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 [...]
Weak Pound Means it’s time to Invest in UK Property Since June 23rd, when the UK decided they would exit the European Union; there has been a strong weakening of the Great British Pound. The falling pound was accelerated by Prime Minister Theresa May’s announcement that Article 50 would be invoked in March 2017. Therefore [...]
Monthly Property Sales Transactions Reaches 10 Year High New data reveals that Monthly property sales transactions reaches 10 year high in February of this year. Proving that Brexit is having little impact on sentiment in the UK property market. However, sales to first time buyers fell, according to the latest figures. The data from the [...]
UK continues to attract foreign investment, as Qatari government declares it will invest “£5bn in the UK” over next 5 years. The UK continues to attract foreign Investment; Qatar's Finance Minister pledging 5 billion pounds ($6.3 billion) of investment in Britain over the next three to fiver years. Therefore signalling a significant show of support [...]
Manchester has the fastest rising property prices in the UK Manchester has the fastest rising property prices in the UK recording a growth rate of 8.8 per cent. London slipped to tenth place with 5.6 per cent. Manchester had an 8.8 per cent annual price growth on the back of a more than 40 per [...]
Asking Prices Rise Asking Prices Rise across England and Wales by 1.3%, or £3,877 in the last month. The is equal to the jump seen in March 2016; during the rush on the market caused by buy-to-let investors rushing purchase ahead of the impending stamp duty rise. Latest data from Rightmove for March 2017 is [...]
House Prices Rising Fastest In Manchester House Prices Rising Fastest In Manchester; with annual growth of 8.8% and quarterly growth of 3.4% compared to the national average values up by 6.4% year on year and 3.5% in the first quarter of 2017. with average values up by 6.4% year on year and 3.5% in the [...]
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 [...]
What Does The General Election Mean For The Property Market Theresa May has called a snap General Election. Only 2 Years on from the last conservative victory. 2020 was the expected date for the next general election. However, the election can be held earlier, provided that two-thirds of MPs back the move under the Fixed [...]
Currency Update: Pressure on the Pound Continues
Currency Update: Pressure on the Pound Continues
Hanover Square Real Estate July 3rd, 2017|Commentary|
Currency Update: Pressure on the Pound Continues Currency Update: Pressure on the Pound Continues. On the 20th March, the government has confirmed that Theresa May intends to trigger Article 50 next Wednesday, March 29th, which will be the beginning of the end of the UK's EU membership. With the triggering of article 50 now confirmed [...]