Asian investors have poured over £1.5bn into London property since the Brexit vote November 21, 2016 Asian investors have been pouring their money into London commercial property following the Brexit vote. Figures from Cushman & Wakefield seen by City A.M. show that Asian buyers have spent over £1.5bn in the capital since June 2016, snapping up properties in the City and the West End. Read more: Apple's move to Battersea Power Station boosts [...]
Focus On Stoke Newington: Why leafy north London enclave Stoke Newington went from zero to hero on the housing market November 21, 2016 Stoke Newington, a leafy north London borough untroubled by a connection to the London Underground network, has become a byword for the kind of middle-class urban elite that drives UKIP voters round the bend. Once dismissed as a undesirable destination, the gentrification of Hackney has seen Stokey’s fortunes turn full-circle, and while it doesn’t yet [...]
The Titanic’s grade II-listed London ticket office has been turned into £5m luxury apartments November 21, 2016 Got £5m burning a hole in your pocket and an interest in gruesome maritime history? This might be for you: a developer has just unveiled a block of luxury flats in the building where the Titanic's ticket office was located. Grade II-listed Oceanic House, in Trafalgar Square, has been redeveloped into six luxury apartments, including [...]
From idea to IPO in three years: Purplebricks founder Michael Bruce November 21, 2016 "Every time you mention the word ‘estate agent,’ everyone gets a little bit of a smile on their face and an inner feeling of unhappiness,” says Michael Bruce, chief executive at Purplebricks, the online estate agency that has turned the industry on its head in a little over four years. Bruce has traversed the world [...]
Helical sells £35m investment property November 21, 2016 Property developer Helical has sold an investment property in Hammersmith for £34.5m. The property, One King Street, was bought by Orchard Street Investment Management, providing a net yield of 4.85 per cent for Helical. Helical purchased the building in 2012 and has since refurbished it, adding an additional floor. The offices, combined with the retail [...]
Why there won’t be much property magic in the Autumn Statement November 21, 2016 There is a long list of measures which, were they to appear in this Wednesday’s Autumn Statement, would be regarded as a magical outcome for us real estate types. For example: serious increases in the capital budget to fund infrastructure, which is both a facilitator of new development and a prerequisite for community acceptance of [...]
Opinion: Installing tech gadgets could increase the value of your home by £25,000 – if you do it tastefully November 18, 2016 Performing a valuation is never as simple as it appears. A property's true value can only be determined once you step inside and inspect in great detail. A home’s more obscure characteristics, from off-street parking to its historical significance, can often add a substantial premium. In our most recent agent survey, Savills looked at what [...]
Interiors: Two big trends are dominating Christmas homeware – contemporary and cosy – what will you choose? November 18, 2016 Contemporary The depths of winter always benefit from a little razzle-dazzle, which is one reason we like to put on the glitz for the party season. And this year it's true of our homes, too. Trailblazer Tom Dixon adopted metallics as a signature look many moons ago and his copper Melt pendant lights, as seen [...]
This is what the property industry wants from the Autumn Statement November 18, 2016 The big day is almost here – Autumn Statement day. The housing crisis has been at the top of the political agenda for years, but successive governments have failed to get a handle on it. Chancellor Philip Hammond is promising new funding to help get Britain building, but the property industry wants a range of [...]
People are pretty confident UK house prices rose this month November 18, 2016 Forget the slightly precarious economic situation both at home and across the pond – UK households are fairly confident the price of their properties have risen this month, new research has suggested. Knight Frank's house price sentiment index was at 55.3 points in November – suggesting the overall view is that prices were up during [...]