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London Property Market Highlights 2016

Highest Residential Gross Price 9 Holland Park, W11 3TH £53,489,500 || 12,500sqft || £4279psf The highest gross price of the year was set in January, when Richard Branson’s old house at 9 Holland Park was sold for £53,489,500. The Grade II listed building underwent substantial renovations during the tenure of the previous owners, which was overseen […]

Ground Rents – An Increasingly Popular Investment

  The Estates Gazette recently published an article by John Churchouse which considered the value of ground rents as investments. We have summarised some of the main points below. What are Ground Rents? A ground rent is the ownership of an interest under which a leaseholder pays a regular amount of rent. The rent arises […]

Moving to London: Searching and Viewing

As discussed before, it is best to have found a place to live about 8 weeks before you move from abroad. The question then becomes how long it takes to find that property. Barring a miracle, you will not find your home on the first day of looking. The longer you look the more opportunities […]

Residential Rents Expected to Rise

  According to the RICS quarterly lettings survey, the balance of surveyors reporting rising rather than falling rents rose from zero to 30% in April. This compares with -56% last year.  Also, a net balance of 36% of surveyors expect further rises because of the lack of rental homes available. Agents reported a rise in gross […]

Colliers Report Huge Losses, but Remain Optimistic

Colliers CRE quadrupled its pre-tax losses to £40 million in the year to December 2009. This was attributed partly to a 26% fall in revenue last year to £57.9 million and also because of a £24.1 million write down in goodwill on its UK business. Colliers chairman Sir John Ritblat said “with our significantly reduced […]

JLL Reports Falling Success Rate at Auction

A lack of reasonably priced, good stock on the market, appears to have taken its toll at the JLL auction. Only 63% of 54 lots were sold, compared with 82% in October. Richard Auterac, JLL’s joint head of auctions said “The competition for the best grade A stock continues in earnest, but this end of […]

House Prices too high, but which direction are they headed?

  Britain’s leading economists believe house prices are still too high. Despite significant falls in home values and initial signs that the economy is crawling its way out of recession, economists believe homes are still overvalued. Out of 70 leading economists surveyed by The Financial Times, only 13 believed residential property prices were now fairly […]

Prime London feels the "Crunch"

According to the Telegraph, the sale of a £36 million apartment in central London has fallen through, just days before completion. Situated in The Knightsbridge, one of London’s most prestigious residential buildings, the 6000 sq ft apartment went under offer earlier this year and contracts exchanged in June. But the buyer has now pulled out […]

Moscow Attracts Foreign Investment

According to CB Richard Ellis the total investment volume last year in commercial property in Russia was a good five billion US dollars – 35 percent more than the year before. And this took place despite the fact that finance had become more difficult for some western investors in the second half of 2007 as […]

Plan to suspend stamp duty for all home buyers in the UK

According to the Times, Gordon Brown is considering suspending stamp duty in an emergency measure to kickstart the housing market, it was claimed last night. The idea, being worked on by the Treasury, is part of a package of help for hard-pressed families. Stamp duty is paid by property buyers, and is levied at 1 […]