We had some incredible feedback from last week’s post where we asked subscribers to contact us with their questions on property investment.
We found that many of the questions received were around Purpose Built Student Accommodation. This is a lesser-known investment option that comes with some significant perks, including no stamp duty to pay and higher than average guaranteed yields.
Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you having to click through.
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- Investors Very Keen on Dubai Real Estate – Real estate deals in Dubai have reached record heights according to the chief commercial director and co-founder of Footprint Real Estate. With a recent shift in buyer focus toward a better quality of living, combined with Dubai’s attractive flexible regulations on foreign ownership, more investors have their eye on Dubai than ever before. The economic prospects in Dubai remain strong and bolster its position as a worldwide business epicentre. The anticipation for Expo 2020 is high as the event is expected to gather investors and potential real estate owners together in an exciting hub of lucrative property-based activity.
- Manchester Economy Gets £2m-Per-Week Boost from New Development – 520 new homes are set to be delivered with New Victoria, an up-and-coming Manchester development designed to regenerate a crucial section of the city centre. The development will employ some 550 people throughout construction and is intended to contain more than 450m2 of new landscaped public space for people to enjoy, which is the first green space in the area since the 1920s. This award-winning development is worth £130 million and is expected to generate a revenue of £2 million per week for Manchester City.
UK’s Global Investment Summit Approaches – Later this month, the Prime Minister will welcome global business leaders to the UK’s Global Investment Summit. World-renowned guest speakers at the Summit will discuss the leading role the UK has had in the area of life sciences, which will no doubt include the success of the Covid-19 vaccine roll-out. Promoting a greener agenda, honoured guest speakers will address opportunities for countrywide eco-friendly investment. Sponsoring this event is Accenture, a global innovator in state-of-the-art technology for businesses, partnering with the UK Government to help highlight the many exciting opportunities in the UK.
- Government Showing Support for Home Ownership – Newly-appointed Secretary of State Michael Gove has reiterated the 2019 vow to place homeownership as one of their fundamental values as this week the government has pledged nearly £58m to councils for the investment in new homes on brownfield land. The goal of this is to help more people become homeowners and give much-needed regeneration to local areas. One key aspect of the plan is to reinvigorate run-down and neglected sites, turning them into active communities where people can live and work. Another excellent part of this initiative is to protect the countryside and open greenery while securing a further 5600 new homes in the area.
That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected] – if not, see you next week.