Month: October 2013

Purpose-built accommodation rents 75% higher than HMOs

Purpose-built student accommodation (PBSA) provides property investors with far higher rents than houses in multiple occupation (HMO), according to recent findings from Knight Frank. Earlier this week, the property specialist released its Student Property report for 2014, showing the difference in rents between PBSAs and HMOs. It found that rents for PBSAs are 75% higher… Read more »

Knight Frank: Student property outperforms other assets

Property investors can expect higher returns by investing in modern student accommodation projects compared with buying other types of assets. This is according to Knight Frank, which released its Student Property report for 2014 earlier this week, commenting that there is a “positive outlook” for the market. “Total returns in the student accommodation sector have… Read more »

Emirates announces plans to fly 70 million passengers in 2020

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Emirates Airlines will have 250 aircrafts by 2020 and fly 70 million passengers that year. Summary: Emirates Airlines plans to fly 70 million passengers in 2020 It hopes to become the largest airline by international passenger traffic It currently operates 3,200 flights per week to 135 destinations Emirates Airlines has announced its plans to expand… Read more »

Dubai’s transaction fees will help recovery of UAE property market

Dubai’s transaction fees will help recovery of UAE property market

Transactions fees and a cap on mortgages will help the property market in the UAE. Summary: Transaction fees of 4% will help stabilise the Dubai property market Caps on mortgage lending will also boost the sector Limiting loan-to-value rates for residential mortgages is aimed at protecting investors Plans to raise transaction fees for property purchases… Read more »

An alternative pension plan

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Jeff Elder, a retired consultant, has been looking for a way to diversify his investment portfolio. He has previously invested money in different funds and savings schemes but has recently taken his first step into real estate.

CML: Mortgage lending grows by 41% year-on-year

CML: 2014 will see growth in UK property market

Mortgage lending has increased by 41% between September 2012 and September 2013. Summary: £16.2 billion was lent to homebuyers in September This is an increase of 41% from September 2012 £49.3 billion was lent during Q3 2013 – 32% higher than in Q3 2012 The amount of money being lent for mortgages has increased significantly… Read more »

No of international postgraduate students grows by 90%

The number of international students who have chosen to study postgraduate courses at universities in the UK has risen by 90% over the last ten years. Findings put together by the 1994 group of universities showed that while international students grew significantly during this period, domestic students at UK universities have dropped by 12% in… Read more »

RAK experiences surge in rents over past year

RAK experiences surge in rents over past year

RAK has seen a steep rise in rental prices year-on-year. Summary: Rents in RAK have risen by 39% in 12 months This is the result of Arab investors choosing RAK over other areas in the region RAK is also a lot cheaper than Dubai, attracting investors to buy here There has a significant increase in… Read more »