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How London lost its mojo to Manhattan

How London lost its mojo to Manhattan

I love an Americanism. Only boring people don’t. Next time you’re talking to someone over 45, casually drop in a “trash can” or a “sidewalk” and see what happens. It adds pep to a conversation. London’s property developers seem to agree. Except, not content with alarming my centrist dad, they’re full-on rebranding swaths of the […]

Gulf helps Mayfair regain London property top spot

Gulf helps Mayfair regain London property top spot

It is the first time in a decade Mayfair property has been significantly more expensive than Knightsbridge. Sales volumes in Mayfair increased by 18 percent in 2017 on the previous year. LONDON: Mayfair luxury apartments were priced on average at £2,378 per square foot last year, six percent higher than those in Knightsbridge, according to a […]

Dubai on course to outstrip pricey London’s record for building apartments

Dubai on course to outstrip pricey London’s record for building apartments

Dubai is on course to absorb more new apartments than London over the next two years, as luxury “ghost towers” threaten to haunt developers in both cities, analysts say. Brokers warn that the pair are developing luxury units far beyond the reach of average earners. In London, the average home costs more than £470,000 ($663,000), […]

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 […]

‘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 […]

London Edges Out New York City as Top Hotspot Among Foreign Real Estate Investors

London Edges Out New York City as Top Hotspot Among Foreign Real Estate Investors

WASHINGTON, DC – Among foreign investors, interest in New York has slipped and London has assumed first place as the number one global city for their real estate investments. For the first time, Los Angeles has tied New York as the number one city in the US, according to the results of a new survey taken among the members of the Association of Foreign Investors […]

New wave of Asian buyers to rival Arabs in London luxury property market

New wave of Asian buyers to rival Arabs in London luxury property market

LONDON: The high-end property market in London is likely to see a “dramatic” increase in buyers from Asia over the next decade, potentially rivaling more traditional investors from the Middle East, according to a luxury developer. “Our bread-and-butter clients have been from London and the Middle East in the recent years … however I think […]

Middle East investment is pouring into London’s skyline despite Brexit headwinds

Middle East investment is pouring into London’s skyline despite Brexit headwinds

London remains the top city destination for Middle Eastern property investment, says CBRE. Oil-rich sovereign wealth funds remain the main source of capital for investments from the Middle East, representing $5.4 billion of outbound investment from the region. International investors purchasing commercial property in London appear to have been largely undeterred by the Brexit vote. […]