Where is the best place in London to buy property? Bayswater, Paddington and Queensway the new housing hot spot, says Knight Frank November 20, 2014 Property investors looking for the next hot spot should pay attention. Knight Frank has identified the next up-and-coming part of London, and it's really central. W2 – specifically Bayswater, Paddington and Queensway – has “arguably the strongest development and regeneration potential of any prime central London residential market,” according to Knight Frank's head [...]
Savills warns on mansion taxes November 18, 2014 FEARS of a potential mansion tax if Labour wins the next election is hitting demand for £2m-plus homes, Savills warned yesterday. In a trading update, the property agency said a recovery in the residential markets outside London had helped to ease the impact of a slowdown in the capital caused by growing uncertainty ahead of [...]
Bubble fears spark sell off in Grosvenor assets April 29, 2014 THE DUKE of Westminster’s property group has reduced its exposure to London’s luxury residential market amid fears that prices have overheated, it said yesterday, as it revealed a 38 per cent rise in profits. Grosvenor Group said it had“taken advantage of favourable pricing” to sell around £240m of residential properties in areas such as Belgravia [...]
City Moves for 18 June 2014 | Who’s switching jobs June 17, 2014 Edison Investment Research Peter Lynch has been appointed UK oil and gas analyst at the investment intelligence firm. He joins from Tell Investments. Lynch has also previously held positions at Citigroup, where he was a sell-side analyst, Merrill Lynch, and Arthur Andersen. Utilyx The energy consultancy has appointed George Pitt as finance director. He joins [...]
Home sales up despite low supply May 7, 2014 THE HOUSING market’s upswing showed no signs of subsiding last month, with the average homes sold for each chartered surveyor at the highest level since 2008, according to a report published this morning. According to the Royal Institute of Chartered Surveyors (RICS), the imbalance between demand and supply in residential property worsened last month. Despite [...]
Irish real estate fund raises €200m April 16, 2014 Irish Residential Property Reit (IRPR) raised €200m (£164m) in a stock market listing yesterday, meeting its target as it became the third such real estate investment trust to launch in Ireland in the last year. US asset manager Franklin Templeton, which made one of the canniest trades in Europe’s debt crisis in buying Irish debt [...]
Bottom Line: New players have a better chance than most May 22, 2014 IT’S A tough one to call. At the same moment that Fat Face officially pulled its market listing, four other companies filed upbeat intentions to float – each convinced that they had the perfect formula that would have investors running for the shares. Despite the fickle market, some of them might actually be right. Zoopla has [...]
Bottom Line: New players have a better chance than most May 22, 2014 IT’S A tough one to call. At the same moment that Fat Face officially pulled its market listing, four other companies filed upbeat intentions to float – each convinced that they had the perfect formula that would have investors running for the shares. Despite the fickle market, some of them might actually be right. Zoopla has [...]
Gimme 5 … Wonders of property tech May 8, 2014 Barclays Pingit App A partnership between Barclays and estate agent Savills led to the first house being bought by app at auction in February. The buyer transferred a £23,000 deposit in seconds by scanning a Savills QR code into the app. Available for free on Android and iTunes, Savills now uses it at every national [...]
Camden Market owner Market Tech Holdings valued at £844m after first day of trading on Aim December 22, 2014 Market Tech Holdings, the company that owns the iconic Camden Market, has a valuation of £844m after its first day of trading on the alternative investment market (Aim) of the New York Stock Exchange. Shares in the company which combines real estate assets with an e-commerce platform jumped by 12.5 per cent from their [...]