SELLING August 26, 2010 MANAGING DIRECTOR, PROPERTY HUNT Q.Dear Russell, with property prices projected to fall and interest rates forecast to rise, should I buy? A.As with anything to do with property, it is all about timing. The latest surveys – whether they are from the major lenders, the high-street banks or the online property portals –are all pointing [...]
London lettings boom as demand pushes up rents August 26, 2010 LONDON’S lettings market remains buoyant with a surge in tenant demand pushing rents in the capital higher. Forty three per cent more chartered surveyors in London reported a rise in demand for property rather than a fall, up from 37 per cent in the first quarter, according to the latest RICS residential lettings survey for [...]
London lettings boom as demand pushes up rents August 26, 2010 LONDON’S lettings market remains buoyant with a surge in tenant demand pushing rents in the capital higher. Forty three per cent more chartered surveyors in London reported a rise in demand for property rather than a fall, up from 37 per cent in the first quarter, according to the latest RICS residential lettings survey for [...]
Brookfield bails out US firm August 2, 2010 Canadian asset manager Brookfield has bailed out US firm Fairfield Residential from Chapter 11 bankruptcy in the States by promising to make $150m available for future investment. The group, along with a Canadian pension fund, had already agreed to stump up $29m to recapitalise the troubled property manager in exchange for a 65 per cent [...]
Savills profits dive but London market rebounds March 18, 2010 PROPERTY agent Savills has seen profit plummet by almost a quarter and predicted more turbulence in the market this year. Pre-tax underlying profit in 2009 was £25.2m compared with £33.2m a year earlier, despite a slight improvement in the fourth quarter fuelled by the London residential property market. Chief executive Jeremy Helsby said: “Notwithstanding the [...]
PROPERTY NEWS August 26, 2010 BACK TO THE BOOM YEARS FOR PUTNEY The property boom years are back, at least in Putney. An eight-bedroom house in Heathview Gardens has just sold for £5.3m, one of the highest prices ever paid for a property in SW15. Russell White, franchisee of Winkworth Putney who handled the sale, said: “The Putney sales market [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 5, 2010 FINANCIAL TIMES NEW HOLE IN CONNAUGHT DEBT The scale of debt at Connaught, the collapsed property services group, will be greater than previously thought after administrators found 50,000 invoices that the company had not accounted for. Management accounts had led administrators from KPMG to believe that the social housing maintenance arm of Connaught owed £46m [...]
Capital & Counties progresses August 3, 2010 Property developer Capital & Counties yesterday said it is making progress on getting planning consent to redevelop London concert and exhibition venues Earls Court and Olympia. The company hopes to begin work on a residential project after Earls Court is used to host events related to the 2012 Olympic Games.
Let us hope this is not a repeat of the crisis of 2008 May 25, 2010 WE have stumbled into another mini-financial crisis, one which has an outside chance of bringing the global recovery to a shuddering halt. The debt crisis in the Eurozone, far from having been sorted out with the help of German taxpayers’ money, is getting steadily worse, contaminating global financial markets; jittery investors are panicking at every [...]
Grainger set to gain from slump August 11, 2010 Britain’s biggest residential landlord Grainger said yesterday it plans to cash in on the wilting housing market by buying up discount real estate. The firm, which has around £2.8bn of assets under management, bought £154.8m of properties in the past ten months, with a further £67.6m of buys in the pipeline. It sold 593 vacant [...]