Month: February 2014

Knight Frank: Sixth of UK population currently rent in the private sector

New figures reveal that the proportion of the UK’s population renting in the private sector has doubled since 2000, with landlords cashing in on ‘buy-to-let Britain’. The proportion of the UK’s population living in rented accommodation has doubled since 2000, new figures from Knight Frank reveal. According to the property group, some 10 million people,… Read more »

New tourism body established in Dubai to meet 2020 targets

New tourism body established in Dubai to meet 2020 targets

A new tourism body has been established to help Dubai reach its target of attracting 20 million visitors a year by 2020. Summary Dubai Corporation for Tourism and Commerce Marketing has been set up by the city’s ruler The tourism body will put the emirate on track to fulfil its aim of attracting 20 million… Read more »

Dubai’s tram network to boost demand for property in the emirate

Dubai’s tram network to boost demand for property in the emirate

Areas in the emirate including Dubai Marina are expected to witness a boost in property investment as the tram system approaches its launch date. Summary Dubai’s new tram network set to boost interest in residential property System offers alternative commuter transport to nearby business hubs Attractive yields in Dubai Marina appealing to investors Dubai’s new… Read more »

Buy-to-let lending increases across all property types in 2013

The number of buy to let products on the market has passed 550, as lending increased throughout 2013 on the back of a positive property market. The number of products in the buy-to-let sector topped 550 in the final quarter of 2013, according to the Mortgages for Business Complex Help to Buy Index. New purchases… Read more »

Foreign investors accounted for half of all Dubai property deals in 2013

Foreign investors accounted for half of all Dubai property deals in 2013

Growing international interest in Dubai’s property market saw foreign investors account for almost half of all real estate deals closed in the emirate in 2013. Summary Investors from 162 countries closed property deals in Dubai last year Indian, British and Pakistani nationals led the way, ploughing a combined AED37 billion into Dubai’s real estate sector… Read more »

Investors turn to complex deals as rent growth slowed by 1.7% in 2013

A higher number of investors are considering more complex buy-to-let deals to safeguard returns, according to Mortgages for Business. Buy-to-let investors are using more complex deals to safeguard their returns and gain higher yields, says the Director of Mortgages for Business. David Whittaker made the claims after LSL Property Services’ Buy-to-Let Index suggested more people… Read more »

One in five landlords cuts short holidays to help tenants in need

One in five landlords cut short holidays or put other plans on hold in order to help their tenants in 2013, when other assistance was unavailable One in five landlords has returned early from a holiday to help out their tenants when other forms of help have been unavailable, according to research by AA Home… Read more »

Moving into new homes on agenda for one in four UK adults

More than a quarter of adults in the UK are planning to move in to a new property in the coming year, with those in London most keen to move A quarter of adults in the UK hope to move in to a new property in 2014 as the recovering economy enhances their ambitions, according… Read more »