Location: United Kingdom
Estate agency chief & institutional adviser team up to launch new investment brokerage
Tim Van der Schyff and Nina Elliott’s new venture will cater to ‘sophisticated investors’
London buyers are paying 91% of asking prices, on average
Capital-wide figure in Q2 was up 6% on Q1
‘Revised’ Lillie Square bulk deal goes through at £38m
Previously announced sale of 49 units at £66m has been ‘restructured’
‘We see nothing on the horizon that would trigger a major house price correction’ – Savills
Savills has upgraded its 2021 UK house price inflation forecast, bumping it from 4% to 9% - although the five year outlook remains largely unchanged from March's predictions, with research chief Lucian…
Bankside Yards to be UK’s first 100% electric major mixed-use development
Native Land's £2.5bn five acre development on London's South Bank aims to "set a new benchmark for sustainability in large, mixed-use regeneration schemes."
House prices are rising at five times the rate of flat prices
Zoopla's research chief Grainne Gilmore expects property price inflation to continue to accelerate in the coming months, "peaking at around 6%, before falling back to between 4%-5% by the end of 2021.
Competition heats up for sites as developers look to replenish their pipelines
Greenfield opps are in particularly high demand, sending values soaring by over 9% in the last year.
Boutique developer completes rapid turnaround in Belgravia
Voza’s latest project on Cliveden Place, acquired in February, sold within five days of listing.
40% of properties sold for more than their original asking price in June
"Astonishing" demand broke more property market records last month, reports Propertymark, but the estate agency organisation does anticipate "a rebalancing of the market over the coming months."
Old House Group picks up luxury resi project on Wilton Place
Grade II listed freehold was acquired with the help of a £6.4m bridging loan funded by CapitalRise.
Regal picks up London Fields’ Laundry site for resi development
The Laundry Building in Hackney has been used as a creative hub, founded by former Radiohead guitarist Ed O’Brien and media entrepreneur Raj Nayak, since 2014.