Location: Midlands
Resi development financiers embrace risk but ‘too many lenders chasing the same deals’
Residential development lenders are "embracing more risk," says Knight Frank, as competition for high returns heats up.
Estate Agency of the Year Awards: Winners
Many awards were dished out at last week's Estate Agency of the Year Awards; here's who won what.
Overall Winner
Pygott & Crone
Best Buying Agency
Gold: Black Brick
Silver: Garrington
Prime London vs Cheshire house price gap at ‘all time high’
Savills has been tracking some interesting price movements in Cheshire, home to some of the highest value housing markets outside the South of England.
Average prices creep up by 0.1% as K&C values tumble – Land Registry
92,492 homes were lodged with the Land Registry in October, with prices ranging from £19m for a house in Holland Park to £12,000 for a place in Burnley, Lancashire.
WhatHouse? Awards: Winners
Some deserving accolades were dished out to some of the prime resi industry's finest at last week's WhatHouse? Awards.
Prime Property of the Week: Stately Progress
Hawkstone Hall, Shropshire
£4.25m
FORECAST: Mansion tax could mean a 10% fall for superprime London next year – Savills
Savills has issued forecasts for two scenarios for the prime market in 2015: one with and one without a mansion tax. It makes quite a difference...
‘Crown Jewel of the Teme Valley’ asks £7m
The extraordinary ancestral home of the Winnington family has just come up for sale in Worcestershire.
Required Reading: High value residential property and the Immigration Act
The requirement for landlords to undertake immigration checks presents a number of practical points that will have particular relevance to high value resi lettings, says Jane Reyersbach...
FORECAST: +4% for UK house prices next year; +1.5% for PCL – JLL
JLL has predicted that UK house prices will rise by 4% next year, and is expecting Greater London to significantly outperform PCL.
Growth in prime central London will stand at 1.
Knight Frank promotes 103 to Partner and Associate
Knight Frank has made a bundle of promotions, bumping 34 employees up to Partner level and another 69 to the Associate rank.
On the residential side of the business, 25 have been made Partners:
£11,400-a-minute: How commuting time affects house prices
An extra minute on a commute knocks £11,400 off the value of a property, according to (more) research from CBRE.