May 13, 2013 16:00 BST CBRE today publishes research which reveals that the value of penthouses currently being sold in London now exceeds £1bn. The report, `Penthouse London: paying a premium for perfection’, is CBRE’s first in-depth study of the London penthouse market, which has soared in value since the prime residential market began to recover from the global property crash.
Tag: residential
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Apr 30, 2013 11:24 BST Appetite for buying land among house builders, property companies and PLCs alike has increased so far this year, as housing market activity remains positive, new analysis from CBRE reveals.
Apr 23, 2013 10:55 BST Developers are capitalising on London’s recent growth in high value residential sales. Following years of undersupply of new homes, there were 6,548 units in Central London awaiting consent in Q1 2013, compared with 3,023 units in Q4 2012 – a 116 per cent increase in the space of three months. This still leaves London far short of the Mayor’s target of producing 20,000 new homes a year.
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May 13, 2013 15:41 BST The appetite for trophy properties in London has never been more intense, and the pinnacle of prime property is undoubtedly the penthouse. The prime residential market in London continues to outperform most other asset classes, as stock remains limited, and demand unrelenting, and this is only heightened in the penthouse market.
Apr 30, 2013 11:18 BST There seems to be a sense of optimism surrounding the market this spring. Market activity has remained positive in the first quarter of this year. This reflects improvements in the funding market coupled with the incremental benefits of a range of Government housing initiatives, including the Funding for Lending Scheme.
Apr 23, 2013 10:52 BST The prime residential market has had a positive start to the year; sales are up, particularly on £sm-plus properties in London, absorption rates of new-build stock are now at an all-time high.
