Experience Invest company checks construction in UK property market

Experience Invest company checks construction in UK property market

Posted Posted in UK Housing

Experience Invest Company Checks House building is a crucial cog in the machine that is the UK property market. In this article, London-based property specialist Experience Invest company checks the state of the UK’s construction industry. Whether it’s the owner occupier sector or the private rented market, making sure that there are enough homes to meet demand is vital in ensuring that prices are not too high and that property is affordable to the average tenant or owner. The prevailing political uncertainty that is currently in evidence across the UK is making it far more difficult for the building sector to keep up with demand. Despite the government’s promises to build 200,000 more homes every year until 2021, the hung parliament and concerns over Brexit are still causing the sector to stutter somewhat. It’s the latter of these that is perhaps most problematic to the construction market. Building companies faced with the Brexit outcome are worried about a number of pressures on their operations, including both the costs for labour if movement across the EU is restricted, and the cost of materials in a less open marketplace. According to the latest Markit/Cips purchasing managers’ index, released earlier this month, uncertainty in the political sector is causing companies to be more cautious in the building sector, taking on fewer workers as they wait to see the outcomes from the widespread changes. The index shows a figure of 51.1 for August this year, down from 51.9 in July. While this still indicates growth, which is a good sign, (50 indicates stagnation), the fact that growth is so marginal will be a concern for the sector as whole. In fact, the reading for August marks a one-year low in terms of growth. As a result, experts are starting to worry that the market […]

Solving the Tedious Process of Conveyancing with the Property Lawyers

Solving the Tedious Process of Conveyancing with the Property Lawyers

Posted Posted in UK Housing

If you are going to transfer the legal authority of your property to some other party in the UK, then make sure that you enter a smooth and cost-effective conveyancing process. However, conveyancing is a complex process which is required while transferring ownership of a property from owner to the buyer, it includes all the services which might take a huge chunk of your time. But as online firms are providing the conveyancing services, the is no need to rush from client to clients and deal with legal documents. Property lawyers in the UK provide all the updates regarding the settlement of property ownership and provide information through emails or calls.  However, these property lawyers in the UK are licensed and highly talented while making the conveyancing a peaceful process for the clients. Generally, the role of the property lawyers in the UK is to act on the behalf of a buyer or a seller, while handling all the things that are linked with a property investment. In fact, they take the cases, analyses the requirement seriously and take the right steps to make it successful. Hence people often think it is a good idea to take the guidance of property lawyers in the UK and enjoy their property investment with a reliable conveyancing service. Nowadays, there are a lot of property lawyers in the UK that specialize in conveyancing. They have knowledge in fulfilling the client’s requirement and eventually helping them to get a good investment. However, the best property lawyers in the UK are helping many and one can easily seek advice from them on the related property matters. Hence, we can say that the conveyancing process becomes no more a tedious work with the support of the property lawyers in the UK. //

Take a look at our new UK housebuilding infographic

Posted Posted in UK Housing

UK housebuilding in numbers infographic explains the numbers behind the headlines. Find out why the construction of new properties is important UK housebuilding is a hot topic at the moment, that’s why the experts at Experience Invest have put together a new infographic. As you can see, the UK housebuilding infographic cover a selection of areas in and around the housing crisis. There is a huge undersupply of housing across the country. Data from the Yorkshire Building Society has shown that UK housebuilding targets have been missed by 1,199,180 since 2004.     UK Housebuilding Promises In 2015, the government promised to build 200,000 new homes per year up until 2020 in a bid to ease the market. In 2015, just 142,890 houses were built in the scheme, 29% under target. Although housebuilding appears to be an important part of the government’s plan, the House of Lords Economic Affairs Committee believes that the target should be 300,000 per year if the gap between supply and demand can be rectified. Housebuilding in 2016 2016 has been a year for change in the UK’s property market. The introduction of higher Stamp Duty tax for buy-to-let and second home purchases, the result of Brexit and the drop in the value of sterling have had varied effect of the market. The introduction of lower interest rates by the Bank of England has now opened up the market to first-time buyers and many overseas investors have taken advantage of the drop in the value of sterling. Off plan property investment could allow developers to build housing and receive funding across the build phase. “Our new UK housebuilding in number infographic simply rounds-up the numbers behind the headlines. The spotlight has been on the property market more than ever in 2016 and we believe the market will continue […]

To let signs outside houses

Buy-to-Let Rents Show Robust Growth in January 2016

Posted Posted in Buy-to-Let, Experience Invest, UK Housing

You’ve arrived at the Experience Invest blog. We work hard to bring you all the latest British residential and commercial property news you need to know. New figures indicate that UK buy-to-let rents showed robust growth in January 2016. Investor returns ‘Buy-to-let refers to the practise of purchasing a residential property and then letting it out to tenants in order to earn rental profit. The Guardian reports that a study conducted by economists at the Wriglesworth Consultancy showed that buy-to-let returns rose by almost 1,400% from 1996, the year specialist buy-to-let mortgages were introduced, to the end of 2014. Rental growth The Latest HomeLet Rental Index suggests that buy-to-let returns remained strong for investors heading into 2016. Property news portal Introducer Today wrote that the Index suggested that UK rents (excluding Greater London) increased by 5.5% in the last year, while Greater London rents rose by 6.2% during the same period. The Index showed that UK rental growth remained strong in the three months to January 2016. During this period, rents rose in 11 out of 12 UK regions when compared with the same period the year before. Excluding Greater London, the average UK rent now sits at £740 per month. Strong demand Commenting on the release of the Index Martin Totty, CEO of Barbon Insurance Group, which owns HomeLet, said: “There is still strong demand for rental properties, driven mainly by the impact of the long term structural imbalance in supply and demand of property.” Meanwhile, the average rent for a new tenancy in Greater London is now £1,510. The Index suggested that rent prices for new tenancies in the UK capital rose at their slowest rate for two years over the past 12 months. Continuing, Totty added: “In recent years, the capital has seen much faster rates of increase […]

London Financial Centre Experience Invest

UK Commercial Property Sees Record Year

Posted Posted in Experience Invest, Property, UK Housing

Hello and welcome back to the Experience Invest blog, where we bring you the latest UK property sector news. A record amount of money flowed into the UK’s commercial property sector in 2015. Booming market The latest survey from the Royal Institution of Chartered Surveyors (RICS) shows that confidence is strong in all UK commercial property sectors. Property Wire reported that compared to the previous quarter, 43% more surveyors saw a rise in demand for industrial space in the final quarter of 2015. Meanwhile, 29% said the same of UK office space while 26% more saw increased demand for retail property in the final three months of last year. As such, 35% more chartered surveyors questioned projections that rents will rise across all UK commercial property sectors in the first quarter of 2016. This may be because new data from Lambert Smith Hampton found that UK commercial property returns measured 13% in 2015, although the firm added that as capital growth slows, this should fall to 9% this year. Funds flowing Financial news site The Wall Street Journal reported that the Lambert Smith Hampton study also found that a record £63.4 billion of investment flowed into UK commercial property in 2015. This is a rise of 4% on the year before and this record commercial property inflow was boosted by a 23% investment increase in the final three months of the year. Alternative commercial property was the most successful asset class in 2015. Last year it saw £14.8 billion in investment, a 4% increase on 2014. Out of this total, £8.2 billion was invested in hotel and leisure assets, while £4.6 billion was devoted to Britain’s student accommodation sector. Also, foreign investment in the UK’s commercial property market rose by 9% in 2015, meaning international buyers now account for 50% […]

Experience Invest: London Housing

UK Housing Market Confidence Remains Strong

Posted Posted in Experience Invest, UK Housing

You’ve arrived at the Experience Invest blog. We strive to keep you up-to-date on all the latest British property market news and analysis. A new study has indicated that UK housing market confidence held strong in the closing quarter of 2015. Market Confidence Tracker Lender Halifax has just released its latest quarterly Market Confidence Tracker Index. Online industry portal Property Wire reported that the Index showed that UK house price confidence remained strong in the last three months of 2015. 61% of respondents think residential property values will keep increasing in 2016 – this is down from 68% in May but still represents the majority of opinion. Furthermore, 13% of respondents believe house prices are set to rise by at least 10% this year. Commenting on the release of the Index Craig McKinlay, Halifax mortgages director said: “Solid economic growth, rising real earnings and falls in already very low mortgage rates are all stimulating housing. At the same time, there is an increasingly acute imbalance between supply and demand, which is causing property prices to rise at a robust pace.” Continuing, McKinlay added: “This situation, which is unlikely to reverse significantly in the short term, is reflected in the public’s continuing high levels of optimism regarding house price growth over the coming 12 months.” Consumer sentiment The Index found that positive selling sentiment rose in the last three months of 2015. Over half of respondents (55%) said that the next year would be a good time to sell a home – a 3% rise from the quarter before. In contrast, just 29% said that the next 12 months would be a bad time to put a property on the market – down 3% from the previous Index. Halifax also looked at positive buying sentiment – whether people believe the next […]

UK Houses

How Has UK Residential Property Performed as an Asset Class?

Posted Posted in Asset Class, Experience Invest, UK Housing

Hello, you’ve reached the Experience Invest blog. Here, we work to deliver you the latest UK residential and commercial property sector news. Read on to find out what recent data has shown on how UK residential property has performed as an asset class over the past 20 years. Market in 2015 The BBC reported that figures from lender Halifax suggest that UK house prices increased by 9.5% last year, the fastest annual increase in nine years. Halifax economist Martin Ellis argued that this was driven by a continuing shortage of available property in the UK, adding that “this situation is unlikely to change significantly in the short term, resulting in continuing upward pressure on prices” in 2016. Meanwhile, data from the Office for National Statistics (ONS) shows that UK rental values increased by 2.5% in 2015, meaning they’ve risen consistently year-on-year since 2012.  The rate of rental growth was highest in England, where average rents expanded by 2.7% in 2015. Scotland followed at 0.9% and Welsh rents expanded by 0.7% last year. Long-term returns A new study from property crowdfunding platform Property Partner has shown how the UK’s residential property market has performed over the past two decades. The Property Partner Residential Market Index focused on UK residential property’s performance as an asset class. The Index found that residential property provided investors with less risk than gold, which is traditionally considered a safe asset class for investors. Also, Property Partner suggested that property investment in England and Wales significantly outperformed other asset classes in the last 20 years. Meanwhile, the figures showed that £100 invested in London’s housing market 20 years ago is worth 10 times as much in 2016, while it would be worth £600 if invested in English or Welsh housing. Furthermore, Property Partners found that rapidly increasing […]

Government Announces Pilot Schemes for New Homes: Experience Invest

Government Announces Pilot Schemes for New Homes

Posted Posted in Experience Invest, UK Housing

Hello, and happy new year from the team at the Experience Invest blog. We are hopeful that 2016 will bring many positive developments for property investors. The house building industry certainly looks promising, especially for smaller and medium-sized developers, who look set to benefit from the government’s plans to directly commission thousands of new homes. A large percentage of the new homes planned will be affordable, allowing many eager buyers to take the first step onto the housing ladder. In order to get the proposals underway, the government has announced details of five pilot schemes where many of these new ‘starter’ homes will be built. Each scheme is located on ‘publicly owned’ brownfield land. Five pilot schemes announced Connaught Barracks in Dover – a former Ministry of Defence site with a current allocation for 500 housing units. Northstowe in Cambridgeshire – former Ministry of Defence land that will see 10,000 new homes developed alongside a town centre, community facilities and commercial space. Lower Graylingwell in Chichester – a former hospital site which offers a fantastic opportunity for development, which will see locally supported housing provide with a minimum of 40% starter homes. Daedelus on Waterfront in Gosport – former Ministry of Defence land which is being development by the HCA, including a new college and commercial units. The ‘waterfront’ part of the site has potential for around 250 new homes. Old Oak Common in north west London – 24,000 new homes including low cost homes are planned for this brownfield site; the development will include retail, schools and leisure facilities. Starter homes A starter home is defined by the government as ‘a home sold to a first time buyer under 40, for at least a 20% discount to market value, with a cap on the value of the property.’ To […]

UK Government Radical Move to Commission New Homes: Experience Invest

UK Government Radical Move to Commission New Homes

Posted Posted in Experience Invest, UK Housing

The start of 2016, brought with it the news that the UK government will commission the building of thousands of homes on public land, a move that will allow smaller developers to buy sites with planning permission in place. The change in government policy is designed to alleviate the pressure by the industry to deliver new homes. The team at Experience Invest investigates. A “radical new policy” The new policy is being branded by the government as ‘radical’. It is anticipated that up to 13,000 new homes will be built on five publicly-owned sites in 2016. Around 40 percent of these will be ‘affordable’ or ‘starter’ homes. Welcome news The news was welcomed by The Federation of Master Builders (FMB), the largest trade association in the UK construction industry. The FMB champions for continuous improvement in building standards. Commenting on the news, Brian Berry, chief executive of FMB, said: “The Government clearly recognises that we need to bring more small house builders back into the market if we have any hope of addressing the housing shortfall. Directly funding developments on publicly owned land, with planning permission already granted, should encourage growth of smaller builders and new entrants into the market.” Though, as Berry suggests, “if the Government wants to truly tap into the potential of SME house builders, it should bring forward a wide range of packages of land, including those attractive to the smallest of developers, thereby improving both capacity and speed of delivery.” As reported on the Property Wire website, the Home Builders Federation (HBF) also embraced the news. However, the organisation – commonly referred to as the ‘voice of the building industry, has insisted that the changes in government policy should be part of a ‘wider set of measures’ that will assist smaller and medium-sized building companies. […]

Experience Invest: Prime Central London Lettings Market

International Tenants are Dominating the Prime Central London Lettings Market

Posted Posted in UK Housing

Welcome back to the Experience Invest blog, where we discuss the latest trends in residential property, student accommodation and care home investments. Today we’re focusing on the growing international demand for property in London. A new report by E J Harris Limited, a Mayfair-based lettings and management agency, shows international tenants are a dominant feature of the prime central London rental market. According to E J Harris, rental properties in the £4,000 per week plus price band are being snapped up by wealthy overseas visitors to the UK, including high-net-worth individuals from Russia, Africa, the Middle East and Asia. In comparison, residential lets in the £1,000 to £4,000 a week bracket are more likely to attract bankers and corporate tenants, while rental properties fetching £300 to £1,000 a week appeal to domestic tenants, including students. The research also finds that rental values in central London have increased by 1% over the last few months. Investors can expect to achieve an average gross yield of 2.92%, and an average rent of £54 per square foot. Commenting on the report, Elizabeth Harris, owner of E J Harris said: “London is the premier world city to live in, shop, do business and visit for leisure. London attracts both UK and international tenants looking to enjoy the vibrancy and exclusivity that the city’s best postcodes have to offer. “It is perfectly positioned midway between New York, Moscow and the Middle East and is in a time zone which allows someone residing in London to trade on the world’s key stock markets throughout the day.” According to Property Wire, the analysis is based on data from E J Harris’s own client database, along with local market intelligence. It is being used to identify the most sought after properties in central London, and provides an overview […]