No end in sight for London house price boom: Average asking price soars to more than £600,000 June 15, 2015 House prices in the capital are set to outpace earnings for the foreseeable future, despite government efforts to boost house building and affordability. Average London asking prices have jumped to £613,922 – above £600,000 for the first time ever – according to Rightmove data published today. It marks a rise of 5.8 per cent compared [...]
Investors give thumbs up to British assets June 14, 2015 JUNE saw the largest climb in investor sentiment toward UK shares for over two years, according to one of Britain’s biggest banks. Net sentiment toward UK shares hit 40.2 per cent in June, up from 26.3 per cent in May, figures released today by Lloyds Bank show. Net sentiment is the difference between the percentage [...]
Forging ahead: Raidla Ellex founder Juri Raidla talks Baltic collaboration, grandchildren and the day the world changed June 14, 2015 At the back end of 1991, the Soviet Union began heaving itself out of Estonia – 60 years after it invaded and illegally occupied it, and shoved in a puppet government. For the former Estonian SSR, independence was a watershed moment – a brighter future for a country reclaimed. But this was a country [...]
As new pension rules take hold, these seven cities are worth a look if you’re planning on investing in global property June 12, 2015 UK pensioners and investors could cash in by buying property in cities such as Miami and Berlin, according to research from IP Global. The company identified seven cities a being ripe for investment, including far-flung locations such as Miami and Melbourne. The government’s pension reforms have freed up savings, and many pensioners have already used [...]
Leaving London: Is moving out of the Big Smoke good value for money? The pros and cons June 11, 2015 With London homes so expensive, more people than ever are thinking of escaping to the country. But is it all it’s cracked up to be? We’ve teamed up with the help of property agent Savills to challenge the assumption that you’ll get better value for your money buying outside the capital. For some, the [...]
Focus on Balham: Once the butt of jokes, now the SW place to be June 11, 2015 When Peter Sellers said Balham was the “Gateway to the South” he was poking fun at the fact that nothing of note ever happened there. A semi-suburban no man’s land at the bottom of the Northern Line, it was the pinnacle of meh – the kind of place north Londoners probably think about when they [...]
It’s a great time to be a landlord in Milan as tourists flock to Expo 2015 June 11, 2015 This summer, Italy’s making a comeback. After years struggling under a prolonged economic crisis of its own, it finally seems as though its on the path to recovery. And there’s no greater proof of this than its most fashionable city, Milan, hosting Expo 2015. The world trade fair is underway, uniting innovators from the tech, [...]
London house prices: As rents keep rising, here’s how the Monopoly board looks in 2015 June 11, 2015 Click to see table in a new window There has been a shake-up in the London property price hierarchy, and the most profitable places to be a landlord have moved dramatically. That well-established measure of London property values – the humble Monopoly board – has been shaken and stirred by fluctuations in the market, and [...]
UK house price growth expected to surge as post-election supply bounce lacking June 10, 2015 Hopes for a post-election surge in the supply of houses to the market have failed to materialise, the Royal Institution of Chartered Surveyors (RICS) said today. “Tight supply conditions continue to be a key factor underpinning prices, with fresh instructions to sell becoming increasingly sparse while average stocks per surveyor fell to a new record [...]
City Moves for 11 June 2015 | Who’s switching jobs June 10, 2015 JLL The property-focused professional services and investment management firm has announced three appointments to its Central London tenant representation team. Robin Pugh becomes national director. He has previously worked for JLL in Dubai and in its City leasing team. Andrew Wood (pictured) joins as associate director. He has previously held roles at CBRE and DTZ [...]