Chinese and HK investment hits new high in London

The landmark sale of London’s Leadenhall Building – dubbed the Cheesegrater – pushed Chinese investment levels in the UK capital to an all-time high in the opening months of 2017. Hong Kong based developer CC Land’s £1.15 billion acquisition took total Chinese investment volumes in the city in Q1 to an unprecedented high of £2.3 […]

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UK house asking prices hit record average high of £313,000 as property market recovers from Brexit blip

First-time buyers have been particularly active, with average asking prices in this market up 6.5 per cent, Rightmove said. Property asking prices have recovered from a Brexit blip, hitting an all-time high of £313,655 in April after rising 1.1 per cent month-to-month. Property website Rightmove found average asking prices increased £3,547 from March, surpassing the previous […]

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London’s luxury flat boom: sales of £1m apartments treble in a decade as wealthy buyers choose lateral living over grand houses

The number of flats priced over the £1 million mark has grown by 196 per cent in a decade as developers realise “the only way is up” in central London. Sales of £1 million-plus flats in England and Wales have trebled in the past decade as wealthy buyers opt for new-build luxury apartments in desirable central London locations. […]

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IMF ratchets up UK economic growth forecast to 2%

Fund notes stronger-than-expected performance since Brexit vote but warns protectionism may hold back growth  The International Monetary Fund has revised up its UK growth forecast for the second time in three months after admitting that the performance of the economy since the Brexit vote last year had been stronger than expected. In its half-yearly World Economic Outlook, […]

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House prices on the rise despite Brexit fears

The average house in Britain will be worth £220,000 this year – up £9,000 on 2016 levels – as the property shortage continues to drive values higher. New forecasts by the Centre for Economics and Business Research (CEBR) predict a 4.4pc rise in 2017, the lowest level since 2013 and significantly below the increases of […]

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