Residential rental market in London remains very busy for many years now. This is mainly due to the fact that the average price of a property in London is £534,785. With the average salaries in London ranging between £34k-£35k most people simply cannot afford to buy their own properties and opt out to renting.
In general, the property prices in London are rising. Developing areas in London have shown the highest growth of 19%-20.8%. Bexley, Croydon, Haringey, Havering, Hillingdon, Newham, Redbridge and Waltham Forest have shown the highest increase in annual property prices among other boroughs.
|London Borough||2016 average price||2015 average price||Price Difference (2016 to 2015)||Average monthly rent||Annual ROI(%)|
|Barking and Dagenham||£276,145||£235,702||17.20%||£1,099.00||4.78|
|City of London||£886,713||£779,097||13.80%||£2,249.00||3.04|
|City of Westminster||£1,029,884||£958,776||7.40%||£2,956.00||3.44|
|Hammersmith and Fulham||£760,245||£772,832||-1.60%||£1,886.00||2.98|
|Kensington And Chelsea||£1,287,850||£1,328,276||-3.00%||£3,215.00||3.00|
|Kingston upon Thames||£500,730||£434,523||15.20%||£1,453.00||3.48|
|Richmond upon Thames||£685,448||£614,134||11.60%||£2,036.00||3.56|
On 16 March 2017, the Home Office has released a Statement of Changes to the Immigration Rules. These new changes will affect those applications that need to have a Certificate of Sponsorship and these changes will be in effect on 06 April 2017.
What you should know about European visas after Article 50. The UK Prime Minister Theresa May has so far not changed her mind in regards to the plans of triggering Article 50 before the end of March 2017.
For international students who wish to remain in the UK longer or would like to eventually settle. There are options to choose from, granted you are willing to stay.
As of 16 January 2017 the Prime Minister of the United Kingdom, Theresa May, has given hints that the UK is moving towards a hard Brexit. Although Theresa May insists EU citizens are ‘welcome’ to be in the UK, she cannot guarantee the right of EU citizens in the UK at an early stage. These are troubling news for Europeans and British Citizens currently living and working in the UK.
As of 24 March 2016, the UK government has announced new changes to Tier 2 type visas. This is the migration route for those who have a confirmed job offer to undertake skilled employment in the UK.
The UK government has recently introduced a significant amount of changes to immigration rules and procedures that can influence nationals of European Economic Area. These changes will come into force on the 1st February 2017, however, some changes are happening now.
A new Statement of Changes to the Immigration Rules HC667 has been laid down on the 3rd November 2016. These changes come in a whopping 90 pages however, most changes are in the language itself rather than effect. The significant changes include the increase of the minimum salary requirement of Tier 2 skilled workers; the introduction of a fresh English language requirement for family immigration regarding to Tier 4 visa and the removal of the previous 28 days’ grace period for making out of time immigration applications.