economy
Housing stock value in UK passes £5 trillion for the first time
The total value of all homes in the UK rose to a record £6.79 trillion last year with the South East outperforming London, new research shows. Overall growth of £491 billion underscored housing’s status as the UK’s greatest store of wealth, according to latest analysis from international real estate adviser Savills. It means that privately […] The post Housing stock value in UK passes £5 trillion for the first time appeared first on PropertyWire . Continue reading →
Report sets out barriers facing smaller builders eager to tackle housing crisis
Numerous and varied barriers, including finance, planning and red tape are preventing smaller firms from playing a bigger part in tackling the housing crisis in the UK, according to a new report. Over the past 25 years the number of SME builders has reduced by around 80%, but just getting back to the number operating […] The post Report sets out barriers facing smaller builders eager to tackle housing crisis appeared first on PropertyWire . Continue reading →
Residential market in Dubai close to bottom and likely to stagnate in 2017
Lower oil prices and currency changes affecting expats have affected Dubai’s residential real estate market with prices and rents still down in the fourth quarter of 2016 but now close to bottom. But the decline in the market is slowing and property experts believe that rents and prices will be more stable in the first […] The post Residential market in Dubai close to bottom and likely to stagnate in 2017 appeared first on PropertyWire . Continue reading →