LONDON — A three-bedroom, 2,300-square-foot apartment recently went on the market in London’s fashionable Eaton Square and an Italian buyer immediately snapped it up for £5.65 million — a surprisingly quick sale in what has been a flat market.
Sit tight: prices aren’t likely to rise any time soon, although not all of us will fare badly. Graham Norwood predicts the winners and losers of the year ahead.
A large proportion of the client base of Black Brick Property Solutions, one of London’s leading independent buying agents, comes from the Middle East, and one issue the company regularly comes across is the fact that these buyers tend to have a total aversion to buying property with a short-lease, and will usually only consider properties that are freehold or a share of freehold.
Purchasing a property from a developer is never an easy thing. Jeremy Hazlehurst asks three experts for their buying advice…
Most people want the dust to have settled on their new home by Christmas. And this year there’s even more incentive to complete a move before December 25.
A surge in the capital’s prime central housing market is driven by overseas buyers taking advantage of the weak pound and low prices.
Despite recent excitement about price rises, the truth is that this seeming ‘improvement’ in the market is a symptom of a distinct lack of supply. On a day-to-day basis we are seeing the result of this unbalanced ratio between the number of buyers and the amount of housing stock available – one of which is the noted increase in sealed bid situations.
Britain’s curb on banking bonuses may stunt the recovery in London’s luxury-housing market by wiping out the windfalls that let buyers afford big mortgages, according to property brokers Knight Frank LLP and Savills Plc.
Residential property prices in the UK have bottomed out with all the signs pointing to a stabilisation, according to the latest review but a two tier market is emerging.
There have been mutterings this week that the house prices have already hit the bottom Nick Candy clearly things they have; estate agents in central London believe prices could have reached their lowest point as early as November last year. So does this mean we have all missed our chance to cash in on the downturn?
Improve, not move is the mantra of our recessionary times, especially for those with a Sarah Beeny-esque penchant for making bags of money from bricks and mortar. We are constantly assailed with advice about what to do to boost the value of our home, but what changes push prices down and make a property less attractive to a future would-be buyer?
The first six months of 2009 has brought mixed result for global property markets but with tentative signs of growing confidence there is talk of signs of recovery.
