The property boss who can see the light at the end of the tunnel July 5, 2009 The airy offices of Knight Frank chairman Nick Thomlinson are as good a place as any to survey the wreckage of the property market over the last two years. So it can only be good news that the head of the UK’s largest privately-owned property business shows no sign of panic as he holds court [...]
Q&A: RENTING June 25, 2009 Louise SavageDIRECTOR OF RESIDENTIAL LAND Q.Dear Louise, I have a buy-to-let mortgage from when I bought a property several years ago. I’m really worried I’m going to start losing money on it – is it worth holding on to the property as an investment or should I get out of the market completely? A. This [...]
St Modwen sinks into the red as losses hit 93.8m July 6, 2009 PROPERTY developer St Modwen yesterday sank into the red as it reported losses had quadrupled to £93.8m for the six months to the end of May. The group, which owns the Elephant & Castle shopping centre, warned that it had seen no pick up in rental values in the commercial sector, but the residential market [...]
Regeneration is taking off in the Olympic quarters June 25, 2009 STRATFORD has long been one of those London areas that is supposedly on the verge of gentrification. The coming of the DLR, then the Jubilee Line, were meant to turn it into an up-and-coming area attractive to thrusting young professionals. It never quite happened. But last week, two things took place which mean that Stratford [...]
Luxury London house prices recover to rise 4.3 per cent in the second quarter June 24, 2009 LUXURY London house prices have recorded their first quarterly growth since beginning to slide from the peak of September 2007, according to the latest quarterly research from property group Savills. The report found prime central London house prices rose 4.3 per cent during the past three months – effectively wiping out the falls seen in [...]
Its hip to be in the square, whether that’s in London or outside the city July 16, 2009 IN residential stakes, it’s pretty hard to top the London square. An emblem of elegance, a coveted enclave for the rich, famous and private, a square is where people who have reached the top go for a house. And despite the property market slump, those with cash still can’t get enough of them. Howard Elston, [...]
Q&A: RENTING June 4, 2009 Louise SavageDIRECTOR OF RESIDENTIAL LAND Q. I rent out a house and the neighbours have complained to me more than once now about my tenants making noise. How should I bring this up? I feel embarrassed and don’t want to ruin what is otherwise a good relationship with my tenants. A. In this kind of situation, [...]
Q&A: RENTING June 4, 2009 Louise SavageDIRECTOR OF RESIDENTIAL LAND Q. I rent out a house and the neighbours have complained to me more than once now about my tenants making noise. How should I bring this up? I feel embarrassed and don’t want to ruin what is otherwise a good relationship with my tenants. A. In this kind of situation, [...]
Arrears in prime mortgages are on the up, while house prices stabilise June 1, 2009 ARREARS in residential prime mortgage backed securities were on the up in the first quarter, Moody’s latest report showed yesterday. The data showed that arrears within prime securities have gone up in each quarter since 2007. In the first three months of 2009, 1.66 per cent of current balance of securitised mortgages were in arrears, [...]
FOCUS ON: BETHNAL GREEN, E2 May 28, 2009 CITY PAVILION, CHILTON STREET, E2Price: £650,000Located just off Brick Lane and near Spitalfields market, this large three-bedroom apartment offers plenty of space for your money. It is on the second floor of a courtyard building and has a dual-aspect living room with floor-to-ceiling windows. The kitchen is open-plan and recessed to the side with solid [...]