Format: News
Capital’s capital growth doubles to 12.6% in 2013 – Cluttons
After capital value growth of +3% in 2013's final quarter, taking the annual rise to +12.6%, the average property in prime central London is now worth £1.
Hey Big Lender: Development finance landscape looking rosy – Knight Frank
The majority of lenders plan to up their funding of residential development funding over the next 12 months, continuing 2013's shift towards being more ready with the readies.
House prices to rise by 8% next year as new instructions “close to stagnating” – RICS
An "acute imbalance between burgeoning buyer demand and sluggish supply" will drive house prices up by 8% in 2014, according to the RICS, as new instructions to estate agents are "close to stagnating".
No Country for Old Glen: International businessmen dominate Scottish estate market
Scottish estates worth a combined total of £54m changed hands in 2013, according to the latest stats from Savills.
Aggressive expansion sees Countrywide buy two lettings businesses every month in 2013
This is buy-to-let on an industrial scale. Britain's biggest property services group, Countrywide plc, has acquired 28 lettings business throughout 2013, spending £23.
The Great Divide: House price schism “unbalancing the economy”
Despite pretty universal forecasting that the regions are now playing catch-up with London's runaway property values, "The Great House Price Divide" is bigger than ever and threatens the stability of the…
Resi conversion plans go in for West Brompton skyscraper
Towering over West London, 1960s landmark The Empress State Building could be about to undergo an office-to-resi conversion.
Living the Dream: “Lifestyle purchasers” return to rural market
2013 has been an "interesting" year in the market for farms and land, according to Chesterton Humberts (or "up and down" in other words).
2014’s ten biggest sales will be… mostly in London and New York
"No-one is surprised" that the six of the ten most expensive homes on the market right now are in London and New York (three a-piece), with nine out of ten sitting in either the UK or the US, according…
Savills’ Development Director joins Candy & Candy
Savills Director of National Development, Simon Stone, has jumped ship to Candy & Candy.
Money Where Your House Is: British property millionaires up by a third in 2013
The number of £1m+ homes in the UK increased by 31% to 92,985 this year; that's 255 new property millionaires a day, according to Zoopla. 1.
Northacre buys up Minerva’s stake in The Lancasters
As we reported at the beginning of the month, developer Northacre has been in talks to acquire JV partner Minerva's stake in acclaimed W2 scheme The Lancasters.
The Lancasters