Trevor Leggett, managing director of French estate agency Leggett Immobilier, comments on the results of the French general election.
He says:
"It's impossible to accurately predict the impact that Hollande's narrow victory will have on the French property market. His pre-election pledges were to increase the upper income tax to 45%, bring more people in to the annual wealth tax band, and introduce a 75% "super tax" band for anyone whose annual income exceeds £1million. He has also pledged to end the austerity measures brought in by Sarkozy and spend his way out of trouble.
"These pledges seem to have some central London estate agents rubbing their hands with glee at the expected influx of the French 'super rich'.
"One thing we can predict with confidence is that this change in governmental strategy will create opportunities for international investors. We are already seeing the euro/sterling rate hitting the 1.25 mark and with french mortgages already amongst the cheapest in Europe it looks like there will be plenty of people looking to both buy and sell over the course of the year.
"This time last year you could get 1.10 euros to the pound which means that for a client with £400,000 to spend they now have around €60,000 more in the kitty than they did 12 months ago. That would pay for a pool, tennis court and a season ticket for the plat de jour at your local brasserie.
"Whatever happens though you can be sure of one thing. France will continue to be the most visited country on ther planet and will, once again, head up just about every "quality of life" survey that the glossy magazines are so fond of publishing!"
My Introducer
Tuesday, 15 May 2012
Friday, 11 May 2012
London Investment Property For Sale: Full Planning for 3 Semi Detached Residential Prop...
London Investment Property For Sale: Full Planning for 3 Semi Detached Residential Prop...: Putteridge Freehold Property With Planning Putteridge Road Luton Bedfordshire LU2 Net Saleable: 2390 sq/ft* £ 130,000 The develo...
Wednesday, 9 May 2012
Freehold Property For Sale: Site With Planning Godalming, Surrey
Freehold Property For Sale: Site With Planning Godalming, Surrey: Godalming Investment Land for Sale Borough Road Godalming Surrey GU7 Gross Site Area: 10872 sq/ft* £ 800,000 + VAT Godalming i...
Freehold Property For Sale: Kent Development Opportunity
Freehold Property For Sale: Kent Development Opportunity: Former Courts for Sale Dartford, Kent Spital Street Dartford Kent DA1 Gross Site Area: 11633 sq/ft* £ 950,000 Freehold Dartford ...
Monday, 7 May 2012
East London Landlords Cash in on Olympics
Tenants in east London are being evicted from their homes as landlords attempt to cash in on the Olympics, BBC News has learned.
The housing charity Shelter says it has seen more evidence of landlords acting unscrupulously and evicting people illegally.
One estate agent said properties typically rented for £350 per week were being marketed for £6,000 per week.
Shelter fears the problem will get worse as the Games approach.
The BBC's Michael Buchanan says: "The potential profits are leading to some private landlords telling their tenants they have to leave their homes, with little notice."
The housing charity Shelter says it has seen more evidence of landlords acting unscrupulously and evicting people illegally.
One estate agent said properties typically rented for £350 per week were being marketed for £6,000 per week.
Shelter fears the problem will get worse as the Games approach.
The BBC's Michael Buchanan says: "The potential profits are leading to some private landlords telling their tenants they have to leave their homes, with little notice."
London Housing Market
Across the UK, the London property market was the only part of the country to see prices rise in April, albeit at the slowest rate since the middle of 2011, according to the latest RICS UK Housing Market survey.
While home prices are falling across much of the UK, regional declines are being counterbalanced by capital growth in London.
A shortage of new homes coming onto the market has created pent-up demand, with an excess of demand over supply especially in Prime Central London.
But while the city's super prime property markets look solid, the city's second-tier markets continue to go from strength to strength.
Ingrid Skinner of housebuilder Taylor Wimpey recently said: "Boroughs such as Highbury and Islington, Camden, Hammersmith and Fulham can be seen to be prudent investments. Entry level pricing is lower and rental demand continues to be strong."
Demand for homes in London is being supported by a growing influx of foreign nationals, largely because they see London as a safe place to preserve wealth as they face political, economic and financial upheaval in their home markets.
Greek buyers more than doubled their spending on properties in prime London in 2011 as riots raged across Athens, while the French are expected to flock to London following President Sarkozy's election defeat to François Hollande, the Socialist candidate who wants to raise taxes for the rich.
French buyers are now among the leading buyers of prime homes in London, with overseas purchasers making up 43% of all purchasers in its prime markets, according to Savills.
While home prices are falling across much of the UK, regional declines are being counterbalanced by capital growth in London.
A shortage of new homes coming onto the market has created pent-up demand, with an excess of demand over supply especially in Prime Central London.
But while the city's super prime property markets look solid, the city's second-tier markets continue to go from strength to strength.
Ingrid Skinner of housebuilder Taylor Wimpey recently said: "Boroughs such as Highbury and Islington, Camden, Hammersmith and Fulham can be seen to be prudent investments. Entry level pricing is lower and rental demand continues to be strong."
Demand for homes in London is being supported by a growing influx of foreign nationals, largely because they see London as a safe place to preserve wealth as they face political, economic and financial upheaval in their home markets.
Greek buyers more than doubled their spending on properties in prime London in 2011 as riots raged across Athens, while the French are expected to flock to London following President Sarkozy's election defeat to François Hollande, the Socialist candidate who wants to raise taxes for the rich.
French buyers are now among the leading buyers of prime homes in London, with overseas purchasers making up 43% of all purchasers in its prime markets, according to Savills.
Friday, 4 May 2012
Emerging Markets
Emerging markets top global house price league over the past decade
India sees the biggest rise in house prices since 2001
UK among the 15 top performing housing markets
Eurozone in the 10 worst performing housing markets
Emerging markets saw the biggest increases in house prices over the past decade, according to the Lloyds TSB International Global Housing Market Review. Emerging economies accounted for four of the six top performing housing markets since 2001, including the three countries with the biggest rises.
India sees the biggest rise in house prices since 2001
UK among the 15 top performing housing markets
Eurozone in the 10 worst performing housing markets
Emerging markets saw the biggest increases in house prices over the past decade, according to the Lloyds TSB International Global Housing Market Review. Emerging economies accounted for four of the six top performing housing markets since 2001, including the three countries with the biggest rises.
Thursday, 29 March 2012
Good Rental Yields Boost Buy to Let Applications
Lenders are struggling to cope with the level of buy-to-let mortgage business they are attracting as new figures show average rents climbed again in 2011. Rental yields remain good for landlords in most parts of the UK and, as a result, both banks and building societies have been struggling under the weight of investment mortgage applications in recent weeks.
Keith Osborne of whathouse.co.uk commented "Recently, lenders including the Skipton Building Society, Accord, the Nottingham and the Hinckley and Rugby Building Society have been forced to withdraw many of their mortgage deals due to exceptionally high demand. When larger lenders raise rates on their mortgages, smaller building societies are often left with attractive products which result in an influx of applications. They then often have to close for business on a temporary basis while they clear the backlog."
Property News
Keith Osborne of whathouse.co.uk commented "Recently, lenders including the Skipton Building Society, Accord, the Nottingham and the Hinckley and Rugby Building Society have been forced to withdraw many of their mortgage deals due to exceptionally high demand. When larger lenders raise rates on their mortgages, smaller building societies are often left with attractive products which result in an influx of applications. They then often have to close for business on a temporary basis while they clear the backlog."
Property News
Monday, 26 March 2012
Invest in London New York and Kuala Lumpur
A report from IP Global places London, New York and the emerging city of Kuala Lumpur rank as the top three hubs to watch this year. Cities to avoid are listed as Athens, Hong Kong and Prague.
London property market is being fuelled by international investors with 5% growth forecast for 2012 while New York is perceived as a safe haven with prices still 20% below their peak.Prime London property continues to attract foreign investors and top the rankings. Sales volumes increased 85% over the last year, as a result of 11% price growth and rental demand remaining strong.
As Overseas investors now account for 48% of all prime central London property purchases, London remains the primary overseas property investment market.The report states that Kuala Lumpur leads the way in the Far East, with average price increases of 5 to 24% and says there is encouraging activity in San Francisco, Brisbane, Perth and Istanbul.
London property market is being fuelled by international investors with 5% growth forecast for 2012 while New York is perceived as a safe haven with prices still 20% below their peak.Prime London property continues to attract foreign investors and top the rankings. Sales volumes increased 85% over the last year, as a result of 11% price growth and rental demand remaining strong.
As Overseas investors now account for 48% of all prime central London property purchases, London remains the primary overseas property investment market.The report states that Kuala Lumpur leads the way in the Far East, with average price increases of 5 to 24% and says there is encouraging activity in San Francisco, Brisbane, Perth and Istanbul.
Wednesday, 21 March 2012
Scottish / London Property Price Gap Widens
The gulf in price between high-value Scottish homes and those in London and the south-east of England has “never been wider”, according to a new report.Savills estate agency said the previously resilient prime market – properties worth between £400,000 and £1 million – slumped last year.
It blamed unrealistic sellers over-pricing property and less “London money” from people either moving from the city or looking for second homes or investments in Scotland.This had led to the average value of properties on the Savills Prime Scotland Index being £589,225 compared to just over £3m on the Savills Prime Central London Index.
However, Rettie & Co said it had seen a resurgence in interest in homes worth more than £400,000 in Edinburgh and the Lothians in recent weeks, and believed the market could be about to bounce back. And Savills believes there is still plenty of interest in prime property that is priced realistically.
Property News
It blamed unrealistic sellers over-pricing property and less “London money” from people either moving from the city or looking for second homes or investments in Scotland.This had led to the average value of properties on the Savills Prime Scotland Index being £589,225 compared to just over £3m on the Savills Prime Central London Index.
However, Rettie & Co said it had seen a resurgence in interest in homes worth more than £400,000 in Edinburgh and the Lothians in recent weeks, and believed the market could be about to bounce back. And Savills believes there is still plenty of interest in prime property that is priced realistically.
Property News
Tuesday, 20 March 2012
Best Looking Cities
London does not make the top ten for cities with best looking males! According to Travellers Digest.
The full list of the top ten can be seen below:
1. Stockholm, Sweden
2. New York City, USA
3. Amsterdam, Netherlands
4. Lisbon, Portugal
5. Buenos Aires, Argentina
6. Sydney, Australia
7. Madrid, Spain
8. Berlin, Germany
9. Milan, Italy
10. Tel Aviv, Israel
The full list of the top ten can be seen below:
1. Stockholm, Sweden
2. New York City, USA
3. Amsterdam, Netherlands
4. Lisbon, Portugal
5. Buenos Aires, Argentina
6. Sydney, Australia
7. Madrid, Spain
8. Berlin, Germany
9. Milan, Italy
10. Tel Aviv, Israel
Thursday, 15 March 2012
London Letting Agents Blog: Rents Continue to Rise, But Slowly
London Letting Agents Blog: Rents Continue to Rise, But Slowly: Royal Institution of Chartered Surveyors (RICS) survey has shown that rents are still rising, but at the slowest rate for two years.
Around one in eight letting agents are reporting rent increases, but RICS says this may be a sign the market has hit a plateau as new tenants are either unable or unwilling to pay higher rents.
Tuesday, 13 March 2012
RICs Scotland Report Optimism Despite Shortage of Buyers
Scotland's surveyors have reported optimism among house sellers, despite buyers remaining "thin on the ground".According to a report, surveyors in Scotland are the most negative in the UK about how many sales will be achieved in the next three months, reports the BBC.
The Royal Institution of Chartered Surveyors Scotland (RICS) also found many members expected house prices to fall in the next three months.The lack of mortgage finance is still being blamed for the subdued market.
RICS Scotland said 7% of respondents to its monthly survey said prices had risen in the last three months, however 63% said they had stayed the same and 30% said they had fallen.Scottish surveyors were also among the most pessimistic in the UK when it came to future prices, with many expecting a fall during the spring.However, some in the industry have suggested there is an upturn in activity.
Alasdair Seaton, of DM Hall in Kinross, said: "The new year has seen an increase in sales activity. New properties for sale, if correctly priced and with a correct Home Report value, are selling reasonably quickly. Overpriced properties however will sit with little or no interest."
Malcolm Taylor, of Bell Ingram in Forfar, added: "The market is very slow and sellers' expectations are still too high."
RICS suggested a lack of finance was hampering activity.Sarah Speirs, director of RICS Scotland, said: "The housing market in Scotland is still flat as affordable mortgage finance is still out of reach for many potential first time buyers."Some surveyors are reporting interest in the lower end of the market from investors and this could help get the market moving again, as people sell their first homes and move up the property ladder."
Iain M Lewis, from the Torrance Partnership in Portree, remained pessimistic.He said: "The market conditions are likely to remain poor. Lenders are applying restrictive policies which are reducing significantly the number of first time buyers entering the market and this is causing a log jam."
The Royal Institution of Chartered Surveyors Scotland (RICS) also found many members expected house prices to fall in the next three months.The lack of mortgage finance is still being blamed for the subdued market.
RICS Scotland said 7% of respondents to its monthly survey said prices had risen in the last three months, however 63% said they had stayed the same and 30% said they had fallen.Scottish surveyors were also among the most pessimistic in the UK when it came to future prices, with many expecting a fall during the spring.However, some in the industry have suggested there is an upturn in activity.
Alasdair Seaton, of DM Hall in Kinross, said: "The new year has seen an increase in sales activity. New properties for sale, if correctly priced and with a correct Home Report value, are selling reasonably quickly. Overpriced properties however will sit with little or no interest."
Malcolm Taylor, of Bell Ingram in Forfar, added: "The market is very slow and sellers' expectations are still too high."
RICS suggested a lack of finance was hampering activity.Sarah Speirs, director of RICS Scotland, said: "The housing market in Scotland is still flat as affordable mortgage finance is still out of reach for many potential first time buyers."Some surveyors are reporting interest in the lower end of the market from investors and this could help get the market moving again, as people sell their first homes and move up the property ladder."
Iain M Lewis, from the Torrance Partnership in Portree, remained pessimistic.He said: "The market conditions are likely to remain poor. Lenders are applying restrictive policies which are reducing significantly the number of first time buyers entering the market and this is causing a log jam."
Tuesday, 6 March 2012
Scottish House Market; Second Steppers Facing Challenging Market
Bank of Scotland has launched its annual ‘Second Stepper’ report which tracks the ongoing plight of first time sellers amid a challenging housing market in Scotland. The report reveals that home affordability for Second Steppers has become much less favourable and declining house prices have led to equity shortfalls for many.
Carol Anderson, Head of Mortgages at Bank of Scotland commented explains:
"First time sellers in Scotland are now faced with some very tough challenges when trying to make their next move on the property ladder. Almost two thirds of Scottish Second Steppers have wanted to climb up the ladder in the past 12 months but have been unable to do so as they face an increasing number of challenges. It is vital that this group of home movers receive more support and attention as they play an intrinsic role in getting the housing market moving again.
“To achieve a sustainable housing market in Scotland we need to see movement throughout the market. If Second Steppers get stuck on the first rung, movement at the bottom half of the ladder comes to a standstill, and this bottleneck will not only restrict the supply of starter properties but will have a knock on effect across the whole of the housing market.”
Scottish House Market News
Carol Anderson, Head of Mortgages at Bank of Scotland commented explains:
"First time sellers in Scotland are now faced with some very tough challenges when trying to make their next move on the property ladder. Almost two thirds of Scottish Second Steppers have wanted to climb up the ladder in the past 12 months but have been unable to do so as they face an increasing number of challenges. It is vital that this group of home movers receive more support and attention as they play an intrinsic role in getting the housing market moving again.
“To achieve a sustainable housing market in Scotland we need to see movement throughout the market. If Second Steppers get stuck on the first rung, movement at the bottom half of the ladder comes to a standstill, and this bottleneck will not only restrict the supply of starter properties but will have a knock on effect across the whole of the housing market.”
Scottish House Market News
Saturday, 3 March 2012
New York Tops London For Commercial Property Investment
Bloomberg reports that New York extended its lead over London as the top destination for commercial real-estate investment as the U.S. economy revived and Europe’s debt crisis discouraged some buying in the region, property broker Cushman & Wakefield Inc. said today in a report.
Investment for commercial properties rose to $35.7 billion in New York last year, including multifamily buildings, making it the largest target for buyers at a city level, the broker said. That compares with $29.2 billion in London and $22.6 billion for Tokyo.
Commercial investment globally rose 14 percent in 2011 to $727 billion, or $808 billion including multifamily properties, Cushman & Wakefield said, with volumes up 83 percent from 2009. New York overtook London as the No. 1 destination for real- estate investment in the twelve months through August for the first time since 2007 as improved access to financing spurred deals. At the time, New York led London by $2.5 billion.
“There was a flight to quality in the Americas,” said Greg Vorwaller, global head of capital markets for Cushman & Wakefield. Investors focused “on best-in-class assets in flagship markets” including New York, Washington, San Francisco, Boston, Los Angeles and Chicago, he said.
Investment for commercial properties rose to $35.7 billion in New York last year, including multifamily buildings, making it the largest target for buyers at a city level, the broker said. That compares with $29.2 billion in London and $22.6 billion for Tokyo.
Commercial investment globally rose 14 percent in 2011 to $727 billion, or $808 billion including multifamily properties, Cushman & Wakefield said, with volumes up 83 percent from 2009. New York overtook London as the No. 1 destination for real- estate investment in the twelve months through August for the first time since 2007 as improved access to financing spurred deals. At the time, New York led London by $2.5 billion.
“There was a flight to quality in the Americas,” said Greg Vorwaller, global head of capital markets for Cushman & Wakefield. Investors focused “on best-in-class assets in flagship markets” including New York, Washington, San Francisco, Boston, Los Angeles and Chicago, he said.
Friday, 2 March 2012
Development Land With Planning for Sale in Birmingham
Development Land For Sale in Birmingham
Cotteridge
Hudsons Drive
Birmingham
West Midlands
B30
Gross Site Area: 19800 sq/ft*
£ 575,000
Freehold
Cotteridge is a residential area of Birmingham approximately 4.5 miles south of Birmingham City Centre connected to both the Watford Road and the Pershore Road.
The property is located in a recently developed residential road that offers good transport links to the City Centre, local amenities including the Cotteridge centre, Bournville and Kings Norton train stations.
Forming part of a larger scheme to develop a former factory and car park into 51 residential dwellings however in 2007 only the factory site was built leaving the car park undeveloped.
The car park comprises 11 Residential dwellings (5 x 3 bed houses, 2 x 1 bed flats & 4 x 2 bed flats)
Land with Planning for Sale Cotteridge, Birmingham
Thursday, 1 March 2012
Sheffield Property With Planning for Sale
Sheffield Site With planning For Sale
Steel Works
Kelham Island, Dun Fields
Sheffield
South Yorkshire
S3
GIA: 74361 sq/ft*
£ 3,000,000
Freehold
Sheffield is the countrys fourth largest city nestled on the edge of the beautiful Peak District. The citys two highly regarded universities fuel one of the youngest populations in the UK, with many students opting to stay after graduation, thus generating a highly trained workforce.
The city centre boasts a unique cultural scene from live music, arts, to the classic architectural beauty of City Hall and the Cathedral. Together with its renowned sporting facilities and the vibrant night life, Sheffield is a diverse and popular city.
The development can be found on Kelham Island (S3) one of the citys oldest industrial districts and is within walking distance of the City Centre and ideal for commuters with the new outer ring road and connections to the motorway.
Full planning permission has been granted for the demolition of this former steel works and the construction of 138 luxury apartments (28x Studios, 40x 1 beds, 41x 2 beds, 26x 3 beds & 8x 4 beds)
The inspiration behind Steel Works comes from Sheffields unique industrial heritage and worldwide acclaim as a major manufacturer of steel products. Steel Works enjoys a distinctive urban environment set against an impressive background of historic buildings. Much of the steel was produced in small courtyard developments and Steel Works celebrates these origins by creating carefully proportioned, linked, landscaped courtyards as a focus for the new development.
S.106 contribution £272,050
Property for Redevelopment for Sale In Sheffield
London Olympic Borough of Newham Portrayed
Bloomberg reports on the London Borough of Newham, and it does not read so well.
The east London borough is situated 5 miles (8 km) east of the City of London and is hosting the 2012 Olympic Games had the city’s biggest decline in home prices even after the government spent billions of pounds on projects aimed at revitalizing the capital’s poorest area.Prices in Newham, where the opening ceremony will be held on July 27, fell 2.5 percent last year compared with a 2.8 percent gain in London overall, Jones Lang LaSalle Inc. (JLL) estimates. Property values in the three other areas benefiting most from Olympic investment all rose, according to the Chicago-based broker.
Newham spreads from Stratford, where the Olympic Park is based, past the home of the West Ham United to East Ham on the region’s border with Barking & Dagenham. With about 270,000 residents, had the lowest average income among London boroughs and the eighth lowest in England in 2010, according to a survey by the Department of Communities and Local Government. According to 2006 estimates, Newham has one of the highest ethnic minority populations of all the districts in the country, with no particular ethnic group dominating.
While areas closest to the Olympic Park will benefit from improved rail services, sports venues and new businesses, much of the borough lacks infrastructure and amenities such as schools and restaurants that attract homebuyers, according to residents and real-estate professionals.There are few signs of revitalization are visible in the neighborhood of Plaistow about two miles southeast of the Olympic Stadium.
Renewal projects linked to the Olympics include upgraded rail links that can transport passengers between Stratford to London’s Kings Cross in seven minutes, the construction of more than 2,800 homes, one of the U.K.’s largest tree planting projects and the cleaning of almost two million tons of contaminated soil.“London 2012 truly will be remembered as the regeneration games, due to the scale of change that is being delivered,” Olympic Delivery Authority Chairman John Armitt told a conference of business leaders in 2008.
Unemployment in Newham was 14.7 percent in the year through June 2011, according to the Office for National Statistics.
The east London borough is situated 5 miles (8 km) east of the City of London and is hosting the 2012 Olympic Games had the city’s biggest decline in home prices even after the government spent billions of pounds on projects aimed at revitalizing the capital’s poorest area.Prices in Newham, where the opening ceremony will be held on July 27, fell 2.5 percent last year compared with a 2.8 percent gain in London overall, Jones Lang LaSalle Inc. (JLL) estimates. Property values in the three other areas benefiting most from Olympic investment all rose, according to the Chicago-based broker.
Newham spreads from Stratford, where the Olympic Park is based, past the home of the West Ham United to East Ham on the region’s border with Barking & Dagenham. With about 270,000 residents, had the lowest average income among London boroughs and the eighth lowest in England in 2010, according to a survey by the Department of Communities and Local Government. According to 2006 estimates, Newham has one of the highest ethnic minority populations of all the districts in the country, with no particular ethnic group dominating.
While areas closest to the Olympic Park will benefit from improved rail services, sports venues and new businesses, much of the borough lacks infrastructure and amenities such as schools and restaurants that attract homebuyers, according to residents and real-estate professionals.There are few signs of revitalization are visible in the neighborhood of Plaistow about two miles southeast of the Olympic Stadium.
Renewal projects linked to the Olympics include upgraded rail links that can transport passengers between Stratford to London’s Kings Cross in seven minutes, the construction of more than 2,800 homes, one of the U.K.’s largest tree planting projects and the cleaning of almost two million tons of contaminated soil.“London 2012 truly will be remembered as the regeneration games, due to the scale of change that is being delivered,” Olympic Delivery Authority Chairman John Armitt told a conference of business leaders in 2008.
Unemployment in Newham was 14.7 percent in the year through June 2011, according to the Office for National Statistics.
Wednesday, 29 February 2012
Olympics and Jubilee celebrations have not really prompted a mass surge of enquiries for short term lets
Property owners who are expecting to reap the benefits of increased rental returns during this year's big London events should not set their sights too high. The Olympics and Jubilee celebrations have not really prompted a mass surge of enquiries for short term lets;it appears that 90 percent of letting enquiries about this period are speculative enquiries coming from would be landlords planning to leave London during these busy events,and make a quick killing at the same time.
The Olympic or Jubilee Effect has also been used to promote the sale of London investment and buy to let property at overseas property shows. Recent surveys show that there has been a marked increase in Australian investment in residential buy to let property. However,this is more likely to be the result of the strong Australian dollar and familiarity with the London rental market, than with a one off events.
Any other recent rise in overseas nationals increased interest and purchase can be directly traced back to events in the home country; Russians seeking a safe haven in the run up to unnerving presidential elections; Cash rich Greeks are also seeking a steady investment during uncertain economic times; Chinese investors have already replaced those from Russia and the Middle East as the busiest property investors, led by their Government looking to invest huge, surplus to requirements, sovereign wealth fund. No doubt these investors will also be able to afford some Olympic opening ceremony tickets too.
London residential agent Robert Lazarus commented "London's annual events such as Wimbledon obviously skew the property market of surrounding areas, and boost rental income for the period, but property investment is a long term project and local regeneration benefits aside, one off events are unlikely to impact on property markets."
London Property News
The Olympic or Jubilee Effect has also been used to promote the sale of London investment and buy to let property at overseas property shows. Recent surveys show that there has been a marked increase in Australian investment in residential buy to let property. However,this is more likely to be the result of the strong Australian dollar and familiarity with the London rental market, than with a one off events.
Any other recent rise in overseas nationals increased interest and purchase can be directly traced back to events in the home country; Russians seeking a safe haven in the run up to unnerving presidential elections; Cash rich Greeks are also seeking a steady investment during uncertain economic times; Chinese investors have already replaced those from Russia and the Middle East as the busiest property investors, led by their Government looking to invest huge, surplus to requirements, sovereign wealth fund. No doubt these investors will also be able to afford some Olympic opening ceremony tickets too.
London residential agent Robert Lazarus commented "London's annual events such as Wimbledon obviously skew the property market of surrounding areas, and boost rental income for the period, but property investment is a long term project and local regeneration benefits aside, one off events are unlikely to impact on property markets."
London Property News
Monday, 27 February 2012
London House for Sale, West Hampstead
Freehold Property For Sale: London House for Sale, West Hampstead: Broomsleigh Street, West Hampstead, London, NW6 A superb period character house in excellent decorative order in a quiet residential turni...
Thursday, 23 February 2012
One Commercial Street Development Launched
City of London Property Market News Blog: One Commercial Street Development Launched: Redrow has announced the global launch of its One Commercial Street development; an iconic mixed use development set within a prominent 23 s...
Wednesday, 22 February 2012
Basingstoke Pub foe Sale, Hampshire
Leasehold public house/development land for sale with full vacant possession.
Buckskin
Blackdown Close
Basingstoke
Hampshire
RG22
Gross Site Area: 7148 sq/ft*
£ 55,000 + VAT
Leasehold
Short Leasehold 99 years from 1972 @ £10,000 pa. Unconditional offers are invited for our clients unencumbered interest.
Ground floor comprises lounge bar with lowered pool area. Public L shaped bar and raised level for dining and kitchen.
Basement level comprises store room (plus lift to ground floor) and boiler room.
First floor comprises 4 double bedrooms, kitchen, store cupboard and bathroom.
There is a car park for 15 spaces approx.
The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.
Hampshire Pub for Sale, Basingstoke
Monday, 20 February 2012
Damien Hirst's Eco Home Plans
Damien Hirst has started a new venture building 500 ecohomes in Ilfracombe, Devon, where he already owns a number of properties. The announcement was made by one of Damien Hirst's representatives, architect Mike Rundell of MRJ Rundell Associates, at a meeting to discuss Ilfracombe's southern extension last week.
The meeting followed two similar meetings in July and October last year where planning permission was sought for up to 1,000 new homes, a primary school, sports facilities, small business units and a medical centre.
Mr Rundell commented: "We are not expecting to make retirement homes for rich people coming down from London.We want these houses to attract young, creative families as well as people who already live here. It's our ambition to make them affordable but houses like these are more expensive than ordinary houses. I couldn't tell you specifically how much we are talking about."
Building and Construction News
The meeting followed two similar meetings in July and October last year where planning permission was sought for up to 1,000 new homes, a primary school, sports facilities, small business units and a medical centre.
Mr Rundell commented: "We are not expecting to make retirement homes for rich people coming down from London.We want these houses to attract young, creative families as well as people who already live here. It's our ambition to make them affordable but houses like these are more expensive than ordinary houses. I couldn't tell you specifically how much we are talking about."
Building and Construction News
Friday, 17 February 2012
London's Letting/ Property Market and The London Olympics
Property owners who are expecting to reap the benefits of increased rental returns during this year's big London events should not set their sights too high. The Olympics and Jubilee celebrations have not really prompted a mass surge of enquiries for short term lets;it appears that 90 percent of letting enquiries about this period are speculative enquiries coming from would be landlords planning to leave London during these busy events,and make a quick killing at the same time.
The Olympic or Jubilee Effect has also been used to promote the sale of London investment and buy to let property at overseas property shows. Recent surveys show that there has been a marked increase in Australian investment in residential buy to let property. However,this is more likely to be the result of the strong Australian dollar and familiarity with the London rental market, than with a one off events.
Any other recent rise in overseas nationals increased interest and purchase can be directly traced back to events in the home country; Russians seeking a safe haven in the run up to unnerving presidential elections; Cash rich Greeks are also seeking a steady investment during uncertain economic times; Chinese investors have already replaced those from Russia and the Middle East as the busiest property investors, led by their Government looking to invest huge, surplus to requirements, sovereign wealth fund.
No doubt these investors will also be able to afford some Olympic opening ceremony tickets too.
The Olympic or Jubilee Effect has also been used to promote the sale of London investment and buy to let property at overseas property shows. Recent surveys show that there has been a marked increase in Australian investment in residential buy to let property. However,this is more likely to be the result of the strong Australian dollar and familiarity with the London rental market, than with a one off events.
Any other recent rise in overseas nationals increased interest and purchase can be directly traced back to events in the home country; Russians seeking a safe haven in the run up to unnerving presidential elections; Cash rich Greeks are also seeking a steady investment during uncertain economic times; Chinese investors have already replaced those from Russia and the Middle East as the busiest property investors, led by their Government looking to invest huge, surplus to requirements, sovereign wealth fund.
No doubt these investors will also be able to afford some Olympic opening ceremony tickets too.
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