Company Tag: London Central Portfolio
Lettings market rally ‘signals return of London as a global destination of choice for employment and education’
Investment firm LCP reports a surge in enquiries from overseas following the easing of travel restrictions.
Prime London rental market ‘rebalancing’ – LCP
Key indicators including the average discount on re-lets and the time taken to find a tenant have both been falling.
LCP chief unveils new central London ‘residents’ club’ venture
The Other House, founded by LCP's Naomi Heaton, is turning Harrington Hall Hotel in South Kensington and the Wellington Block in Covent Garden into serviced apartment members' clubs.
PCL transaction volumes hit a record low last year
New analysis shows that fewer than 60 properties were changing hands each week in 2020.
ATED receipts dwindle as enveloping loses its appeal
Receipts from the Annual Tax on Enveloped Dwellings fell by 8% (c.£11m) for the 2019/2020 financial year; they have dropped by 28% (c.£50m) since the 2016 peak.
Prime London’s tenants are getting younger
Under-30s accounted for nearly 90% of the tenancies signed in Q1, reports LCP - up by almost a quarter on last year.
London property market ‘getting a boost’ as overseas students ‘favour the UK’
"The UK’s safe haven status, diverse and liberal culture has attracted overseas students who would have previously studied in the US," suggests property investment firm London Central Portfolio.
CGT ‘cash grab’ could harm wider economy, warns investment firm
London Central Portfolio says Rishi Sunak should avoid being tempted by a 'short-term tactical ploy', or risk a negative trickle-down effect...
More overseas investors happy to buy ‘sight unseen’, says PCL agency
22% of the acquisitions carried out by LCP so far this year have been ‘blind’ purchases by overseas investors, driven by ‘bottom of market pricing’.
PCL’s altered rental market in eight charts
"Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year," notes the CEO of London…
Former Foxtons sales chief Andrew Weir on his new investment perspective
The sales guru at the heart of the Foxtons machine for over three decades made a big move to London Central Portfolio earlier this year; here, he discusses his ambitions as the new chief executive of the…
Prime Central London firms tip market to bounce back
'We anticipate that circumstances could lead to a stronger PCL market in 2020/21 than many currently predict, just as we did in early 2009', says LCP, while Winkworth predicts a ‘summer spike’ could be …