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Corporate rental market changing to suit expat work patterns

25 June 2014

As companies look to expand their global operations into emerging markets and strengthen their foothold in existing locations, the corporate rental market is changing, especially in major cities. According to the Knight Frank Global Corporate Lettings Review, the average number of employment visas for skilled workers granted in 2013 rose by 12% across the UK, US and Hong Kong as multinational firms look to expand their footprint overseas. This is reflected in a 21% rise in the lets to corporate tenants in New York, with a 7% rise in London and a 16% increase in Hong Kong....

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Property prices down in the last month but substantial year on year growth

23 June 2014

  A surge in supply and fall in the number of new buyers in the London property market is putting the brakes on the city’s residential real estate growth.   The latest monthly housing market monitor from national estate agent firm Haart shows that London has seen supply increase by 9.5% in May compared with April and by 7.2% year on year.   But the number of new buyers coming to the London market fell by 6.1% in May and is down 2.6% year on year.   Nationally new property instructions are...

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House prices rising in Scotland due to lack of supply

16 June 2014

Demand is outstripping supply in the Scottish residential property market with the result being a rise in house prices, says the latest survey from the Royal Institution of Chartered Surveyors (RICS). It points out that a continued lack of properties coming onto the market has failed to stem the tide of prospective home buyers and the supply of new homes coming onto the market has been behind new buyer demand since April 2013. The monthly survey shows a net balance of 31% of chartered surveyors reporting an increase in prices in May. In the month that...

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40 year old law to change to allow London home owners to let short term

10 June 2014

New measures are to be introduced that will end outdated rules from the 1970s preventing London residents from renting out their own homes on a short term basis to visitors. Currently under 40 year old laws dating from the time of the GLC (Greater London Council), Londoners who want to rent out their homes for less than three months technically still have to apply for planning permission from the council, something that doesn’t apply anywhere else in the UK. These provisions caused controversy during the 2012 Olympics, and are irregularly enforced by different London boroughs leading to...

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ScotlandÕs Most Expensive Property

09 June 2014

They say an Englishman’s home is his castle, but who says it has to be in England? Located just three miles from Edinburgh, Craigcrook Castle looks like a home fit for any fairytale. Architecturally Craigcrook sits somewhere between a Loire chateau and Downton Abbey. It is approached through wrought-iron gates and up a sweeping drive. Its towers and battlements look like something from an old-fashioned toy box. Abundant wildlife only adds to the effect. A kestrel hovers above the ramparts, a young deer strolls under a sequoia tree. Rabbits play on the grass near rhododendrons. The list of guests...

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In memory of the D Day landings 70 years ago today

06 June 2014

Our thoughts go out to all the British, American, Canadian and Allied soldiers, airmen and sailors who took part in the D-Day landings 70 years ago today; as well as those who lost their lives from any nationality throughout this event. May their efforts and sacrifice never be forgotten.

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First ever private rental standard scheme launched in London

03 June 2014

The Mayor of London has launched the first ever rental standard, a city wide badge of accreditation, to help millions of Londoners rent with confidence, and to give the city’s 300,000 landlords peace of mind. The London Rental Standard brings together seven landlord accreditation schemes, which will operate under a single framework. The badge will be awarded to all landlords and letting agents who meet a set of significant core commitments set by the Mayor. These outline a minimum level of service that renters should expect including transparent fees, better property conditions, better communication between landlords and tenants,...

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