Property News - June 2015
Welcome to the PPI Property Investment Newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends and news.
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London, UK – Whilst the UK’s Capital will remain the single biggest centre for global Ultra High Net Worth Individuals (UHNWIs) - those with $30m in assets or more – Singapore’s rapid growth is set to challenge the city’s dominance over the next decade.
London, UK – The UK has been a top destination for investor visa applications from wealthy individuals (those with a net worth of more than $1m) - over the past decade, according to Knight Frank’s Wealth Report.
Ruben Reddy, owner of his nationally based practice, was inducted as the new President of the KwaZulu-Natal Institute for Architecture (KZNIA) at an inauguration ceremony in the Presidential Suite at Sahara Stadium, Kingsmead on 31 March 2015.
Importantly, indebtedness-wise, the Household Sector continues to slowly make the necessary improvements, reducing its vulnerability to interest rate hikes.
Home buying, when utilising credit, remains attractive relative to rental for now, but may become gradually less attractive as interest rates rise, providing mild upward pressure on rental inflation.