The Market
Chelsea Crossrail station ‘still on track’ as safeguarding plans updated
It looks like the King's Road option, rather than the World's End, is the front-runner for the location of a new Crossrail 2 station in Chelsea.
Strong start for Derwent’s Art Deco cinema conversion
Derwent London's redevelopment of a former cinema on Queensway has got off to a flyer, with 50% of the units selling within the first two weeks of launch.
‘Use the current economic sunshine’ before the next global slump in 2018 – Grosvenor
The UK is on track to be hit by another downturn in real estate markets in 2018, just after the US, claims Grosvenor's Group Research Director Graham Parry.
FORECASTS: ‘Ugly Betty’ properties, the £2m opportunity, and the rise of rural – Stacks
Property search agency Stacks has canvassed its senior types to come up with a series of mini-forecasts for next year.
Here are some nuggets:
Vendor sweetens penthouse deal with free Lamborghini
The vendor of a $38m Las Vegas penthouse is hoping to pique the interest of high-rolling buyers by throwing in a $250k Lamborghini hyper-car to sweeten the deal.
New-build market above £1m to suffer in 2015 as supply increases – Hurford Salvi Carr
City/Docklands/Midtown-based agency Hurford Salvi Carr has been totting up the price movements across its patch during 2014, and come up with an average increase of 4% on the sales side.
Permitted Development Rights fails to deliver as policy deadline looms
Less than 6% of homes approved through Permitted Development Rights in major London schemes of 20 units or more have actually been delivered, according to some startling new findings.
‘Mini-boom hits a pause’ as asking prices fall – Rightmove
Asking prices have dropped by 1.7% in the last month, says Rightmove, as the traditional winter slowdown kicks in.
This year has seen prices of new instructions hitting the portal rise by 8.
London’s prime resi rental market ‘continues to improve’ – Chestertons
Prime rents nudged upwards in Q3, says Chestertons as the firm forecasts a 3% increase for prime London rents next year.
Q3 saw prime rents rise a touch by 0.
A potted history of the mansion tax in quotes (2009-2015)
The idea of a Mansion Tax has been knocking around Westminster with intent for over five years now, since Vince Cable brewed up a scheme in 2009 to make taxation more fair...
Abrahmsohn on the year that was (and the ‘black cloud’ hanging over 2015)
Glentree boss Trevor Abrahmsohn makes sense of a rollercoaster year in the prime property market, and reveals his much-anticipated predictions for 2015...
This year has been divided into a number of segments.
Black Brick looks to Angola for future HNW clients
Prime central London buying agency Black Brick has given a fascinating insight into its business and market position, releasing an analysis of its property purchase and transaction data since it was…