Energy efficiency deals for property owners in the UK extended and upgraded

Changes to the UK government’s Green Deal cash back scheme aimed at getting property owners to improve the energy efficiency of their homes have been announced. The scheme helps people to install energy efficiency measures by providing them with money back on the contributions they make towards improvements. The changes include increases to the amount […]

Survey reveals what puts off buyers the most

Damp stains and poor maintenance top the list of house hunters’ biggest turn offs, followed by bad smells and unfinished building work, new research shows. Damp is the biggest issue that puts off buyers with 70% saying they would not consider a home with damp patches of stained walls or ceilings, according to the survey […]

New UK planning court with specialist judges welcomed by property industry

A new planning court in the UK which will employ specialist judges to deal with disputed property schemes has been welcomed by the property industry which has expresses its dissatisfaction with the current system. The court, part of proposals announced by Justice Secretary Chris Grayling, will work to fixed time limits, in effect fast tracking […]

Rockspring acquires three assets in Hamburg from Valad

Rockspring Property Investment Managers, on behalf of TransEuropean Property V LP, has acquired three core-plus office and commercial assets in Germany totalling 24,350 sqm, from Valad Europe. The assets are located in Langenhorn, Hamburg and were sold on behalf of Valad´s V+ Germany mandate. All three assets, Essener Bogen 7, Essener Bogen 17 and Essener […]

LondonMetric acquires Superdrug Distribution Centre in South Elmsall

LondonMetric Property Plc has exchanged on the acquisition of the Superdrug Distribution Centre in South Elmsall, Doncaster from OLIM Property Limited acting on behalf of BAE Systems Pension Fund. The purchase price is £13.0 million (net of acquisition costs), reflecting a net initial yield of 7.3%. The acquisition is expected to complete in June 2014 […]

Rockspring Hanover Property Unit Trust makes two UK acquisitions totalling £20 million

Rockspring Hanover Property Unit Trust has acquired the Hatch Industrial Park, Basingstoke, and a parade of retail units in Lancaster, Lancashire, for a total of approximately £20 million. The Hatch Industrial Park, located adjacent to the M3 just outside Basingstoke, South East England, was acquired for £9.915 million, reflecting a net initial yield of 7.1%. […]

Commercial real estate investment volumes doubled in 2013

In 2013 total investments in commercial real estate in Latvia amounted to more than €331.5 million, which is almost double compared to €176 million invested in 2012. These investment figures include acquisitions of commercial estate, reconstruction objects and land plots for development with a sales price over €0.4 million. This increase of investments in commercial […]

Law Society in Scotland calls for rethink on letting agents regulation

The Law Society of Scotland has today urged Scottish politians to rethink proposals to regulate letting agents as it believes current proposals will create an unnecessary dual regulatory regime for those solicitors who undertake letting agency work. The Housing (Scotland) Bill proposes to require Scottish Ministers to establish and maintain a register of letting agents […]

Business group calls for more to be done to boost the UK rental market

A generation of renters in the UK could be left behind as the housing debate focuses on home ownership, according to the Confederation of British Industry (CBI) which has called for action to boost investment in the rental sector. By 2018 it is estimated that one in five households will live in private rented accommodation […]

Quarter of UK buyers visit a home just once before deciding to buy

More than one quarter of property hunters in the UK visited their prospective new home just once before deciding to buy or rent it, new research has found. One in 10 spent less than 15 minutes in their current home before deciding to move in, the survey by mortgages and secured loans broker Ocean Finance […]

Property valuations up 34% in 2013, latest analysis report shows

The number of property valuations in 2013 grew by 35% compared to the previous year, according to the latest analysis from chartered surveyors Connells Survey and Valuation. It also shows that last month saw strong annual growth, with the total number of valuations increasing by 12% annually, even after a 28% seasonal slowdown compared to […]

Mortgage market growth expected to continue into 2014, says latest CML report

The total number of loans advanced to home owners in the UK or house purchase fell slightly in November, down in volume by 3% compared to October but still the fourth highest monthly level since December 2007, according to the latest data from the Council of Mortgage Lenders. First time buyers took out 27,000 loans […]

Crime and safety rated important by majority of home seekers in the UK

More than two thirds of home hunters in the UK rate safety and absence of crime as the most important factors when searching for a property to buy or rent, research has found. The survey by secured loan broker Ocean Finance also found that people aged 18 to 24 are most likely to want to […]

New chairman for the UK’s Council of Mortgage Lenders

Stephen Noakes, mortgages director for Lloyds Banking Group, is to become the new chairman of the Council of Mortgage Lenders from the beginning of January. He will succeed Nigel Terrington, chief executive of the Paragon Group of Companies, who has been chairman for the last year. Noakes joined Lloyds Banking Group in 2007, when he […]

UK house prices could rise by up to 8% in 2014 but no bubble expected

House prices in the UK are set to continue to rise during 2014 with the Halifax Building Society predicting growth of up to 8%, broadly similar pace to 2013. Nationally, house prices have increased by 7% in the first 11 months of the year. Activity has also picked up with transactions likely to exceed one […]

National residential rent growth outperforms London, latest data shows

Monthly rents have increased across the UK with the national year on year rise of 10% outperforming London which saw annual growth of 6% last month compared with a year ago, the latest index shows. It is clear that the outer regions have regain momentum and this growth has rebalanced the market, according to the […]

Long term property investors should not be put off by tax changes in the UK

The introduction of capital gains tax (CGT) on overseas property investors and the Bank of England’s stated intention to minimise the potential for a bubble in the UK market could impact the ability of UK property developers to market their developments overseas, it is claimed. The forthcoming CGT changes will see foreign property owners forced […]

Research reveals confusion over Help to Buy among prospective UK buyers

Two months on from the introduction of the Help to Buy mortgage guarantee scheme in the UK there is widespread confusion about the scheme, it is claimed. Of those first time buyers who claim to understand phase two of Help to Buy some 23% wrongly think it is only for new build properties, according to […]

Draw of London’s prime property market could lessen in 2014, it is suggested

The pull of property in central London for wealthy international buyers seeking a secure haven in which to invest their money could lessen in 2014, it is claimed. According to the latest analysis from real estate firm Winkworth the recovery in the UK financial services industry is bolstering the sentiment of domestic buyers and adding […]

Ripple effect from London set to benefit UK regional office markets

The continued rise of London’s office market will stimulate regional commercial markets as the ripple effects moved out from the capital city, according to a new report. The UK’s key regional city office market is set to benefit from rental growth stimulated by London’s strong performance as the economy recovers, according to the report by […]

Prime central London property market remains strong

Sales of prime property in central London are continuing to rise and sellers are achieving 97% of their asking prices, according to the latest report on this sector. Sales transaction levels are up 11% year on year in the months from September to November and capital values up 4.1%, says the report from agents W.A. […]

UK private rental sector rents set to grow by over 20% by 2018

Despite support for home ownership in the form of Help to Buy, the UK’s private rented sector is expected to grow by a further one million households sending rents up by 21% over the next five years. The growth will result in pressure on rental stocks which will push rental prices up even higher, according […]

French house prices down 1.1% year on year and expected to fall more in 2014

House prices in France fell by 1.1% on an annual basis in the second quarter of 2013 but there is a wide variation on a regional basis, according to latest figures reported by Notaires. And an analysis from ratings agency Standard & Poor’s says that prices in France will continue falling next year due to […]

France top choice for overseas property investors

France is still the number one choice for Brits buying property abroad, according to the latest overseas property ‘hot spots’ report compiled by Conti. The country is top of the list for the fourth year running, accounting for a huge 45% of mortgage enquiries received so far this year. This is the country’s biggest share […]

UK housebuilding surge predicted

Britain could be braced for a housebuilding boom after fresh figures revealed a sharp pick-up in planning applications, as government schemes to boost mortgage approvals raised confidence in the housing market. The Home Builders’ Federation said the number of planning approvals for new homes surged 49 per cent between April and June compared with the […]

New Fendi Milan boutique will open up with the longest runway

The Italian fashion house is all set to rock the Italian capital. Fendi along with its creative director, Karl Lagerfeld, will be opening its new headquarters in Milan on 19th September. The new outpost, touted to house the longest runway in Milan, will introduce Silvia Venturini Fendi’s S/S 2014 collection. Located on Via Solari, Fendi’s […]

For sale: Repossessed flat with one of world’s most exclusive addresses

What does $9 million buy one in London these days? An “entry level” one-bedroom flat – albeit with a seriously exclusive address: One Hyde Park. The 92 square metre apartment in London’s most expensive residential complex – indeed, one of the world’s most expensive – has been put back on the market after it was […]

London fuels record growth in UK house prices

Roaring demand for London housing has pushed English property prices beyond their peak at the height of the country’s economic boom, official figures showed on Tuesday, underscoring concerns of an impending housing bubble. House prices in the capital outpaced those in the rest of the country by a factor of 10 times during the past […]

GPT spinoff’s $1.5bn turnaround

THE investment company that GPT Group spun off in the depths of the global financial crisis to hold its stakes in a series of European assets has made a €1 billion ($1.5bn) turnaround. The group, BGP Investment, has shaken off its uncertain beginnings to emerge from the once-perilous European property and finance markets as a […]

CBRE new appointment – global head of research

CBRE Group Inc. today announced that Nick Axford, PhD, has been named Global Head of Research, a new position. Dr. Axford is currently Head of Research for CBRE’s Asia Pacific business, and will assume his new global responsibilities immediately. In this global role, Dr. Axford will have overall responsibility for managing the operations of CBRE […]

U.K. House Prices Rise to Record as Mortgages Loosen: Economy

House prices in England and Wales increased to a record in May as government measures to ease credit strains improved the availability of mortgages. The average cost of a home rose 0.4 percent from April to 233,061 pounds ($365,000), Acadametrics and LSL Property Services Plc (LSL) said in a monthly report published in London today. Prices were up […]

U.K. Commercial Property Values Rise for First Time in 18 Months

U.K. commercial real estate values rose for the first time in 18 months in May, led by increasing demand for offices, Investment Property Databank Ltd. said. The average value of stores, offices and warehouses climbed 0.01 percent from April, London-based IPD said in a statement today. Total return, which combines changes in real estate values […]

Sneak peek inside Chanel’s new flagship store at London

Just before Chanel unlocks the gates of its new flagship store in London, we are thrilled to share few details as well as exclusive images of the same, courtesy Vogue. Located at 158-159 New Bond Street and spreading over 12,600 square-feet, it claims to be the largest Chanel shop in the world. The colossal three […]

L&B announces its debut at the Monaco Yacht Show

L&B, London’s most exclusive retailer of bespoke luxury linens is delighted to announce that it will take a stand at the Monaco Yacht Show for the first time. L&B is delighted to be hand-picked to join the world’s most prestigious brands and to present their unrivalled range of super-luxe linens to a discerning international clientele. […]

LEONORA BEAUBOIS L&B LONDON

Leonora Beaubois is the owner of the stunning L&B showroom in Belgravia, offering one of the largest ranges of luxury linens and home accessories in London. The contemporary showroom is an impressive architecturally designed 4,000 sq ft space designed by the famous French architect Jean Michel Wilmotte – critically acclaimed for his work for clients such as Cartier […]

FOR SALE: Thurloe Square London, SW7 2SR £15,000,000

Large entrance hallway Master bedroom Suite 4 further bedrooms Kitchen/Breakfast room 3 reception rooms Patio garden Terrace Staff/Guest Bedroom, En Suite and Kitchen EPC=D 544 sq m (5,859 sq ft) An imposing Grade II listed corner residence built circa 1840 by the architect, George Basevi. The property has a grand stone staircase and several beautifully […]

FOR SALE: Cadogan Place London, SW1X 9SA £28,000,000

Drawing room Dining room Family room Library Cinema room Master bedroom suite with 2 dressing rooms and en suite bathroom 4 further bedrooms (3 with en suite bathrooms, 1 with ensuite shower room) Staff accommodation Swimming pool, gymnasium and steam room 4 Terraces and separate garaging for 3 to 4 cars An elegant Grade II […]

FOR SALE: Manresa Road London, SW3 6LZ £39,500,000

5 Reception areas Office and study Kitchen/breakfast room 5 Bedroom suites 2 Guest cloakrooms Private gym Separate staff studio Terrace (74 sq m/792 sq ft) 850 sq m (9,746 sq ft) EPC Rating = C A truly unique and outstanding first floor duplex apartment providing exceptional open-plan entertainment areas and five substantial bedroom suites plus […]

For Sale Gustavia, Saint Barthélemy EUR 14.5M

Bedrooms 3 Bathrooms 3 Ground area 23.348 m² Managing agent Christian Wattiau, Sibarth Real Estate (Christies Estates – Affiate Office), rue Fahlberg, 97133 Gustavia, Saint-Barthélemy Phone number+590 590 29 88 91 Email christian@sibarthrealestate.fr Website www.sibarthrealestate.fr

For Sale; 3500sqm home in Palma, Spain POA

Floor area 3.500 m² Construction year 2007 Parking space 10 Bedrooms 12 Bathrooms 12 Ground area 14.000 m² Managing agent Ignace Meuwissen, Avenue de la Libérté 62, 1930 Luxembourg, Luxembourg Phone number+352 2736 5351 Email board@property4east.com

For Sale; Ticino, Switzerland

Exclusive residential property located in a safe neighbourhood close to access roads. Authentic interior with high ceilings and beautiful floors. Recently renovated and answers all possible requirements. The personal characteristics of this interior offer you the comfort and luxury you are looking for. Floor area 670 m² Construction year 1905 Parking space 5 Bedrooms 6 Bathrooms 4 Ground area 7.245 m² […]

Beckingham Palace For Sale

David and Victoria Beckham are selling their country estate in England, known as “Beckingham Palace”, and moving their family to London. They bought the property in Sawbridgeworth, Hertfordshire for £2.5million in 1999 and it is now estimated to be worth as much as £10million. The couple have made additions such as an indoor and outdoor swimming pools, […]

Incredible Swedish Royal Castle listed for sale

The Bryngenäs Castle is a stunning property in Sweden, consisting of both land and water. The castle is perched on a peninsula with a fantastic view of the lake Mjörn. A long avenue leads up to the main building, surrounded by a large park with lawns and rhododendrons. The park also contains a sculpture with […]

The $360 Million Tour Odeon Penthouse In Monaco

A luxury penthouse in Monaco could become the world’s most expensive property per square metre when it comes onto the market next year. Soaring to a height of 170m, the Odeon Tower will be the Mediterranean coastline’s second tallest building when it is completed next year. Topping out the block will be a spectacular 3,300 sq metre […]

Greece to begin auctioning marinas

Greece will begin this week auctioning off rights to operate dozens of marinas as it seeks to tap private investment to boost lucrative yacht tourism. The state agency in charge of privatisation said six international tenders would be issued by June for 46 marinas in its portfolio while the tourism ministry pledged to facilitate licencing procedures […]

Paris’s landmark Crillon hotel closes for makeover

The Hotel de Crillon in Paris is closing this weekend for a two-year-long makeover that includes a new spa and sweeping renovations. The stone building was commissioned by French King Louis XV and built in 1758. It is one of two twin buildings overlooking the emblematic Place de La Concorde, where French King Louis XVI […]

Monaco decides to expand into sea

Monaco plans to expand its tiny territory by building a six hectare peninsula into the Mediterranean, the city-state’s monarch Prince Albert announced Friday. “I have decided to launch an extension into the sea to the east of the principality after having studied various proposals since 2008,” Albert said. The affluent city-state of 2 square kilometres (0.8 […]

Property Tycoon Buys One Of London’s Biggest Homes For A Record $120 Million

Nearly a year and a half after it hit the market for a whopping $160 million, London’s One Cornwall Terrace has sold to British property tycoon Marcus Cooper, according to The Sun. He reportedly paid $120 million for the home, significantly less than its asking price. Even with the discount, it’s a record price for a terraced […]

See The View From The Tops Of The World’s Tallest Skyscrapers

It seems like every year architects and engineers push boundaries and shatter records to erect the new tallest building.The Burj Khalifa was named the tallest building in the world in 2010 at 2,717 feet, and the London Shard’s observation tower opened on the tower’s 72nd floor this week. Jennifer Polland Source: Business Insider

A Modern Plan for Historic London Market

Surrounded by winding streets with names like Cloth Fair, Cowcross Street and Hosier Lane, London’s Smithfield Market is steeped in history. Meat and livestock have been traded for more than a thousand years on the site, which also was where Scottish revolutionary hero William Wallace was executed in 1305. But London’s landscape is changing, and […]

Singapore’s latest measures good for UK developers

London properties continued to sell well in Singapore last weekend, with the number of individual developments showcasing their investment opportunities during January hitting double digits, says Andrew Batt from Singapore. Perennial Singapore exhibitor Berkeley Homes attracted strong interest for its prestigious One Tower Bridge development. Piers Clanford, Managing Director of Berkeley Homes:“We’ve had an excellent response and […]

Rome’s Trevi Fountain gets $2.9M facelift courtesy of Fendi

Rome’s 18th-century Trevi Fountain, famed as a setting for the film “La Dolce Vita,” is getting a $2.9 million restoration courtesy of the Fendi fashion house. The 20-month project on one of the city’s most iconic fountains was unveiled at a city hall press conference Monday featuring Fendi designers Karl Lagerfeld and Silvia Venturini Fendi, […]

Real Estate Investments In Switzerland

Switzerland’s stable, affluent economy and tightly controlled supply mean residential prices are less volatile than many other international markets. Switzerland has long been a haven for the well-to-do. The country’s moderate tax rates, financial privacy and venerated quality of life attract well-heeled citizens of the world. In 2006 the list of the 300 richest people in Switzerland compiled […]

Lend Lease granted planning permission for Elephant & Castle

Up to 2,500 new homes and Central London’s largest new park in 70 years set to transform SE1 The vision for a transformed Elephant & Castle was approved by Southwark Council on the 15th January 2013 when the council resolved to grant outline planning permission for the Heygate Estate masterplan: the most significant milestone yet […]

Bang & Olufsen closing 125 stores

Danish high-end hi-fi maker Bang & Olufsen reported on Wednesday a 47-percent plunge in its second-quarter net profit and announced the closure of 125 stores. Between September and November, the company earned a net profit of 15.4 million Danish kroner (2.06 million euros), sharply down from the 28.8 million kroner reported in the same three months a […]

Mercedes races to new annual sales record

LUXURY German carmaker Mercedes-Benz says it has achieved record sales in 2012, driven by accelerating growth in China and the United States. About 1.3 million Mercedes-Benz cars were purchased in 2012, the firm said in its annual sales release, a gain of 4.7 per cent on the previous year. With 274,134 cars sold in the […]

World Cities Review 2012

The fourth edition of Savills World Cities Review takes a closer look at ten world class players in the global property market. Where does your city rank? Read the World Cities global research report and discover which ten cities are shaping global real estate. Read exclusive comparisons of the mainstream and leisure property prices between ten cities across the world. Discover the […]

Let there be Light: Festival of Lights, Lyon

The Lyon Festival of Lights is back and organisers are hoping this year’s event will be bigger and brighter than previous. The festival is one of the biggest urban events in the world. This year is the 14th anniversary and nearly three million visitors are expected to descend upon the city to see designers, artists, […]

Store fit for a designer king

Recently I interviewed Damir Doma, one of the worlds’ leading fashion designers, in Paris. I asked him which architect was designing his flagship store. I was expecting the answer to be Jean Nouvel or an architect with a similar reputation in Europe. To my amazement, the answer was architect Rodney Eggleston, co-director of March Studio […]

Things to do and boats to see at one of the world’s most magical maritime events

Nowhere else in the world puts on a yacht show quite like Monaco. Yes, there are bigger shows and, yes, there are those that are better attended but there is a magical element to Monte Carlo that puts the super into the superyachting event of the year. This yacht show is about far more than […]