Is Now Thе Right Time For International Buyers To Invest Іn Thе UK Рrореrtу Mаrkеt Frоm thе bеgіnnіng of thе уеаr, thе Brexit роll hаd trіggеrеd unсеrtаіntу іn thе market and the ѕhосk rеѕult еnѕurеd thаt the fееlіng wіll lіngеr іntо 2017. Here іѕ a rоund-uр of thе ѕtаtе оf thе British property mаrkеt іn [...]
Britain's Property prices rise nationwide Britain's Property price rise by 5.1% in the 12 months to July 2017. The average property value is now £226,185. according to the latest official figures. Month on month prices have risen by 1.1%. The UK house price index overall, shows that there is a slowdown underway in London. The [...]
Rents Rise In Britain's Property Market Rents Rise In Britain's Property Market with the average rent up 2.4% across the UK in the year to August 2017 shows the latest index. Average rents across the UK rose by 2.4% in August compared to the same month a year ago. This is the highest rate of [...]
Calls for Government to build to tackle UK Property Shortage Calls for Government to building to tackle UK Property Shortage. Ministers urge May to introduce policy which would see local councils forced build new homes. There is growing pressure to solve the 'housing crisis'. Furthermore, MP's attempt to balance new house building policy with concerns [...]
The UK General Election Result Creates Opportunity for Overseas Property Investors. Election Result Creates Opportunity for Overseas Property Investors, as the uncertainty of a Hung Parliament has weekend the Pound. Overseas investors who are buying in dollar pegged currencies such as in the UAE have increased buyer. James Roberts, Knight Frank's chief economist, said property [...]
Average UK House Price Rises 5.8% in the year to February Average UK House Price Rises 5.8% in the year to February. Therefore, putting the average value of a home now at £217,502 latest official figures show. This was up from 5.3% in the year to January 2017 but still remain below the average annual [...]
Chinese Property Investors Keep Buying UK Property Despite Brexit Recent data suggests Asian investors still have a strong appetite for investing in UK property. Despite concerns created by Brexit and the forthcoming general election. A recent report by JLL, has confirmed that Asian investors accounted for a staggering 28% of UK property transactions in 2016. A [...]
Buy to let Investment Rush The Stamp duty dead-line on the 1st of April has caused a Buy to let Investment Rush. Solicitors have been working round the clock over the Easter weekend to get transactions completed before the new tax increases. Buy to let investors have been active and have been acquiring properties at a frantic rate as agents report an increase in enquiries. There has been an uplift in the number of people wanting to move quickly to get the deals concluded before Friday’s stamp duty deadline. The Buy to let Investment Rush drove the property market demand to a 12-year high in February, consequently it was also recorded that first time buyer transactions fell during this time. Many being gazumped by cash buyers and buy to let investors quick off the mark. The latest housing market report from the National Association of Estate Agents (NAEA) showed that 85% of estate agents reported noticeable increase from buy to let investors. As the demand soared there were on average 463 houses hunters registered per branch, the highest since August 2004. The average number of agreed sales per branch completed in February, was up from the number recorded January. Less than a quarter of recorded sales were to first-time buyers in February due to the Buy to let Investment Rush. The demand was coming largely from investor buyers, which increased competition for an already stretched housing stock. NAEA managing director Mark Hayward said: “It is evident from February’s report findings that we’ve seen a real sense of urgency from landlords trying to complete on sales ahead of the stamp duty reforms.” From April 2016, the outlook should pick up for 1st time buyers, with less demand from the time pushed investor market. The new schemes available for like the Help to Buy Isa, Help to Buy scheme and the new Lifetime Isa should help the so called “generation rent” young first time buyers. These measures will stand to bridge an affordability gap. However, the crux of the problem though is that there is issue with the supply of housing stock, and until more homes are built then we will continue to see prices rising. […]
EU Referendum. Will house prices rise or fall? Will house prices rise or fall? We are now only days away from one of the biggest decisions the UK electorate have faced in recent years. To ‘Brexit’ or ‘Bremain’, That is the question. The vote on British membership of the EU has the potential to shape [...]
London Property Prices Rise In March
London Property Prices Rise In March
Hanover Square Real Estate April 26th, 2018|Property Market Commentary, UK House Prices|
London Property Prices Rise In March The property market in the capital seems to be showing a slight recovery, with London property prices rise in March of 1.6 percent in March Shows latest data from Hometrack. The latest data from Hometrack in their UK Cities House Price Index for March 2018, showed a 5.5 percent [...]