Month: February 2016

Declining prime central London property sales cause price drop

Declining prime central London property sales cause price drop

Real estate transactions in London’s most exclusive addresses fell on average by 22% in 2015, as rising costs force more investors to look elsewhere. Summary: Sales of prime central London property fell by an average of 22% last year Declining sentiment caused values to drop by 1.3% per sq ft As property in the UK… Read more »

Property market sees biggest monthly price growth since 2002

Property market sees biggest monthly price growth since 2002

The average property value in England and Wales increased by 2.5% in January, the biggest growth for 14 years. Summary: January saw the strongest monthly price growth in the property market since 2002 Prices in England and Wales increased by 7.1% in 2015, adding almost £5,000 in value to each property The number of properties… Read more »

The private rented sector has doubled since 2002

The private rented sector has doubled since 2002 The popularity of the private rented sector continues to grow as an increasing number of 25 to 29-year-olds and families prefer to rent over owning. Summary: The private rented sector has almost doubled from 10% to 19% of households since 2002 An expanding range of demographics who find the PRS appealing has seen the number... Read more »

Demand for UK PRS property outstripping supply

Demand for UK PRS property outstripping supply

The need for more build-to-rent investment is underlined as the number of properties available to rent falls to lowest level for 12 months. Summary: Levels of stock in the UK’s private rented sector suffered a 5% month-on-month fall in January 2016 Supply is now at its lowest level since records began at the start of… Read more »

South Africa’s economy “in crisis”─ time to invest overseas?

South Africa's economy “in crisis”─ time to invest overseas?

As the country’s finance minister makes the dour assertion, does a declining economy increase the need for South Africans to get their money out? Summary: South Africa’s economic growth forecast has been cut down to 0.9% as the country’s finance minister declares the economy is “in crisis” The struggling rand fell by a further 2.25%… Read more »

25% of UK property is earning more than its owner

25% of UK property is earning more than its owner A quarter of all property in the UK is experiencing price growth that is outpacing the average salary. Summary: 1 in 4 properties within the UK are increasing in value so rapidly it is ‘earning’ more than their owner According to Halifax, the average cost of property in the UK is now £212,430, a year-on-year... Read more »

Why are Kuwaiti’s big international property investors?

Why are Kuwaiti's big international property investors? From the UK to Dubai, Kuwaiti's invest billions into overseas real estate every year. So what prompts the country's investors to seek international assets? And what are many of them looking for? Small in land area and population it may be, but Kuwait is a country of high international significance. Its GDP per capita in... Read more »

Dubai yields hitting 10% in 2016

Dubai yields hitting 10% in 2016

The average cost of renting in Dubai increased by 3% in January, with some areas achieving average yields of 10% and demand expected to continue. Summary: Dubai’s real estate market started 2016 strong, with average rental costs in the emirate increasing by 3% Studio apartments offering the highest average yields at 7.2%, with returns in… Read more »