Location: United Kingdom
Patient Capital: The rise of the Prime Private Rented Sector
Commentary on the private rented sector often fails to acknowledge that there has long been a thriving rental market at the very top end of prime residential property, says Olivia Tassell...
£19.95m (including Stamp Duty): The priciest property so far to be launched online-only
An online estate agent has pocketed £899 as sole agent on a £19.95m (£17.9m ex-SDLT) house on Phillimore Gardens.
SellMyHome.co.
Film Stock: Curzon Mayfair penthouse asks £15.5m
Formerly the home of legendary beat pop purveyor Dave Clark
Asking prices get smallest November trim since 2011
At -1.3%, the traditional pre-Christmas dip in asking prices has turned out to be the smallest since 2011, says Rightmove, which is "indicative of even higher prices next year".
Mall Change: Plans go in for Whiteleys’ £1bn resi-led transformation
The £1 billion redevelopment of the former Whiteleys department store in Bayswater is moving along nicely, with plans now submitted to Westminster City Council after two years on the drawing board.
50% Off: Knightsbridge agency plans Black Friday fee slash
Beauchamp Place-based Patterson Bowe will be offering a 50% fee discount
Kitchen Drink: Demand for wine coolers up by a third
Nearly half (48%) of kitchen designers and property developers say that customers have requested wine coolers in the last 12 months, according to a survey by Direct Line Premium Insurance.
Prices to rise by 25% in five years as ‘no easing in supply constraint’ – RICS
UK House prices are expected to rise by 4.5% per annum over the next five years, delivering a cumulative increase of around 25% according to the latest from RICS.
RICS Forecasts
The average home now changes hands every 19 years
The average number of years between property sales has dropped from nearly 25 to just under 19 since 2010, with southern homes shifting far more frequently than those in the North.
Colliers recruits new Director of Residential from Cushman
Colliers International has appointed a former Army Major and Cushman & Wakefield Partner to lead its residential development team.
CBRE London Residential recruits Chief Operating Officer from JLL
CBRE has boosted its Resi leadership team in London with a big hire from JLL.
Urban Exposure and Highbridge to finance £400m Tech City scheme
Alternative lender Urban Exposure and investment firm Highbridge Principal Strategies have announced they'll be providing finance for Rocket Investments' £400m new scheme on City Road.