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Indians second largest buyers of Central London property

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Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" title="Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg" class="img-responsive" /> Indians spent an average of £1.77 million for a Central London property , slightly higher than the market average of £1.6 million. Photo: Bloomberg Bengaluru: Indians are the second largest buyers of property in central London , accounting for 22% of sales in the year to August, pushing buyers from West Asia to the third slot (at 21%), according to property investment advisory London Central Portfolio ’s (LCP) latest sales audit . South- East Asian buyers took the top spot, accounting for 36% of all purchases. Interestingly, Indians also spent more per house. They accounted for one-third of the total spend, with an average purchase price of £1.77 million, slightly higher tha...

How the Night Tube Is Affecting Property Prices

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Night owls who like to party could be sitting pretty if they own a property near one of London’s night tubes… Words: Fiona Brandhorst Lead image: White City Living by St James Central and Victoria line tubes started running round the clock on Friday and Saturday nights a year ago this month, and according to Savills property prices started to creep up as soon as the night tube idea was mooted. Jubilee, Piccadilly and Northern line night tubes now also traverse the capital north to south, east to west, with more tubes set to go nocturnal by 2021, providing potential growth opportunities for buyers of both new and pre- owned property . ‘Confidence is starting to ripple out to outer markets with those seeking an urban village or suburban lifestyle causing strong price growth in these areas,’ comments Robert McLaughlin , Sales Director at KFH. Its figures showed that the average London property price was £634,891 in Q1 2017. Buyers looking for a home in an ‘urban village’ are likel...

Westminster residential properties are reaching new heights of luxury

[Sponsored Article] London has remained a firm favorite of Hong Kong property buyers all through the UK's difficult financial year , with the struggling pound offering substantial discounts to overseas investors. This interest is partly because of the housing bargains springing up in newly regenerated areas of the British capital, such as Nine Elms and Canary Wharf. However, it's London's famous central boroughs that offer the greatest returns for serious investors, with house prices set to surge over the next few years. Westminster is one such prime location. One of London's most historic and well-connected boroughs, house prices in SW1 are expected to rise by 31.9 percent by 2021 according to Barclays research , making Westminster one of the UK's fastest growing areas . With Westminster real estate already commanding some of the highest prices in London, this increase represents significant profit margins for buy-to-sell investors. Royal living style For m...

Strike London Hotel Gold at Charming, Posh (and Shockingly Affordable) Flemings Mayfair

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Strike London Hotel Gold at Charming, Posh (and Shockingly Affordable ) Flemings Mayfair" />Let's talk about the drawing room. All photos courtesy of Flemings Mayfair. Can it be? A gorgeous, centrally located, family-owned hotel in Central London that's actually affordable? Contributing editor and London regular Christina Ohly strikes hotel gold at Flemings Mayfair. LONDON – Visitors to London are spoiled for choice when it comes to fantastic hotels, so I am always on the lookout for the latest, greatest, newest offering when I return to this city that I consider my second home. I tend to stay in more residential areas — Chelsea, Kensington, Notting Hill — but my latest favorite find is in the heart of Mayfair, tucked away on sweet Half Moon Street . I literally can't stop raving about this hidden gem. Originally opened in 1851, Flemings Mayfair was converted from thirteen adjoining Georgian townhouses , which gives it an intimate, smaller feel than the oth...

What Cities Can Learn From the Victorian Era

The Late Victorian period in the United States—roughly the last third of the 19th century—produced some of the most beautiful neighborhoods in the history of Western civilization . It also produced some of the most hopeless slums. In response to the crisis of industrial cities, the modern discipline of city planning emerged . The tools of this new profession helped clean up many unhealthy aspects of urban industry , but also stifled some of the best innovations of Late Victorian urbanism . By the 1920s, planners in the industrial world had established the legal authority to promulgate land-use regulations, and over the next generation, they succeeded at slowing the construction of slum housing and segregating noxious industries from incompatible activities, such as housing and office space. Through some of the same devices, however, planners curtailed some positive features of 19th- century urbanism , including the rich variety of free- form industrial development and the adaptiv...

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