PROPERTY NEWS May 5, 2011 YOO ARE GOING TO MUMBAI Yoo, the design brand, has launched a new development in Mumbai. The project is Jade Jagger’s first in India. It is set to comprise 452 apartments of two, three and four bedrooms as well as duplex sky villas spread across four towers. It is scheduled for completion in 2013. RENTS [...]
Housing market faces years of gloom April 26, 2011 IT may not feel that way in some parts of Greater London but the housing market remains stuck in the doldrums. This is not surprising: the great housing bubble of the noughties hasn’t finished deflating yet. The readjustment process is continuing, with prices falling in real terms – and there is still a decent way [...]
London house prices record another jump April 11, 2011 HOUSE prices in London have increased for the second straight month, as the capital continues to defy the housing market slump afflicting the rest of the UK. In London a positive balance of 21 per cent of chartered surveyors reported rising house prices in March, the Royal Institution of Chartered Surveyors (RICS) revealed today. In [...]
CITY MOVES | WHO’S SWITCHING JOBS March 31, 2011 GMT Partners The former BBC executive who launched the iPlayer, Ashley Highfield, has been appointed to the Industry Council of GMT Communications Partners, the European telecoms, media and technology-focused private equity group. Highfield is currently UK managing director and vice-president, consumer and online, at Microsoft. Prior to Microsoft, he spent eight years at the BBC, [...]
PROPERTY NEWS February 17, 2011 BLOCK MANAGEMENT REVOLUTION A computer programme called “Blockcare”, designed to manage the administration of small apartment blocks, has been launched by managing agent Ringley Group. The software could significantly lower the fees that leaseholders are charged by traditional managing agents – up to 90 per cent over the course of a year. There is a [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
Property’s mixed prospects in 2011 January 26, 2011 PROPERTY price indices suggest house prices are falling again, but what are the prospects for home owners and property investors? UK house prices fell 0.9 per cent in the final three months of 2010 and were down 1.3 per cent between November and December, the Halifax index shows. Some analysts expect them to fall further, [...]
Keep your loan on track January 26, 2011 IT’S a question playing on many homeowners’ minds: with interest rates expected to rise this year, should they fix their mortgage? The Bank of England left the official rate of borrowing unchanged for the 22nd consecutive month recently, but faces a dilemma given slowing economic growth and rising inflation. This week’s disappointing GDP data has [...]
London to let for Royal Wedding January 16, 2011 One in four London homeowners are considering competing with hotels during the weekend of the Royal Wedding, according to a survey from property website PrimeLocation.com. In a survey, 24 per cent of Londoners said they would considering letting out at least one spare room for the big day. On average, home rentals would be £38 [...]
Buyers require £100,000 salary to land a home in the capital November 8, 2010 PROSPECTIVE homeowners require a salary of almost £100,000 to buy the average priced home in London, a survey by the National Housing Federation finds. Even if buyers opt for one of the cheapest 25 per cent of properties, they would still need to earn more than £50,000, almost double the average income in the capital. [...]