The Elizabeth Line, which is one of Europe’s biggest transport infrastructure schemes, is finally set to open in London on 24 May 2022. The aim of this railway line is to connect east and west London, in addition to the commuter towns to the east and west of the capital. Revolutionising travel across London This new railway is the most significant investment to London transport in decades and is set to...
What does rising interest rates mean for property investors? On Thursday 5 May, the Bank of England increased the base UK interest rates from 0.75% to 1.00%. This 0.25% rise is the fourth consecutive increase since December 2021. What has been happening to interest rates? In December 2021, the base interest rate was increased from 0.10% to 0.25%. Then, in February 2022, this was increased to...
From 30 June 2022, UK ground rent charges will be banned on most new leases in England and Wales. This move by the government forms the first part of a leasehold reform package that is aimed to make homeownership fairer, cheaper and more secure. What are leasehold properties? Before talking about the details of the new ground rent reform, it’s crucial to understand what leasehold properties...
If you’re looking to move to Dubai or invest in property in the city, the UAE has recently announced important changes to the Dubai Golden Visa for international property investors.The Golden Residence Scheme is a long-term visa offering 10 years of residence. These updates will simplify eligibility criteria and provide additional benefits and flexibility to visa holders.With an aim of strengthening the...