Location: Prime Central London
£25m Soho block offered for prime residential conversion
Hermes Investment Management has put a freehold office block on Broadwick Street in the heart of Soho up for sale, complete with detailed planning permission for apartments.
Banda’s poppy factory conversion blooms
Developer Banda Property has released some more details on its new boutique scheme in Richmond, south west London.
Four Bayswater buildings snapped up for £30m in ‘old-fashioned’ off-market deal
40 serviced apartments bought by Qatari investor...
First two ‘House of the Year’ candidates revealed
Flint House, a "dramatic and innovative" new house on a country estate in Buckinghamshire and Sussex House, an "elegant villa in the Sussex countryside", have been announced as the first two houses to…
Periphery Vision: Inner commute areas to outperform as prime markets languish
The future looks pretty bright for property prices - as long as you're not banking on central London performance - says Savills in its big round of forecasts.
Interest rates to stay low for longer – BoE
The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 8-1 to keep the Bank Rate at a deeply low 0.
St James & Beechcroft launch redevelopment of historic riverside site
Berkeley Group arm St James and retirement home specialists Beechcroft have launched the restoration of a riverside estate in west London that once belonged to George III’s chaplain.
Russell Simpson ramps up lettings department
Long-standing Chelsea-based independent Russell Simpson has doubled the size of its lettings division with two new hires.
Cash Mob: Two out of five deals go to cash buyers – Hamptons
Across England and Wales, cash buyers accounted for two of every five transactions; a total of £420,000 cash deals were done in the year to March, with a combined value of £110bn.
Transaction slump deals a blow to Countrywide’s profits
Countrywide has reported an 11% yearly fall in pre-tax profits in the nine months to September, after the anticipated post-election recovery in transaction volumes "failed to materialise in any significant…
Prime central London rents drop as tenancies slide by 12%
The number of prime central London tenancies agreed in September was 12% lower than the same month in 2014, reports Knight Frank, as rental values dropped by 0.5% in October.
Steady five years ahead for the UK market; ‘uneasy’ PCL to rebound in 2018 – JLL
A strong and stable domestic economy will underpin the UK housing market over the next five years, says JLL in its latest batch of forecasts, while London looks set to come under increasing pressure.