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: uk
Press Releases
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.
News
Nov 23, 2012 13:00 GMT Jonathan De Mello, CBRE Head of Retail Consultancy, gives his views on 'Black Friday'
Oct 18, 2012 17:35 BST Jonathan De Mello, CBRE Head of Retail Consultancy, gives his response to the government's decision to delay business rate re-evaluation to 2017
Sep 28, 2012 08:00 BST Jonathan De Mello, CBRE Head of Retail Consultancy, gives his views on Quarterly Rents, due on September 29, and the potential impacts on the retail sector.
Blog posts
May 02, 2013 13:59 BST The latest edition of An Economist and A Financier examines the recent performance of listed real estate stocks, and analyses the meaning of the latest GDP and employment figures for commercial real estate supply and demand.
Jan 11, 2013 13:10 GMT In a new blog, CBRE's Dr. Neil Blake and Graham Barnes analyse the latest macroeconomic and capital markets factors that shape and influence commercial real estate markets in the UK, providing two views of one world. The first edition of An Economist & A Financier looks forward into the themes which are likely to shape 2013.
Images
Jun 26, 2012 10:51 BST
Documents
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.
Contacts
Emma Phelan is Vice President in the FTI Strategic Communications practice based in London. She is responsible for the real estate finance team at CBRE. Emma has over seven years experience in the property and professional services sector.
