The Market
Resi development land prices ‘likely to be more subdued’
Land values in prime central London soared by 24% last year, with Q4 delivering a +6.4% says Knight Frank, but greenfield residential development land struggled.
Even taking 2012's lowly +2.
Foxtons in Q4 sales slump
Foxtons has reported a big drop in sales commission in its latest trading update.
The estate agency confirmed that Q4 sales commission was down by a whopping 25.7% on the same period in 2013.
Clarges Mayfair sales top £250m
British Land has reported notching up £365m worth of resi sales last year, as its Clarges Mayfair scheme continues to bring home the bacon.
The £300m Mansion: JFK’s childhood home tipped to become London’s most expensive
'Totally unique offering' on Princes Gate has planning for a return to single resi use
‘No easier’ to buy a PCL pied-a-terre in 2015 than it was in 2014
The Midtown, City and Docklands patch has witnessed some pretty interesting trends over the last year, reports local agent Hurford Salvi Carr, including pied-a-terres becoming flavour of the month...
Pretty Vacant: Why Tessa Jowell’s plan to tax empty homes is doomed to fail
The reason why private landowners keep derelict houses empty is usually because they are waiting for a planning resolution, says Trevor Abrahmsohn...
£150m development site hits the market in Westminster
A humongous site has just been brought to market in hot-to-trot Victoria with planning permission for a 160-unit resi scheme.
Required Reading: Could this be the end for manorial rights?
The most ancient set of rights remaining in English property law could be in line for sweeping reforms, after a report published last week by the House of Commons Justice Committee recommended a complete review…
Balham Boom: London’s best performing area sees property prices rise by £415 a day
House prices in South West London's Balham put on a growth spurt last year, outpacing the rest of the capital by quite the margin, says Marsh & Parsons.
Homeowner house price sentiment slips back
Householders' expectations of future property price growth have slipped back a notch, notes Knight Frank, although most people still think values are on the up.
St George hosts NAWIC event at Battersea Reach
Resi developer St George threw an event at its Battersea Reach scheme this week to raise awareness of employment opportunities for women in the UK construction industry.
Alpine property index launches
A French agency has decided to track trends in the alpine market by launching a new quarterly property index.