• The key annual Conference for the London Resi Market returns on 6th March....
  • Join hundreds of delegates from both Private & Public Sectors at the Affordable Housing Conference on 19th March....
  • The Market Leaders in Student Housing from across the Uk, Europe & Globally gather in London on 14th May

Events Diary

London Resi Conference 2019

Wednesday 6th March 2019

Affordable Housing Investment 2019

Tuesday 19th March 2019

Student Housing 2019

Tuesday 14th May 2019

latest news

2019 UK property predictions: Brexit, house prices and market growth

Amid a tumultuous year for the UK property market, the words on everybody’s lips continues to be Brexit and what it means for investment, developers and would-be buyers in 2019 and beyond. We’ve examined some of the latest predictions from property experts to bring you an up to date forecast of what you can expect in the new year.

How will new viability assessment rules affect developers?

Earlier in the year, the UK government’s announcement of new planning rules and viability guidance came amongst a bid to increase the quantity of affordable housing amongst the UK housing crisis and crack down on developers that have used viability loopholes to reduce affordable housing quotas. We’ve examined the now published rules in further detail to understand the impact on developers.

The current opportunities for housing development

As we touched upon recently, updates to the draft National Planning Policy Framework (NPPF) should provide developers with more opportunity and freedom in developing existing brownfield sites, but there is little mention within the framework of openings for development on alternative plots. We examine the current opportunities for housing development in the UK right now.

5 long-term London investment growth trends | Residential

If you’re looking to invest in London this year, it’s fair to say that market growth hasn’t been very appealing. While commercial property retains its global status, and international investment continues to flood into the capital, for small to medium size investors or families looking to move into the city, positive residential news has been slim. However, statistics over the past five years provide valuable insights as to where to invest and the type of property that will either retain its market value or sell quickly. We’ve compiled top findings from across the web to develop a clearer picture of today’s property landscape.

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Best growth area this year: Worcester Park, KT4

Just one London postcode featured in this year’s Zoopla property hotspots list, based on price growth between January and July. The property market in Worcester Park, an unassuming suburban town in South West London, outperformed the rest of growth in the city by some margin. Its price increase of 6.41% in the first half of the year defies the current national trend of sluggish growth of just 1.1% and lacklustre residential sale rates.

Best growth area over past 5 years: Abbey Wood, SE2

Price growth has been scuppered by a succession of national and global policies and political votes, from the upheaval of buy-to-let to countless political votes that have hit the industry. So, an area which has managed strong growth over the past five years is perhaps a better barometer of success than data taken from this year alone. With promising 76% five-year-growth figures and an affordable average price of £309,561, Abbey Wood in South East London still has plenty of investment potential. The rise of Abbey Wood coincides with a general investment shift from central London to the city ‘fringe’, which has been well documented since 2012.

London flat sales dominate the market

Data from the Office of National Statistics show that residential sales for almost every property type in London have dipped between 1995 and 2016, bar flat sales, which reflects current demand for micro, contained living for affordability or lifestyle. By Q4 2016, property sales for detached homes dropped slightly to 4,464 from the same quarter in 1995. In the same period, semi-detached property sales dropped from 20,228 to 12,930. However, sales of flats and maisonettes, which started from a strong position of 46,525 in 1995 have grown to 58,202. In fact, the data set shows that flat sales in every English and Welsh region have grown since the mid-90s.

…but detached homes have retained their market value

Buying a London flat may be a perennially popular way to get a foot on the London property ladder, but if you’re the proud owner of a detached home in London, your asset may have grown in value by 4.1% since May 2016. The average price for a detached property in London has grown from £864,839 to £900,601, while terraced properties experienced the weakest growth of 1.4%.

New build and cash buyers fuel transactions

Cash transactions outstripped mortgage transactions by 1.5% in the year to May 2017, while transactions for new builds in London rose by 4.6% in the same period. These findings potentially reflect how favourable conditions have become for cash buy-to-let investors since April 2016, when stamp duty hikes and mortgage relief restrictions came into force.

 

Find out more

If you’re currently building your property portfolio, there’s still time to book your place at our first ever Alternative Residential Property 2017 conference this September. Join our panel of respected sector figures and industry delegates to discuss investment, management and operational trends in some of the biggest emerging property markets in the world.

This event is likely to sell out quickly so please book early to guarantee your place.

 

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Posted: 03/08/2017
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