Salient to Investors: Miles Shipside at Rightmove said the continued increase in London prices restricts any recovery in transaction volumes that a healthy market needs. Rightmove said that new sellers in London will raise prices by 3 percent in 2013 versus 6.8 percent in 2012. Shipside said the thaw will be helped
READ MORE... →Salient to Investors: Martin Ellis at Halifax expects continuing broad stability in house prices nationally in 2013 and end the year close to where they begin. Nationwide Building Society says UK house prices may decline modestly in 2013. Blerina Uruci at Barclays expects the subdued trend in 2012 to continue in 2013 and then gradually
READ MORE... →Salient to Investors: askdesigns.com/html_files/ Hometrack said UK house prices will decline 1 percent in 2013 – London will outperform the national market but price growth will slow to 2 percent. Richard Donnell at Hometrack said affordability constraints and a general unwillingness to take on debt will continue to be a drag on the housing market in 2013.
READ MORE... →Salient to Investors: Rightmove said: London home sellers cut asking prices by the most for a December in five years due to an influx of supply and seasonal factors, but prices are up 6.8 percent from a year ago. Average prices in England and Wales fell by the most since January 2002 but
READ MORE... →Salient to Investors: Investors said the S&P lowered outlook for the UK’s credit-rating will have little impact. Stuart Thomson at Ignis Asset Mgmt doesn’t see the downgrade as significant for gilts – a move from AAA to AA+ has lost its impact, if it ever had any, and the impact on default is virtually
READ MORE... →Salient to Investors: CBRE said office space in San Francisco rose the most in the world in the year to September 30 fueled by technology companies. Seattle had the 4th largest rise. Asieh Mansour at CBRE said the U.S. high-tech sector has matured, with new applications for even traditional businesses. Mansour predicts San Francisco’s gains and Asia-Pacific expansion will slow
READ MORE... →Salient to Investors: Adding basements under luxury properties in Central London costs a $500 a square foot to dig, $600 a square foot to fit, and adds $4,000 a square foot to value. Watch the video at http://www.bloomberg.com/video/the-only-way-is-down-a-new-craze-for-luxury-homes-U_TQXO4DQ0CG_5yS5EABlg.html
READ MORE... →Salient to Investors: Asian investors are the biggest buyers of office property in the City of London in 2012. A weak pound, safe haven reputation, and returns that beat financing costs makes London the world’s most attractive city for foreign property investment. Development is slower than demand, prices are 25 percent below 2007
READ MORE... →Salient to Investors: London rents have risen more than 6 percent in the past year to a record despite employment in the financial-services industry at a 20-year low. Lender restricting mortgages to all but the most creditworthy customers has encouraged individual investors and companies to enter the rental market as central
READ MORE... →Salient to Investors: Rightmove said London asking prices in London’s 9 most expensive districts increased 3.4 percent in November versus a fall of 2.6 percent nationally. Miles Shipside at Rightmove said the prime central London property market continues to attract wealthy foreign buyers, especially the City of Westminster, where a Mayfair or Belgravia address is a
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