26 July 2017
High-end developers report increased interest, particularly, for Chinese buyers in London’s very priciest properties in flagship spots like Mayfair and Knightsbridge. Over the longer term, the high concentration of foreign buyers at London’s centre will be one important support for prices.
Moody’s, the rating agency, estimates that nearly half of London sales of more than £1 million (US$1.29 million) are to foreign nationals. Central London agents estimate the proportion in the most desirable spots – Mayfair, Belgravia, Kensington and the rest – closer to 70 per cent. Most of these buyers – 78 per cent according to a recent report – come from...Read More
10 July 2017
House prices across the UK last month increased at the lowest year-on-year rate seen in more than four years, according to the latest Halifax index.
The annual rise recorded in June stood at 2.6 per cent – the lowest since May 2013 and about a quarter of the double-digit rate seen in the spring of last year. On a monthly basis, prices declined by one per cent between May and June, bring the average price across the country to £218,390.
Martin Ellis, Halifax housing economist, said, “House prices have flattened over the past three months. Although employment...Read More
06 July 2017
Last year’s referendum decision to leave the EU has not deterred foreign investment in UK tech companies, according to a new study from London & Partners, London’s promotional agency.
Since the Brexit vote, British tech companies have received more venture capital (VC) investment than any other country in Europe, according to a new report from London & Partners, the Mayor of London’s promotional agency, with record levels of investment in the first half 2017 helping London maintain its position as Europe’s leading technology hub for global investors. London tech has attracted more investment than ever in the past six months
The report said...Read More