Tag Archives: UK Property

House prices show first annual gain in 16 months: Rightmove

Posted on 20 Oct 2009 | Comments Off on House prices show first annual gain in 16 months: Rightmove

The property website said London led October’s gains

Asking prices for homes in England and Wales rose on an annual basis for the first in more than a year in October, property website Rightmove said yesterday, buoyed by a dearth of properties coming onto the market.

Asking prices rose 0.2 per cent on the year – the first annual rise since June 2008 – taking them to an average £230,184.

On the month, asking prices rose 2.8 per cent, the biggest increase since February 2008 and the largest for a month of October in six years, Rightmove said.

Other recent surveys have also shown house prices are rising again on a monthly basis, but the trend has mostly been driven by a lack of supply as homeowners prefer to sit out the downturn rather than accept a lower price for their property. Continue reading →

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London project offered to Asian investors

Posted on 20 Oct 2009 | Comments Off on London project offered to Asian investors

CENTRAL London developer Native Land is previewing its NEO Bankside in Asia, claiming this is the first time Asian buyers and investors have been offered preferential access to a prime central London development.

Asian investors will get first bite at 197 units, priced from £1,000-£1,500 per sq ft. The entry level price for a two-bedroom unit approaches £1 million.

Located next to the Tate Modern gallery on the South Bank of the River Thames, NEO Bankside is a 50-50 joint venture by Native Land and Grosvenor, the Duke of Westminster’s privately owned property group. The project is Grosvenor’s first residential venture in London.

‘Asia represents an important and growing market for Native Land,’ said the latter’s chief executive Alasdair Nicholls. ‘Our team has a long history of co-development with Asian investors and developers. Continue reading →

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