High-end London rents fall for first time in two years June 22, 2012 Rents in the most London’s most exclusive and expensive neighbourhoods have dropped for the first time in two years, which estate agencies attribute to the number of redundancies at leading banks. Research conducted by property consultants Savills has shown that average prime rents dropped by 0.4 per cent to £60 per square foot in the [...]
Central London homes given overseas boost May 30, 2012 OVERSEAS investors choosing London as a safe haven destination accounted for 75 per cent of the increase in prime central London residential prices relative to the rest of the UK, a new report shows. Foreign investors have poured into boroughs such as Knightsbridge and Chelsea since the mid-1990s and fears over the demise of the [...]
RAPID RESPONSES May 30, 2012 Agile office space [Re: London’s developers have a prime role in ensuring its future success, Tuesday] I couldn’t agree more with George Iacobescu’s assessment. It is vital for property developers to respond to changing business needs. However, greater property market flexibility could also be achieved by owners being open to new ways of making space available. [...]
Falling supply lifts London’s house prices May 20, 2012 LONDON’S house prices rose strongly in April, again outstripping the national market, industry data revealed today. Meanwhile a new study shows most parents support their children in buying houses, with 11 per cent giving over £100,000, underlining the tough state of the market. Average asking prices throughout the UK stayed unchanged in the month to [...]
House prices in the capital are detached by location May 20, 2012 London’s property market is outperforming but some boroughs are well off the pace LONDON Neither London, nor England and Wales, have returned to their 2008 peaks – but London is close. From March 2009, prices have grown 16 per cent in London compared to 6 per cent in England and Wales as a whole. However, [...]
Transport and schools are key to valuations May 20, 2012 TRYING to predict where London’s house prices will go as a whole is a fools errand. The house price earnings ratio suggests property remains overvalued, but the influx of foreign cash combined with inflexible planning restrictions could see prices continue to rise. It’s easier – and more fruitful – to weigh up different areas. THE [...]
City panel says Greece looks increasingly likely to exit euro May 13, 2012 GREECE’S exit from the euro is looking increasingly likely, according to the overwhelming majority of our readers’ panel. Eighty-six per cent of our panellists, who have been specially recruited to represent London’s financiers and business people, said they thought Greece’s exit from the euro was either very or somewhat likely. Just fourteen per cent thought [...]
City panel says Greece looks increasingly likely to exit euro May 13, 2012 GREECE’S exit from the euro is looking increasingly likely, according to the overwhelming majority of our readers’ panel. Eighty-six per cent of our panellists, who have been specially recruited to represent London’s financiers and business people, said they thought Greece’s exit from the euro was either very or somewhat likely. Just fourteen per cent thought [...]
Britain avoids global prime property slip May 13, 2012 THE VALUE of prime property in the world’s major cities dropped in the first three months of 2012, industry figures revealed today – the first time prices have fallen since 2009. Knight Frank’s prime global cities index registered a 0.4 per cent fall, led by Tel Aviv’s 6.6 per cent drop, Kiev’s fall of 6.4 [...]
Boom in prime property sees Savills thrive March 15, 2012 SAVILLS yesterday posted a nine per cent increase in full year profits to £40m after a boom in London prime residential property and strength in China helped to offset a stagnation in commercial activity in Europe. The property agent’s UK residential business grew profits by 11 per cent to £20.4m in 2011, fuelled by a [...]