Month: August 2018

Record levels leaving London to buy property in UK northern cities

Record levels leaving London to buy property in UK northern cities

The proportion of people swapping the capital for cities such as Manchester has tripled since 2010, with greater affordability and stronger investment prospects prompting rising numbers to relocate.   Summary: London property’s affordability ceiling is triggering an exodus of workers from the capital Record numbers are permanently relocating north, to cities like Manchester, to get… Read more »

UK property: Supply of rental property continues to fall

UK property: Supply of rental property continues to fall

Despite rising demand, housing levels in Britain’s private rented sector are dwindling, highlighting the need for more investment in purpose-built rental property for the country’s growing number of tenants. Summary: Up to 4,000 traditional buy-to-let rental properties are being sold each month by private landlords New taxes introduced to curb buy-to-let investment are forcing more… Read more »

Bitcoin ban: Saudi Arabia investors to turn to property investment?

Bitcoin ban: Saudi Arabia investors to turn to property investment? With the trading of cryptocurrency in the Kingdom now outlawed, will investors in the country begin to consider more traditional investments, such as overseas real estate, once again? Summary: Cryptocurrency trading in Saudi Arabia has been made illegal following an announcement from the country’s financial legislator The volatility of new digital currencies and the security... Read more »

Global e-commerce giant invests £100 million into Manchester real estate

Global e-commerce giant invests £100 million into Manchester real estate

Booking Holdings is set to open new offices in the heart of Manchester city centre, continuing the surge in global investment into the UK’s number one investment city.   Summary: Booking Holdings, the world’s third largest e-commerce company, has announced a £100 million investment into a new 220,000 sq.ft. office space in Manchester city centre… Read more »

Will Turkey uncertainty prompt Kuwait investors to consider UK property?

Will Turkey uncertainty prompt Kuwait investors to consider UK property? With the lira falling to record lows and ongoing political and economic uncertainty, could real estate in the stable UK market help to diversify investment portfolios?   Summary: Political and economic instability in Turkey has prompted heavy losses for Kuwait investors with assets in the country The Secretary General of the Kuwaiti Real Estate Owners... Read more »

Leading Bahrain communications operator invests in UK

Leading Bahrain communications operator invests in UK Growing demand from its customers has increased the need for VIVA Bahrain to expand its footprint into London, at a time when the two countries continue to build closer ties with each other.   One of Bahrain’s leading telecommunications providers has deployed new points-of-presence in the UK It follows increased demand from customers and businesses... Read more »

UK property rents to rise 15% by 2023?

UK property rents to rise 15% by 2023?

Falling levels of supply could increase pressure on the market, with calls for rental market reforms such as more investment into the purpose-built rental sector.   Summary: The number of new rental properties coming onto the market in the UK is falling A new survey from the Royal Institute of Chartered Surveyors has found a… Read more »