An exit vote could spike international investment in UK property. An exit vote could spike international investment in UK property Overseas property investors primarily from the Middle East and Asia, are readying to flood into the UK property market if the UK public vote to leave the UK. It is anticipated that the international property [...]
UK House Prices Rise according to latest data from the Office for National Statistics & UK Land Registry. And house prices are likely to continue to rise long term due to the insufficient housing stock. The UK missed house building targets by 1.2m since 2004, according to Yorkshire Building Society. UK House Prices Rise According [...]
UK Rental Demand: The number of Renters Rises as Home Ownership Falls Home ownership in England has fallen substantially in recent years and has now reached its lowest level in 30 years. As less people own their property UK rental demand rises. Due to property prices continuing to rise faster than wages the task for [...]
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. […]
Build To Rent Build to rent - a new concept for a new generation How will Build to Rent affect the UK's growing number of renters? Well, the UK’s property market has long been characterized by demand high demand for residential rental property, soaring property prices which have outpaced the rate at which salaries have [...]
What will the EU referendum mean for UK Property Market? The UK’s forth coming EU referendum, regarding Britain’s involvement in the European Union is having an impact on financial markets. As uncertainty has arisen regarding the effects of what an exit or “Brexit” would entail. We will look at the possible effects on the property [...]
EU Referendum. Will house prices rise or fall?
EU Referendum. Will house prices rise or fall?
Hanover Square Real Estate November 13th, 2016|Property Market Commentary|
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 [...]