London Olympics price boost falls short in the East End

July 28, 2011 Leave a comment

London Olympics property price boost failureLondon’s East End residents and homeowners  have officially not greatly benefited from the London Olympics in terms of increased property value and conditions.

Since the announcement of the London Olympics, property value in the areas surrounding the London Olympic site have increased by 28% from £208,148 to £266,730. The is an average increase of £60,000.

Lloyds TSB research in 145 areas of London have concluded that a total seven areas in the close proximity of the Olympic site, including East Ham and Plaistow have seen a growth of 8% since July 2005. Likewise Stratford being the focal point of the Olympic project has seen a 13% rise in property prices. This is less than half of the average East End price increase. Read more of this post

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Will and Kate decorating Kensington Palace

July 26, 2011 1 Comment

Kensington Palace where Kate improved the interior designThe newlyweds Prince William and Duchess Kate recently moved to Kensington Palace Cottage in London, their new residence that needed some royal interior improvements, according to Kate.

Being used to a contemporary and calming surroundings, the Palace needed some upgrades to eliminate some of the fusty, moist overall odor. While William was just going with what his wife sought, Kate incorporated her style in the new house. To get rid of the old smell, the Duchess ordered air fresheners and candles designed by Kelly Hoppen.These decorative elements are worth $1458 and will last for about six month until used up. To create an even more stylish atmosphere, Kate also used some well placed pillows and gave the whole home a personal touch. Read more of this post

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July house prices fall according to UK property website Rightmove

July 21, 2011 Leave a comment

House price fall in JulyHouse prices have officially fallen in the UK property market, stated  UKs leading property website Rightmove. Releasing their monthly report, Rightmove has confirmed that in the monthly period of July house prices  have significantly decreased by 1, 6%. This is the first time Rightmove has stated that property prices have officially decreased in the year 2011.

With a rise of competition in the period of June and July, house prices have decreased and jolted the constant rise in property prices evident in the previous six months. Current average property prices stand at 236,597, which is the result of an gradual increase in property prices in June of 0,6% and 8,1% in the first six months of 2011.

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Self-built community in Bristol

July 19, 2011 Leave a comment

Self-build eco houses in Ashley Vale, BristolThe self-built community of Ashley Vale in Bristol consists of around 40 different houses. The homes include four semi detached and terraced houses surrounded by fourteen detached houses. One of the old existing buildings was converted into a number of studio flats, apartments and a community centre including work units.

The buildings are all environmentally freindly and while some were constructed by the inhabitants, others were put up by constructers and then self finished.

The eco-houses were built on a 2.1 acre site north of central Bristol. These DIY-homes in Ashley Vale are a wonderful and inspiring example of not only an exemplary green commitment, but also of a great story of people working together to achieve something. Read more of this post

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Most expensive mansion in the UK cannot be sold

July 14, 2011 Leave a comment

Most expensive mansion surrounded by flowersThe most expensive £70 million mansion in Britain is still empty after six years on the property market.

The million Updown Court mansion has in spite of its huge 50,000 sq ft surface, been unable to sell after being six years on the property market. The property features make the house sound like a must buy, having 27 bathrooms, 58 acres of picturesque garden, bowling alley, indoor swimming pools, 250 tons of Italian marble and an underground state of the art squash court.

The UK £70 million priced mansion has nonetheless had its fair share of history with a variety of clientele. The Updown Court mansion was initially acquired by Prince Sami Gayed of Egypt in 1977 but was neglected and abandoned after a storm damaged part of the property in 1987. After being left empty for a couple of years, a billionaire engineer and property developer named Anthony Pearce bought the property and transformed it into an Arab themed mansion. Read more of this post

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Commercial property getting more expensive in London

July 12, 2011 Leave a comment

Commercial property getting more expensive in LondonA positive evaluation regarding commercial property prices stated by Hugh Best head of investment management of the London Central Portfolio that over the next few years, they expect the value of commercial properties to continue gradually rising.

London’s commercial property market has had an increasing number of high end buyers that have started investing in business property.

Forecasting that prices are planned to continue steadily rise, Hugh Best forecasts that commercial property in London will return to its long-term level by not later than 2017. Read more of this post

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Housing demand and confidence increases prices at £70 a day

July 7, 2011 Leave a comment

Housing demand and confidence in the British property market has had recent profound impact in raising average house prices up £70 a day in the last monthly quarter. Property analysts anticipate that this will conclude the long lasting debate concerning the housing slump.

Housing demand and confidence increases prices at £70 a dayBritish bank Halifax recently published figures showing the gradual rise in average property prices in periods May to June. In June prices stood at £163,049 which represented an increase of 1.2% on May.

Further statements given by Halifax’s housing economist Martin Ellis show that “Low interest rates, an increase in the number of people in employment and some tightening in market conditions earlier in the year are likely to have been the main factors behind the recent improvement” Read more of this post

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Retail property frauder backed behind bars

July 5, 2011 Leave a comment

retail property frauder backed behind barsShaun Kiely the retail property merchant was jailed yesterday for three years and disqualified from directory positions for seven years due to defrauding seven investors in financial agreements reaching £1.3 million.

The accused was found guilty at Preston Crown Court in May 2011 on charges of obtaining illegitimate money transfers by deception and false accounting.

Using misleading accounts, Kiely attempted to portray his property business Sky Properties (Northern) and S-Mart Stores, a small retail outlet chain all over the UK, as being financially prosperous.

The companies relied on the inflated accounts, whereby seven investors purchased freeholds at auction that were bought by Kiely before and throughout the year 2005, to create 20-year leases for the properties of S-Mart. More than 50 commercial retail properties across the UK were purchased to obtain retail outlets leases. Read more of this post

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