Month: April 2016

UK PRS supply falls to lowest level since January 2015

PRS supply falls to lowest level since January 2015

Supply within the private rented sector (PRS) fell by 4% in March, dropping to the lowest level since 2015. Summary: Rental property supply fell in March and further falls are expected Demand will continue to outstrip supply as 17,500 households enter the PRS every month As professionalism of the PRS has “full support” from the… Read more »

Build-to-rent regulation to improve conditions for Generation Y?

Build-to-rent regulation to improve conditions for Generation Y? New survey shows how many young tenants suffer at the hands of rogue landlords, underlining how the UK's PRS needs greater levels of professionalism. Summary: Generation Y tenants are more likely to fall victim to rogue landlords and poor property management Over half of 25 to 34-year-olds have experienced landlords selling their rental property without... Read more »

56% increase in demand for Northern Powerhouse office space

56% increase in demand for “Northern Powerhouse” office space

Office space in the Northern Powerhouse is proving more than twice as popular as that in London, with a 56% increase in the first three months of 2016. Summary: Demand for office space in five key northern cities is 56%, a rate that is over twice that of London at 21% Completion of Northern Powerhouse… Read more »

Explained: The Northern Powerhouse & Manchester Property Investment

Explained: The Northern Powerhouse & Manchester Property Investment It's made many headlines over the last few years, but what exactly is the Northern Powerhouse? And how will it affect real estate investment in the region? Is it an idea? Is it a place? Is it happening right now? Over the last two years the term ‘Northern Powerhouse’ has made headlines from Sheffield to... Read more »

Northern Powerhouse: Direct foreign investment ‘very important’

Northern Powerhouse: Direct foreign investment 'very important' 62% of delegates surveyed at February's International Exhibition believe attracting investment overseas will drive the growth of the northern economy. Summary: The north of England must “increasingly work to a global market” to drive future economic growth 62% of surveyed delegates at the Northern Powerhouse’s recent international conference state attracting foreign investment as “very important”... Read more »

UK city house price growth highest for 12 years

UK city house price growth highest for 12 years

A new index by Hometrack highlights that property prices in key UK cities are growing at their highest rate for 12 years. Summary: In the first three months of 2016 UK property prices grew by 4.2% in key cities The annual price growth in 20 key cities is 10.8%, ahead of the national average at… Read more »

UK PRS “important” part of housing sector says minister

UK PRS "important" part of housing sector says minister Housing Minister Brandon Lewis "fully supports" a move towards a professional rental sector in the face of new tax hikes for buy-to-let investors. Summary: The UK’s Housing Minister has stated that he “fully supports” the professionalisation of the private rented sector Brandon Lewis believes that the recent tax hikes on buy-to-let property will create “a... Read more »

Real estate investment in Singapore falls 74%

Real estate investment in Singapore falls 74% Singapore’s property market continues to stagnate as investment sales dropped by almost 75% in the first three months of the year. Summary: The number of investment deals in Singapore hit the lowest level since 2009 Uncertainty in the global economy saw sales fall from almost £3.5 billion to £890 million in Q1 2016 Singapore property... Read more »