Prime central London boroughs saw the lowest volume of residential sales ever recorded during 2020, analysis of HM Land Registry figures has shown. London Central Portfolio (LCP) found that just 2,936 home sales took place in the City of Westminster and the Royal Borough of Kensington and Chelsea last year -
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WASHINGTON, D.C. - Apr. 28, 2021 - JLL Capital Markets announced today that Bill Gribbin has joined the firm as a Director in the company s Washington, D.C. office. Bill joins the existing team led by Walter Coker, Brian Crivella and Robert Jenkins and will focus on multi-housing investment sales advisory and equity placement transactions in the Greater Washington, D.C. area. Mr. Gribbin has more than seven years of commercial real estate and multi-housing experience and most recently worked as a Director at MAC Realty Advisors, LLC. Prior to that, he worked as an analyst at Sheridan Property Company, LLC, evaluating planned and stabilized boutique multi-housing assets within Washington, DC. He holds a Master of Professional Studies in Real Estate Finance from Georgetown University and a Bachelor of Arts degree from University of Maryland, where he also played Division I Lacrosse.
The two main political parties are trying to explain why the country is paying tens of millions of dollars to buy back half its stake in a new port terminal taken away on the sly, The Ghana Ports and Harbours Authority chairman Peter Mac Manu, a former national chairman of the ruling New Patriotic Party (NPP), insists he worked relentlessly to improve the contract between Tema Port and France s Bolloré although a secret Ministerial Report labelled its terms gravely detrimental to Ghana s interests.
London homes snapped up by Hong Kong buyers quadruples
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Instead of looking for a new investment opportunity, many are now simply looking for a home following political unrest.
The number of London homes being bought by Hong Kong buyers has quadrupled since the UK’s visa scheme has allowed many to relocate.
Hong Kong buyers now account for four per cent of transactions in the capital, up from one per cent, according to client data from property firm Benham and Reeves.
Since the British National Overseas visa opened its doors to applications in January, around 300,000 Hong Kong residents are expected to make use of the visa over the next five years.
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th April 2021 11:58 am
London’s prime housing market shows “early signs of a recovery” as young professionals take up properties as the UK vaccine roll-out continues, says property agent London Central Portfolio.
Marylebone and Pimlico were the “hotspots” in the first three months of the year with over half of new applicants wanting to move to these areas, says the firm in its quarterly survey.
The agent, which manages about £715m of central London properties, says quarterly renewals were 4.3% down, re-lets were 13% lower, compared to the same period a year ago. It adds the average void period was 63.6 days.
The agent adds the time taken to let a vacant property in the first quarter of the year fell to its “lowest level since March 2020 prior to the first UK lockdown. The void period between tenancies remains above London Central Portfolio’s historic average, however, the recent decrease indicates a return of activity in the rental market despite challenging