The amount of investments in the project will approximately make up 130 million pounds ($260 million). This is quite enough to construct a 200 apartment residential complex with the area of 50 to 100 thousand square meters.
Hammersmith is known as a district of business-class residences. The most popular apartments in Hammersmith are sold at 340 thousand pounds, while the average price on a one–bedroom apartment is 450 thousand pounds.
Friday, December 28, 2007
Saturday, December 22, 2007
London's high home prices take mortgage crisis hit
LONDON — Once upon a time, a former storage room the size of a walk-in closet went on the market in London's exclusive Knightsbridge neighborhood for $335,000. With only 77 square feet and no electricity, the dilapidated "home" drew multiple offers.
Those were the heady days of a year ago, when property sellers and their agents could pretty much name their price.
But now, home prices are slumping and fears of a recession in Britain next year are rising.
Those were the heady days of a year ago, when property sellers and their agents could pretty much name their price.
But now, home prices are slumping and fears of a recession in Britain next year are rising.
Saturday, December 15, 2007
Old regions offer best real estate returns
Property investors looking for the next exciting far-flung part of the world should perhaps search instead in more traditional markets.
Some professional investors see value in Britain, following the torrid past few months.
“The best value is in the UK at the moment,” says Rob Randall, head of property at Matrix Group, investment manager. “Of course, emerging markets have been doing well, but for real value you can’t argue with UK real estate investment trusts trading at 40 per cent discounts to net asset value.”
Some professional investors see value in Britain, following the torrid past few months.
“The best value is in the UK at the moment,” says Rob Randall, head of property at Matrix Group, investment manager. “Of course, emerging markets have been doing well, but for real value you can’t argue with UK real estate investment trusts trading at 40 per cent discounts to net asset value.”
Saturday, December 8, 2007
Dubai may offload London real estate
The Dubai government, which owns about £10bn in real estate around the world, is considering selling properties in London just as UK institutions are struggling to offload assets to meet investor outflows.
Through its Dubai World investment vehicle, the Gulf state plans to rebalance its portfolio to help stave off the effects of the sub-prime crisis. Its chief investment officer, Yu Lai Boon said: "We are too heavily weighted in the US and Europe. We want to balance the portfolio slightly more towards Asia."
Through its Dubai World investment vehicle, the Gulf state plans to rebalance its portfolio to help stave off the effects of the sub-prime crisis. Its chief investment officer, Yu Lai Boon said: "We are too heavily weighted in the US and Europe. We want to balance the portfolio slightly more towards Asia."
Saturday, December 1, 2007
Biggest drop in house prices for 12 years points to cooling market
UK house prices tumbled in November at their sharpest rate for more than 12 years, figures from a leading mortgage lender showed yesterday, in yet another sign that higher interest rates and the credit squeeze are taking the steam out of Britain's housing boom.
The figures raised expectations among analysts that the Bank of England may cut interest rates when it meets next week, bringing some much-needed relief for first-time buyers.
The figures raised expectations among analysts that the Bank of England may cut interest rates when it meets next week, bringing some much-needed relief for first-time buyers.
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