The Brits are back in town: Domestic buyers dominate London’s prime property market November 19, 2015 British buyers are returning in droves to the London property market and now account for well over two thirds of purchases in the capital’s prime post codes, new research revealed today. The proportion of sales to domestic buyers has jumped to 79 per cent in the third quarter from 75 per cent a year ago, leaving overseas [...]
Office fit outs: Why asset finance is the smart choice January 18, 2016 The London property market is booming – and it’s not just the residential sector. The demand for office space in the capital is pushing up rents and this is having a significant impact on companies’ business strategies. Many firms are looking to move their headquarters out of London to more affordable locations, retaining small offices [...]
Bubble fears as average London property hits £600,000 with outer boroughs seeing highest rises December 10, 2015 The average price of a London property is now just shy of £600,000, reigniting fears of a bubble and prompting talk of a market correction. The average London house price was £598,173 in October, 5.6 per cent higher than the same month last year, according to figures released today by estate agents Your Move and Reeds [...]
London house prices: Dreaming of a pad on the river Thames? Here’s how much it will cost you October 26, 2015 A room with a view always comes at a price. But that premium can be as high as 70 per cent when buying a property in London with a view of the river Thames, according to research from Cluttons. The estate agency said homes for sale on the river or with views of the Thames can [...]
London’s commercial property market is a bubble – but it’s not ready to burst September 22, 2015 Commercial property and office rents have reached all-time highs across the West End, midtown and the City and headlines have recently been dominated by a spate of high-profile tech firms making a home for themselves in the capital. With 15 years’ experience in the London property market, I keep a watchful eye on the capital’s [...]
Dividend up as revenue grows at Kier Group February 25, 2015 INCREASED confidence among UK businesses helped to push revenue up at construction firm Kier Group, according to boss Haydn Mursell. The company posted an 11 per cent improvement in revenue, up from £1.43bn during the final six months of 2013 to £1.58bn in the same period to 31 December 2014. Profit before tax dipped by [...]
Knight Frank Wealth Report 2015: Which is the world’s hottest luxury property market? March 5, 2015 The world's richest individuals are piling into properties in the world's most expensive cities, pushing up prices of luxury homes. The value of luxury residential property across the world rose by an average of about two per cent last year, based on prices in the 100 locations covered by Knight Frank's Prime International Residential Index [...]
Foxtons says London property transactions at “historically low levels” October 22, 2015 Upmarket estate agents Foxtons has said strong house price growth and stamp duty charges mean the capital's property transactions remain stuck at "historically low levels", pushing its focus towards outer London. Foxtons has opened seven new branches in the last year, most recently in high growth, outer London areas. "We are in a strong position to capitalise on market growth [...]
Cain Hoy and Sager secure loan for £400m luxury Islington scheme October 14, 2015 Cain Hoy, the US private equity firm that fleetingly considered buying Tottenham Hotspur last year, is pushing ahead with the £400m luxury development of a landmark Islington site after securing a £190m loan. Cain Hoy and its joint venture partner Sager Group are turning the Edwardian former Royal Mail sorting office on Upper Street into a residential, [...]
Nama to sell Arrow project February 16, 2015 THE REPUBLIC of Ireland’s state-controlled “bad bank” has appointed advisers to sell an €8.4bn (£6.2bn) portfolio of non-performing loans called Project Arrow. The National Asset Management Agency (Nama) was set up to handle property loans attached to the collapse of the Irish property market in 2009. It has brought in Cushman & Wakefield’s Corporate Finance [...]