The Market
Development Securities sells Westminster Palace Gardens for £21.9m
Development Securities has completed on the disposal of residential and retail components at Westminster Palace Gardens, which sold for £21.9m (netting the developer a profit of £2m).
Investors should move out of “risky” prime property
Prime property in London is trading at "inflated premiums" as investors continue to pump money into the market in an effort to ride-out global economic shenanigans, according to Swiss investment house…
Current leasehold system ‘not fit for purpose’
Britain's system of leasehold tenure is in drastic need of reform, a new report by CentreForum has suggested
What next for 12a Kensington Palace Gardens?
Nestled in between the Sultan of Brunei and the Saudi royal family, the Nepali Embassy at 12a Kensington Palace Gardens is one of the world's most sought after addresses, but its future lies in the balance…
Prime asking prices fall for first time in five months
As Zoopla reveal that 37% of properties have had their prices reduced since being put on the market, PrimeLocation's Prime Property Index shows that prices in the top 25% of the market dropped for the…
Pickles addresses Section 106 to tackle stalled developments
Eric Pickles has launched a consultation into amending Section 106 agreements - which require developers to invest in local communities in return for planning permission - in an attempt to reinvigorate…
D & G moves into the 6th arrondissement (of London)
Douglas & Gordon has ramped up its colonisation of the Royal Borough of Kensington and Chelsea by opening a third office in the area
Olympics bring out the serious buyers
Most of us assumed that there wouldn't be much buying activity during the Olympics, but Marsh & Parsons tell us a different story: their agreed sales during the Games increased by 23% compared to the same…
Vendors have to be realistic: RICS
Peter Bolton King, Global Residential Director of RICS, has spoken out after the organisation's latest analysis of the state of the UK housing market
Prime central London rents slip, but letting volumes improve
Whilst PCL rents may have fallen by 0.8% in July (1.1% on the year), Knight Frank point out that July's rental volumes were 30% higher than the same month last year
Sotheby’s moves into Henley
Sotheby's International Realty has just opened a new branch in well-to-do Henley-on-Thames, covering the prime territories of Berkshire, Buckinghamshire and Oxfordshire
Prime drives the property market
LSL's latest market report heralds a surprisingly healthy July, with transactions up 11% on June, largely driven by the top-end of the market; ten London Boroughs saw market peaks in July whilst Kensington…