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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 […]

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 […]

London is still a global draw despite Brexit, says British Land

Profits at UK’s second-biggest property company boosted by sale of ‘Cheesegrater’ skyscraper London is still a big draw for global banks and institutions despite the uncertainty created by Brexit, according to one of the UK’s biggest property companies. British Land said the process of leaving the EU was creating uncertainty, with tenants taking longer than […]

Asian investors snap up UK property, defying Brexit jitters

ASIAN INVESTORS remain confident in the United Kingdom, despite many unanswered questions about Brexit, the country’s decision to leave the European Union, according to a new report from JLL.  JLL, a property consultancy, says real-estate transaction volumes in the UK for the first quarter of 2017 were at their highest level since 2015, in local-currency […]

London property ‘still good bet for investors’

London property ‘still good bet for investors’

London property ‘still good bet for investors’ Ignore scaremongering – the London property market is still a good bet for international investors. That’s the view of consultancy boss, Eyeedul Haque, of My Property Consultant Ltd., (MPC), which specialises in London buy-to-let investment. Although Brexit is causing uncertainty, there are strong reasons to look to the […]