Breaking News
Oops: haart Estate Agents’ confuses Purplebricks with Emoov
Following the recent decline in to administration of Emoov, a city estate agent got things that little bit wrong by advising a Nottingham homeowner that the online agency in charge of selling their property was about to go bust. In fact the homeowner was using Purplebricks and we all know that recently it was Emoov…
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Sir Michael Caine’s £3.75 million property in Surrey Hills for sale
Strutt and Parker have the pleasure to be offering this magnificent 8.1 acre estate in the rural outskirts of Leatherhead – A unique and substantial property set in an elevated position with wonderful views of the Surrey Hills. The property belongs to movie star Michael Caine and his wife Shakira and boasts such extras as separate 2…
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Northern Ireland defy ‘Brexit blamed’ slow down of house prices
With widespread negative news across many parts of England, Northern Ireland is throwing a spanner in the works with reports of a pick-up and price growth. Nationwide were quoted as saying the Northern Ireland property increased by 5.8 per cent last year compared to poorer performance in the UK at just 0.5%. Average house prices…
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UK Property Group Chelsfield Asia acquire Singapore office building
Chelsfield Asia: “Its objective is to create a portfolio of high-quality assets for medium-term capital and income growth and to generate attractive risk-adjusted returns for its investors. In line with the rest of Chelsfield’s international portfolio, the focus is on delivering high-quality, innovative and design-led asset management solutions.” A recent acquisition by Asset Management (Singapore-based…
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LendInvest post record lending figures
LendInvest 2018 annual report can be seen here. Recent news shows that LendInvest (founded 2008) has totalled £1.7 billion in lending to property investors and developers since its formation with a record December showing £83m lent in total. “Our platform makes it possible, for the first time, for all types of investors – from individuals…
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180 year old Estate Agent ‘Flick & Son’ under new ownership
“Flick & Son began life in 1833, making it one of the longest established estate agencies in Suffolk.” Flick and Son Estate Agents Flick and Son have four offices across the South-East of England and focus on property of Suffolk’s Heritage Coastline and throughout the towns, villages and countryside of East and North Suffolk. A…
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UK Property Prices awash with Negative Headlines
“property market fell for second year running in 2018” Homes & Property “House price growth slumps to weakest in nearly six years” This is Money “UK house prices fall 0.7% as growth slows to weakest in five years” Independent “House prices tumble as property confidence “smashed to smithereens“” Daily Mirror “December brought chill to UK property…
Christopher Walkey
Buccleuch Property secure multi £million office building in London
The Luma Building in London is said to have been acquired by the Scottish property development and investment business Buccleuch Property (founded 2003) as a joint venture alongside UK property specialists / asset managers Wrenbridge. The office building Luma sits on 330 Clapham Road, SW9 and provides 25,000 square feet of office accommodation over seven floors.
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UK house price growth slowed noticeably as 2018 drew to aclose according to Nationwide
Latest Nationwide House Price Index report – December 2018 reveals that house price growth slows to just 0.5% in 2018, down from 2.6% in 2017. Annual house price growth slows to its weakest pace since February 2013 with outer Metropolitan and London regions both recording small house price declines in 2018 according to Nationwide. Commenting on…
Allen Walkey
Gambling Commission deems House Lottery not legal
If you consider that your chances of winning the lottery is in fact 1 in 45,057,474 and striking it lucky by getting five numbers plus the bonus ball is 1 in 7,509,579. A recent chance to win what for many will be their most expensive and prized asset, their home, gave people a chance of only 1 in 50,000…
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Council allows modular homes so to ease housing problems
I am sure that some of you will have heard of the poor housing situation in mass population countries that we have such as Hong Kong’s metal cage and coffin style housing for many residents. There are now though many both economical and environmental friendly solutions to housing across the world, recent investigations I made…
Christopher Walkey
Fusion Students sells off portfolio of Property sites
A deal worth in the region of £230 million sees Fusion Students (UK University accommodation developer) releasing it portfolio of sites to a joint venture purchase by Arlington Advisors and Equitix. Locations include Newcastle, Bristol and Cardiff and will see a gross income over over £15 million annually. News story first seen on the East…
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Some positive property news – £10 million + sales up
With Brexit being blamed for everything from the price of sandwiches to a slump in property prices, it is good to see some figures from London bucking this trend. 2018 saw a 50% increase in the higher end of the property market sales of homes of £10 million and over. It is not an overly…
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UBS hold 9.37% stake within Foxtons Group PLC
One of the UK’s biggest estate agency names, Foxtons Group PLC, reported that UBS Group AG now holds a stake of 9.37% following a deal done on Monday last week. Foxtons Group PLC who are on the London Stock Exchange are currently trading down at 52.60 GBX −0.60 (-1.13%)
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Liverpool based firm of property developers are banned
A total of six directors are said to have been banned from running businesses following a misleading of 300 customers who went on to invest £12 million in to residential developments across Bradford and Greater Manchester. Absolute Living Developments Limited pitched key development sites to investors with a theme of turning commercial buildings in to…
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