The Market
Midtown sales spike as buyers look beyond London’s golden postcodes
CBRE has reported 60% spike in sales in Q3 this year compared to last in Midtown - twixt Mayfair and the City - as buyers look beyond Mayfair and Knightsbridge.
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.
Homeowner positivity chills out
Homeowners still tend to think that the value of their property is on the up, although "there is a clear shift towards a more moderate view of current and future price growth potential," says Knight Frank.
Mortgage lending jumps by 5% in a month as market steadies
Gross mortgage lending reached around £19n in October, estimates the Council of Mortgage Lenders.
Soho Works Estate comes up for sale
The Soho Works Estate, a half-acre site fronting both Great Marlborough Street and Poland Street, has just been listed for sale with a £67.5m price tag.
Knight Frank opens up in Barnes
Knight Frank has just opened the doors to its new office on Barnes High Street, SW London.
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.
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.
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.