The latest survey from the Royal Institute of Chartered
Surveyors has revealed a surge in demand for UK property and the
fastest rise in house prices since their peak of seven years ago
and a surge in demand for UK property.
RICS are not alone in claiming that investors are clamouring to
return to the property market. This month's London Residential
Review, produced by Frank Knight, also showed that international
investors are driving investment in prime residential property.
For overseas investors, the weak pound and low interest rates
have driven capital growth in house prices considerably. Taking
currency fluctuations into account, Knight Frank is predicting
double-digit growth in capital for investors from Europe, USA,
Middle East and Asia. For sterling investors, the anticipated
growth is 26% – somewhat better than the meagre rates being
offered on cash right now.
RICS said that although London and the areas around it continued
to see the biggest price increases, every region saw prices rise.
July saw an acceleration in the housing market recovery that has
been running for some time. The growth was seen across the UK. The
recovery might have been initially focused in the south-east, but
is spreading across the country.
RICS particularly saw growth in the west Midlands and the North
East, areas which have suffered more than most since the market
crash. It is not unusual for us to see our clients achieving double
digit income returns on residential property investments. One
recent client even expects to receive an income of 15-18% from his
Colliers International also see sustained growth and returning
investor confidence in the commercial property market. In its real
estate investor forecast, Colliers predicts steady income returns
as well as 0.5% rental growth and 3.4% capital value growth. Again,
international buyers are playing a major part in the UK commercial
property market and they are venturing beyond London to the regions
in search of yield.
Dougie Lawson, of Lawson and Partners, a property investment and
asset management consultancy practice, said: 'There are many
opportunities available for investors to diversify their portfolio.
It is possible to buy an "institutional grade" investment
property for less than £1m. and with less than £0.5m.
Notably, we have recently acted for a number of investors,
together with Lawson & Partners, who have purchased commercial
investments from Lateral Property Group, one of the UK's most
active developers of food stores, retail units and restaurants.
Steven Redgrave, managing director of Lateral, said the company had
achieved notable success, completing 34 development projects in the
food store, retail and leisure sectors in the past four years, and
with a 'substantial' forward pipeline.
Specifically, Lateral has completed and sold 16 convenience
stores in the UK, with eight more due to complete this year. The
stores are pre-let to Tesco, Sainsbury's or Morrisons,
generally on 20-year leases with upwards-only reviews, pegged to
A current example as illustrated is a Tesco Express, which is
under offer at 6.25% in Peterborough off an initial rent of
We are helping property investors on the ground here in Channel
Islands through the entire process of buying, selling and
refinancing UK property.
We have a really strong network and can introduce clients to key
people including be agents, surveyors, or property tax accountants
to make the entire process absolutely seamless. As people who love
property, we are always happy to talk all things property.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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The process for obtaining planning permission for development of property in the Cayman Islands has been updated as a result of the latest revision of the Development and Planning Law and accompanying regulations (July 2015).
In principle, when the parties agree to arbitrate, they shall be
bound by that agreement. It should therefore follow that when a
party initiates arbitration proceedings, the other party - the
respondent – will avail itself of the opportunity to present
its case and participate in the proceedings.
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