Month: December 2013

ONS: UK sees property values increase 5.5%

ONS: UK sees property values increase 5.5%

Property prices have increased by 5.5% between October 2012 and October 2013, according to the Office for National Statistics (ONS). Summary: House values have risen by 5.5% year-on-year to October 2013 England saw homes rise in price by 5.7% during this period Property prices in the UK increased by 3.8% in the 12 months leading… Read more »

RICS: UK house prices set to rise by 8% in 2014

RICS: UK house prices set to rise by 8% in 2014

House values in the UK will increase by 8% in 2014, according to the Royal Institution of Chartered Surveyors. Summary: House prices will rise by 8% in 2014, according to RICS The cost of renting a home will increase by 2% Property transactions will reach 1.2 million next year 2014 will see property values in… Read more »

Properties in the south-east rise in value by 3.4% year-on-year

Properties in the south-east rise in value by 3.4% year-on-year

The south-east’s property market has experienced one of the highest value increases year-on-year from November 2012 to 2013. Summary: Properties in the south-east rose on average by 3.4% in the last year This is among the areas with the highest price gains in the 12-month period Values have risen in 80% of local areas in… Read more »

CBRE: £1.6bn invested in student accommodation in nine months

The student property market has received investments totalling more than £1.6 billion in the last nine months, according to recent findings by CBRE. Its Student Accommodation Index recently revealed the sector has proved popular among property investors as a result of returns of 9.95% in the 12 months leading to September this year. Head of… Read more »

Changes to Dubai’s holiday home market to boost sector

Changes to Dubai’s holiday home market to boost sector

Dubai’s holiday home market will be better regulated following the introduction of new laws. Summary: Dubai has issued a decree regarding the holiday home market DTCM will be responsible for enforcing the regulations The holiday homes market will provide more accommodation for visitors ahead of the World Expo 2020 There are set to be changes… Read more »

UK property market sees fastest price rise in 3 years

UK property market sees fastest price rise in 3 years

House prices rose at the fastest rate in three years in November, says the LSL Property Services. Summary: House prices have risen by £11,219 in the last 12 months This is a 4.9% rise from November 2012 Property values in the UK are currently £238,839 House prices in the UK have risen at an unprecedented… Read more »

UK has accommodation for only one-third of students

There are not enough student beds in the UK to cater for the growing population of university students, according to a recent report by Deloitte. Its Student Housing 2013 document revealed there are 457,000 purpose-built student beds in the country, despite there being 1.72 million fulltime students. This shows the demand for student accommodation “has… Read more »

Govt removes cap on student numbers

The government has announced the cap on student numbers will be abolished in 2015 to enable universities to recruit as many people as they wish. Last week (December 5th), Chancellor George Osborne revealed in the autumn 2013 Budget another 30,000 student places will be available at universities in the UK. This comes after Mr Osborne… Read more »