Central London
Rents outside of London up by 2.3% year on year but flat for fifth month in a row
Rents paid by private sector tenants in Great Britain outside of London rose by 2.3% in the 12 months to December 2016, unchanged for the fifth month in a row, the latest official figures show. In England rents were up by 2.5%, in Wales they increased by 0.3% and in Scotland they were up by […] The post Rents outside of London up by 2.3% year on year but flat for fifth month in a row appeared first on PropertyWire . Continue reading →
Rate of residential rental growth halves in Great Britain in 2016
Rents grew by 1.6% in 2016 across Great Britain to reach an average of £927 per calendar month, but this was the lowest annual increase for seven years and half the rate of 2015, new data shows. In London average rents ended the year 2.9% down on 2015, the largest fall since March 2009, to […] The post Rate of residential rental growth halves in Great Britain in 2016 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 →