London has a unique property market because of the sustained high demand for business and living space. The spatial limitations in popular areas also mean investors are continually looking for properties which will yield higher profits in the future.
Category Archives: News
More million pound properties changed hands in 2014 than ever before
The premium end of the property market in Bromley, Westminster, Islington and other parts of the capital has seen some of the highest demand on record this year. Sales of investment properties worth in excess of £1 million reached record levels in the first half of 2014, seeing 6,143 homes change hands. This figure is an increase of almost 2,000 or 46% over the previous year. It shows how much demand there is in the luxury market and that many sellers are willing to let their investment properties go when they receive the right offer.
Bed and breakfast management in London
Running a bed and breakfast can be challenging, but can also be a very rewarding business venture with the right property management in place. There are many thousands of bed and breakfasts operating across Great Britain, hundreds of which operate in London. With a forecast 18.7 million visits for 2014, adding up to an astounding £11.3 billion injected into the economy by tourism, running a bed and breakfast in the right location certainly has potential.
Proposed mansion tax for those in larger homes
It’s well known that property prices in London are the highest in the United Kingdom, partly due to the demand for rental properties, homes and business premises in the capital. However, a recently proposed mansion tax could mean that owning a large expensive property could be more costly than first anticipated.
London overtakes Hong Kong
Until recently Hong Kong was the most expensive area of the world to live in according to property prices. Properties came in at an amazing £1,950 per square foot but London has set a new world record with prices reaching the £2,000 mark for the first time in history.
The rental property market is booming
As more and more people are renting homes rather than purchasing them, there are many opportunities for property investors who want to let their investments. Over 15 per cent of all UK homes are now privately rented, and it is expected that in the next seven or eight years this will rise up to 20 per cent.
A record breaking penthouse in London
The Clarges Mayfair development is set to add 34 more flats to the super-prime market in London. British Land, one of the largest developers in the UK, purchased the site in 2012 for just under £130 million. The location offers amazing views of Buckingham Palace and is within touching distance of both Hyde Park and Bond Street. The building is set to become one of the most valued addresses in London when construction is finished in 2017.
The up and coming areas of London
It is an undeniable fact that London recovered at a swifter rate than anywhere else after the financial crash. If you are looking for a property investment in the capital, then any professional would advise you to narrow your search to one area. Conducting a thorough search for investment property in London would be entirely impractical and time consuming.
Popular state schools ‘creating mini house bubble’
House prices in the catchment areas of Britain’s most popular schools are significantly higher than those just outside, according to new studies. Continue reading
Top Tips for Spring Cleaning before moving
By spring cleaning, we mean BIG. Sorting out your stuff before you plan to sell and move, you’ll not only save time and money but also your sanity.
