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12th September 2014
Savills has reported that house prices in “prime” central London locations have risen 141% since 2003, while prices in other areas of London have risen 56% over the same period. A total of 7,500 luxury homes were sold last year, up from 1,800 in 2003. "Even in comparison to the recovery following the early 1990s downturn, prime central London was particularly quick out of the blocks after the last downturn," said Savills researcher Sophie Chick.
The Daily Telegraph (10/09/2014)
12th September 2014
Former council tenants who exercised their "right-to-buy" on London estates set to be bulldozed claim they face a financial “nightmare” because they are being offered, in some cases, less than half of the value of their properties.
12th September 2014
House prices in prime central London have risen sharply, according to Knight Frank, up from £3.7m on average between March and May this year, to £4.7m between June and August.
12th September 2014
The FT reports that tax rises on high-value properties, combined with the prospect of a “mansion tax” and the forthcoming general election, have made homes that are worth more than £2m much harder to sell of late.
12th Serptember 2014
group of Singaporean investors are in talks to buy a £1bn luxury flats development near the Tate Modern gallery on London's South Bank.
12th September 2014
New research from Savills suggests that the housing bill facing Londoners is now ?34.3bn in mortgage interest, repayments and rent to private and social landlords roughly the same as the GDP of Uruguay, the world's 75th biggest economy.