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Middle East property investors shrug off Brexit blues

Middle East property investors shrug off Brexit blues

LONDON: The UK capital is still seeing strong interest from Middle Eastern property buyers, even as politicians in Westminster wrangle over Brexit. The lure of safe-haven London remains high, and is expected to strengthen rather than decrease, brokers said. Arab buyers are lured by currency weakness, the decline in prime central London prices and robust […]

Is the London property market ready to banish the Brexit blues?

Is the London property market ready to banish the Brexit blues?

Despite a lingering mood of uncertainty, many experts expect the capital to ride out the anticipated turbulence Imagine watching a time-lapse film showing the changing face of London’s skyline. An endless succession of construction sites would appear alongside the River Thames, cranes and diggers coming and going, gleaming steel and glass buildings rising into the […]

Overseas buyers snap up majority of exclusive London homes

Overseas buyers snap up majority of exclusive London homes

Proportion of foreign investors targeting high-end postcodes at 5-year high Overseas investors snapped up more than half of all properties for sale in London’s most exclusive postcodes in the last half of 2017 as buyers took advantage of big discounts in areas such as Belgravia and Kensington. The proportion of homes in the capital’s “prime […]

South African investors looking to the UK property market

South African investors looking to the UK property market

South Africa’s dramatic economic fluctuations have sowed uncertainty in certain local investment markets, and paired with a consumer price pinch, many investors are now looking abroad for property investment opportunities. “During 2017 we saw a steady decline in the residential and rental markets, despite periodic reprieves. Certain markets certainly defied buyer weariness, however they were largely […]

China’s Wanda sells interests in high-profile London property project

China’s Wanda sells interests in high-profile London property project

HONG KONG: Dalian Wanda Group has agreed to sell its interests in the high-profile London luxury development project, One Nine Elms, for 59 million pounds ($81 million), the latest in a string of asset sales that underscore financial strains hitting the Chinese conglomerate. The conglomerate, which has businesses that range from real estate to football […]

UK to introduce foreign owners’ property register

UK to introduce foreign owners’ property register

Britain will introduce a public register that will compel foreign companies which own or buy property to disclose their ultimate owners in a bid to crack down on money-laundering, the business ministry said on Thursday. London property in particular has attracted foreign buyers in recent years thanks to its mix of top-end apartments, luxury penthouses […]

Foreign Appetite For Commercial Property On The Rise

Foreign Appetite For Commercial Property On The Rise

While Chinese demand for Australian residential property is cooling, due to tighter restrictions on investment activity in both Australia and the PRC, the exact opposite is true for Australian commercial property. Foreign demand for hotels and office assets are set to climb to 21.9% and 19.2% respectively, according to the ANZ/Property Council Survey for the March […]

‘It’s a crown jewel’

‘It’s a crown jewel’

Former Grand Haven resident James Timberlake has added a long line of credits to his resume since graduating from Grand Haven High School in 1970. But the crown jewel has to be the design of the U.S. Embassy in London, which opened this week, he said Wednesday in a telephone interview. The new embassy was […]

MALAYSIAN FUNDS BUY LONDON’S BATTERSEA FOR $2.2B AND MORE ASIA REAL ESTATE HEADLINES

MALAYSIAN FUNDS BUY LONDON’S BATTERSEA FOR $2.2B AND MORE ASIA REAL ESTATE HEADLINES

Two Malaysian state-backed funds have said they will buy Battersea Power Station in a deal that values it at around £1.6bn – making it the biggest property deal carried out in the UK. The terms of the deal value it ahead of the UK’s biggest ever property transaction, the £1.28bn sale of the ‘Walkie Talkie’ skyscraper in the City last year, which was acquired […]