June 2011
Tuesday, 16 August 2011 10:52
Well after a slow start to May recorded by many a industry, the end certainly finished on a high note for us as were delighted to record our best week in lettings this year. I have noticed an increase in corporate tenants looking, especially those relocating from abroad which I always view as a positive indication for the economy as a whole.
The hasty middle eastern investment influx has eased somewhat now that some political situations have cooled off from their peak in their first quarter but the numbers of visitors in town is I think up on last year and many seem to be staying well into August. The supercars are back in town which is one of my personal favourite indicators of how busy Knightsbridge is going to be!
July 2011Tuesday, 16 August 2011 10:51
‘Demand is soaring for high end, luxury properties. Flicking through some sold prices, the statistics are stunning at just how much prices have gone up in the last few months. Some of the best buildings and roads are jumping by upto £500 per sqft since last year as the shortage for property and the ‘One Hyde Park effect’ resonates around Knightsbridge. As a result developers and investors are forecasting much bigger prices on resales and have no choice but to compete with end users if they want to stay on the circuit. We have barely agreed anything below the asking price in ages.
If I had a pound from everyone who has asked me in the last month for a short let in July I could retire on it! I’d then buy a short let building and live off the profits. Will someone please buy some more licenced short let blocks!!! August 2011Tuesday, 16 August 2011 10:49
August will undoubtedly be an unusual month compared with past summers as the locals take their summer holidays and the Muslim community retreat for Ramadan at the same time. July didn’t see as many visitors in Knightsbridge as in recent years, despite retail starting their sales early, although thank you to those who did bring their supercars into town, much appreciated! There may be fewer in town than expected but it certainly is not putting off the real buyers. Buyers registering are serious and solid, constantly fuelling the price spirals we are seeing so evidently. The momentum in rentals has already started for the busy end of summertime rush prior to the new academic year with families and students alike, under pressure to move |
