The start of the speculation around the Football January transfer window could help along the top end of the property market throughout the UK. Priorities for the football transfer market include security, indoor pool, garage space for several large cars and home media and entertainment systems.
PARAMOUNT PROPERTY
Monday, 14 December 2009
Wednesday, 2 December 2009
Chelsea Residential Investment Property For Sale
Chelsea Residential Investment for Sale
Draycott Place is a substantial period building comprising 19 self contained apartments. The building is configured to provide 9 one bedroom apartments, 9 two bedroom apartments and 1 three bedroom apartment. All of the apartments have been recently decorated and include wood flooring, recessed lighting, recently refurbished kitchens and marble bathrooms. The building benefits from a lift, door entry system and many of the apartments have outside space.
Draycott Place is situated in the heart of Chelsea, parallel to and just north of the Kings Road with its numerous shops, bars and restaurants. Sloane Square underground station (Circle and District Lines) is within a five minute walk of the building and the A4/Cromwell Road is 10 minutes to the north giving access to West London and Heathrow.
The building is currently part tenanted on AST tenancy agreements with terms of no longer than one year.
Draycott Place, Chelsea Residential Property
Monday, 23 November 2009
Currency Market Predicts Kensington Chelsea Property Market
Citywire reports Central London property prices are expected to rise between 20% and 30% over the next three years on historical exchange rate trends, research suggests.
The study, for sector specialist D&G Asset Management, found that out of a series of indicators, currency had the largest pricing correlation to prime London property.
Over the 25 years from 1984 to 2009, central London prices had just 41% correlation to the national Halifax index and 43% correlation to the supply of mortgage credit.
It was 54% correlated to the FTSE 100 – compared to a commercial property measure of 68% – and 52% to the MSCI Global Equity Index.
‘But prime central London (PCL) does have a much closer correlation to sterling,’ said chairman Stephen Yorke. ‘During the period 1999 to 2008 there was a 71% correlation between PCL capital values and sterling’s effective exchange rate.
‘During 1992-94 PCL bounced 30% [following the exit from ERM] in a V-shaped recovery and made up all the losses of the period 1989-92. For history to repeat itself, by March 2011 PCL would need to have risen 26% from the low of March 2009.
‘It has already moved 8% in the second and third quarters of 2009, so that leaves a cumulative rise of 18% in the six quarters remaining to end of March 2011 at an average of 3% per quarter (trend growth for the period 1979-2007 was 2.25% per quarter).’
On historical trend, Yorke said that there was a 70% probability that prices in the London borough of Kensington and Chelsea would rise 18% to 20% by March 2011, and an 80% probability they would do so by the end of 2011.
The study, for sector specialist D&G Asset Management, found that out of a series of indicators, currency had the largest pricing correlation to prime London property.
Over the 25 years from 1984 to 2009, central London prices had just 41% correlation to the national Halifax index and 43% correlation to the supply of mortgage credit.
It was 54% correlated to the FTSE 100 – compared to a commercial property measure of 68% – and 52% to the MSCI Global Equity Index.
‘But prime central London (PCL) does have a much closer correlation to sterling,’ said chairman Stephen Yorke. ‘During the period 1999 to 2008 there was a 71% correlation between PCL capital values and sterling’s effective exchange rate.
‘During 1992-94 PCL bounced 30% [following the exit from ERM] in a V-shaped recovery and made up all the losses of the period 1989-92. For history to repeat itself, by March 2011 PCL would need to have risen 26% from the low of March 2009.
‘It has already moved 8% in the second and third quarters of 2009, so that leaves a cumulative rise of 18% in the six quarters remaining to end of March 2011 at an average of 3% per quarter (trend growth for the period 1979-2007 was 2.25% per quarter).’
On historical trend, Yorke said that there was a 70% probability that prices in the London borough of Kensington and Chelsea would rise 18% to 20% by March 2011, and an 80% probability they would do so by the end of 2011.
Wednesday, 18 November 2009
Chelsea is London Address of Choice For Italians
Chelsea is seeing an unprecedented influx of Italians buying property.
Estate agents say the number of Italian buyers in west London has at least quadrupled since 2007 and accounts for up to 70 per cent of overseas clients, replacing Russians as the most prolific.
A tax amnesty from Italian prime minister Silvio Berlusconi has led to a stampede for addresses in Chelsea, Knightsbridge and South Kensington. In some streets, prices have already risen to pre-credit crunch levels.
This is London
Estate agents say the number of Italian buyers in west London has at least quadrupled since 2007 and accounts for up to 70 per cent of overseas clients, replacing Russians as the most prolific.
A tax amnesty from Italian prime minister Silvio Berlusconi has led to a stampede for addresses in Chelsea, Knightsbridge and South Kensington. In some streets, prices have already risen to pre-credit crunch levels.
This is London
Sunday, 15 November 2009
London Property Recovery
North-south divide returns to haunt the British property market Reports the Independent on Sunday
In London, some estate agents and analysts say that prices have now returned to 2007 levels. The price recovery is being driven by several factors.
Sales are up in the capital thanks to an influx of foreign investors taking advantage of the weak pound, as well as British investors who previously would have played the stock market but are now looking for a less volatile proposition. With more buyers about and a shortage of properties, agents in the capital say the right ingredients are there for prices to rise. Even mortgage finance has been showing signs of easing of late, with many of the largest lenders willing to accept higher loan-to-value ratios than a few months ago.
In London, the South and the South-east, the middle range is also holding firm. These investors are usually older, cash rich and have good access to finance. They are looking for attractive investment prospects, both flats in town centres and larger houses in the suburbs.
But even within London, there are wide differences in market strength. Where the mid to top range is enjoying increased investment, price drops in cheaper areas with smaller and lower-value houses and flats show how the first-time buyer market is still struggling because of restricted finance.
In London, some estate agents and analysts say that prices have now returned to 2007 levels. The price recovery is being driven by several factors.
Sales are up in the capital thanks to an influx of foreign investors taking advantage of the weak pound, as well as British investors who previously would have played the stock market but are now looking for a less volatile proposition. With more buyers about and a shortage of properties, agents in the capital say the right ingredients are there for prices to rise. Even mortgage finance has been showing signs of easing of late, with many of the largest lenders willing to accept higher loan-to-value ratios than a few months ago.
In London, the South and the South-east, the middle range is also holding firm. These investors are usually older, cash rich and have good access to finance. They are looking for attractive investment prospects, both flats in town centres and larger houses in the suburbs.
But even within London, there are wide differences in market strength. Where the mid to top range is enjoying increased investment, price drops in cheaper areas with smaller and lower-value houses and flats show how the first-time buyer market is still struggling because of restricted finance.
Thursday, 5 November 2009
Wednesday, 21 October 2009
Subscribe to:
Posts (Atom)
