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Top Residential Sales: Q1-2017

20 The Vale, SW3 6AQ Chelsea || £24,200,000 || 7,962sqft || £3039psf The most expensive residential transaction of the year so far has been for a five story detached house, which was sold off-market for £24.2m in February. The red brick corner property was built between 1894 and 1916, and features a single-storey extension to the rear of […]

stock_market_changes

REIT Update: Share Prices since Brexit

The major Real Estate Investment Trusts (REITS) have seen their stock prices fall since Brexit. Taking a weighted average by market cap, FTSE 350 REITS have fallen 9.2% from 23rd June 2016 to 9th March 2017. By Comparison, the FTSE 100 and FTSE 250 rose by 15.4% and 9.0% respectively over the same period – while […]

irvine-sellar

The Shard: A Monument to Remember Irvine Sellar

 Irvine Sellar, via the-shard.com Irvine Sellar, one of London’s most notable developers, died on Sunday after a short illness at the age of 82. Raised by a glove shopkeeper in the East End of London before dropping out of school and going on to found fashion and real estate companies including Sellar Property Group. The group […]

one-kingdom-street

5 Of The Largest Commercial Property Sales of The Year So Far

Rathbone Square £435m || 419,700sqft || 4.25% Yield Rathbone Square, via burofour.com The most expensive sale of 2017 so far saw Great Portland Estates sell the freehold of Rathbone Square in Fitzrovia. The mixed-use development, which is due to complete in March this year, was sold to Rathbone Place Jersey Limited – an entity owned by Gesellschaft […]

cranes

Housing White Paper: A Snapshot

On Tuesday the Department for Communities and Local Government unveiled its housing white paper on “Fixing our broken housing market”. Prime Minister Theresa May writes in her foreword that “our broken housing market is one of the greatest barriers to progress in Britain today”, and the 106-page document outlines Government plans to correct this. The paper […]

mortgages

UK Residential Mortgage Lending & Home Sales: The Last Ten Years

There has historically been a close link between Mortgage approvals and Home Sales in the United Kingdom, with both peaking in January 2006 at 146,854 and 153,465 respectively – and both reaching their low points in January 2009 at 21,466 and 32,752. In 2005 and 2006, mortgage approvals totalled 94.1% and 90.2% of home sales, […]

the-peninsula-london

5 of The Biggest Central London Hotels Sales In 2016

Doubletree Hilton 7 Pepys Street|| £300m|| 583 Rooms || 331,342 SF The Doubletree Hilton is near the Tower of London, pictured above In the largest single Hotel transaction of 2016, the Bhatia Family acquired Blackstone’s freehold on the Doubletree Hilton near the Tower of London for £300m. The 582-bedroom hotel achieved a sales price equivalent to £515,464 per […]

Man in the News: Baron Palumbo of Wallbrook

1974 – Left to Right: Lord Robbins, Peter Palumbo, HM Queen Mother Lord Palumbo was one of the notable property developers of his era. Educated at Eton College and Worcester College, Oxford – one newspaper described him as ‘the ultimate society insider’: he was a polo teammate of Prince Charles; became godfather to Princess Beatrice […]

gladstone-red-box

Stamp Duty Land Tax – A Short History Since 1959

Stamp Duty Land Tax (SDLT) replaced Stamp Duty as the Duty Tax paid on property transactions in December 2003, when residential and non-residential properties where also separated. In the forty years preceding Gordon Brown’s elevation to Chancellor of the Exchequer, the top rate had never ranged outside 1.0%-2.0%. Within just over 3 years of his appointment, the […]

charles-street

Four Mayfair Character Homes Currently on the Market

Flat 3, 25 North Audley Street, W1K 6WS 4 Bedroom Flat £6,850,000 || 2,322sqft || £2950psf This triplex apartment is set on the top three floors of the building and benefits from direct lift access. It benefits from four bedrooms including a 400sqft master suite with a private Balcony and build-in wardrobe. Notable original features comprise wood […]