Hong Kong residents flock to buy in London amid political and civil unrest

There has been a surge in the number of Hong Kong residents travelling to London to invest in residential property, according to luxury London estate agency Aston Chase.

Amid significant political and civil unrest and tension in recent months – with fears over the Chinese plans for an extradition treaty and Xi Jinping’s government’s growing influence over
the area – Hong Kong natives are seeking a 'safe haven’ abroad and, despite Britain’s own political uncertainty, London is proving to be a favoured destination. Continue reading

Build to Rent continues to thrive research shows

The latest research from global real estate firm CBRE has revealed that the total institutional investment into multifamily housing (much more commonly known as Build to Rent in the
UK) is 20% higher in the first half of 2019 than the same period of 2018.

The total investment in Build to Rent – where institutional investors create bespoke homes specifically for renters, often with various add-ons and residential amenities – was just under £1.4 billion for the first half of this year. CBRE’s UK Residential Investment MarketView for Q2 2019 found that there was £359.4 million of institutional investment into the UK private rented sector in Q2, lower – as expected – than the record volumes seen in Q1. Continue reading

First opportunistic fund launched by Property Partner

A leading property investment platform recently announced that it is launching an opportunistic fund.

Property Partner, which was launched in January 2015 by Daniel Gandesha, said that the current political and economic uncertainty is causing the UK property market to slow, with sellers who need to sell coming under significant pressure as a result. These conditions, the platform argues, offer an ideal opportunity for experienced investors who can move at speed. Continue reading

Which property types produce the best yields?

Online buy-to-let agency yieldit recently revealed the property types which produce the greatest yields, offering a key insight for landlords who are looking to invest – or expand their existing portfolio – in the UK’s residential property market.

The data, taken from the agency’s currently available properties, found that three out of the top five highest-yielding properties were houses with three bedrooms or more, producing net yields of up to 11%. Continue reading

Millennials exiting London fuels rental growth in Manchester, Birmingham and Leeds

Rents in other UK cities are growing faster than both London and the UK average as workers relocate from the capital amid rising living costs.

That’s according to the third edition of the National Rent Review by buy-to-let lender Landbay, supported by rental analytics from MIAC.

The national picture

UK rents rose by 0.03% in November 2018 which, although the lowest monthly rise since the beginning of the study, adds to the growth of 0.97% in the year and is 0.04% higher than the
same period in 2017. This is mostly down to London’s improved performance – a growth of 0.58% this year. The average monthly UK rent currently sits at £1,212, a rise of £10 since the start of the
year. Excluding London, rents sit at £769 since the beginning of 2018. Continue reading

Property in the UK takes on average 102 days to sell

It now takes, on average, 102 days to sell a property in the UK, according to Post Office Money.

Its latest ‘City Rate of Sale’ report, developed with the Centre for Economics and Business Research (Cebr), looked at the average time it takes for a property to sell in 35 major UK cities. Overall, the average seller had to wait one week more before receiving an offer – increasing from 96 days in 2017. Continue reading

New build property values are now exceeding value of existing properties

The value of new-build properties is beginning to outstrip the value of existing properties, according to a study by DJ Alexander Ltd.

The property management firm found that over the last year the average value of new build properties in the UK has increased by 8.5% at a time when existing property values only rose by 2.9%.
This was most prominent in Wales, where the value of new builds increased by 10.2% over the last year, while Northern Ireland was the lowest at 4.8%. The greatest increase in average value for existing properties occurred in Scotland, where prices rose by 4.4%, while England was the lowest at 2.8%. Continue reading

Uncertainty over Brexit leads to many British expats returning home

The number of British expats living in Spain has dropped by 40%, according to Spanish newspaper El Pais.

What’s more, between 2012 and 2017, the number of Britons leaving Spain outstripped those who arrived. This exodus is being blamed on the uncertainty caused by Brexit and worries over what will happen once the UK has officially left the European Union, as well as the price of sterling falling against the euro, which has made living overseas more expensive than ever. Continue reading

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