Direct Property News

November 26, 2015

Where are the latest UK Buy-to-Let hotspots?

According to Barclays Mortgages latest data, the buy-to-let climate is very much thriving across the UK with London, Birmingham and Bristol leading the way for the number of buy-to-let properties bought this year from Barclays Mortgages. Regions that have seen a significant increase in buy-to-let properties purchased include Birmingham, which may be attributed to the planned HS2 train line to London, which is set to begin construction in 2017. Greater London areas such as Slough, which attracts some of the UK’s largest businesses, are continuing to do well, as are popular university towns such as Bristol, Nottingham and Manchester.
November 25, 2015

Rental sector boom as only one young person in four will own by 2025

Only 26 per cent of people currently aged 20 to 39 in England will live in a home they own by 2025 while 59 per cent of them will be privately renting. The forecast, from business consultancy PwC, looks at the young non-owning segment of adults which in the consultancy’s words “is at risk of being locked out of the housing market due to high prices, high deposits and rising interest rates.”
November 25, 2015

The UK property market’s secret north-south divide: It takes three times as long to sell your house in London’s Kensington or Mayfair than in Carlisle or Glasgow

Selling a house in London? Good luck: it’s likely to take you three times as long as the average house sale in northern Carlisle, according to new figures revealing a different kind of north-south divide in the UK’s property market. House sellers in Carlisle, Cumbria, can expect to seal the deal after just six viewings. Sales in Glasgow, similarly, take an average of just seven viewings. Head further south, however, and things begin to slow down, grinding to a near halt in the capital, where the average house sale takes 16 viewings.
November 25, 2015

Map: UK house prices are still below 2007 peak in Wales, the North and southern Scotland – but have soared past them in London, Bristol, York and Manchester

London’s house prices may have surged well beyond the prices of the last property boom, but that’s hardly true of the whole country. Looking at average house prices today against what they were eight years ago shows prices are still below their 2007 peak in about half the country. The map of England, Scotland and Wales, put together by Johnny Morris, research director at property services group Countrywide, reveals the country is split fairly evenly.
November 25, 2015

XI The Plaza a hit in the buy-to-let sector

RECORD numbers of buy-to-let investors have been queueing up for properties at the coming XI The Plaza in Manchester’s Ancoats and New Islington area. Knight Knox says 196 apartments have been sold since the launch of the development on October 20, the highest number it ever offloaded in such a short time frame. Comprising a variety of one, two- and three-bedroom apartments, in addition to seven three-bedroom townhouses, the £32m development will begin construction in January 2016, with completion expected in autumn 2017.
November 25, 2015

Investment thriving in the north-west of England

A survey has revealed that the north-west is the hottest region outside of London for overseas investment. According to the research, which spoke to decision makers within the industry, participants believe the north-west region would only be pipped by the south-east, with investments split between both commercial and residential properties. Of those surveyed, 33% said that over half of all investments will come from abroad in the next 12 months. On the other hand, two-thirds of respondents believe that those buyers priced out of London will turn their attentions towards growing regions instead.
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