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Buying houses brick by brick opens new door to investors and savers

Buying houses brick by brick opens new door to investors and savers

BUYING pieces of a property — rather than an entire house — is gaining traction as Australians seek fresh ways to enter the increasingly expensive real estate market. Fractional investing company BrickX this week launches its first property in Adelaide — its first purchase outside the big cities of Sydney and Melbourne — and plans […]

Global super-rich agreeing to rent luxury London homes without visiting

Global super-rich agreeing to rent luxury London homes without visiting

High-end estate agents say smartphones have transformed lettings and the wealthy are making decisions based on video tours Wealthy foreigners are prepared to shell out as much as £25,000 a week renting luxury homes in London without bothering to set foot inside before opening their wallets. High-end estate agents report that overseas demand for super-prime London homes […]

BIG PROPERTY DEALS IN 2017

BIG PROPERTY DEALS IN 2017

£1.28bn – The Walkie Talkie £1.15bn – The Cheesegrater £470m – Nine Elms Square, Battersea  £292m 1 Kingdom Street, Paddington  £246m – 7-8 St James’s Square, Mayfair £175m – 11-12 St James’s Square, Mayfair  Source: http://www.thisismoney.co.uk/money/news/article-4809958/Chinese-investors-splash-4bn-London-skyline.html  

Israeli Property Group Targets London’s Silicon Valley

Israeli-owned Izaki Group Investments are launching a new property scheme in London’s trendy Shoreditch area. The development will consist of 119 luxury apartments and penthouses to target the executives of London’s start up scene. Shoreditch is commonly known as the Silicon Valley of the UK. It is the home of several incubators and established tech […]

Hong Kong property investors go trophy hunting in London despite Brexit

LONDON (Reuters) – Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony. While others have pulled back from British property following last year’s Brexit referendum, investors […]

Dalian Wanda drops £470m London property purchase

Developer scraps plan to buy Nine Elms Square in face of China’s scrutiny of M&As Chinese property developer Dalian Wanda has walked away from a plan to buy London’s Nine Elms Square amid mounting pressure from Beijing to curtail high-profile overseas acquisitions. The 10-acre plot is part of London’s largest residential development site, where a […]

UK property investment news shows prices and rents are rising strongly

Official figures prove the UK property market is looking up Property investors will take further encouragement from recent positive investment news. House price rises continue to outpace inflation. The number of landlords raising rents has reached its highest for more than a year. Anyone who thinks the buy-to-let investment is dead in the water risks […]

Empty homes: normal rules do not apply to super-rich in London

Even the prospect of collecting £10,000 a month is not enough to encourage wealthy owners to fill their vacant properties There is something odd about Kensington and Chelsea. Across England, the number of homes left empty for six months or more fell by more than a third between 2006 and 2016, and in London it […]