In graphs: Country house prices on the rise as the London effect spreads July 8, 2014 As house prices in London continue to rise, the effect is beginning to spread to properties outside the capital, including country houses. According to research from Knight Frank, a real estate consultancy company, prime country house prices rose by 1.1 per cent in the last quarter and by 5.2 per cent over the year to [...]
London prime rents improve June 30, 2014 RENTS in London’s prime postcodes rose 0.2 per cent in the first three months of the year after a two-and-a-half-year decline, as a recovery in the lettings market began to gather pace. The capital ranked at the bottom of Knight Frank’s Price Global Rental Index, in 18th place, after rents declined by two per cent [...]
Aviva Igloo Fund’s Bermondsey Square up for sale for £34m June 26, 2014 Aviva’s Igloo Fund has appointed property agents Knight Frank to put its mixed-use development in Bermondsey up for sale, with a price tag of £34m. The development at Bermondsey Square is already fully let and includes an 80-bed boutique hotel as well as 35,000 square feet of offices, shops and 76 homes. It also has [...]
Mansion tax would hit twice as many houses today as in 2009 June 25, 2014 THE NUMBER of houses which would be hit by a mansion tax has doubled in the past five years, alongside the rapid recovery in prices, especially in the capital. Research released by consultancy Knight Frank yesterday indicated that a tax on residential properties which cost more than £2m would hit twice as many homes today [...]
Tory peer Lord Spicer decides to step down from EnergyUK June 17, 2014 Lord Spicer, the former chair of the Conservative 1922 committee, is stepping down from chairing EnergyUK – the industry’s trade association – just as the domestic energy market is coming under intense political pressure. According to Sky News, Lord Spicer notified EnergyUK’s board earlier this year of his decision. Angela Knight, the former chief executive [...]
British buyers snap up over half of London’s £10m homes June 10, 2014 THE NUMBER of Brits buying UK properties worth over £10m has soared over the past year and they now make up most of the market as the economic recovery gathers pace. British buyers of super-prime homes have risen from 36 per cent in 2013 to 53 per cent of the market since the start of [...]
British buyers are now snapping up over half of London’s £10m-plus homes June 10, 2014 The number of Brits buying properties worth over £10m has soared over the past year and now account for more than half of the market as the economic recovery gathers pace. British buyers of super-prime homes have risen from 36 per cent in 2013 to 53 per cent since the start of 2014, today’s [...]
Brussels tells UK: Build more to cut risks from housing boom June 2, 2014 LONDON’S house price boom is creating dangerous imbalances in the British economy, the European Commission warned yesterday. More houses are needed to return the market to health, the study said, noting that soaring prices are driving up household mortgage debts and building financial risks. “The relatively slow response of supply to increases in demand continues [...]
Imperial Innovations in £150m share placing to fuel investment June 2, 2014 IMPERIAL Innovations, the Aim-listed commercialisation firm founded by Imperial College London, announced yesterday that it is raising up to £150m to invest in research coming out of universities over the next 12 months. Imperial said it will raise the funds as part of a placing of new shares with existing and new institutional investors later [...]
Global house prices slow as the UK jumps up world rankings June 2, 2014 Global house prices have increased for the eighth quarter in a row but the rate of price growth is now slowing, according to figures out today from Knight Frank. Prices rose by 7.1 per cent in the year to March, according to the property agency’s Global House Price Index. However the last quarter [...]