Month: October 2016

US expats triple UK property investment post-Brexit

US expats triple UK property investment post-Brexit

As the pound fell to a 31-year low, Americans in the UK took advantage of this currency opportunity by buying up more British real estate Summary: The UK has seen a significant rise in property deals made by the 200,000 US expatriates living in the country One accountancy firm has recorded triple the number of… Read more »

Rental costs in the PRS up 2.3% year-on-year in UK

Rental costs in the PRS up 2.3% year-on-year in UK

As renting has become a lifestyle choice for millions, demand for high-quality properties in the private rented sector has seen upward pressure on rental costs. Summary: Demand for appropriate rental accommodation continues to grow across the UK, pushing rental costs up by 2.3% year-on-year Supply continues to fall far short of demand, with PwC estimating… Read more »

Manchester property sells 2 weeks quicker than UK average

Manchester property sells 2 weeks quicker than UK average

The northern city may have seen house prices rise by 9% year-on-year but that hasn’t stopped the appetite for Manchester property. Summary: Manchester is one of the most popular cities to live in the UK, with property selling two weeks quicker than the 91-day average Property across the UK is selling quicker than 2015, with… Read more »

South African economy at risk of downgrade to junk status?

South African economy at risk of downgrade to junk status?

As the country’s finance minister gives his mid-term budget, South Africa’s fiscal deficit may be larger than earlier forecast. Summary: A larger than anticipated fiscal deficit may be about to put South Africa’s credit rating on the verge of a downgrade to junk status A survey of Bloomberg economists estimates the deficit will only shrink to… Read more »

Dubai property: 85% rise in enquiries from Chinese investors

Dubai property: 85% rise in enquiries from Chinese investors

China’s biggest international property portal reports surge in interest for Dubai real estate, prompted by high yields and strong long-term growth forecasts. Summary: 2016 has seen a significant rise in the number of Chinese property investors looking to buy real estate in Dubai Juwai.com has seen an 85% rise in enquiries for property in the… Read more »

Manchester relishes literature greats at Circle Square

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Manchester commuters and residents will be turning the pages on a selection of great novels to mark the end of the 11th edition of the Manchester Literature Festival. Circle Square, the city’s newest neighbourhood on Oxford Road, held a ‘pop up’ library to hand out over 400 books signed by prolific authors including Margaret Atwood,… Read more »

Business as usual for four out of five property investors post-Brexit

Business as usual for four out of five property investors post-Brexit

Some 80% of investors have no intention to change their UK property investment plans following the vote for Brexit, with market sentiment at its highest level since June. Summary: Some 80% of investors won’t change their plans to invest in UK property following the result of the EU referendum Many investors see opportunity in the… Read more »

Ras Al Khaimah visitor numbers up 37%

Ras Al Khaimah visitor numbers up 37%

Double-digit growth in visitor numbers reported in the northern emirate, as Ras Al Khaimah aims to attract one million visitors by the end of 2018. Summary: Visitor numbers in Ras Al Khaimah rose by 37% in September, while a surge in summer tourism saw a 22.3% uplift in the number of guest nights spent at… Read more »