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Luxury property boom in London

Property Correspondent 03.09.2012
Luxury property boom in London

A £38bn development boom in London’s most expensive neighbourhoods has been spurred by rampant demand from European and Asian buyers seeking safe investments away from turbulent Eurozone economies.

Prime central London property prices continue to rise

Residential property prices in prime central London hit a new high in July, but the pace of growth is slowing, according to the latest Knight Frank report.

Ascott To Acquire Prime Property In London For £159 Million

Singapore -- CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has signed an agreement to acquire a prime hotel operating in London for £158.8 million (S$311 million). Ascott will manage the 230-unit hotel, The Cavendish London, in the fourth quarter of 2012. The hotel, which has a rich heritage dating back to the 1960s, will be subsequently transformed into a luxurious serviced residence under the premier Ascott The Residence brand and will be named Ascott St James London. The transformation of The Cavendish London into Ascott St James London marks the expansion of the premier Ascott brand in the key hospitality market of London.

London property market becomes safe haven in turbulent times

When the world economy runs into serious problems it can be hard to know where to invest your money.

London’s top properties head for price plateau

The boom in London’s high-end housing market is showing signs of petering out as the impact of the government’s tough stamp duty measures begin to set in.

Annual rental growth in prime London property sector falls back

Annual prime London property rental growth has slipped back into negative territory for the first time in two years, down 0.4% year on year, according to the latest Savills prime rentals index.

International super-rich target California real estate

(Reuters) - The super-rich investors responsible for London's prime real estate bubble are adding California to their wish lists, lured by bargains offering crisis-defying returns as an overdue churn in the United States property market finally gets under way.

10 Things That Make a Home a Good Home

Buyers spend a lot of time looking at properties online, touring homes on the Sunday open house circuit, and talking to their real estate agent. They’re laser-focused on finding the best home that meets their needs. The problem is, buyers sometimes don’t take the long view of a property. They’re only looking at a home as a potential buyer — and not as someone who, years down the road, may also have to sell the property. Given that homes are such a big investment, there should be a little inside your head, picking away at your options and decisions.

House prices rise 0.5% in May, says Halifax, but property market goes back into hibernation after stamp duty rush

The property market has gone back into hibernation following the brief rush delivered by the end of the first-time buyer stamp duty break, figures from Halifax revealed today.

London property offers stable investment for wealthy Europeans

As the eurozone lurches from crisis to crisis and Greece teeters on the brink of default and exit from the euro, the number of wealthy European property buyers in London has surged. Greeks, Italians, Spaniards and even the French are desperate to convert their euros into bricks and mortar in the capital.


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