Rents dropped in Dublin in the wake of COVID-19. Supply increased as assignees left the city and new rental stock entered the market. The collapse in tourism has forced owners of short-term Airbnb properties to shift to the long-term market, further increasing supply.
Twelve months ago, almost every conversation in the U.K. was dominated by Brexit. News channels, radio shows, and documentaries were fixated on the countdown for the United Kingdom leaving the EU.
London rents decreased over the last twelve months with the impact of COVID-19. Multiple lockdowns have forced renters to re-evaluate where they want to live. Demand has shifted to rentals with more space, such as balconies, terraces, and gardens. Work-from-home and remote work policies enable tenants more flexibility and recent demand has been for suburban locations with access to green spaces.
When the United Kingdom withdrew from the European Union on January 31, 2020, it entered a transitional period that is set to end on December 31, 2020. The original agreement allowed for a one-time extension of the transitional period by up to one to two years.
When I joined AIRINC in December 2018, I started in our London office and had been living in the U.K. for 15 years at the time. I’m half German, half Indian, but grew up in Germany and went to school and university there with an Erasmus year in Paris, which to this day remains my favourite city in the world.
AIRINC and K2 are hosting a Cream Tea and interactive Global Mobility discussion for Corporate HR professionals on 23 April 2020 at the Vintry & Mercer Hotel.
The rental housing market is slowly picking back up in Aberdeen after the slump in global oil and gas prices. Despite current events like Brexit and climate change concerns, the oil and gas industry is seeing a slow but steady revival in this coastal city, bringing in more expatriates who are increasing the demand for good quality housing.
A new year is once again upon us. As we turn the page on 2019, it's important to take stock of what we learned before we transition to 2020 and the continued change we anticipate seeing across Global Mobility. Below, you'll find the top 5 downloads that have helped shape our views on where mobility is in 2019 and where it will go in 2020.
The United Kingdom and Switzerland have completed a transitional agreement to maintain social security rights in the event of a no-deal Brexit. The deal also preserves working privileges, residency rights, and freedom of movement between the two countries.
AIRINC and International SOS are hosting an informative breakfast briefing and a global mobility discussion for Corporate HR professionals on 13 November 2019 at 1 Lombard Street.