UK rental market trends differ depending on the area and the type of property. In trendy regions for escaping Londoners, house rent prices rose to 20% during the Q2 already and are not getting any lower by the end of the year.
Since the U-turn of the current government in planning reform, there is a slight probability, that supply of the new homes will rise as steadily as it was expected. House prices in Cambridge now are 16 times the average salary in Britain — up from four and a half times in 1997.
Despite the pandemic disruption, the UK has No Time to Die. In Q1, Cineworld reported a loss of $3 billion, but this week shares in the FTSE 250 company rose by 8½p, or 11.9 per cent, to 80p, their highest price since early July. Besides, it is not only entertainment that brings good news about the UK economy.
The Oracle Capital Group follows the situation in offshore jurisdictions where we help our clients to set business presence. We share important news from key locations. This September update covers Ireland, Mauritius, Cayman Islands and Singapore.
Family office unlocks new opportunities on public markets, like access to exclusive pre-IPO offers and assistance with portfolio construction. That includes asset allocation plan development, manager selection, vehicle structures, and in-house portfolio management.
From the beginning of 2025, all newly rented properties will need to have a certification rating of C or above. Existing tenancies will have to ensure compliance until 2028. Then all rented residences from 2028 will follow, and new regulations will apply to every domestic or private rental property on a lease between 6 months to 99 years.
According to the Ministry of Housing, Communities and Local Government data, more than 55.5 thousand people purchased their homes during the last 12 months. The government started to advance equity loans as early as 2013. Since then, more than £20 bn of financing has helped more than 320 thousand households to benefit from the scheme. 82% of them were first time buyers.