Monthly Archives: July 2017

//July

Demand For Property Bounces Back

July 27th, 2017|Commentary|

Demand For Property Bounces Back Demand For Property Bounces Back across Britain in June. However, the supply of property fell, according to a National Association of Estate Agents (NAEA) housing report. The number of sales agreed per NAEA member branch increased from 10 in May to 11 in June. Furthermore, sales to first-time buyers was [...]

UK House Prices Rise

July 10th, 2017|Commentary|

UK House Prices Rise at fastest rate since 2004 in Q1 of 2016. UK House Prices Rise; house prices in Liverpool among the fastest rising in the UK. Due to investors seek value outside of the capital. Therefore, buying lower priced property investment in the northern regions such as Liverpool Manchester for strong capital growth [...]

UK House Prices have Risen 10.1%

July 10th, 2017|Property Market Analysis, UK House Prices|

UK House Prices have Risen 10.1% UK House Prices have Risen 10.1% in the first three months of 2016 by 2.9%, compared with the last three months of 2015. Halifax Housing Economist Martin Ellis, said “House prices in the first three months of 2016 were 2.9% higher than in the final quarter of 2015. The annual rate has grown from 9.7% to 10.1% in March.” “Current market conditions, however, remain very tight with an acute supply/demand imbalance continuing, together with continuing low interest rates and a healthy labour market, indicate that house price growth is set to remain robust.” Key Facts UK: House Prices have Risen 10.1% House prices in the three months to March were 10.1% higher than in the same three months a year earlier. This was higher than the 9.7% rise recorded in both January and February. The annual rate has been within the 8%-10% range for nearly the whole period since the start of 2015. House prices rose by 2.6% between February and March. The quarter on quarter change is a more reliable indicator of the underlying trend. Monthly house price changes can be volatile. (Source:Halifax House Price Index 2016). Supply remains very low despite more sales instructions. New instructions by home sellers increased for the third successive month in February following ten monthly falls in a row. This rise, however, was not sufficient to prevent the stock of secondhand properties for sale falling as sales increased. The stock for sale remains close to record low levels. (Source: Royal Institution of Chartered Surveyors’ (RICS) monthly report). Many of the currencies in the Gulf are pegged against the US dollar. As we experience a period of dollar strength, it is an opportune time for buyers from the Middle East region to buy property in the UK as the strong dollar increasing overseas purchasing power from the. Please contact our Dubai or London office to buy property in the UK. […]

Buy UK Property From Dubai

July 6th, 2017|Property Investment Guide|

Buy UK Property From Dubai |  UK Property For Sale | Buying International Property | Investing in UK Property From Dubai. Thinking of investing in international property and you are panning on finding UK property for sale. Contact our team for information! Hanover Square have expert consultants dedicated to the UK property market. Therefore, their [...]

Differences between Freehold and Leasehold Title

July 6th, 2017|Guide, Property Investment Guide|

UK Property, Differences between Freehold and Leasehold Title The UK property market is attracting several buy to let investors and many of our buyers from our Dubai office are regularly asking the differences between freehold and leasehold title when they buy property in the UK. International investors looking at the UK market for the first [...]

UK Property Market Update: Sales and Prices both rise

July 6th, 2017|UK House Prices, UK Property Market Update|

UK Property Market: Sales and Prices both rise Figures from HMRC report Sales of UK property have increased by 4.9 per cent month-on-month, despite market uncertainty following the EU referendum 95,000 homes were sold in June, an increase of 6,000 more transactions in May With sterling falling against the dollar and euro, the UK market [...]

Rise in Chinese interest in UK property as the pound falls

July 6th, 2017|Commentary|

Rise in Chinese interest in UK property as the pound falls. There has been a notable rise in Chinese interest in UK property post Brexit. The Pound has fallen to it’s lowest point in 30 years & Investors from China are surging into the UK property market.  The fall in the pound has created opportunities [...]

UK Property Investment From China

July 6th, 2017|International Investor News, Property Market Analysis, Uncategorised|

UK Property Investment From China There has been a constant interest in UK property investment from China. The market has been attracting investment from international buyers in the droves. It is reported that international buyers, largely from the Asia and the Middle East are accounting for up to 85% of sales in new build developments in popular London hot-spots. China have shown a large appetite for global property over recent years, which has not stopped. Here we look into the likely activity and demand from China over the course of 2016. The Chinese stock market over recent months has been immensely volatile. With the Shanghai Stock Exchange closing after experiencing significant price drops in a trading day. This has been a cause for concern for Asian investors and global investors with large exposure. It has raised the question regarding China’s economy and its ability to withstand such shocks. With the Yuan dropping against a basket of currencies and government measures to control the flow of capital out of the country The question remains will the demand for property from China continue. China’s appetite for high yielding property The market driver behind the majority of buyers from China is for investment. Historically, we have seen an emphasis from this region on capital growth being the main investor focus. Furthermore, moving into 2016, it seems investors are also showing a large appetite for high yielding property assets. Due to the sharp increase in London property prices since the global crisis, the rental yields have decreased. The yields achievable in the Northern cities; Manchester and Liverpool, add to the attraction of buying in the ‘Northern Powerhouse’. The yields are far higher, additionally it is now being viewed that due to the developing infrastructure and investment. Moreover, there is also a greater opportunity for capital appreciation. Key Developments attracting Investment from China Developments in infrastructure are luring UK Property Investment from China. Key developments such as HS2, which will link Manchester Piccadilly and London in 1 hour, the extension to Manchester’s tram system and the £1bn airport transformation, demonstrate the long term growth potential of the ‘Northern Powerhouse’. Additionally, the rise in Stamp Duty Land Tax introduced earlier this year, has meant that expensive London properties weaken the appeal. The additional 3% payable for buy to let investors acts in some degree as a deterrent from expensive London property. Consequently, this has steered UK Property Investment from China to the North of England. China’s confidence in the UK property market The confidence in the North of England as a location UK Property Investment from China market is rising, as now Manchester is not just receiving investment from property buyers, it is also coming from property builders. The Beijing Engineering Construction Group are developing Manchester’s Airport City, a whopping £800m site. Set to be a hub for Chinese businesses, where street names will be in both English and Mandarin. China’s President Xi Jinping, conducted a site visit last year to the Manchester’s Airport city, this show of backing from such an influential figure has boosted Chinese investor confidence in Manchester. Cultural ties between China and the UK Liverpool Chinatown is the first Chinatown established in Europe and it is estimated that there now are around 10,000 Chinese residents in the surrounding area. The rate of this population is set to grow in Liverpool and in Manchester due to the strong cultural ties and the established universities. There is a growing number of international students coming from from mainland China, Taiwan, Hong Kong and other parts of Southeast Asia. Manchester is highly accessible to Asia, with Manchester having direct flights to both Hong Kong and Beijing. Buyers in the UK and China have a common denominator in their view of property as an asset class. Both countries widely view investment into property as one of the best long term investment options available. With capital controls set to loosen and the critical shortage of homes available in the UK, UK property investment from China is set to continue. […]

UK Property Prices Rise in December

July 5th, 2017|UK House Prices, UK Property News|

UK Property Prices Rise in December UK Property Prices Rise in December. The latest figures from the Halifax reveal that the UK house price average rose by 1.7% in December; adding nearly £4,000 to the average house value. The rise takes 2016 increase to 6.5%. Therefore, pushing ratio of prices to earnings to just shy [...]

Annual House Price Growth Remains Broadly Stable 4.3%

July 5th, 2017|Commentary, UK House Prices, UK Property News|

Annual house price growth remains broadly stable at 4.3% The annual rate of house price growth remained "broadly stable" at the start of 2017 at 4.3%. Therefore, just below the growth rate in December of 4.5%, according to the latest Nationwide house price index. House prices increased by 0.2% over the month, after taking account [...]