Month: August 2016

25,000 new buildings currently under construction in Dubai

25,000 new buildings currently under construction in Dubai

Residential skyscrapers and villas make up some of the projects currently in development in the city, as Dubai gears up for Expo 2020. Summary: Over 25,000 developments are currently being built in Dubai The first half of the year saw a 20% increase in the number of structural audit requests over the same period in… Read more »

Proportion of UK investors looking to purchase increases post-Brexit

Proportion of UK investors looking to purchase increases post-Brexit

Following the vote to leave the EU, the UK property market continues to inspire confidence in investors, with almost 60% planning to add to their portfolio in the next year. Summary: In the wake of the UK voting to leave the EU, some 57% of investors feel confident about the property market over the next… Read more »

UK property prices rise 8.7% in June

Property makes more money than shares over the past 10 years Average property in Britain now worth £214,000, with "the underlying lack of supply" likely to push prices further in the long-term post Brexit. Summary: British property prices rose by 8.7% on the year in June While growth may slow following the vote for Brexit, the lack of housing supply is likely to ensure growth continues in... Read more »

Singapore property market faces $2.7 billion in debt maturities

Singapore property market faces $2.7 billion in debt maturities

With the Singapore property market expecting S$2.7 billion worth of debt to mature in 2017, banks are warning investors they won’t be “adequately rewarded” if they purchase property. Summary: Builders and trusts in Singapore face almost S$3 billion in debt maturities by the end of 2017 International banks have warned against using smaller builders as… Read more »

7 UK property things we’ve learnt since Brexit

7 UK property things we've learnt since Brexit It's been seven weeks since the UK voted to leave the EU - so what's happened to the property investment landscape during this time? It was one of the most significant political moments in British history. On June 23rd, millions of Britons voted to leave the European Union. It was a result that prompted many... Read more »

Demand for UK rental properties increases by 10%

Demand for UK rental properties increases by 10%

Those turning to the private rented sector has increased since the result of the EU referendum, while the London property market has witnessed the first drop in rental costs in six years. Summary: The PRS has seen demand increase by 10% following the vote for Brexit On average, the PRS in the UK has grown… Read more »

Government backs long-term tenancies in UK’s PRS

Government backs long-term tenancies in UK's PRS New housing minster backs frameworks that support long-term tenants as the build-to-rent sector continues to demonstrate strong growth. Summary:                             The UK’s new housing minister has promised to “look at what more we can do” to further support the country’s rising number of long-term tenants Gavin Barwell states that he’s working with the private rented sector... Read more »

Brexit creates a “solid opportunity” for South African investors

Brexit creates a "solid opportunity" for South African investors South Africans can buy properties in key UK cities such as "Manchester at a 15% discount” to what they could five weeks ago. Summary: The UK’s vote for Brexit has created a “solid opportunity” for South African investors to diversify their portfolios with British real estate Following the referendum result the pound fell to its... Read more »