Archive for ‘November, 2009’

Target residential property

Target residential property

Candy & Candy, the luxury property company, recently launched a residential fund, revealing their plans to list a £100m Guernsey closed-end investment Company on the London Stock Exchange, to be funded by private investors contributing a minimum £25,000.
With favourable signs of a rising housing market, the fund is one of many residential property funds to [...]

Japanese Yen could prop up London property prices

Japanese Yen could prop up London property prices

When London estate agents have warned of a “growing risk of a double-dip housing recession” it seems the Japanese buyers could prevent this situation, as per the report published by property investment advisors CB Richard Ellis (CBRE).
According to CBRE, foreign investors spending Japanese Yen and petrodollars have been focusing on London’s property market as [...]

London goes up for sale

London goes up for sale

Marconi building a landmark in central London has been put on for sale after the investment firm behind it, went into administration. A former office building located on the Strand across from Somerset House, is now being converted into a five star hotel has already received many expressions of interest.
PricewaterhouseCoopers, as receiver, is selling [...]

Property market

Property market

According to FindaProperty.com the average asking price for a house in UK have fallen for the first time in seven months. They have warned in their website of a “growing risk of a double-dip housing recession” in the UK.
They also state that house prices have fallen by 0.5% month-on-month basis since the house market just [...]

Stamp duty

Stamp duty

The temporary stamp duty holiday came into force in September 2008 in order to recover the UK housing market. However, the end of this concession will have a dangerous effect on the market in areas such as West Midlands, East Midlands, Wales and Scotland that are expecting a drop in activity.
The 1% stamp duty [...]

Luxury flats in clerkenwell

Luxury flats in clerkenwell

More estate agents are now being convinced that house market has come closer to its lowest point. Those who have experienced previous downturns and are familiar with the signs of an upturn of the market are the ones who are strongly convinced with the current situation.
According to Peter Rollings, of Marsh & Parsons, those who [...]

London’s property league

London’s property league

In 2007 Savill’s league table showed how the previous no-go areas were on demand with wealthy home buyers that were forced in for new post codes. Notting Hill was one such major location which benefitted out of the boom attracting many buyers such as international celebrities.
However, two years after when revealing the league table, Notting [...]

Property Groups to report gains

Property Groups to report gains

Land Securities and British Land, the two largest property Companies in UK will report this week the first gains in the value of their portfolios since the real estate market dropped drastically, while  property investors look for confirmation of a hopeful recovery.
The Companies confirm property values have risen again in the third quarter due to [...]

UK House Prices Fall 1.6%

UK House Prices Fall 1.6%

According to the reports published by the leading British property website Rightmove PLc, asking house prices in UK have fallen by 1.6% in November, from their level in October 2009, and by 6.6% from their peak in May 2008.
According to Mr. Miles Shipside, Commercial Director of Rightmove, the report on UK house prices [...]

London Hot Property EC1

London Hot Property EC1