PROPERTY NEWS
HAVE YOURSELF A CASTLE HOME
Taymouth Castle in Scotland has been granted planning permission to a private developer to build a luxury hotel, golf course and a collection of private residences on the historic estate. Each residence will offer views over the golf course and surrounding landscape. The development is already in negociations with leading hotel and spa chains.
THE ‘RENTS ARE REDECORATING
Parents are stockpiling cash and investing it in DIY once their kids have gone to university or left home, according to a Debenhams poll. A whooping 63 per cent of soon-to-be empty-nesters plan to invest in their existing home. 53 per cent of these parents are expecting to spend up to £5,000 with a further 29 per cent spending up to £10,000.
DIP IN: A NEW SWISS SPA DEVELOPMENT
The Swiss Development Group has launched a luxury development in Leukerbad, Swizerland, called 51º Spa Residences. The development includes a thermal spa hotel and 30 residences across two buildings. Work starts in spring next year and the first building will be completed in 2013. The second will be finalised a year later in 2014.
TOP PRICES FOR TENNIS PROPERTIES
The tennis season is here and it’s pumping up property prices. Demand for properties close to Queen’s Tennis Club have risen in value by 2.7 per cent and 6 per cent respectively in the last year alone, according to the estate agent Marsh & Parsons. The going rate for a two-bedroom flat in Queen’s Club Mansions at the moment is £660,000.