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March 8, 2012
The Italians are heading to the UK. A latest London property report reveals that Italians have replaced Russians as the biggest financial investor group, something that hasn’t occurred in several years.
The data shows that despite the 11% rise in London property prices over the last year, sale volumes are at an astounding 85%. With all the recent real-estate developments around the UK, researchers have expressed surprise that supply has not been able to keep up with demand. It is clear however, that Central London has captivated real-estate investors. The sustained growth that has occurred since 2009 hasn’t showed any intentions of flatlining.
Regents Park estate agents have commented on the recent boom and its effect on house-owner’s attitudes and their desire to profit from the recent price hike. Prime Marylebone property has recently become available, with surges of house-owners putting their houses on the market. They are increasingly finding security in foreign cash flow, with overseas clientele flocking to the streets of London to buy real-estate. Considered a secure asset, the purchases being made by the Italians and the Russians showcase the health of the London property market.
The forecasts from last year, concerning the 5% price increase of Central London property, appear accurate; current Central London property prices and sales figures are indicative of an upward climb. With the Olympics coming up, as well as the London Sundance Film Festival and the recent influx of booking enquiries, the positive market data promises real-estate owners further growth. Celebratory parties hosted by London property agents are predicted if markets continue to flourish in this manner.
February 21, 2012
Purchasing power in its scarcity is a very lucrative commodity in 2012. Spotting the potential in Taiwanese consumers, real-estate agents have taken to dangling Luxury London residential property in the Taiwan market.
Labelling a London residential property as luxurious is not determined by the properties size but by its location, overall design and the reputability of the developer. The London residential property market services are currently catering luxury apartments specifically for expatriates who are looking to spend their time and money in London.
With buying power in a similar range to that of Hong Kong and Singapore, Taiwan markets are receiving international attention. The allure of the Asian consumer and their demand for affluent real estate recently enticed British brokers to Tapei on a travelling exhibition that started on the 20th of February. Focal point at the exhibition was given to apartments in a 24-floor tower in London’s South Bank area, close to Regents park property. The assembly of the pavilion is currently in motion, with 40 units already sold. Construction is set to be finished before the commencement of the Olympic Games in the summer. Clever management of London residential property is being well coordinated by real estate agents who have spotted the gap in the property market.
In terms of the global property market, the growing tendency to put money overseas will ensure that the demand for London residential property will continue to rise; making the UK an international financial centre for property patrons. Investors who are looking to diversify their assets are increasingly being drawn to central London property, while interest is also being garnered by parents who are looking to rent property for their children studying in the UK.
The reality is that the British pound has weakened by 30% against the Taiwan dollar since 2007. This explains why London residential property has become increasingly attractive to Taiwanese buyers. Real-estate agents are making the most of their opportunities by promoting profitable rentals to Asian investors and will continue to do so in the build up to the Olympics.
September 23, 2011
London is the location of choice for multinational corporations looking to establish a presence in the European market. In fact, the British Council for Offices reports that many large international companies will only look at commercial property options in central London. Executives at BCO say that a growing number of business leaders feel that only commercial properties in the UK capital can meet their specific requirements.
This is great news for central London estate agents, and hardly surprising considering the quality of commercial properties in the city of London. New developments in the capital, such as the Heron tower and The Shard at London Bridge, have become some of the most sought-after commercial London buildings. Despite its reputation as the most expensive place in the world to lease commercial property, London’s West End continues to attract businesses from all over the globe.
According to the British Council for Offices, most international firms are currently looking to buy or rent commercial property surrounding London’s Circle line tube transport route. Businesses are also choosing to occupy properties in previously neglected areas, such as the districts between the central city and the West End. Rental prices in this are typically lower, and there are plenty of opportunities for new commercial property developments.
The most popular up-and-coming areas for commercial property rentals in London are Holborn and Bloomsbury, and the BCO predicts that as the market improves, central London properties will continue to see growing interest from international tenants. Estate agents Bayswater will tell you that the prices of London’s prime commercial properties are also expected to rise before the end of 2011, despite the fact that they have already reached a record high.
With the 2012 Olympics just around the corner, the city of London is likely to see some exciting new commercial property developments – and a boost in demand – during the coming months.
March 29, 2011
Investing in London property has always been a safe bet for both domestic and international buyers. While the property market in the rest of the UK, and indeed the world, experienced a noticeable decline in the number of sales, central London property remained popular amongst buyers. Its growth continues to exceed expectations with values having risen by 2.8% since the beginning of the year.
The first quarter of the year is over, which means that London property agents are able to see how sales have fared. The sales of central London properties, which include Chelsea, Mayfair, Holland Park and Belgravia property, were expected to slow down this year. This was forecasted after a significant slow down last quarter, as well as an increase in the number of London properties for sale.
However, considerable international interest and investment in London property has resulted in the boost in sales and prices. There has been particular interest from buyers in the Middle East and Russia who, due to the strong oil price, have been able to buy London property for their own use.
However, international interest has been high since 2008 when a weaker pound sterling caused London property prices to be more favourable to overseas buyers. London property, such as Holland Park houses, has always been a good and stable investment even when the market is bleak, which is why many people choose to invest here. While London property management companies are not yet certain whether the price rise will continue if the markets stabilise, a shortage of stock may help the markets continue with this momentum.
Another influencer is the London Olympics which is encouraging visitors to buy London property instead of staying hotel accommodation. Capital gains for the 2012 Olympics are projected at 30% by the end of 2015. We can expect the London property market to continue its upward swing for at least the coming months.
March 9, 2011
The spring and summer seasons are usually the busiest for London’s property market with the activity during this time setting the trend for the year ahead. In the spring of 2010 the UK property market saw a 15% increase in transactions concluded than in the previous quarter. So what is forecast for the UK property market this year?
1. The London property market provides a “safe” investment for overseas buyers.
The very wealthy will always find central London property in prestigious areas to be desirable, as well as the city being a major global business hub and offering a selection of outstanding schools and universities. Many overseas investors purchase property in the city for their children to stay in while they attend university. This is one of the property market trends that estate agents see year after year.
2. Marylebone is fast becoming a prime area
Estate agents Marylebone are thrilled to announce that this fine suburb is being talked about with the same prestige as Kensington, Chelsea and Notting Hill, with more and more buyers purchasing property in the area. Estate agents forecast that this section of the property market will see an increase in property values.
3. Investors will return to the market
While the UK property market news has declared there to be a shortage of stock, residential property is predicted to become one of the most valuable investments in London and may see a price increase of at least 5%.
4. Access to communal gardens will become imperative
Spring is a beautiful time of year so many people will want to be surrounded by nature. One of the property market predictions is that residential blocks will require access to communal gardens.
5. Buyers will want property that provides a parking area
The residential property market is expected to place greater focus on security with one aspect of this being secure parking. Buyers with expensive cars do not want to park them on the street.
There you have the forecast and analysis of the property market. As we move from the first into the second quarter, we will see whether the property market follows these predictions or not.
