November 7, 2011
SINGAPOREAN buyers now account for around 10 per cent of all purchasers at 'new-build' properties in Central London, industry players say. According to estimates from sales agents at major property firms, buyers from Asia make up about 40 per cent of all investors for new-build projects (that is, projects where construction hasn't begun) in Central London.
October 22, 2011
It is a well rehearsed fact that, since the downturn, the rich are getting richer. According to a recent report by Merrill Lynch and Capgemini, the number of millionaires across the globe grew by 8.3 per cent to 10.9m in 2010. The total wealth of these individuals rose to $42,700bn, up from $40,700bn in 2007.
October 7, 2011
The Exchequer is losing millions in tax revenue as more top London homes are traded behind scenes through offshore companies. Demand for property in the best postcodes, much of it from foreign investors seeking a safe haven for their money, has continued to push up prices in prime London locations, bucking the national downward trend.
September 17, 2011
It used to be that when London did well, the rest of the country did well a year later. Not any more Graham Norwood reports on the UK’s “Two Markets” Like rolls of a camera film and coin-operated phone boxes in the street, the housing market has its share of nostalgic but outdated concepts. one […]
September 13, 2011
Vastu is the new feng shui – or, rather, the old one, given that some say the former inspired the latter. ... around 40 per cent of the world’s most expensive real estate is bought by Asian buyers for whom the “energy” of a house can be important – and vastu is already impacting on non-Asian design.
July 26, 2011
We were delighted to be interviewed for a recent radio programme on “The Voice of Russia” about why and where Russia’s billionaires are buying property.
July 6, 2011
LONDON: In a district in north-west London that is a favourite nesting ground for bankers from all over the world, a premium housing project suddenly found itself making distress sales after the recession. They sold one flat to an Indian.
June 7, 2011
Luxury-home prices in central London rocketed upwards at their fastest rate of increase for a year during May. The pound’s weakness on the international currency exchanges helped to encourage a large number of overseas buyers to compete for a declining number of properties for sale, according to agency Knight Frank LLP.
May 31, 2011
Luxury-home prices in central London rose at the fastest pace in a year in May as the pound's weakness encouraged overseas buyers to compete for a declining number of properties for sale, Knight Frank LLP said.
April 21, 2011
LONDON — It’s not usually until summer is in full swing that wealthy Arabs descend upon London, but this year, along with the unusually warm weather, the rich have come early. As the Arab spring sweeps across the region, Middle Easterners seeking refuge for their cash are snapping up million-pound properties in the British capital.
April 19, 2011
Chinese individuals are growing in wealth and stature. With this rapid increase there is a growing need for them to diversify their wealth. Lower rents and property values in the UK has made London an increasingly interesting prospect.
March 26, 2011
From the outside, Carrick Villa looks like a perfect neighbour for the rest of the architecture fringing Regent’s Park in central London. The villa may be just two storeys, detached and with four bedrooms, but it is at one with the terraces laid out nearly 200 years ago by John Nash.
March 9, 2011
Arab businessmen, some connected with Middle Eastern regimes toppled by popular uprisings in January and last month, are buying London "boltholes". London estate agents Kay & Co has sold two homes to Middle Eastern businessmen since a popular revolt in Tunisia triggered anti-government uprisings across the Middle East.
December 8, 2010
...has begun to cool, and prices have started to flatten out, the rental market continues to be extremely active, which is good news for buy-to-let landlords and investors. The rental market has significantly changed over the last two years.
December 2, 2010
International buyers account for a considerable proportion of those spending money in London on property, from Hampstead to Mayfair. For centuries, London has been a magnet for incomers from all over the world. The 17th century brought Huguenots, Sephardic Jews and the Irish; the 18th saw influxes from the Americas; and the revolutions of the late 19th century brought refugees from across Europe.
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