City Moves for 30 July 2014 | Who’s switching jobs July 29, 2014 Anthology David Clark has been appointed chief financial officer at the property developer, backed by Oaktree Capital Management. He joins from Mount Anvil, the specialist residential property developer, where he was group finance director. CityJet Patrick Lukan has been appointed chief commercial officer at the airline. He joins from Carlson Wagonlit Travel, where he was [...]
London house prices to finally cool down as homeowners rush to sell properties August 11, 2014 The frothy London housing market is likely to come off the boil in the months ahead, with owners rushing to sell their properties following the recent surge in prices and buyers increasingly reticent to match the escalating valuations. The number of people looking to sell homes in the capital has climbed by nearly a third, [...]
St Modwen cheers to increasing optimism in residental market June 2, 2014 ST MODWEN, the developer behind the £2bn revamp of New Covent Garden market, has said that first half profits are expected to be “significantly ahead” of last year thanks to rising values of its assets and returning confidence in the property market. The company, which submitted the planning application for the redevelopment of Britain’s biggest [...]
London house prices: City closing in on West End’s values June 23, 2014 Residential property prices in the City are rapidly rising to match some of London’s most expensive areas, and could catch up with the costliest parts of the West End in just five years’ time. Typical house and flat prices in the City were 60 per cent lower than their equivalents in the ultra-prime areas of [...]
City workers fuel Midtown housing boom May 12, 2014 HOUSE prices in the area dubbed Midtown have outpaced the greater London market in the first three months of the year due to a surge in demand from buyers working in the capital’s financial sector, new research out yesterday shows. According to property consultants CBRE, the price of a property in Midtown – between the [...]
London demand lifts Mount Anvil June 3, 2014 London residential property developer Mount Anvil delivered record profits last year after benefiting from strong demand for homes in the capital. The group yesterday said profits rose 52 per cent to £15.4m last year compared with £10.1m in 2012 on sales up 50 per cent to £162.2m. The value of its development pipeline stood at [...]
Check out this Silicon Roundabout penthouse with a hot tub overlooking the City July 10, 2014 TWO imperious towers oversee the numerous technology industries clustered around Silicon Roundabout. Perched atop the taller of the two, sitting pretty at 154ft, is The Penthouse 127. This three-bedroom duplex apartment, which is part of the Bézier development, was built for entertaining. Not only is it a short walk from the City and the offices [...]
Global house prices slow as the UK jumps up world rankings June 2, 2014 Global house prices have increased for the eighth quarter in a row but the rate of price growth is now slowing, according to figures out today from Knight Frank. Prices rose by 7.1 per cent in the year to March, according to the property agency’s Global House Price Index. However the last quarter [...]
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 [...]
What the experts say: Will the arrival of Crossrail really push up property prices? May 22, 2014 Everyone’s heard that line, imparted as a pearl of wisdom, that it would be wise to buy a property near a new Crossrail station before prices shoot up. But will the high speed rail network really impact on house prices and should it make you think differently about where you’re buying? A number of developers [...]