Weekly Property News Round Up – 09.10.21

Weekly Property News Round Up – 09.10.21

I hope you’ve had a happy and productive start to the final quarter of 2021. We at Track Capital would like to pose a question to you today:

When it comes to property investment, what have you always wondered about?

Perhaps you’ve always wondered about why some properties are cash-only, or what the smallest amount you could potentially use to invest is? Maybe you’re not sure whether you could invest overseas or want to know more about how due diligence is performed on off-plan developments.

Whatever your question, we would love to have a chat with you to fill in the gaps and share our knowledge. Contact us here or simply reply to this email and we’ll be in touch with you shortly.

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.

Episode 34: Nick & Tobi Answer Your Frequently Asked Investor Questions – The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well.

We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property News This Week

  • Rental Demand in Cities Rises by 9.9% – Estate Agent Barrows and Forrester have revealed that rental demand has increased by 9.9%. This comes from the data analysis of 23 prominent UK cities. This news is sure to be an especially welcome relief for inner-city landlords who struggled to find renters during the pandemic. The increase in rent demand is a good sign that the country is once again starting to stabilise. Some of the biggest rental demand increases have been seen in Cardiff, Bristol, Manchester and Birmingham
  • Dubai Real Estate Now Hits Dh 1billion Mark – Dubai has just hit its best September in eight years for property transactions, with 5,762 worth Dh16.2 billion recorded. 44% of these were for off-plan properties, which are gaining significant interest from investors. This exceptional growth can be attributed to a wide pool of international investors in the Dubai market. The UAE’s excellent handling of the pandemic has resulted in steady market growth since the end of 2020, with the upcoming Expo 2020 anticipated to drive further interest as it attracts millions of investors worldwide.
  • The Secret Billionaire UK Property Owners – Details have emerged from a BBC investigation and have been made public in the Pandora Papers leak that owners of over 1.5K UK properties have purchased these using offshore firms in an effort to shroud their identities. Collectively, these properties are worth an estimated £4bn and the beneficiaries range from high-profile foreign officials to individuals accused of corruption. Although ministers are now calling for a crackdown on cases such as these, where the risk of tax evasion and money laundering is highly probable, they are not the first of Conservative governments to promise legislation strict and open enough to make this a reality.
  • Biggest UK House Price Jump Since 2007 –  After the lifting of the first lockdown, the UK housing market experienced a dramatic rise as WFH buyers searched for larger properties, a move propelled by the SDLT holiday which ended only last month. As a result of this, by September 2021, UK house prices had grown by the most in nearly 15 years and according to Halifax, this trend is not expected to slow down any time soon


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.

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