Dubai

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

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Equity release in UK reached new records in 2016

Equity release lending in the UK broke the £2 billion barrier for the first time in 2016, marking a landmark year for the sector, new figures show. Overall lending reached £2.15 billion for the year, an increase of 34% on 2015 with an additional £542 million of lending activity amounting to double the rate of […] The post Equity release in UK reached new records in 2016 appeared first on PropertyWire . Continue reading

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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

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