Dubai is changing, as families from the UK and beyond are remaining long-term, according to a real estate expert based in the city. What is more, the city is producing new apartments that can facilitate newcomers gaining a golden visa without breaking the bank. PropertyWire spoke to Alex Johnson, CEO of investment firm Alexander Johnson […] The post ‘People are not leaving anymore’ – what’s changing in Dubai? appeared first on PropertyWire ..read more

The government is set to miss its 1.5 million housebuilding target by 388,000 homes in this parliament, according to analysis from think tank Centre for Cities. Greater London is set to miss its targets by 196,000, while other major cities will fall short by 96,000. Centre for Cities argued that the government needs to either […] The post Housebuilding target to be missed by 388,000 appeared first on PropertyWire ..read more

There was a 16.5% increase in new projects being ordered in the second quarter of 2024, which should give the sector renewed confidence. Construction output also saw a modest 1% increase in Q3, according to the UK Construction Market Outlook Report by cost and project management consultant Currie & Brow. Despite this positivity there are […] The post Construction confidence improving amidst rise of orders appeared first on PropertyWire ..read more

Housebuilder Vistry Group is delivering 430 new homes in Margate, Kent. Some 140 of these will be under its Linden Homes brand at Westwood Point, with 290 coming under its Bovis Homes brand at Artemis View. Some 124 have been designated as affordable housing available for local people through low-cost rent or shared ownership. Mary […] The post 430 homes coming to Kent appeared first on PropertyWire ..read more

A new survey from Butterfield Mortgages Limited (BML) has revealed that UK buy-to-let (BTL) landlords place the highest value on brokers’ expertise in tax and regulatory matters, emphasising the need for brokers to provide knowledgeable and informed guidance. The London-based mortgage provider commissioned an independent survey of 501 UK landlords with BTL mortgages. Those who […] The post Landlords value tax and regulatory expertise most when choosing brokers, survey finds appeared first on PropertyWire ..read more

Andy Jones, group director of corporate & Build to Rent at Leaders Romans Group (LRG) Government support for increased professionalism in the rental sector Fortunately for property investment, the government’s political ambition – and self-imposed, non-negotiable target – of delivering 1.5 homes this Parliament, requires that investment in residential property is encouraged. Fiscal changes With […] The post 2025 predictions for residential property investment appeared first on PropertyWire ..read more

The Labour government has set a five-year target for remediating buildings with flammable cladding. By the end of 2029 the government said all 18m+ (high-rise) buildings with unsafe cladding in a government-funded scheme will have been remediated. At the same time 11m+ buildings will have either been remediated, have a date for completion, or the […] The post Government vows to speed up cladding remediation appeared first on PropertyWire ..read more

Ian Barnett, national land director, Leaders Romans Group (LRG) The ‘Grey Belt’ works well as a slogan: it’s simple and concise, visual and intriguing. As intended, it immediately evokes images of unattractive scraps of land which would benefit from redevelopment. As such, it both questions the validity of the Green Belt and suggests a solution […] The post The Grey Belt: A soundbite in need of a policy? appeared first on PropertyWire ..read more

Property prices rose by 1.2% in October after dipping in September, Nationwide’s House Price Index has revealed. This has brought annual house price inflation to 3.7%, up from 2.4% in September. The average UK house price currently stands at £268,144, just 1% below the record highs recorded during the pandemic. Sarah Coles, head of personal […] The post Nationwide: November house prices bounce after Budget blip appeared first on PropertyWire ..read more

Islamic fintech firm Offa has acquired Bank of Ireland’s Alburaq Sharia-compliant home finance portfolio, which includes more than 350 home purchase plans (mortgage equivalents). Birmingham-based Offa worked with global law firm Norton Rose Fulbright to create a sharia-compliant funding structure, overcoming tax legislation issues affecting Sharia-compliant finance firms – and became the first financial institution […] The post Islamic lender purchases Bank of Ireland loan book appeared first on PropertyWire ..read more