Month: June 2016

UK one-bedroom rental costs now almost 50% of average wage

UK one-bedroom rental costs now almost 50% of average wage

The popularity of the private rented sector and supply shortage of appropriate rental accommodation across the UK has seen rental costs of one-bedroom properties rise. Summary: The cost of renting a one-bedroom property in the UK has risen to 48% of the average under-30’s take-home pay Renewal of tenancies sees the biggest jump in costs,… Read more »

51% fall in UK property supply since 2008

51% fall in UK property supply since 2008 "Growth of private rented sector" contributing to rapid decline in available stock as investors continue to achieve strong capital gains. Summary: The number of new properties available to buy in the UK has fallen by 51% over the last eight years Scarcity of stock saw prices rise in every region of the country last month... Read more »

39% of UK landlords report rental demand increase in 2016

39% of UK landlords report rental demand increase in 2016

The popularity of the private rented sector continues to grow as an increasing number of tenants view their rental property as home and find rental costs good value for money. Summary: Some 39% of UK landlords report that tenant demand has increased in the first quarter of 2016 Research found that 85% of tenants see… Read more »

Manchester property supply fallen 70% since 2008

Manchester property supply fallen 70% since 2008

Property supply coming to market in Manchester has fallen far more than the national average, experiencing a 70% drop in the last eight years. Summary: Property stock in Manchester has fallen by 70% since 2008, with two bed homes across the region experiencing the largest decrease at 75% Manchester’s fall in property stock was one… Read more »

Dubai’s private sector shows “robust” growth

Dubai's private sector shows "robust" growth

Increased demand for new work is creating a buoyant private sector in the emirate, as the non-oil economy continues to expand. Summary: Dubai’s property sector is currently enjoying a three month winning streak Rising sentiment across the retail, construction and travel and tourism sectors continues to ease the emirate’s dependency on the oil sector Dubai… Read more »

UK PRS experiencing shortage of stock after rental supply drops 15%

UK PRS experiencing shortage of stock after rental supply drops 15%

The private rented sector experienced a 15% drop in rental stock across the UK, with the sector needing to be professionalised to provide adequate accommodation to meet demand. Summary: Rental stock across the UK dropped by 15% in May, with over 90% of towns and cities across the nation recording a fall Due to increased… Read more »

South Africa heading into recession?

South Africa heading into recession?

The country’s economy slowed more than predicted in the first three months of the year, “painting a very bleak picture” for future growth prospects. Summary: South Africa is on course for its first recession in seven years This week Fitch followed Standard and Poor’s in sparing the country from ‘junk’ status, but the economy shrunk… Read more »

UK house prices increase by 9.2% year-on-year

UK house prices increase by 9.2% year-on-year

The UK property market outperformed forecasts, with house prices rising by 0.6% over the month of May and over 9% year-on-year. Summary: Property prices across the UK increased by 0.6% in May, twice the rise that was forecasted Investors have earned £1,268 on each property over the last month and over £17,000 over the last… Read more »