U.K. Property Lures Middle-East Buyers on Pound Brexit Slump U.K. Property Lures Middle-East Buyers on Pound Brexit Slump - By Jack Sidders / Bloomberg | February 7, 2017 9:24 AM MYT Middle East investors, benefiting from a weak pound and rising oil prices, increased their spending in U.K. commercial property even as Brexit prompted buyers [...]
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. […]
Cost of a single brick in UK property nearly £50.00 New research has found that the average cost of a single brick, sitting in a UK house is worth nearly £50.00 when based on the overall value of the property. A single brick, when calculated by looking at the price and size of an average [...]
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 [...]
UK Property Market Resilient After Brexit Vote The UK property market proves resilient in the wake of the EU referendum result. The UK remains an attractive place to invest underpinned supply and demand imbalance. The Fall in the value of sterling has only increased appeal from international investors. Summary: UK property asking prices has experienced [...]
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 [...]
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 Apartment prices rise by £1,000 per month since the global financial crash. UK Apartment Prices Rise by over £1,000, which is more than many workers in the UK! UK Apartment Prices Rise above the all other property types in the UK since 2008 Flat prices have shown the highest growth since 2008, outperforming all [...]
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 [...]
Chinese Property Investors Keep Buying UK Property Despite Brexit
Chinese Property Investors Keep Buying UK Property Despite Brexit
Hanover Square Real Estate May 4th, 2017|Commentary, Property Market Commentary|
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 [...]