The UK property market continues to experience an imbalance between supply and demand with record numbers of tenants and buyers seeking property. In Dubai, the property market is experiencing growth with predictions for further increases being supported by the Dubai Expo 2020.
Read more of the latest news in our weekly round-up.
The Duke of Cambridge has landed in Dubai to celebrate the UK and discuss achieving “a more sustainable world” through his environmental projects. Prince William will join events showcasing British talent at the Dubai Expo 2020. Read more.
Stolen Bitcoin worth more than $4bn (£2.9bn) has been seized by the US Department of Justice – the largest ever confiscation of its kind. Caught out when attempting to launder the money that was stolen by a hacker who breached a cryptocurrency platform in 2016 – The hacker allegedly made off with nearly 120,000 Bitcoin. Then valued at about $71m, its value now exceeds $5bn. Read more.
The latest luxury Swiss smartwatch is looking to ease battery longevity concerns—and entice fitness fans. Tag Heuer Wants to Lure You From Apple Watch, focusing on durability the company are introducing a battery replacement service or Connected models released from 2020. Learn more.
“Failing to plan is planning to fail”
At the early stages of every investor’s journey, a proposal is put forward highlighting the strategy Thirlmere Deacon would recommend to allow the investor to achieve their goals – without a plan, investors can come unstuck and make uninformed decisions.
A recent survey has confirmed that UK property transactions are returning to pre-pandemic levels amid a surge in buyer and tenant demand. The Royal Institution of Chartered Surveyors (RICS) said a net balance of 74% of its members reported a rise in house prices in January, the highest figure since July. Read more.
Rents increased by 8.3% in the final three months of 2021, the fastest rise in a decade, pushing rents to near £1,000, according to Zoopla. Read more.
The Dubai property market is expected to benefit exponentially from Expo 2020’s transition into District 2020, which is planned to be a sustainable and mixed-use community with residential and commercial spaces to retain and reuse at least 80 per cent of the infrastructure used for the world’s largest expo. Read more.
Have a great weekend!