Category Archives: London Property

A collection of blog posts and news articles about luxury property in London from the award winning property specialists, Home Hunts.

LUXURY PROPERTIES IN LONDON ATTRACT THE RICH & FAMOUS

Whilst London property prices continue to inflate and discourage eager property buyers – who as a result go abroad to get more for their money – the high end properties of Marylebone are causing quite a stir with the rich and famous looking for a UK residence.

London property news

London property news

From the likes of Brad Pitt and Angelina Jolie and their good friend George Clooney to rock legends such as Keith Richards, London is the place to be if you’re after sheer luxury. Continue reading

Where to Live in London Part 1 – the best places

London Property News

Where to Live in London Part 1 – the best places…

Part 1 starts with 5 of the most prestigious and expensive streets to live in London, offering great opportunities for investors and buyers looking at purchasing high class property in London.

Egerton Crescent, Chelsea

Egerton Crescent , white stucco-fronted facade androws of box trees is an ideal London Property investment.

The terrace in the Royal Borough of Kensington and Chelsea in London commands an average house price of  more than £8million pounds.

Living amongst the rich, you can enjoy being a short journey away from the Victoria and Albert Museum and the shops of Knightsbridge.

Where to Live in London Part 1 - the best placesCampden Hill Square, Kensington

Nestled close to Kensington Palace,  in the heart of London’s Holland Park.

This part of London has always had a glamorous reputation, attracting buyers from the business and entertainment world, and more recently from across the world.

Having excellent schools, upmarket shops, close proximity to the capital’s business district and very impressive properties.

Where to Live in London Part 1 - the best placesParkside, Wimbledon

Parkside runs alongside Wimbledon Common of south-west London and well connected for access to Southfields and Putney.

Where to Live in London Part 1 - the best placesBlenheim Crescent, Notting Hill

Prime location in the heart of Notting Hill, with a vast array of shops, cafes, boutiques and restaurants, Notting Hill’s the perfect place to live.

Where to Live in London Part 1 - the best placesLandsdowne Road, Kensington

Offering an array of cafes and restaurants with Holland Park and Notting Hill a short walk away. Lansdowne Road is a lovely tree lined street and offers excellent living and with the Central line easily accessed via Notting Hill and Holland Park tube stations this is a fantastic place to live.

Where to Live in London Part 1 - the best places

Google moves to King’s Cross – London

Google moves to King’s Cross – London

Google will relocate to their new King’s Cross  offices from Victoria and Holborn in 2016.

Google moves to Kings Cross - London

The move  will create thousands of new homes.

The Regent’s Canal and parts of it’s run-down sections of waterfront are being brought back to life,  developers are finding and planning space for homes.

Transformation of railway land at King’s Crossis to  include 1,900 new homes. The plan is that 30,000 people will  work at King’s Cross Central, and around 6,000 will live there.

The aim is for  high-quality architecture with a relatively low number of houses.Housing projects include….

ArtHouse is the first scheme of private homes — 114 flats in a building with a façade of terracotta tiles, polished stainless steel and sliding louvre screens. On the market now are penthouses. The location is superb. The building looks out over Regent’s Canal and Handyside Park with great views across the city. At ArtHouse you are surrounded by galleries, concert halls and museums, and just minutes from the most connected transport hub in London.

Arriving next will be Canal Reach — townhouses and apartments in a block crowned with a sky garden. Coming later are eagerly awaited apartments built within the iconic Victorian gasholder frames. These listed cast-iron structures have been dismantled and put in safe storage pending the start of construction.

The King’s Cross project is the largest area of urban redevelopment in Europe and it will include the largest new street in London.

Here at Homehunts we specialise in London homes for sale within the central London market, including apartments and penthouses, townhouses, new build developments and period homes.

The Battersea Powerstation Development

London Property news – Battersea Power Station

London Property news – Battersea Power Station

The Battersea Powerstation Development

Over 30 years ago Battersea Power Station was decommissioned; the transformation of Battersea Power Station has now begun.

The £6bn Battersea Power Station redevelopment project which started in 2012, is expected to be complete in phases over the next 10 years.

London, 14 January 2013 saw 75% of Phase One properties in Battersea Power Station reserved in the first week in.

“Buyers, from the UK and abroad can foresee the mixed-use nature of the town centre scheme which will provide London with a stunning new community on the banks of the River Thames.”

Park and picnic area by summer 2013

Latest news has stated The Battersea Power Station development will get its own temporary park and picnic area by summer 2013.

The temporary park will be will be open as “much as possible” depending on construction schedules.

The move has been welcomed by residents who have been concerned that the project would impact their areas.

When finished, the riverside walk will be lined with cafes, restaurants and shops.

“The temporary park will be one of the first pieces of new public space created. By the time the regeneration programme is complete the temporary park will have been replaced with an even larger, permanent park which will open up a whole new stretch of the South Bank and created a fantastic network of green space.”

 

 

Investment in London property soars…..

Investment in London property soars.....

International investment into luxury London property reached new heights in 2011 say various luxury property reports across the industry. According to Savills,  international buyers made up 63% of sales and generated a net £1.4 billion inflow of equity in the new build sector. These buyers hailed largely from Hong Kong, China, Singapore and Malaysia.

In terms of prime new build London properties, international buyers were responsible for 88% of sales with Russians and investors from other European countries dominating the market. Savills reported that buyers from Eastern Europe and the Commonwealth of independent States (47%), and the Middle East and Africa (24%) made up almost three-quarters of sales.

Investment in London property soars.....

Buyer’s agent Home Hunts has also become aware of a rise in Russian investment in its luxury London property offerings throughout 2011. “There has been a wave of investment from Russia, while areas such as the French Riviera and Saint-Tropez are still popular with Russian buyers in Europe, we have noticed a gradual increase in investment in prime London properties over the last twelve months,” said Tim Swannie, the director of Home Hunts. “The most popular areas for luxury investment property in London from Russian buyers have been Kensington, Knightsbridge, Belgravia, Chelsea and Mayfair”

The political unrest in Russia ahead of March’s elections is cited as the main reason for increased Russian investment in luxury property for sale in London. Uncertainty surrounding potential political reforms means that the wealthy are choosing to purchase prime London properties as it is considered a stable investment prospect.

Investment in London property soars.....

“Prime London property is one of the best options for investment in our current climate,” said Tim. “People looking for safe investment properties are choosing London – as well as Paris, actually, mainly in the 7th, 8th, 16th and 17th arrondissements – as it offers security that investors, and, currently, Russians in particular, cannot find on home territory at the
moment.”

However, British buyers are also showing that when it comes to asset investment they have confidence in their own market. According to a report from Hamptons International, UK buyers investing in prime London properties peaked in the third quarter of 2011 at 44% of all purchases. But the biggest jump was from the Russians in the last quarter of the year whose purchases increased by over 10% compared with the previous quarter.

Investment in London property soars.....

When taking the whole of the luxury London property market into consideration, British buyers are accounting for just over 40% of sales, says the report from Hamptons, with Russian buyers accounting for 38% of transactions overall.

Adam Challis, the head of research at Hamptons International, said: “The results of our nationality tracker are a fascinating insight into the confidence levels of international buyers. As different regions around the world experience times of economic or political uncertainty, prime London residential property has offered more than just a safe bet – prices grew on average by 13% last year alone.”

Investment in London property soars.....

Luxury London Property Booms in Mayfair, Knightsbridge, Belgravia and Kensington

Luxury London Property Booms in Mayfair, Knightsbridge, Belgravia and Kensington

Despite the worldwide financial crisis causing property development to slow around the world, there are still some areas – such as Paris and London – that are seen as secure investment locations and are attracting an increasing level of investment. “The economic slowdown has certainly not dampened the enthusiasm of the very wealthy buyers,” said Tim Swannie, who runs buyer’s agent Home Hunts with Francois-Xavier de Vial. “In fact it seems to have spurred many on into investing in properties in the right location. London property is very much in demand.”

To meet the desires of clients wishing to purchase in London, Home Hunts has recently launched its buyer’s agent services for luxury London property. So what type of Luxury London property is popular and which locations are the most coveted? “Most buyers are looking for apartments or townhouses in ‘super-prime’ locations in London,” said Swannie. “The investment element is high and so we are focusing on areas that seem to constantly rise and be recession proof, such as Mayfair property and Knightsbridge property. Belgravia and Kensington property is also in demand.”

Buyers, keen to snap up the right property in London to safeguard their wealth are coming from all over the world – and a gap between London property prices and the rest of the UK is growing as a result. With overseas buyers putting billions into the market over the last couple of years existing properties are not on the market for long.

Luxury London Property Booms in Mayfair, Knightsbridge, Belgravia and Kensington

As a result property developments are also in progress in London’s most sought after and “golden postcode” areas, Mayfair, Knightsbridge, Belgravia and Kensington, in a bid to benefit from the stream of investment targeting luxury London property. “For many buyers, leaving their money sitting in the bank gives little return,” said Swannie. “Instead, they feel a property which will certainly increase in value is a much more attractive option than just a set of figures on a monthly statement.”

Luxury London Property Booms in Mayfair, Knightsbridge, Belgravia and Kensington

Mayfair property has long been popular with hedge funds and banks and hosts some of the most exclusive shops, restaurants and hotels in London. According to reports, a restaurant tycoon, now a London property developer, will be redeveloping 20-21 Grosvenor Square into luxury apartments. Another Mayfair property in development is at Audley Square, which should bring a further 20 luxury London properties onto the market as well as a penthouse.

Home to Harrods and Harvey Nichols, as well as the flagship stores of designers such as Prada and Jimmy Choo, Knightsbridge property is very much in demand. Sales at One Hyde Park, one of the most luxurious developments in London, have boomed as a result of investment from Europe and the Middle East.

With a new luxury hotel, the Belgraves, soon to open its doors, Belgravia property is highly desired and offers secure investment opportunities for save haven-seeking property buyers. However, according to reports the price per square foot is set to rocket over the next few years due to a limited number of available luxury Belgravia properties.

Demand for Kensington property continues to increase. The Lancasters in Kensington, on Bayswater Road, is well known for its ultra-prime apartments among affluent investors. Another new development to watch is De Vere Gardens. Following investment from the Middle East, two hotels were demolished to make way for new luxury apartments. According to reports the Kensington property will be finished in 2013.