Month: March 2013

House prices rise 0.8% year-on-year

row of houses

House values have increased by 0.8% between March 2012 and March 2013. Summary: Property values rose by 0.8% in the last year Home prices remain unchanged between February and March 2013 The typical value of a UK property is £164,630 The average price of properties in the UK has increased in the last 12 months,… Read more »

Great expectations – The student property market

2012 proved to be a bumper year for student property developers, with high-profile investors including the Dutch Pension Fund (PGGM) taking a majority stake in the University Partnerships Programme. In addition, a development of three student properties began this year funded by Carlyle, a US private equity operation, while insurers Legal & General have also… Read more »

Help to Buy scheme ‘will get UK housing market moving’

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The Help to Buy scheme will help potential property buyers purchase homes, creating movement in the market. Summary: The Help to Buy scheme is ‘good for the property market in the UK’ 33% of people plan to buy a home in the next five years This initiative will help them by not having to raise… Read more »

Manchester hotel occupancy rates reach 13-year high

Hotels in Manchester have been busier than ever recently, with occupancy rates reaching their highest levels for 13 years when records began. Figures for Visit Manchester collated by STR Global revealed hotels in the city centre reached occupancy levels of 79% in February, an increase from 75% 12 months ago. Paul Simpson, Managing Director of… Read more »

Dubai is among lowest risk cities in the world

office work

Dubai has been ranked the lowest risk city in the Middle East and 19th in the world. Summary: Dubai is the 19th lowest risk city in the world for recruiting, employing and deploying staff It comes in first place in the Middle East It ranked higher than Washington, Sydney and Tokyo Dubai has been found to be… Read more »

Work begins on Liverpool Science Park third building

high-rise Dubai Marina

Building work has started on the third building of Liverpool Science Park (LSP) in the city’s Knowledge Quarter. The £8 million Innovation Centre 3 – otherwise known as IC3 – will provide an additional 42,000 sq ft to the park, which will be used for office, laboratory space, meeting rooms and car parking. Chris Musson,… Read more »

International property buyers see UK as a ‘safe haven’

property market

Property investors from abroad are turning their attention to the UK as they see Britain as a good place to purchase real estate. Summary: UK property prices rose by 0.3% in March This is the biggest house price increase in three years London’s house values grew by 0.7%, helped by international buyers  Overseas investors are… Read more »

Plans for curfew for young drivers announced

construction work

The government may introduce a curfew for young drivers in a bid to reduce the number of accidents on UK roads. Transport ministers discussed the possibility of launching a curfew for drivers aged between 17 and 25, an option that was raised by the Association of British Insurers, as a result of the high number… Read more »