Plush London homes rise in price as City money returns November 29, 2009 The CITY’S bankers are beginning to splash out again on prime property, according to the latest survey by estate agent Knight Frank, which reported that prices rose in November by 1.2 per cent. The lift means prime property homes – situated in the desirable postcodes of Mayfair, St Johns Wood and Kensington and over the [...]
Harding walks to TalkTalk December 15, 2009 DIDO Harding, the former Tesco executive who heads Sainsbury’s convenience stores, is to join TalkTalk as its chief executive when it demerges from Carphone Warehouse. TalkTalk will be Britain’s biggest residential broadband provider when it splits from the retail arm of Carphone Warehouse next year. Harding, who previously held management positions at Thomas Cook and [...]
Nationwide defends its 125pc loan July 9, 2009 BRITAIN’S largest mutual Nationwide yesterday defended its decision to launch a mortgage allowing customers to borrow up to 125 per cent of the value of their property. The product is aimed at homeowners in negative equity who want to move to a house worth more than their own. But critics warned yesterday that the mortgage [...]
Details of RBS pain revealed by Treasury December 7, 2009 The full extent of the Royal Bank of Scotland’s stricken assets were made public yesterday, when the government published details of the insurance scheme set up to stabilise the bank. The Asset Protection Scheme (APS), which will insure £282bn of the bank’s assets, covers £15.4bn of residential mortgages, £80bn of loans, £39bn of derivatives, and [...]
Savills says performance this year will meet expectations November 17, 2009 GLOBAL real estate broker Savills yesterday said it expected its full-year performance to be in line with its expectations, as its European business continued to face challenging market conditions. Savills said greater-than-expected cost savings of £60m for the year had enabled it to continue investing in its business “without adversely affecting our performance expectations for [...]
FOCUS ON: CHISWICK, W4 November 26, 2009 ENNISMORE AVENUEPrice: £1,195,000This is a large semi-detached house located close to the shops and amenities of Chiswick High Road. The closest Tube station is Turnham Green which is about 40 minutes from the City. Although a period house, it has been refurbished to include plenty of modern fittings so new buyers can move straight in. [...]
FOCUS ON: HERNE HILL, SE24 November 12, 2009 FAWNBRAKE AVENUE, SE24 0BEPrice: £775,000This four-bedroom property, located just a short walk from Herne Hill station (10 minutes to Blackfriars), has a red-bricked exterior with white ornate detail and the charm of the Edwardian era. Inside, there are high ceilings and solid oak flooring in each of the two reception rooms and there is also [...]
Q&A: SALES June 11, 2009 Camilla DellMANAGING DIRECTOR AT BLACK BRICK Q. Dear Camilla, there has ben a lot of talk recently about property prices starting to rise. Is this true, and should I be thinking of buying? A. These things are never straightforward. When you look back at housing data and statistics from the last property market crash, there [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 11, 2009 FINANCIAL TIMES DEUTSCHE BANK BACKS €300M SAL OPPENHEIM INJECTIONDeutsche Bank has backed a €300m ($423m) injection of capital for Sal Oppenheim as the two banks continue their talks over a possible equity shareholding. Sal Oppenheim, a 220-year-old institution that claims to be Europe’s largest biggest independent private bank, said the equity injection was made by [...]
Brits are hungry again for a place in the sun December 3, 2009 MEET an overseas property agent these days and they’ll be chirpy, well slept and optimistic about the future – the exact opposite of how they would have been at the beginning of the year. The reason? After 18 months of its having no appeal whatsoever, the British love affair with buying a place in the [...]