Asking prices cut in bid to draw buyers November 14, 2010 SELLERS slashed their asking prices in November by 3.2 per cent, the biggest monthly fall since December 2007, as they try to attract bargain-hunting buyers. This is the fourth monthly fall in the past five months and takes the annual change to just 1.3 per cent, down from 2.9 per cent in October. Greater London [...]
Shard starts tenant hunt November 10, 2010 SELLAR Property, the developer of the Shard skyscraper, yesterday appointed four leasing agents to find tenants for the tower and office block near London Bridge. Jones Lang LaSalle and Knight Frank will act as joint sole agents for the 310m Shard tower, while CB Richard Ellis and Colliers International will advise on nearby London Bridge [...]
CITY MOVES | WHO’S SWITCHING JOBS November 9, 2010 Colliers International Anthony Michael Horrell has taken up the chief executive’s mantle at the real estate advisory firm. The 49-year-old was until recently head of Jones Lang LaSalle’s capital markets group in Europe, spearheading the expansion of the international capital markets business. He spent a total of 27 years at the firm and is also [...]
Buy a slice of one of Europe’s best cultural hotspots November 4, 2010 SURE, lounging by the pool with a row of Cyprus trees and a bottle of rosé as company sounds like a good use of a second home. But such indolence may not be everyone’s idea of a perfect escape. And in winter, even that Provencal farmhouse or Tuscan villa will become frosty. The perfect alternative, [...]
SME owners say that bank lending problem damages London’s image November 4, 2010 BANKS’ continuing reluctance to lend to small businesses in London is damaging the capital’s reputation as a place to do business, says a report by law firm Mishcon de Reya and the London Chamber of Commerce and Industry. Of 170 small business owners in London who were interviewed 62 per cent said that they have [...]
Foreign buyers prop up London property values November 1, 2010 FOREIGN buyers are helping push up house prices in the most affluent areas of central London, according to fresh research. While the value of prime homes in London has fallen one per cent since July, overseas buyers have buoyed prices in areas like Kensington and Chelsea, says agent Knight Frank. Foreign buyers made up 68 [...]
Three cheers for the stars of the Square Mile October 28, 2010 LAST night was truly an exciting and exceptional occasion: City A.M.’s inaugural awards celebrating the best and brightest of London’s business, financial and investment communities. Our inaugural awards ceremony saw more than 450 guests in their finery roll up at the Grange Hotel at St Pauls. Our winners, unique in that each was initially chosen [...]
The kids will be alright with a Junior Isa October 28, 2010 WHEN the coalition government revealed in May that it would be scrapping Child Trust Funds (CTF) from January 2011 to save £500m a year, there was an outcry from fund managers, financial experts and think tanks alike, who argued that the CTF had instilled a savings culture in children from an early age. More than [...]
Bewitching homes for beautiful living October 28, 2010 WHILE few sane people would relish the idea of cohabiting with a ghost or other supernatural presence, Britain is an old country and has its fair share — perhaps more than its fair share — of spooky residences. We have more graveyards than you can shake a stick at, and plenty of people have died [...]
Find yourself the perfect snowy bolthole October 28, 2010 AFTER reports this week that the UK economy has sharply bounced back from recession, confidence has returned to the second home market and those with a penchant for skiing can’t help but turn their attention Alps-ward – especially as the first snowfall of the season came two days ago. “We’ve seen an increase in demand [...]