London is leading the rest of Britain, with inquiries for office space in the capital reaching the highest net balance since the third quarter of 2007.
The biggest rise in confidence has been in the office market followed by the industrial sector, the survey showed.
Monday, 26 October 2009
Friday, 16 October 2009
London holds on as top European City
According to the Estates Gazette, Cushman & Wakefield have reported that London has retained its position as the best city in Europe in which to locate a business for the 20th successive year.
Paris took second place in C&W’s 2009 European Cities Monitor with Frankfurt third.
James Young, C&W’s head of City offices, said that while London had been through a turbulent time since the collapse of Lehman Brothers in 2008, the survey was evidence that it remained Europe’s leading business and financial centre.
He said: “Although office space remains relatively more expensive than in other European capitals, costs have come down considerably this year. Occupiers looking to locate here will find historically low rents, which are likely to remain competitive until well into 2010.”
Ben Everest of LDG said “The results in this survey are replicated in our experiences of the market this year; central London is a popular choice for the international buyer. 44% of all residential sale transactions have been to purchasers based outside of the UK. With 27% of all sales going to non-EU based purchasers. Cash is still king, and a weak pound and low UK interest rate has meant that 67% of all properties sold where bought with cash, with the majority of properties being bought as investments or London bases.
Paris took second place in C&W’s 2009 European Cities Monitor with Frankfurt third.
James Young, C&W’s head of City offices, said that while London had been through a turbulent time since the collapse of Lehman Brothers in 2008, the survey was evidence that it remained Europe’s leading business and financial centre.
He said: “Although office space remains relatively more expensive than in other European capitals, costs have come down considerably this year. Occupiers looking to locate here will find historically low rents, which are likely to remain competitive until well into 2010.”
Ben Everest of LDG said “The results in this survey are replicated in our experiences of the market this year; central London is a popular choice for the international buyer. 44% of all residential sale transactions have been to purchasers based outside of the UK. With 27% of all sales going to non-EU based purchasers. Cash is still king, and a weak pound and low UK interest rate has meant that 67% of all properties sold where bought with cash, with the majority of properties being bought as investments or London bases.
Monday, 12 October 2009
Central London Lettings Agents
LDG have operated as a unique bespoke estate agent tailor-made for selling and letting residential properties in the central nerve of London's West End, for over 20 years.
As Autumn approaches so the need for West End tenants increases. We are aware that the run up to winter is an important time for West End landlords, with the influx of visitors, including students and those employees being transferred from other countries, in special need of a central London place of residency.
Fitzrovia and Bloomsbury are incredibly popular areas for short and long term property lettings, and the huge market demand needs to be taken advantage of. To accommodate this growing need LDG estate agents is presently expanded its Central London property lettings department.
Flats & apartments for sale and to rent in Fitzrovia, Soho, Covent Garden, Bloomsbury and Marylebone
As Autumn approaches so the need for West End tenants increases. We are aware that the run up to winter is an important time for West End landlords, with the influx of visitors, including students and those employees being transferred from other countries, in special need of a central London place of residency.
Fitzrovia and Bloomsbury are incredibly popular areas for short and long term property lettings, and the huge market demand needs to be taken advantage of. To accommodate this growing need LDG estate agents is presently expanded its Central London property lettings department.
Flats & apartments for sale and to rent in Fitzrovia, Soho, Covent Garden, Bloomsbury and Marylebone
Monday, 5 October 2009
Estate Agents Warn Of Decreasing Interest In Property Ownership
The recession has led to thousands of Britons giving up on the dream of owning their own homes, says a survey by the National Association of Estate Agents (NAEA).In some British cities, as many as 30 per cent of adults no longer wish to own property, citing high prices and fears over redundancy as reasons.
The cities with the largest percentage of adults no longer looking to own property are Cardiff (30 per cent), Manchester (27.7 per cent) and Belfast (25 per cent). At the other end of the spectrum, 12.5 per cent of adults in Liverpool, 11.1 per cent in London and 10.3 per cent in Southampton are more optimistic about getting on the property ladder.
The lack of enthusiasm for all things property related is perhaps understandable in light of news showing that mortgage lending conditions are still tight. Bank of England figures released last week show a fall in the number of new mortgages in August, the first drop in 10 months. The bank's quarterly credit conditions survey showed that approvals slipped from 52,404 in July to 52,317 in August. This is about half the level of mortgage loans seen at the height of the property market boom.
The NAEA says that the recession alone cannot be blamed for the pessimism about owning property and that the Government and lenders should shoulder some of the responsibility for the market torpor.
"The Government has so far refused to create a level playing field for house-hunters by reforming stamp duty, a tax on aspiration," says Peter Bolton King, chief executive of the NAEA.
The cities with the largest percentage of adults no longer looking to own property are Cardiff (30 per cent), Manchester (27.7 per cent) and Belfast (25 per cent). At the other end of the spectrum, 12.5 per cent of adults in Liverpool, 11.1 per cent in London and 10.3 per cent in Southampton are more optimistic about getting on the property ladder.
The lack of enthusiasm for all things property related is perhaps understandable in light of news showing that mortgage lending conditions are still tight. Bank of England figures released last week show a fall in the number of new mortgages in August, the first drop in 10 months. The bank's quarterly credit conditions survey showed that approvals slipped from 52,404 in July to 52,317 in August. This is about half the level of mortgage loans seen at the height of the property market boom.
The NAEA says that the recession alone cannot be blamed for the pessimism about owning property and that the Government and lenders should shoulder some of the responsibility for the market torpor.
"The Government has so far refused to create a level playing field for house-hunters by reforming stamp duty, a tax on aspiration," says Peter Bolton King, chief executive of the NAEA.
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