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Posts Tagged ‘London Property’

Is London Property Losing its Appeal to Foreign Investors?

A row of London homes

For years, the property market in London was buoyed up by investment by foreign buyers, who regarded the city as a safe place to put their money during the financial turmoil following the 2008 crash.  But now, the city faces the threat of a bubble, according to Ben Habib, Chief Executive of First Property Group.

Between mid-2009 and the end of 2012, office space in London rose in price by 52%, and the luxury residential market grew at a similar pace.  According to the research group Real Capital Analyticals, commercial property deals reached nearly £21bn last year, and over 64% of the money coming into the market was from abroad, a rise from 61% in 2011 and 55% in 2010.

London Property Still Prohibitively Out of Reach for First Time Buyers

For the last few years, the London property market has been one of the most talked about in the world. Before the crash it was talked about because of the rapid rate at which property prices were growing, especially prime properties, and the fact that first time buyers were being priced out of the market.

International Property News Beat – Foreign Demand for Florida Property, Karzai in Dubai & Pricey London Homes

Qatar Buys A Piece of America In London

Having been on the market for just over a year, the US embassy building in London’s Grosvenor Square is to be bought by Qatar’s sovereign wealth fund, Qatari Diar Real Estate Investment Co. The building was designed by Eero Saarinen and built in 1960, although the American embassy has been located in Grosvenor Square since 1938, and America’s ties to London’s Mayfair district date back to 1785, when John Adams, the first US ambassador to Britain and later the second US President, lived there.

Nigerian Couple’s £3 Million Hampstead (London) Home, Occupied By Squatters

squatters_london_hampstead Fancy being the owner of a £3m home on one of the richest streets in London but instead of enjoying your property with all its fancy dressings you find three squatters occupying the place. This is the stark reality at a Hampstead house in north London.

The Bishops Avenue property is being occupied by three guys from France and Romania. Close by lies Lakshmi Mittal’s £40 million gated home and down the road are properties of the Saudi Arabian and Brunei royal families.

The three squatters believe themselves to be of the friendly kind. They have linked up electricity, have running water, and plastered the ceiling in the rundown house since they’ve moved in.

£22m London Bargain Of The Century

Sloane-Street-London

Raffaele Mincione, a former fiancée of Heather Mills got the bargain of his life when he secured a Knightsbridge property for £18 million after £22 million was knocked off the asking price. The millionaire banker paid less than half of the original price for the refurbished Sloane Street property last month.

London Rents Drop In Line With Property Prices

rents-london-SE1

London residential rents are falling hand-in-hand with property prices and landlords have to reduce rents to entice tenants, according to latest reports.

Rents in the capital are now 5% lower than they were in December 2007 and at their lowest since December 2005 – and have fallen for the ninth month in a row without showing any signs of abating.

International Property News Beat [Mid Week] – Highend London, Spanish & Florida property

Is The US London Embassy The Most Expensive In The World?

The American ambassador Robert Tuttle announced a week ago that the US embassy was to relocate to a more secure location. News of this spread quickly as speculation arose whether the current embassy location in swanky Grosvenor Square was to be transformed into luxurious high end apartments once the move was approved by British planning authorities and the US Congress.