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More lettings stock, Brexit and stamp duty have had an impact on London rental market
An increase in residential lettings stock in London due to Brexit and stamp duty is having a downward pressure on rents, according to the latest analysis report. A return to rental growth, last seen in March 2016, is unlikely as tenants have adjusted to the current lower levels and more choice means they can afford […] The post More lettings stock, Brexit and stamp duty have had an impact on London rental market appeared first on PropertyWire . Continue reading →
Office property market in Scotland buoyant despite year of uncertainty
Despite a year of uncertainty, the Scottish office market remains buoyant, with 2.3 million square feet of lettings in 2016 across Aberdeen, Edinburgh and Glasgow, 10% above the long term average. The research data from the Savills office market watch report also shows that total office investment in the three cities in 2016 reached £565 […] The post Office property market in Scotland buoyant despite year of uncertainty appeared first on PropertyWire . Continue reading →
Rents and prices set to fall further in Abu Dhabi in 2017
Average residential rents and property prices in Abu Dhabi fell in 2016 and further declines are likely in 2017 due to new supply coming onto the market, the latest analysis report suggests. Apartment rents fell by 7% on average year on year and villas rents were down by 5% while average sale prices for both […] The post Rents and prices set to fall further in Abu Dhabi in 2017 appeared first on PropertyWire . Continue reading →