The number of UK mortgage approvals rose slightly to 63,770 in July 2022 from a revised 63,184 in June. This is above market expectations of 61,725, but below the 12-month pre-pandemic average of 66,800. Re-mortgaging approvals, which only involve transferring from one lender to another, rose to 48,400 in July from 43,300 in June. This is still below the 12-month pre-pandemic average of...
The UK's interest rate hike was widely expected, and with inflation still expected to remain high, further increases are likely. This will provide Middle Eastern real estate investors with additional opportunities to invest in UK property market. The Bank of England on Thursday raised its key interest rate by a quarter of a percentage point to 1.75 percent from 1.25 percent, its biggest increase since...
According to the UK's Home Office, individuals from the Gulf Cooperation Council (GCC) countries no longer require a visa to enter the country and can now apply for an entry permit online. Through the UK's Electronic Travel Authorisation (ETA), eligible nationals from various countries can now visit the country for multiple purposes without a visa. The implementation of the ETA scheme is a key...
The London property market is considered to be one of the most desirable places in the world to invest. It is protected from global market volatility and provides a safe and secure environment for investors. London is also considered to be a financial center that is well-regulated and has good levels of leverage. This makes it an ideal place for investors looking to take advantage of low interest rates...