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From the 11th to the 14th of March, thousands of investors, companies and exhibitors working in the real estate industry will descend on the halls of the Palais des Festivals in Cannes for the annual MIPIM event. Representatives from 80 different countries will be attending, along with 4,300 investors, 2,000 exhibiting companies, 3,000 CEOs and chairmen and over 20,000 individual participants. The event will cover a vast range of real estate sectors, from sport, logistics, industrial and retail to residential, office and healthcare.
The event is the most prestigious of its kind and this year it will be celebrating its 25th anniversary; as we’re also celebrating our own anniversary, we thought it would be great for us to head down to Cannes for the four day event. We hope that MIPIM will allow us to gain a better insight into the latest industry trends, as well as being an opportunity for us to find partners and learn about new projects.
Emerging Real Estate was founded ten years ago and our goal has always been to offer outstanding and secure property investment opportunities for our clients. We have had enormous success in our work, with lots of trade both in the UK and overseas markets; but, like any thriving business, we’re always looking to expand and develop. We hope MIPIM will enable us to reach out to potential developers and discuss future projects with them.
MIPIM will be the perfect opportunity for us to explore other real estate projects from across the globe, whilst also learning about key trends that are likely to shape the future of our industry. We believe that deep and current relationships affect new relationships, and so the event will offer us a great chance to meet old friends - but also make new acquaintances.
We are specialists in our niche field, trading solely in the residential real estate market. The majority of attendees at MIPIM will be trading in commercial property markets, so it’s important that we draw out those relevant to our line of work. Of all the people attending the event, we estimate that around 10-15% will be working within the residential real estate market. We specifically want to target UK residential developers; it is our aim to develop a synergy with these developers and look towards creating rich, valuable and long-lasting partnerships with them.
We at Emerging Real Estate are serious about what we do and strive to offer only the very best services to our clients. Events like MIPIM are important to us, as they help us to strengthen our knowledge of the marketplace, identify new opportunities and form lifelong partnerships. All of this will enable us to further learn, grow and develop in our line of work.
Liverpool is one of the UK’s most thriving and vibrant cities, attracting thousands of visitors and new residents each year. Since being the first English city to be awarded the European Capital of Culture back in 2008, Liverpool has gone from strength to strength in terms of economy, culture and investment. With a number of exciting new developments and events lined-up for 2014, it couldn’t be a more perfect time to invest in Liverpool.
Recent developments have shaped Liverpool into a buzzing and culturally diverse city, such as the construction of the 14,000-capacity Echo Arena that attracts some of the biggest names in the music industry. Perhaps the largest project in recent years was Liverpool’s waterfront, which underwent an enormous transformation and is now the centrepiece to the city, boasting an impressive line-up of restaurants, bars, shops, office space and accommodation. The waterfront is home to the Museum of Liverpool, and work has recently begun to create a £66 million Exhibition Centre.
With all of this taking place, it’s no wonder that the housing market in Liverpool has boomed. Liverpool Residential released figures for Q4 2013 which revealed that house sale prices were up by 3.11% on the year, whilst lettings were up 1.51% compared to 2012. The city is in such high demand that it has run out of lettings for the fifth year in a row.
The market shows no signs of slowing down; Help to Buy schemes have been added, the rates remain competitive and rented property is filling up quicker than ever before. In fact, Savills research predicts a 19.3% rise in house prices from now until 2018. The city’s three universities continue to grow in popularity with each year and contribute greatly to the rental market.
In terms of business in Liverpool, the city’s economy is worth a staggering £106 billion and is the fastest growing economy outside of London. In regard to sectors, the wealth management industry is pinned at £12 billion, making it the second largest area for this industry behind the UK’s capital. The shipping industry in Liverpool is also thriving, being the busiest port for American trade and the largest Freeport Zone in the whole of the UK.
Between last year and 2016, Liverpool Vision’s goal is to boost the city’s economy even further by creating 5,400 jobs, 540 businesses and attracting £500 million of private sector investment. There is also an aim to help existing business grow and develop further, as well as to make investments in international locations including Germany, the US and China.
Several events have been scheduled for this year to help Liverpool achieve these economic goals. The city will host the International Festival for Business in June and July this year, which will be the largest international business event in the world; over 100 events will take place and business representatives from over 125 countries are expected to attend.
As well as business events, cultural activities are also expected to attract thousands of visitors to the city, such as Liverpool Biennial, the ten-week contemporary arts festival which will take place in the summer.
The outlook for the UK property market once again looks positive – rents are continuing to rise across all parts of the country and with mortgage availability also on the up many landlords both new and experienced are now seeing buy-to-let property as a lucrative investment opportunity.
Bank of England Governor Mark Carney has predicted stable interest rates for the next few years, at least until the UK unemployment rate falls below 7%. This will allow lenders to offer cheap mortgages to buy-to-let landlords and whilst new supply remains low, landlords should expect to see steady capital growth over the coming years. According to Homes & Property online, “40,000 buy-to-let mortgages
were approved between April and June 2013 - 19 per cent up on the previous quarter”
Whilst the Government’s newly launched Help-to-Buy scheme does not directly help those looking to buy a second property it aims to bring more first time buyers to the market which will have a positive impact on house prices. Though the scheme aims to attract people out of the ever-swelling rental market and into the housing market, many analysts believe that buying a first home is still a difficult
aspiration. House prices are rising mainly due to the lack of new homes coming to the market and therefore whilst the availability of finance is better than it has been in recent years, many first time buyers are unable to raise the deposit let alone afford the monthly mortgage repayments.
As such, buy-to-let landlords are the ones who continue to see the benefits; not only are house prices rising but rents are rising too. You could argue it is the perfect storm for investors. Whilst nobody can predict what will happen in the next few years, it seems certain that whilst interest rates remain low, buy-to-let property is again an exciting proposition........
Housing demand is set to increase to a new high over the next 12 months. The Halifax have confirmed; In the past three months alone, property prices have risen by 4.6% adding £766 per month or £25 per day to the value of a home.
That is the fastest increase since August 2010, the property market over the next 12 month is set to increase and demand for rental housing is set to reach an all-time high.
Lenders have reported “The UK’s housing market has gone from strength to strength over the last three years, but the growth has been gradual and consistent, which gives confidence to economists and property professionals alike that it isn’t overheating.”
The housing demand currently is so high that there is a shortage of suitable properties on the open market. The recovery of the property market across the UK is increasing with new buyers entering the market. David Newnes, director of LSL Property Services and owner of estate agents Your Move and Reeds Rains, said: “The property market has moved from rescue to recovery, and there is a good chance it is now entering full rehabilitation.
It has also been revealed that rents are currently within £1 of their all-time high at £743 a month in England and Wales. The Telegraph report ‘Near record rental values coupled with the rise in house prices will generate average returns of 13% in the next twelve months, more than £22,000 per property, a report found’.
Emerging Real Estate, property expert’s prediction for the next 12 months is property prices will continue to increase, elevating rental prices and demand, making this the perfect time to invest.
Research published recently has found that Birmingham offers landlords the highest rental yield in the whole of England and Wales. This news comes at a fantastic time for Emerging Real Estate clients, as we have just launched a compelling new opportunity located in the heart of the City Centre.
Emerging Real Estate have sourced fantastic one bedroom apartments in a contemporary development located within walking distance of the Bullring Shopping Centre. Property Sourcer Dan commented
‘Our Birmingham development was a really exciting find. The location is unbeatable and is fantastic for professionals and students who want to have everything on their doorstep. We are pleased to offer our clients fully tenanted 1-bed apartments at a 13% discount from the open market retail price’
Read the full article here: http://www.home.co.uk/guides/news/story.htm?birmingham_is_best_buy_to_let_location_in_the_uk