Month: June 2016

Families now make up 48% of the UK private rented sector

Families now make up 48% of the UK private rented sector

The PRS continues to grow in popularity for a multitude of demographics across the UK, with families now the most common household type in the sector. Summary: Families now make up the majority of the PRS, with 48% of landlords renting to families with children The appeal of renting continues to broaden as it offers… Read more »

North-west England sees biggest rise in property asking prices

North-west England sees biggest rise in property asking prices Average values in the region grew by 2.2% in June, as the nationwide average hits new record high in the face of huge demand and low supply. Summary: Average property prices rose fastest in the north-west in June UK average values have now reached a record high of £310,471 The slowdown in available property coming... Read more »

Hong Kong property sales down 11% year-on-year

Hong Kong property sales down 11% year-on-year

The Hong Kong property market is not set for a recovery in the near future, with Knight Frank predicting that prices could fall by a further 10%. Summary: The Hong Kong property market saw property sales fall by 11% in the last year Prices dropped for seven consecutive months, with mass residential prices leading the… Read more »

Number of retired renters in UK grow by 200,000 in four years

Number of retired renters in UK grow by 200,000 in four years

Renting across the UK is growing in popularity across every demographic, with 200,000 more retirees choosing to rent in the last four years. Summary: The private rented sector continues to diversify in popularity, as the number of retired renters increases by 200,000 since 2012 With some 17% and 15% of the retired renting population living… Read more »

Lack of labour slowing UK property construction growth

Lack of labour slowing UK property construction growth 73% of housebuilders believe the lack of labour is stifling the supply of new real estate units in the UK. Summary: A survey of British housebuilders finds growing sentiment that the lack of available labour is currently one of the biggest challenges in the UK property market 73% of respondents state that the cost of... Read more »

Ras Al Khaimah hotel occupancy rate up 18% year-on-year

Ras Al Khaimah hotel occupancy rate up 18% year-on-year

Ras Al Khaimah’s tourism strategy to attract one million visitors to the emirate by the end of 2018 by creating sustainable tourism growth looks to succeed as hotel occupancy rates climb by 18%. Summary: The emirate has recorded a hotel occupancy rate of 71% in the first three months of 2016, an 18% rise on… Read more »

Foreign investors driving prime Dubai property prices

Foreign investors driving prime Dubai property prices

Prime residential and commercial values rose in Q1 2016 as investors continue to recognise Dubai as the Middle East’s top real estate destination. Summary: Luxury and high-end residential and commercial properties in Dubai are gaining strong foreign investor sentiment Values rose by 2% in the first quarter of the year British investors spent £1.9 billion… Read more »

Property prices in the north-west up 2.3% in April

Property prices in the north-west up 2.3% in April

Between March and April property in the north-west of England experienced the biggest price increase in the UK. Summary: Property in the north-west of England saw prices increase by 2.3% in April, the most in the UK Prices rose in all parts of the UK over the last 12 months, with the average UK property… Read more »