RECENT NEWS

Keep up to date with the latest news from Downtown International.

Arabian Property Awards

Overseas Buyers Snapping Up Prime London Property

Despite the pandemic and Brexit concerns Knight Frank Private Office and other luxury real estate brokers are reporting increases in purchases of high-end properties by wealthy overseas buyers. Purchases of luxury London homes increased by 16% in the first eight months of 2020 to £1.1bn. Significantly brokers are reporting that buyers are prepared to by without physical viewings with one seeing 22% of sales to such buyers. There are many reasons for this demand including the traditional attractions of London, education and the fact that the other major financial hubs, Hong Kong and New York are seeing social unrest.

Posted by: Kelvin Tayfield, Sat, Nov 21st 2020

Arabian Property Awards

Manchester and Birmingham To Lead Property Investment Growth

According to the latest research report by leading property firm JLL, the two UK powerhouse cities will see the highest growth in both capital values and rentals over the next five years. As we previously highlighted, more and more investors are turning to the stability of UK buy to let properties due to volatile equity markets and low interest rates. JLL forecast 19.5% capital growth for Birmingham by 2025 and 18.5% for Manchester outstripping the forecast national average of 14.5% which is still reasonable considering the after effects of the pandemic and Brexit uncertainty.

Posted by: Kelvin Tayfield, Sat, Nov 14th 2020

Arabian Property Awards

UK Housing Boom Set to Continue Despite Lockdown

Unlike during the first lockdown the real estate industry in England is allowed to stay open this time around. Viewings subject to social distancing rules will still be allowed, surveyors can conduct valuations and moving home is permitted. Given that buyers will now have more time to focus on home buying, the stamp duty holiday deadline draws closer and the new home shortage continues, experts expect the market to maintain the upward trajectory.

Posted by: Kelvin Tayfield, Sat, Nov 7th 2020

Arabian Property Awards

UK Build to Rent Investment Hits Record High

Newly released figures from CBRE show that £1.43bn was invested in this sector in Q3 this year, the highest quarter on record. In fact, the property company believes the figure would be even higher with a further £1.4bn under offer at the end of the period. The global pandemic has resulted in a renewed focus on secure, resilient long-term investments which UK rental properties have proven to be. Build to rent projects in regional cities that offer modern living spaces, luxury facilities and easy commutes are by far the most popular for investors since the pandemic struck. CBRE also stated that many new investors specifically targeting these locations have emerged resulting in a very optimistic outlook for the sector.

Posted by: Kelvin Tayfield, Sat, Oct 31st 2020

Arabian Property Awards

UK High Value Property Transactions Increase

Figures from Savills show that it’s not only lower value properties that are seeing good volumes. The property firm’s research revealed an increase of 66% in transactions since June for properties over £1m compared to the same period last year. It seems there is still plenty of momentum left in the system as property portal Rightmove reported that enquiries with agents from prospective buyers are up by a similar percentage compared to a year ago.

Posted by: Kelvin Tayfield, Sun, Oct 25th 2020

 

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