The flow of international students to the UK has been significantly affected by the COVID-19 pandemic but there is evidence to suggest that a strong recovery is now underway for this 2021/22 academic year.
Oliver Kolodseike, a Director in Colliers’ Research & Forecasting team, looks at how Birmingham’s post-pandemic recovery has been spurred on by relatively affordable housing, innovative business creation and strong higher education credentials.
In a country where 20 per cent of households live in private rented accommodation, the British Property Federation (BPF) has reported that only 62,000 dedicated rental properties have been built, with a further 39,500 dwellings under construction (BPF, Q2 2021).
David Hossack, head of the UK Hotels Valuation team at Colliers, explains why the role of a hotels valuer requires not only expertise as a chartered surveyor, but also the skills of a detective, an accountant and even a social worker.
Around GBP2.6 billion was invested into UK commercial property in May, a slight decrease on the previous month, but more than twice the corresponding 2020 figure of GBP1.2 billion, according to Colliers.
UK hoteliers will get a once in a lifetime opportunity this summer as lockdown-weary Britons unable to holiday abroad instead treat themselves with luxury staycations that could help bring a £22 billion boost to domestic tourism.
The Government really can’t leave it any longer before it spells out its proposals for business rates for the beleaguered Retail and Hospitality sectors post 1 April says John Webber, Head of Business Rates at Colliers International.