London real estate nears record year: Investment in the capital’s commercial property set to top £20bn October 31, 2017 Investment in London’s commercial real estate sector is on track for a record-breaking year as international buyers flock to the capital. Property adviser Savills predicts that the total volume of commercial real estate transactions in central London during 2017 will top £20bn, and could end the year higher than the previous record level of £21.6bn [...]
London house prices: The 10 London neighbourhoods with the most £10m plus homes | City A.M. October 23, 2017 London’s high-end housing market may be struggling, but more than 50 homes worth more than £10m have been sold so far this year, new analysis has suggested. Not surprisingly, the place with the most ultra-high end deals is Belgravia, where seven sales worth more than £10m have taken place, totalling £151m. Meanwhile, Knightsbridge came second, [...]
China’s paradoxical growth plan is still attractive for global funds: Why President Xi’s pursuit of unity as well as expansion is working for now October 23, 2017 When President Xi first gained the position of President of China five years ago there was considerable western enthusiasm. He came across as a keen reformer willing to push on with China’s enterprise revolution. He wanted to open China’s markets more to the west, to liberalise foreign exchange, privatise more industry and even introduce more [...]
The West End wins big property deals as London office space take-up soars October 16, 2017 Take-up of office space in central London surpassed a 10-year average in the third quarter this year. Central London take-up was 3.4m sq ft, marking a quarterly increase of three per cent, and beating a 10-year average of 3.1m sq ft, according to the latest figures from global real estate advisor CBRE. The largest deal [...]
Rate rise will not leave challenger banks exposed says Hampshire Trust chief executive Mark Sismey-Durrant as profits surge October 16, 2017 A widely expected interest rate rise from the Bank of England will not leave the specialist lending sector exposed, according to the chief executive of a challenger bank which has seen profits surge in the last year. Hampshire Trust Bank recorded rapid profit and loan book growth in the first half of 2017 said its [...]
UK house prices: The 10 most expensive streets for million pound properties in London and Britain revealed by Zoopla October 2, 2017 The number of streets where homes cost more than £1m has grown by 16 per cent over the past year, new figures reveal. But the value of property on the most expensive street in Britain has fallen by £2.5m and, in fact, prices have declined on half of the top 10 priciest roads as London’s [...]
World Tourism Day 2017: Travel industry backs London as weaker pound powers boom September 27, 2017 Big players in the travel and tourism industry brushed off Brexit fears to herald London as a top destination today, as the sector celebrated World Tourism Day. Dana Dunne, chief executive of eDreams Odigeo, told City A.M. that weaker sterling “has been very attractive”, boosting visitor numbers to the capital. According to eDreams figures, this [...]
UK house prices: Property transactions fell again last month September 21, 2017 The number of homes bought and sold in the UK fell again between July and August, providing further evidence the property market is beginning to stagnate. On a seasonally adjusted basis, property transactions fell 0.5 per cent between July and August to 103,490, figures by HM Revenues and Customs (HMRC) showed. Although the figure is [...]
Fifth consecutive monthly house price fall in August as more signs emerge of London market dragging September 20, 2017 London house prices recorded the biggest average fall of any region in England and Wales in August, according to new data, as the squeeze at the top end of the British property market continues. Prices in the capital grew by only 0.7 per cent in the year to August, as the average price dropped by [...]
Crossrail’s latest mega milestone: The £14.8bn Elizabeth Line’s permanent track has been completed September 14, 2017 The £14.8bn Crossrail project today reached a new significant milestone with the completion of the permanent track for the Elizabeth line. Engineers affixed the final rail clips to the track in the eastbound tunnel of the new Whitechapel Elizabeth Line station. Read more: Crossrail construction: The 19 best pictures of the Elizabeth Line Construction trains [...]