of the most exciting developments of the year. Melia Hotels’ INNSIDE Manchester was bought by a privately owned UK group for an incredible £30.45m after the original owner PATRIZIA Immobilien AG put the four star hotel up for sale.

CONFIDENCE in the UK housing market remains strong, despite growing concerns over the wider economy, according to new research today. The latest quarterly Halifax Housing Market Confidence Tracker showed that despite confidence declining steadily since May, the majority of people still believe that average UK property prices will be higher in 12 months’ time, with 13 per cent of people believing that prices will be at least 10 per cent higher. Halifax’s house optimism index from the final quarter of 2015 came in at +61 compared to +68 in May 2015.

Now that 2015 has come to an end, it is time to look back and analyse how good this year has been for UK property investment. We can say that the UK property market remained in an upward trend in 2015, following the same pattern as 2014, and an important question to ask is whether this year the market will reach its peak.

In some parts of London this year, property values have been rising by more than the average inhabitant’s income. In other words, the houses are earning more than their owners. Of course, that seems like another world to many of us. Up and down the country there are plenty of pockets where prices are stagnant, or falling, and other areas where owners simply cannot sell. In fact, that is the case in the capital too, where not all areas are enjoying a house price boom.