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UK landlords expect tenant demand to rise

Property Showrooms 03.06.2011
UK landlords expect tenant demand to rise

Some 49 per cent of UK-based landlords believe that now is a good time to invest in new property. In comparison, just 19 per cent of those questioned by LSL Property Services plc are looking to reduce their portfolios.

Prime central London property market set to be frenetic, agents predict

June is predicted to be a frenetic month for prime property in London as interest in both the sales and lettings market from buyers in the Middle East, Russia, France and Italy continues

London tops property rich list

Totally Money 02.06.2011
London tops property rich list

The UK is home to more than 220,000 property millionaires, according to research published today by Zoopla.co.uk. The home buying information website’s Property Rich List 2011 showed that although the number of people living in houses worth £1 million or more had fallen slightly since last year, Britain has nearly 6,000 streets where the average price of a home is £1 million or more.

Sales have been falling and prices have been stagnating, official figures show

House prices in England and Wales have drifted slightly lower in the past few months, according to the Land Registry.

Many young people have entirely given up hope of raising a deposit to buy their own home.

A generation of Britons believe they will never own their own property, a new survey has shown. Higher deposits and tougher lending criteria have put off many potential buyers in the past few years. Almost half of people aged between 20 and 45 admitted they thought the country was becoming more like Europe, in which renting was considered the norm.

Sustainable high-rise: the apartment building of the future will redefine eco-friendly living

The words “eco home” probably conjure up images of low-rise futuristic dwellings with their own gardens and an unaffordable array of low-energy technologies including solar panels, ground source heat pumps and a biomass boiler. With pioneers in the field producing one-off expensive eco-homes on large plots of land, one could be forgiven for thinking that green living – unless you want to go down the straw and mud low-impact route – is the sole preserve of the landed gentry of our times.

Who else would bid for Minerva?

The Telegraph 27.05.2011
Padstow in Cornwall is the second most expensive place in which to buy a seaside home

The cost of owning a home by the sea has more that doubled over the past decade, the Halifax bank has said.

The Walbrook office block in the City of London is one of Minerva's main developments.

Minerva, the London property developer, has received a £194m takeover offer from a consortium led by Delancey, the investment group run by Jamie Ritblat, and Area Property, the private equity group.

One in ten London luxury buyers are from Singapore

Andrew Batt Property Report 16.04.2011
One in ten London luxury buyers are from Singapore

Singaporeans accounted for one in every ten buyers in London’s luxury property market last year.

Rents jumped by 4.2 per cent in the last 12 months, as a result of unprecedented demand.

The cost of private rented accommodation has risen by 4.2 per cent since March 2010, a new report has revealed. LSL Property Services said that the average monthly cost for a rental home in England and Wales reached £687 last month.

The office: Only 2.8% of last year's new homes came from office conversions   Read more: http://www.thisismoney.co.uk/mortgages-and-homes/article.html?in_article_id=526095&in_page_id=8#ixzz1H7TcNBlw

The Chancellor is to cut through red tape in an attempt to kickstart the stalling property market. Rules making it harder to turn empty offices into flats will be axed by George Osborne.

Lending to UK commercial property market still limited

Bank lending to the property sector is still limited according to Jones Lang LaSalle’s 2011 Lenders’ Expectations report, which surveys key lenders to commercial real estate in the UK.

New data reveals rise in rents and demand for rental properties. Photograph: Christopher Furlong/Getty Images

Tenants signing new contracts suffered a small rise of 0.2% in rents during February 2011, pushing the average rent in England and Wales to £684 per month – 3.9% higher than a year ago, according to the UK's biggest lettings agent network. But there was also an increase in tenant arrears during the month, indicating that many renters are struggling with the rising cost of living.

Trouble ahead: According to the FSA, the widespread 'forbearance' means that banks are 'storing up problems for the future'

British banks are facing escalating losses on £54billion of troubled loans to property developers, the City watchdog has warned. In its annual health check of the banking system, the Financial Services Authority predicted that hits on soured commercial real estate loans would rise 'markedly' in the future.

Savills wary, despite property market rise

Azaria Gwilliam Finance News 18.03.2011
Savills wary, despite property market rise

World renowned property company, Savills, have warned that the uncertainty surrounding Asian markets may affect the world property market in the medium term.

Most expensive ever: Apartment at London’s One Hyde Park sold for£135 million

An apartment at the uber-luxurious One Hyde Park development in London has sold for £135 million (US$217 million), the most expensive ever according to property experts.

Asians flocking to London commercial real estate in droves

East Asian investors are expected to become the biggest spenders in the UK’s commercial property market this year, overtaking buyers from the Middle East.

The value of commerical property, such as London's Regent Street (above), has staged a strong recovery. Photo: ALAMY

International investors are preparing to plough £52bn of equity into UK commercial property, principally in cental London, amid thriving market conditions.

 
Stamp duty increase pushing up demand in London property mark

It is widely expected that the upcoming increase in stamp duty in the UK property market is unlikely to affect the prime sector but buyers will be looking to complete sales before the rise takes effect, it is claimed.

 
 

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