BUYING August 11, 2011 MANAGING PARTNER AT BLACK BRICK Q.What effect will the recent fluctuations in the financial markets have on London property? A. Though significant, the movements in the financial markets haven’t caused the same panic or uncertainty that pervaded in the last financial crisis. The resilience that London property prices have shown since the last crisis has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 4, 2011 FINANCIAL TIMES E-PETITIONS SITE CRASHES ON LAUNCH A new e-petitions website allowing members of the public to put forward motions for debate by MPs has crashed under the weight of 1,000 visitors a minute trying to register proposals on issues such as the return of capital punishment and leaving the European Union. ICBC TO BUY [...]
ACTON, W3 August 4, 2011 BROMYARD AVENUE Price: £275,000 This one-bedroom, one-bathroom flat has a communal garden, parking and a private-gated entrance with a 24 hour concierge. Westfield Shopping Centre, Acton Green Common and the River Thames are all close by. Contact: Knight Frank on 020 7861 5336. or go to www.knightfrank.com. SOUTHFIELD ROAD Price: £575,000 This three-bedroom house has [...]
A bargain estate in bucolic Ireland August 4, 2011 TO say the Irish property market has had a bit of a rocky patch is like saying Brian O’Driscoll’s relatively tasty when it comes to scoring tries. As the Irish economy came apart in the recession, the property market fell, and fell, and fell. Then it fell a bit more. Now, those prepared to make [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2011 FINANCIAL TIMES LIVING SOCIAL SET TO BUY TICKET MONSTER LivingSocial, the world’s second biggest group discount website by customers after Groupon, has agreed to buy Ticket Monster, a South Korean equivalent site, to strengthen its presence in Asia. It is the latest acquisition by the US company, which has this year announced three deals to [...]
Europe’s rich flood London’s house market August 1, 2011 THE price of luxury homes in central London has jumped by almost 10 per cent in the past year, driven by demand from wealthy Europeans looking to invest outside of the troubled Eurozone economies. Prime London property prices have risen 9.6 per cent since July 2010, and are more than 28 per cent higher than [...]
Triple A rating still in doubt August 1, 2011 THE US could still be downgraded by ratings agencies despite passing its deficit reduction plan yesterday, say economists, leaving debt markets under a cloud of uncertainty. The deal to cut US spending by $2.4 trillion over the next decade falls far short of S&P’s stated requirement that Washington would have to produce some $4 trillion [...]
EASTBOURNE, EAST SUSSEX July 28, 2011 KING EDWARDS PARADE Price: £550,000 This three-bedroom seventh floor apartment sits on Eastbourne’s famous seafront and promenade. The apartment has an entrance hall, lounge, dining room, bathroom, shower room and a private balcony. The rooms and balcony have stunning views over the sea and downlands. Contact: Freeman Forman Eastbourne on 01323 453049 or go to [...]
PROPERTY NEWS July 28, 2011 FAIRY TALE CASTLE FOR SALE Castello di Scerpena, a five-bedroom mediaeval castle in Tuscany, is now on the market for €16.5m. There are two villas, a guardian cottage, a deer park and 190 hectares of land with 7,000 olive trees attached to the property’s sale. Contact Savills International on 0207 016 3754 or go to [...]
CITY GRANDEES DEBATE FUTURE OF UK BANKING July 25, 2011 MAGIC circle law firm Freshfields Bruckhaus Deringer’s Fleet Street offices played host last night to a City crowd debating one of the most pertinent questions currently facing the UK’s politicians, regulators and bankers – whether the country’s biggest banks should be forcibly broken up, or whether other kinds of reforms are the best way forward. [...]