Wednesday, February 29, 2012
New York Continues to Top the Commercial Property Market Table
New York widened its lead over competitors in the commercial property market according to a global property market report released today by Cushman & Wakefield. The city attracted $35.7 billion in commercial property sales, including multi-family buildings, compared to $29.2 billion in London and $22.6 billion in Tokyo.
London Property Market News; Hometrack Housing Survey
Hometracks Housing Survey for January and February reveals just a 0.1% increase in London property values.
Richard Donnell, director of research at Hometrack, says: “Our latest survey shows a marked improvement in housing market conditions with February seeing an 18% increase in the number of applicants registering with agents. Activity amongst first-time buyers looking to beat the Stamp Duty holiday has provided an additional and artificial boost to the figures.”
However, Hometrack predicted that supply-demand balance suggests property prices will resume their decline in 2012 as Mortgage lending is restricted and the Government cuts take its toll
London Property Market News
Richard Donnell, director of research at Hometrack, says: “Our latest survey shows a marked improvement in housing market conditions with February seeing an 18% increase in the number of applicants registering with agents. Activity amongst first-time buyers looking to beat the Stamp Duty holiday has provided an additional and artificial boost to the figures.”
However, Hometrack predicted that supply-demand balance suggests property prices will resume their decline in 2012 as Mortgage lending is restricted and the Government cuts take its toll
London Property Market News
Monday, February 27, 2012
East London Commercial Property Development
Redrow has announced the global launch of its One Commercial Street development;set above Aldgate East Tube Station, the development is within close proximity to key financial offices including the Gherkin and Lloyds of London.
The sites offer stunning views across the metropolis, excellent transport links, close proximity to top London Universities such as Kings College, LSE and UCL
The site has good connections to the tube network with Aldgate East Tube Station servicing both the District and Hammersmith and City line and additionally Aldgate Tube Station (a two minute walk away) servicing the Circle and Metropolitan lines. It is also within walking distance of Fenchurch Street Station and Tower Gateway DLR Station providing access to the overground rail network and a direct link to Canary Wharf.
Redrow list their top reasons to buy
London Property Development News
The sites offer stunning views across the metropolis, excellent transport links, close proximity to top London Universities such as Kings College, LSE and UCL
The site has good connections to the tube network with Aldgate East Tube Station servicing both the District and Hammersmith and City line and additionally Aldgate Tube Station (a two minute walk away) servicing the Circle and Metropolitan lines. It is also within walking distance of Fenchurch Street Station and Tower Gateway DLR Station providing access to the overground rail network and a direct link to Canary Wharf.
Redrow list their top reasons to buy
London Property Development News
Saturday, February 25, 2012
Middle Eastern Investors Hold 13% of London Most Expensive Property
London property has long been seen as a safe haven for investment for wealthy Middle East investors who are now the second largest group of foreign investors in the London residential market after Asian-Pacific nationals, holding 13% of London’s most expensive property.
Despite the on-going global financial crisis and continued concerns over the euro, Central London's residential market continued to recover very strongly throughout 2011.
Ben Stroud, associate director of Residential Agency, Development & Investment at Jones Lang LaSalle London, said."London's reputation as a safe haven for investors is being reinforced by global troubles, not undermined. Additional incentives such as a weak sterling and a favourable tax system are also making it more attractive amongst a range of potential foreign investors."
London Housing Market News
Despite the on-going global financial crisis and continued concerns over the euro, Central London's residential market continued to recover very strongly throughout 2011.
Ben Stroud, associate director of Residential Agency, Development & Investment at Jones Lang LaSalle London, said."London's reputation as a safe haven for investors is being reinforced by global troubles, not undermined. Additional incentives such as a weak sterling and a favourable tax system are also making it more attractive amongst a range of potential foreign investors."
London Housing Market News
Thursday, February 23, 2012
Finchley Car Show Room For Sale For Re Development
Finchley Re Development Property for Sale
North Finchley
High Road
London
Greater London
N12
£ 985,000
Freehold
This property is located on the High Road at its junction with Glebe Road and is opposite Finchley leisure park. The site also offer good access to the A406 North Circular and A1000.
Underground stations can be found at West Finchley, East Finchley and Finchley Central.
The property is currently used as a car showroom with 2 upper floors of B1 office space.
The seller has drawn an indicative scheme to provide a mixed-use development comprising of 8 residential apartments (4x1 & 4x2 beds) and 2 commercial units (part conversion/part new build)
Plans will be shortly be submitted for this scheme however offers are now being sought on an UNCONDITIONAL BASIS ONLY.
Re Development Site for Sale, North London
Wednesday, February 22, 2012
UK House Prices See Biggest Monthly Increase in A Decade
Renewed confidence in the housing market has prompted the biggest monthly increase in the asking price for a decade.
The number of new property listings in London fell 9 percent in January from a year earlier, Rightmove said. This is an "early indication that shortage of sellers and upwards price pressure will again feature in 2012," it said.
Nationally, home prices rose 1.4 percent in January from a year earlier to an average 233,252 pounds. In London, the annual price increase was 4.3 percent.
UK Property Market News
The number of new property listings in London fell 9 percent in January from a year earlier, Rightmove said. This is an "early indication that shortage of sellers and upwards price pressure will again feature in 2012," it said.
Nationally, home prices rose 1.4 percent in January from a year earlier to an average 233,252 pounds. In London, the annual price increase was 4.3 percent.
UK Property Market News
Tuesday, February 21, 2012
Housing Market Outlook Improves
Housing and mortgage market sentiment has improved a little over recent weeks. Over the short-term, activity may be boosted by first-time buyers seeking to complete deals before the stamp duty concession ends on 24 March.
For the time being at least, funding conditions have eased as a result of European Central Bank operations, so lessening the need for UK banks to tighten mortgage pricing and terms.
As inflationary pressures continue to fall back, the squeeze on household finances should ease progressively and help support stronger economic recovery going into the second half.
For the time being at least, funding conditions have eased as a result of European Central Bank operations, so lessening the need for UK banks to tighten mortgage pricing and terms.
As inflationary pressures continue to fall back, the squeeze on household finances should ease progressively and help support stronger economic recovery going into the second half.
Monday, February 20, 2012
Change of Use News; Converting Town Centre Commercial Property to Residential Developments
According to the National Association of Estate Agents (NAEA) quick thinking developers should be given the support needed to transform the UK’s town and city centres from rows of empty shops to classy residential developments.
Peter Bolton King, chief executive of the NAEA said: "Commercial property owners are facing high business rates for buildings that no-one occupies. Therefore, in the right circumstances, converting these buildings for residential use could have an aesthetic and economic benefit.
“However, such renovations are not simple undertakings. We advise that a thorough evaluation of the work involved is carried out beforehand to avoid additional cost burdens.”
He added that city centre housing developments often provide better than standard yields because close proximity to amenities adds extra value to any project.
The NAEA, however, published a list of dos and don’ts for people considering moving into the central developments market.
Top of the list was weighing up if the cost of converting an existing commercial plot was effective when compared to building a new property from scratch on a separate site.
It also suggests that all legislation around “change of use” is thoroughly checked as building extensions or changing the front of shop may be subject to additional planning permission requirements.
Lastly, be prepared to wait. Some local authorities have a rule which states that commercial property must have been on the market for between six and twelve months. This is to show that there is no market for it to remain in commercial use before planning permission to convert is granted.
Commercial Property News
Peter Bolton King, chief executive of the NAEA said: "Commercial property owners are facing high business rates for buildings that no-one occupies. Therefore, in the right circumstances, converting these buildings for residential use could have an aesthetic and economic benefit.
“However, such renovations are not simple undertakings. We advise that a thorough evaluation of the work involved is carried out beforehand to avoid additional cost burdens.”
He added that city centre housing developments often provide better than standard yields because close proximity to amenities adds extra value to any project.
The NAEA, however, published a list of dos and don’ts for people considering moving into the central developments market.
Top of the list was weighing up if the cost of converting an existing commercial plot was effective when compared to building a new property from scratch on a separate site.
It also suggests that all legislation around “change of use” is thoroughly checked as building extensions or changing the front of shop may be subject to additional planning permission requirements.
Lastly, be prepared to wait. Some local authorities have a rule which states that commercial property must have been on the market for between six and twelve months. This is to show that there is no market for it to remain in commercial use before planning permission to convert is granted.
Commercial Property News
Friday, February 17, 2012
London Property Investors Tip; Look to Northern Line Extension and Battersea
Batteresea is finally going to have its place on the Tube Map.The Northern Line Extension (NLE) will improve transport capacity throughout the Vauxhall Nine Elms area with stops at Wandsworth Road and Battersea Power Station. It will also relieve pressure at Vauxhall station.
In November 2011 the extension was included in a group of infrastructure projects announced by George Osborne, due to be backed by the Government,although completed with private sector funding.
In the proposal Battersea Power Station would become the focus for a new town centre with 66,000 square metres of retail, restaurant and cafe space - more than Clapham Junction and Wandsworth town centres.
London Local News
In November 2011 the extension was included in a group of infrastructure projects announced by George Osborne, due to be backed by the Government,although completed with private sector funding.
In the proposal Battersea Power Station would become the focus for a new town centre with 66,000 square metres of retail, restaurant and cafe space - more than Clapham Junction and Wandsworth town centres.
London Local News
Thursday, February 16, 2012
UK Construction and Surveying Market Takes Gloomy View of Government Initiative
RICs Construction Market Survey for the last quarter of 2011 paints a gloomy picture of the UK building and surveying sectors. The UK construction industry continued to stall during the final three months of 2011, as doubts were cast over the government's ability to boost private funding to deliver on proposed infrastructure projects.
Simon Rubinsohn, RICS Chief Economist commented "Predictably, with workloads continuing to fall and costs slowly increasing towards the end of the year, the outlook for the construction industry remains rather downbeat with no prospect of improvement in sight. Particularly worrying are the questions being raised over the government's plan to secure institutional funding for infrastructure projects. We would hope that this scepticism proves to be overly pessimistic, but the responses highlight the sizeable job the government still has to do in convincing industry professionals that this approach is going to deliver."
Construction and Surveying News
Simon Rubinsohn, RICS Chief Economist commented "Predictably, with workloads continuing to fall and costs slowly increasing towards the end of the year, the outlook for the construction industry remains rather downbeat with no prospect of improvement in sight. Particularly worrying are the questions being raised over the government's plan to secure institutional funding for infrastructure projects. We would hope that this scepticism proves to be overly pessimistic, but the responses highlight the sizeable job the government still has to do in convincing industry professionals that this approach is going to deliver."
Construction and Surveying News
Wednesday, February 15, 2012
Brondesbury Conservation Area Apartment for Sale
Plympton Road, Brondesbury Conservation Area, London, NW6
A presented one bedroom flat, set on the top floor of a attractive character property.
The property is situated in the popular Brondesbury Conservation area and is within easy walking distance of Kilburn Jubilee Line, Salusbury Road and West End lane.
The flat offers a bright 17ft reception room with wooden flooring, modern fitted kitchen with a fitted oven and hob, 14ft master bedroom and shower room comprising of a modern white three piece suite.
Further benefits include unofficial 20ft south facing roof terrace, 121 year lease and no upper chain.
Brondesbury Apartment For Sale
Tuesday, February 14, 2012
West Hampstead Commercial Property for Sale
Commercial Investment Property for Sale West Hampstead
Mill Lane
West Hampstead
Greater London
NW6
GIA: 3254 sq/ft*
£ 850,000
Freehold
This mixed A2 and B1 office building was constructed from new approximately 10 years ago.
Internally, all areas have been finished to a high standard with the benefit of trunking throughout, double glazing, fitted carpets, gas central heating and both a burglar and fire alarm system.
The property lends itself to self containment on each floor (with residential conversion potential) although the A2 & B1 space on lower ground and ground floors have separate services, male and female WCs and kitchen facilities.
The property is situated in an extremely sought after and popular location close to the junction with Mill Lane and Broomsleigh Street. The property is within walking distance of West End Lane where public transport links are serviced by West Hampstead Tube Station (Jubilee Line), West Hampstead Thameslink and Silverlink Stations.
VIEWING STRICTLY BY APPOINTMENT THROUGH PARAMOUNT INVESTMENTS.
Monday, February 13, 2012
London Property With Planning For Sale
South London Investment Property With Planning
Stockwell
Clapham Road
London
Greater London
SW9
Net Saleable: 5478 sq/ft*
£ 1,700,000 + VAT
Freehold
The development is situated in the heart of "Little Portugal" on the Clapham Road at its junction with Dorset Road. The location offers easy to the bars, clubs and shopping facilities in Vauxhall and Clapham High Street.
The Oval Cricket Ground, as well as the open spaces of Vauxhall and Larkhall Parks are also closeby.
Local transport links include Stockwell Underground Station (Victoria and Northern lines) and Vauxhall Bus, Railway, and Underground Stations (National Rail and Victoria Line) for connections into and out of Central London.
Planning permission has been granteed subject to the S.106 being signed for the part conversion part extension of the existing building to create 9 luxury apartments (5,478sq.ft)
On the ground floor is an established seafood restaurant sold on a long lease.
London Property Investment For Sale
Sunday, February 12, 2012
Foreign Investment in London Property Is Not Affected By One Off Events
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 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 Property News
Saturday, February 11, 2012
Property for Sale in London's Most Expensive Neighbourhood
A home in the U.K.’s most expensive neighbourhood is being offered for more than £100 million according to the broker handling the sale.
The neo-classical house is located at 6 Palace Green in Kensington, one of London’s few private roads where no passing traffic can enter, Aylesford International Managing Director Louise Hewlett said. The 16,000-square-foot (1,486-square-meter) home is owned by Tamzen Ltd., a closely held company incorporated in the British Virgin Islands, according to the U.K. Land Registry.
“This is considered the best address in Europe, not just London,” Hewlett said by e-mail. While declining to disclose the value of the property or its owner, she said its price would exceed 100 million pounds.
Palace Green is on the southern section of Kensington Palace Gardens, one of two London streets known as Billionaires Row; the other is Bishops Avenue in Hampstead. Luxury-home prices in Kensington have gained about 110 percent since 2004, said Grainne Gilmore, head of U.K. residential research at Knight Frank LLP.
The neo-classical house is located at 6 Palace Green in Kensington, one of London’s few private roads where no passing traffic can enter, Aylesford International Managing Director Louise Hewlett said. The 16,000-square-foot (1,486-square-meter) home is owned by Tamzen Ltd., a closely held company incorporated in the British Virgin Islands, according to the U.K. Land Registry.
“This is considered the best address in Europe, not just London,” Hewlett said by e-mail. While declining to disclose the value of the property or its owner, she said its price would exceed 100 million pounds.
Palace Green is on the southern section of Kensington Palace Gardens, one of two London streets known as Billionaires Row; the other is Bishops Avenue in Hampstead. Luxury-home prices in Kensington have gained about 110 percent since 2004, said Grainne Gilmore, head of U.K. residential research at Knight Frank LLP.
Friday, February 10, 2012
Kilburn Maisonette With Planning For Sale, Shoot Up Hill
Shoot Up Hill, Kilburn, London, NW2
A unique and very private one double bedroom ground floor maisonette with its own private East facing garden and off street parking.
The property is set at the rear of this imposing period building and currently has planning permission to create another floor which will accommodate another bedroom and bathroom.
Located within moments to all the local amenities including the Jubilee underground and the London Overground stations, local shops, restaurants and Bistro pubs in addition to multiple bus routes along the Edgware road into central London.
The accommodation comprises a spacious entrance hall with useful storage space housing the washing machine; an 18' front facing double bedroom with wood floors and fitted wardrobes; a modern bathroom incorporating a white three piece suite, large storage cupboard housing the boiler and a separate wc.
Further benefits include a bright 19' reception room with wood floors and double doors leading to the rear garden, a modern open plan kitchen with electric hob/oven and an integrated dishwasher, off street parking, double glazing, no upper chain and freehold.
Shoot Up Hill Property with Planning Kilburn
Thursday, February 09, 2012
London's Prime Property Market No Longer Reliant on City Bonuses
Reuters reports that shrinking bonus pools in London's City financial district will reduce bankers' clout in the British capital's buoyant prime housing market this year, with hedge fund managers set to outspend them for the first time, data from Savills showed.
The property consultancy said on Wednesday that while banker bonuses were a key factor behind rocketing London house prices in 2006-7, their importance has been overtaken by overseas investors and buyers from the hedge fund and private office-populated West End district.
"Until that point, there had been a strong link between house price movements in the capital and bonus payments, but that link is now broken and the market's dependency on City bonuses is much reduced," Savills said on Wednesday.
Buyers from the West End financial district are expected to spend 1.5 billion pounds on London houses priced over 500,000 pounds this year, while City bankers are predicted to spend just over 1 billion pounds in bonus money.
Savills said it expects international investors to retain their position as London's biggest buyers of prime housing in 2012 with a predicted spend of 4 billion pounds, as many continue to favour London for its safe haven status.
The property consultancy said on Wednesday that while banker bonuses were a key factor behind rocketing London house prices in 2006-7, their importance has been overtaken by overseas investors and buyers from the hedge fund and private office-populated West End district.
"Until that point, there had been a strong link between house price movements in the capital and bonus payments, but that link is now broken and the market's dependency on City bonuses is much reduced," Savills said on Wednesday.
Buyers from the West End financial district are expected to spend 1.5 billion pounds on London houses priced over 500,000 pounds this year, while City bankers are predicted to spend just over 1 billion pounds in bonus money.
Savills said it expects international investors to retain their position as London's biggest buyers of prime housing in 2012 with a predicted spend of 4 billion pounds, as many continue to favour London for its safe haven status.
Wednesday, February 08, 2012
Korean Investment in London Office Building
The Korean Teachers’ Credit Union, with 20.9 trillion won ($18.5 billion) of assets, plans to buy a 12-story office building in London in the first half as declining property prices boost returns.
The credit union will visit the site this month and may team up with three or four Korean institutional investors to buy the property worth 299 million pounds ($471 million), said Lee Kun Ho, executive director at the Seoul-based organization that provides loans and insurance to its members. He declined to identify the tower as he’s still in talks.
“The price is still attractive enough for us to earn around 6 percent annually, and possibly further returns upon selling the building after a few years,” Lee said in an interview on Jan. 31, adding that prices for some properties are falling as banks put more buildings that were repossessed earlier up for sale to increase liquidity.
The credit union is planning its purchase as a two-year recovery in U.K.’s commercial property values petered out in the second half amid Europe’s sovereign debt crisis. The average value of the nation’s commercial real estate dropped 0.02 percent in November from October, the Investment Property Databank said last month. Values fell 44.1 percent from June 2007 to June 2009 and then rose by 17.9 percent in the following months through November.
The investment will be made while London, Europe’s most- active commercial property market since the start of the global financial crisis, is losing some of its allure as rising prices and prospects of a U.K. recession deter investors. The city slipped to 10th place in a ranking of 27 European cities, according to a survey of more than 600 brokers, investors and money managers compiled by PricewaterhouseCoopers LLP.
“Asian investors with sufficient liquidity can seize the investment opportunity amid financial turmoil in Europe and the U.S.,” Lee said.
The 41-year-old credit union joined a group of investors that bought a San Francisco office tower occupied by Wells Fargo & Co. in 2010 for $333 million in the city’s biggest commercial property deal in three years.
Bloomberg
The credit union will visit the site this month and may team up with three or four Korean institutional investors to buy the property worth 299 million pounds ($471 million), said Lee Kun Ho, executive director at the Seoul-based organization that provides loans and insurance to its members. He declined to identify the tower as he’s still in talks.
“The price is still attractive enough for us to earn around 6 percent annually, and possibly further returns upon selling the building after a few years,” Lee said in an interview on Jan. 31, adding that prices for some properties are falling as banks put more buildings that were repossessed earlier up for sale to increase liquidity.
The credit union is planning its purchase as a two-year recovery in U.K.’s commercial property values petered out in the second half amid Europe’s sovereign debt crisis. The average value of the nation’s commercial real estate dropped 0.02 percent in November from October, the Investment Property Databank said last month. Values fell 44.1 percent from June 2007 to June 2009 and then rose by 17.9 percent in the following months through November.
The investment will be made while London, Europe’s most- active commercial property market since the start of the global financial crisis, is losing some of its allure as rising prices and prospects of a U.K. recession deter investors. The city slipped to 10th place in a ranking of 27 European cities, according to a survey of more than 600 brokers, investors and money managers compiled by PricewaterhouseCoopers LLP.
“Asian investors with sufficient liquidity can seize the investment opportunity amid financial turmoil in Europe and the U.S.,” Lee said.
The 41-year-old credit union joined a group of investors that bought a San Francisco office tower occupied by Wells Fargo & Co. in 2010 for $333 million in the city’s biggest commercial property deal in three years.
Bloomberg
Tuesday, February 07, 2012
South Hampstead Refurbished Studio For Sale
Woodchurch Road, South Hampstead, London, NW6
A newly refurbished first floor STUDIO flat with a fantastic private West facing roof terrace accessible from the main room and set within a four storey detached double fronted period property in South Hampstead.
The property is situated in a tree lined street just off West End Lane and located within easy reach of the local bus routes and train stations including the Jubilee, Metropolitan, Silverlink and Thameslink services.
The accommodation comprises the rear facing 19' studio room with wood floors and direct access to the private roof terrace; a modern open plan fitted kitchen with an integral electric/oven, fridge/washer dryer; a modern bathroom incorporating a white three piece suite and a large storage cupboard accessible from the hallway.
Further benefits include share of freehold, residents permit parking and no upper chain.
Refurbished Studio For Sale South Hampstead
Monday, February 06, 2012
London Property News - London Property News Magazine
Paramount Magazine provides analysis and comment on the latest London property market news, reports & surveys on residential property sales prices & values, buy to let returns, investment property rental yields, trends, forecasts &predictions for the London property market
Brondesbury Investment Rental Property For Sale
Willesden Lane, Brondesbury, London, NW6
A spacious fifth (top) floor one double bedroom apartment within this ex-local authority building.
Within a short distance is the Kilburn Jubilee and Brondesbury Park London Overground stations, bus routes and local shops.
The accommodation comprises of a bright reception room with floor to ceiling windows, an open plan fitted kitchen, double bedroom with built-in wardrobes, a three piece bathroom with wc, communal gardens, parking and no upper chain.
Call today to view this ideal 1st home or rental investment.
Rental Investment or First Buy Property In Brondesbury
Sunday, February 05, 2012
New Build Luxury London Development the Choice for Lady GaGa
Lady Gaga has purchased a property in London.
It seems the 25-year old may have had a change of heart after stating in November that she didn't want to splash her cash on a property: "I’m not ready to buy a house. It feels like marriage or something. It’s such a commitment. I don’t like it."
The Metro reported that Gaga has nabbed a luxury apartment in Fitzrovia, north of Oxford Street in swank region. Fitzrovia has proved increasingly popular with celebrities over the past few years, with Madonna previously owning a town house in the area, while her ex-partner Guy Ritchie brought two mansions in May 2010.
The property is reported as having a concrete exterior, floor-to-ceiling windows, four luxury penthouses, a roof garden and a communal courtyard.The property is in a luxurious development which is still being built.
She had been staying in The Lanesborough hotel every time she visited London but because she is over so much she has decided to go for it and invest.
It seems the 25-year old may have had a change of heart after stating in November that she didn't want to splash her cash on a property: "I’m not ready to buy a house. It feels like marriage or something. It’s such a commitment. I don’t like it."
The Metro reported that Gaga has nabbed a luxury apartment in Fitzrovia, north of Oxford Street in swank region. Fitzrovia has proved increasingly popular with celebrities over the past few years, with Madonna previously owning a town house in the area, while her ex-partner Guy Ritchie brought two mansions in May 2010.
The property is reported as having a concrete exterior, floor-to-ceiling windows, four luxury penthouses, a roof garden and a communal courtyard.The property is in a luxurious development which is still being built.
She had been staying in The Lanesborough hotel every time she visited London but because she is over so much she has decided to go for it and invest.
Saturday, February 04, 2012
Olympic Village Apartments Will Be Affordable Homes
The BBC reports that the number of apartments in the Olympic Village that will become rented social housing once athletes have used them this summer has been outlined.
The village in Stratford, east London, will accommodate competitors during the Olympics and Paralympics but once the Games end it will become East Village.
Triathlon Homes, the owner of the development's 1,379 affordable homes, has announced that 675 units will be rented as social housing. Newham Council will receive 350.
The development will also have 1,439 private homes which will mainly be available to rent and set at the market rate.
The village, within the Olympic Park, is designed to be a lasting legacy of the Games.Of the homes allocated for rented social use, 100 will be shared among other east London boroughs including Barking and Dagenham and Hackney.
The village in Stratford, east London, will accommodate competitors during the Olympics and Paralympics but once the Games end it will become East Village.
Triathlon Homes, the owner of the development's 1,379 affordable homes, has announced that 675 units will be rented as social housing. Newham Council will receive 350.
The development will also have 1,439 private homes which will mainly be available to rent and set at the market rate.
The village, within the Olympic Park, is designed to be a lasting legacy of the Games.Of the homes allocated for rented social use, 100 will be shared among other east London boroughs including Barking and Dagenham and Hackney.
Friday, February 03, 2012
London Micro Property Markets Continue to Boom As Demand Exceeds Supply
London starts the New Year again proving it has its own micro-markets where housing demand continues to outstrip supply, reports Rightmove. New sellers in the capital have had the confidence to increase their month-on-month asking prices by 0.8% (£3,453), compared to a fall of 1.5% in the rest of the country (£2,792).
This is a continuation of the trend seen over the last year, with asking prices in London now 6.1% higher than a year ago. The rest of the country recorded a combined fall of 1.7% over the same period.
Miles Shipside, director of Rightmove comments:
“Depending on local market conditions, there are differing pressures on the direction of prices. The lack of property coming to market in the London area over the last year combined with buyer demand has helped to buoy new sellers’ asking prices in most locations. Prices will be receiving a further boost as estate agents compete to attract fresh stock for the year ahead.”
There have been more than 44 million property searches on Rightmove during the first ten days of 2012. While this doesn’t necessarily indicate a surge in proceedable buyer numbers, it does highlight a strong pent-up demand to move and is also a reflection that value-seeking buyers who can proceed are taking extra care to research the market. January often sees the beginning of a ‘spring bounce’ in the prices of properties coming to market, and there is again evidence of this in 2012, where the overall monthly period rise of 0.8% in new seller asking prices was boosted by a rise of 1.8% (£7,605) in the first week of 2012.
Shipside comments:
“As we move into the more active spring market with a shortage of new supply, prices will rise where the local market or a particular estate agent is short of a type or style of stock. However, asking more for your property can only be successful if your target buying audience can raise the necessary funds. The market fragmentation caused by the credit crunch means that success in selling now requires a more careful and complex micro-market analysis, rather than a wishful price-punt to see what happens.”
This is a continuation of the trend seen over the last year, with asking prices in London now 6.1% higher than a year ago. The rest of the country recorded a combined fall of 1.7% over the same period.
Miles Shipside, director of Rightmove comments:
“Depending on local market conditions, there are differing pressures on the direction of prices. The lack of property coming to market in the London area over the last year combined with buyer demand has helped to buoy new sellers’ asking prices in most locations. Prices will be receiving a further boost as estate agents compete to attract fresh stock for the year ahead.”
There have been more than 44 million property searches on Rightmove during the first ten days of 2012. While this doesn’t necessarily indicate a surge in proceedable buyer numbers, it does highlight a strong pent-up demand to move and is also a reflection that value-seeking buyers who can proceed are taking extra care to research the market. January often sees the beginning of a ‘spring bounce’ in the prices of properties coming to market, and there is again evidence of this in 2012, where the overall monthly period rise of 0.8% in new seller asking prices was boosted by a rise of 1.8% (£7,605) in the first week of 2012.
Shipside comments:
“As we move into the more active spring market with a shortage of new supply, prices will rise where the local market or a particular estate agent is short of a type or style of stock. However, asking more for your property can only be successful if your target buying audience can raise the necessary funds. The market fragmentation caused by the credit crunch means that success in selling now requires a more careful and complex micro-market analysis, rather than a wishful price-punt to see what happens.”
Wednesday, February 01, 2012
South Hampstead Flat for Sale,Greencroft Gardens
Greencroft Gardens, South Hampstead, London, NW6
A stunning (1,042 sq ft) modern three bedroom three bathroom flat, set over two floors of this attractive character property in the heart of South Hampstead, within easy Walk of Finchley Road's Jubilee Line, and Met Line station and West Hampstead's Jubilee Line, Thames Link and Silver Links stations. The property offers a south facing reception room with wooden flooring and fitted storage units, spacious entrance hall with coat cupboard, guest W/C, luxury fitted kitchen with a full range of fitted appliances and granite work surfaces, master bedroom with fitted wardrobes and an en-suite, master en-suite comprise shower cubicle, bath, his and hers sinks and a W/C, second bedroom with en-suite shower room, third bedroom with en-suite shower room. Further benefits include, spot lights in the reception room and a long lease. This property must be viewed internally to appreciate the high specification of the finish on this property.
South Hampstead Property For Sale
Subscribe to:
Posts (Atom)
