Locals buying up riverside apartments in Wandsworth September 26, 2013 Borough bucks international buyer trend OVER the past couple of years a large majority of luxury properties in London have been snapped up by international investors. But the Wandsworth Riverside Development is hoping to buck the trend by creating property aimed at and marketed to south west Londoners. Dr Stanley Quek, chief executive of Frasers [...]
Q&A September 26, 2013 DIRECTOR, DOUGLAS & GORDON I have around £350,000 to invest and I am wondering whether I’m better off investing in central London or venturing south of the River. IN THE past I’d have said central as you’d be better hedged against capital value fluctuation and have a good steady flow of tenants. However, the last [...]
Focus on… Hammersmith: It’s Hammersmith time in London September 26, 2013 HOMES in Hammersmith are increasing in value as young professionals and families compete for properties in the area. Bordered by Shepherd’s Bush in the north and Fulham in the south, the west London area has found its housing stock in short supply in recent years, leading to an average of six applicants per property and [...]
Penthouses pay homage to ancient history of the City September 26, 2013 Giacomo Ribolla gives Italian interior design tips to Melissa York LONDON’S ancient history meets 21st century city life in three penthouses built on the outskirts of Roman London. Italian design impresario Giacomo Ribolla, associate director of interior design at The Manser Practice, drew on his roots in northern Tuscany to furnish the high-end apartments. “I [...]
London Barometer September 26, 2013 DIRECTOR, DOUGLAS & GORDON Demand to buy in D&G land continues to rise, with a 30% increase in comparison to this time last year. The majority of activity is clearly taking place in the £350,000-£750,000 and £1m-£2m levels implying on going SDLT/Mansion tax concerns and a desire to invest in buy to let property. The [...]
YouTube hacked? Video streaming service suffers from outages for over 20 minutes September 26, 2013 Video streaming website YouTube suffered outages this evening, with many users of the service under the impression that the site was subjected to a malicious attack. At 9.22pm the error message below was visible for users trying to access the website. We don't know precisely when the problems began – but the earliest Tweet on [...]
Kocherlakota says Fed must do whatever it takes for growth – including more stimulus September 26, 2013 The Fed's Narayana Kocherlakota has repeated the phrase so popular among bankers – that they must do "whatever it takes". To Kocherlakota, that means that more stimulus may be warranted while inflation remains low. But he also thinks that the Fed may have to accept above target inflation in order to fix the labour market. [...]
Asset purchases put on hold as Bank of England can’t find its bonds September 26, 2013 A hardware failure at the Bank of England means a delay to critical announcements about asset purchases. Some piece of kit has been fried, and while essential systems such as payments have switched to a backup – non-essential services such as internal documents and record keeping won't be accessible for a few hours. This is [...]
Fed’s Stein suggests tapering rule to add clarity to central bank decisions September 26, 2013 Federal Reserve board member Jeremy Stein has a nifty solution to the lack of clarity over the central bank's decisions to begin tapering. That's fedspeak for reducing the rate of expansion of the monetary base. He's proposed that asset purchases be scaled back by a fixed amount for each 10 basis point drop in the [...]
US home sales decline accelerates September 26, 2013 US pending home sales have fallen by 1.6 per cent in August, against estimates of a one per cent fall. That's a larger decline than we saw in the previous month – when pending home sales fell by 1.3 per cent.