Location: London
BLME completes £12m Sharia loan for Kensington resi development
BLME, the largest Islamic bank in Europe, has completed on a £12m, two year loan facility to Curzon Asset Management for the development of nine luxury apartments in Kensington.
Scottish prime prices now 20% below peak (and they need to come down another 10%) – Savills
Prices in Scotland's prime market (classed as anything over £400,000) have fallen 20% from peak, according to the latest figures from Savills.
“Remarkable” resurgence in £5m+ activity – W.A. Ellis
There was a "remarkable" resurgence at the upper end of the prime central London sales market in February, according to W.A. Ellis, with a marked rise in both transaction volumes and instructions.
The Only Way is Down: RBKC basement applications up by a third
2012 was a busy year for basement companies, with a whopping 33% year-on-year increase in "subterranean development" cases registered in Kensington & Chelsea.
Experts in the Field: Valuing country property
In the second part of our series on what makes a proper property expert, buying agent Tom Hudson explains why putting a price on country houses is more art than science...
Balance of power shifts to tenants as supply of prime rental stock shoots up
After a significant shift in supply levels, the pendulum of power in London's prime lettings market appears to have swung away from the capital's landlords, according to Chesterton Humberts' latest findings.
One in five architects currently unemployed
22% of architects currently classify themselves as unemployed, and of these, more than a third are claiming jobseeker’s allowance, according to Building Design's inaugural industry-wide employment…
Wandsworth to lose lowest council tax bragging rights…to Westminster
Dinner party guests and estate agents throughout Wandsworth will have to reassess their patter tonight, as Westminster looks set to pinch the borough's coveted title of "lowest council tax in the country".
World’s wealthy set to grow by 50% in the next decade as “appetite for risk” returns
The global stock of high net worth individuals (HNWIs) grew by 8,700 (5%) last year, and is expected to increase by 50% over the next 10 years, according to Knight Frank's magnificent seventh Wealth Report.
Central London development market booms as sales rocket 50% in a year
Heightened activity in last year's Central London development market has propelled sales and construction to hit some heady post-crisis peaks, according to Jones Lang LaSalle, with further strong performance…
London: Luxury homes capital of the world
London is the luxury homes capital of the world, and the global prime property market is more similar to the fine art market than to the mainstream property market, according to a new report from Christies…
New Scottish land tax could drive prime buyers south of the border
Strutt & Parker has warned that Scotland's Stamp Duty replacement, due to kick-in in 2015, could wobble the top-end of the property market north of the border, especially in prime areas around Edinburgh…