Kensington Flats & Houses For Sale & Rent

Thirty Cities get Half of Global Property Dollars

noreply@blogger.com (London Estate Agents) — Thu, 26 Jan 2012 10:50:00 +0000

Knightsbridge Flats & Houses For Sale & Rent: Thirty Cities get Half of Global Property Dollars: More than half the recent global investment in commercial real estate found a home in just 30 cities with a quarter spent in London , Tokyo,...

Mews Apartment for Rent, Adam and Eve Mews, W8

noreply@blogger.com (London Estate Agents) — Thu, 19 Jan 2012 16:49:00 +0000

Adam & Eve Mews, Kensington, London, W8

A stunning two bedroom luxury apartment located within close proximity to Kensington High Street, comprising reception room with adjoining balcony, well appointed fitted kitchen with a full array of appliances, master bedroom with ensuite shower, double bedroom, further tiled bathroom with wc, available from 14th February, unfurnished / part furnished.

London Mews Apartment for Rent, London W8

Kensington Property Millionaires

noreply@blogger.com (London Estate Agents) — Tue, 17 Jan 2012 13:23:00 +0000

This year has seen the number of property millionaires rise by 26,744.

According to online valuation service Zoopla.co.uk, luxury properties have continued to rise in value and there are now more people owning homes worth £1 million or more than ever.

The rise means that effectively 73 new property millionaires have been created each day in 2011.

In total there are now 253,118 homes valued at more than £1 million in the UK and the largest rise property millionaires came in London, where the number grew by 18 per cent over the past 12 months.

London is also where nine of the top ten millionaire districts in Britain are located. Kensington has the highest proportion with 56 per cent of all homes being worth more than £1 million.

Nick Leeming of Zoopla.co.uk said: "This data shows clearly how differently the top end of the market is performing from mainstream Britain."

The Knight Frank Prime London Sales Index showed that prime London property rose in value by 13 per cent in 2011.

London property Market News

Chelsea and Kensington house UK's most expensive streets

noreply@blogger.com (London Estate Agents) — Wed, 04 Jan 2012 09:12:00 +0000

London property prices have cemented their position as the highest in the country, with Kensington and Chelsea holding six of the top ten most expensive streets.

Campden Hill Square, just around the corner from Kensington Palace, was named as the most expensive street in the UK, with an average price of £4,863,000, according to Lloyds TSB research.

Drayton Gardens, Dawson Place, Duchess of Bedfords Walk, Cadogan Square and Bramerton Street, all in the borough, also make the top ten.

Suren Thiru, economist at Lloyds TSB, said: "The area clearly has its attractions with excellent schools, upmarket shops, close proximity to the capital's business district and impressive properties."

Completing the top ten were Parkside, Hamilton Terrace, Cedar Park Gardens and Hampstead Lane, all within Greater London, reflecting the higher property prices seen in the capital.

"Outside London, the areas with the most expensive streets are generally located well away from central areas, where buyers are typically attracted by larger properties and more green space," Mr Thiru added.

The average house price in the UK now stands at £241,461, according to figures from the Land Registry of England and Wales and the Scottish Executive Agency.

London Property News

American Airlines Kensington Property to go on the Market

noreply@blogger.com (London Estate Agents) — Fri, 16 Dec 2011 16:03:00 +0000

Prowling through the bankruptcy papers filed by American Airlines last month makes for an interesting read, especially when you get to the bit about the company owning a five-bedroom town house in one of London’s most exclusive districts.

It sits in Cottesmore Gardens, one of Britain’s most expensive addresses, in the heart of ritzy Kensington neighborhood.

Property firm Zoopla puts the average price for homes in the area at £6.6 million ($10.2 million).

It was bought back in the 1990s, when the company didn’t have $30 billion of liabilities to its name.

It is an awkward revelation to come out of the firm’s Chapter 11 filing. The Transport Workers Union of America, already incensed that the airline filed for bankruptcy despite “sitting on $4.1 billion in cash,” sees it as an unnecessary luxury in these trying economic times.

The company said it would review its ownership of the house and its other real estate as part of its Chapter 11 reorganization.

Blogs Marketwatch

Q Park Central West End Parking for Night Workers

noreply@blogger.com (London Estate Agents) — Wed, 14 Dec 2011 16:29:00 +0000

Westminster City Council’s parking team have been listening to the concerns of night workers and is pleased to announce a deal from Q-Park to make safe and secure parking available in the West End for only £2 per hour from 6.30pm to 7am and all night between these hours for £8.

There are currently 1000 spaces in the West End available in Q-Park’s central west end car parks every night, and a key part of Westminster’s forthcoming parking policy changes is to move traffic off the streets, easing congestion and helping traffic flow.

The goal is to ensure that Westminster remains a clean, safe and vibrant place to live.

Cllr Lee Rowley, cabinet member for transport and parking, said: “London is a global 24-hour city and is as busy at 10pm as it is at 10am. Having safe, secure and affordable parking for everyone is a key element in changing our parking policies.

“Using casino workers as an example of the night workers we have been keen to engage with, they can get to a safe car park within a five minute walk of work and, if parked all night, they could do so for 64p an hour.

“The council has worked hard in ensuring initiatives like this go ahead and we will continue to listen to the needs of residents and businesses as the changes come in.”
After working with Westminster City Council, Q-Park will be introducing new reduced parking tariffs on 9th January 2012 where evening visitors and workers in the West End can park for only £2 per hour from 6.30pm to 7am and all night between these hours for just £8 in Q-Park car parks at Soho, Oxford Street and Trafalgar Sq. This works out at 64p per hour for a whole night’s parking.

The company is also set to announce further discounts on Sundays for church goers.
New controls in Zone E and G begin on January 9, 2012 and include parking controls being introduced in the evenings from 6.30pm until midnight and on Sundays from 1pm until 6pm.

Click here for more details

Cordea Savills Launch London Residential Property ...

noreply@blogger.com (London Estate Agents) — Tue, 29 Nov 2011 12:26:00 +0000

Knightsbridge Flats & Houses For Sale & Rent: Cordea Savills Launch London Residential Property ...: Reuters reports that Cordea Savills, the fund management arm of British real estate consultancy Savills PLC, has launched a 150 million pou...

Kensington Apartments News; William And Kate To Move into Kensington Palace

noreply@blogger.com (London Estate Agents) — Tue, 08 Nov 2011 10:04:00 +0000

Kensington Palace is to become the new home of Prince William and the Duchess of Cambridge.

The couple will trade-in their rented two bedroom cottage in Wales for a 4-storey, 20 room apartment in the Palace that was formerly the home of Princess Margaret and the home in which Prince William was raised.

The Palace apartment is currently undergoing extensive renovations in preparation for the Duke and Duchess' move to London from Wales in 2013.

Free wi-fi in Kensington Planned, Courtesy of Nokia

noreply@blogger.com (London Estate Agents) — Thu, 03 Nov 2011 12:04:00 +0000

Nokia has set up 26 hotspots to support the service and these are largely concentrated around West End shopping areas. Victoria, Marylebone and Westminster will also get access points. The firm said people would not need to register or sign in to use the wi-fi.

From today until the end of 2011, the public will be able to use the high-speed service in certain parts of the city courtesy of the phone firm.If the two-month trial is deemed a success, the Finnish company plans to turn it into a fully fledged free wi-fi service early in 2012.

The initiative is one of many that will eventually see London dotted with hotspots offering free net browsing.

Free wi-fi is widely already widely available in London but it tends to be via solitary access points in shops and hotels. In addition some ISPs, such as BT, give their subscribers free wi-fi via their own-brand wireless services.

The fragmented nature of existing services has led the Greater London Council to encourage boroughs to set up free wi-fi along the busiest streets. Projects for wi-fi in Westminster, Kensington & Chelsea as well as Hammersmith & Fulham and other regions are believed to be in the closing stages of negotiation.

There are also ongoing talks to put wi-fi on London tube stations so passengers can browse the web while they wait for a train.

There is also a plan to provide free wi-fi in and around London for the 2012 Olympics to help visitors and tourists find their way around and to make it easier for the sights and sounds of the games to be shared.

BBC NEWS

Nigerians Spend £87 million on top London properties

noreply@blogger.com (London Estate Agents) — Wed, 02 Nov 2011 09:23:00 +0000

Nigerians bought £87 million worth of UK million-pound properties in 2010, according to a research report published by Hawker Beechcraft Corporation, HBC, a world- leading manufacturer of business, special mission and trainer aircraft.

The report indicates that the total value of the purchase represents about 29 percent of the total purchased by Africans who spent a whooping N73.2 billion (305.2 million UK pounds).

The total estimates spent by overseas buyers according to the report was put at N900 billion (3.75 billion UK pound) for the million pound London properties, which is over 50 percent of million-pound property sales in London coming from non-UK nationals.

The report comes amid wide spread discontent on the pace of housing development in the country and the recent down turn in the nation’s housing sector with most property value nose diving following pervading credit crunch.

Analysts say the huge London million-pound property investment by Nigerians reflect capital flight which became obvious at the wake of uncertainties in the financial system, with investors seeking safe haven for their money.

HBC believes that the large number of foreign buyers of prime property in London has contributed to an increase in business flights to some of the region’s main business airports.

Indeed, its analysis reveals that between January and September this year the number of business flights to Biggin Hill, London City and Farnborough have increased by 46 percent, 38 percent and 34 percent respectively.

In terms of the largest number of foreign buyers in the capital by country, Russian nationals top the league having acquired an estimated 266 prime properties worth around £429 million last year.

On a regional level, Europeans (excluding UK nationals) accounted for around £1.57 billion of million-pound property purchases in London last year – some 974 properties. This was followed by nationals from Asia Pacific and the Middle East , with 640 and 298 properties purchased respectively. Africans purchased a total of 189 properties.

Sean McGeough, HBC president, Europe, Middle East and Africa, said, “As one of the most desirable cities in the world, it’s no surprise that London ’s property market is attracting a large number of overseas buyers. Given that many of these individuals lead busy lives and often travel a huge amount, this helps explain the rise in flights to London ’s business airports.”

Businessdayonline

Central London Garden Squares the Property of Choice in Gulf States

noreply@blogger.com (London Estate Agents) — Fri, 07 Oct 2011 09:03:00 +0000

Garden squares are one of London's defining neighbourhood features, especially in Central London, reports Gulf News.

Garden squares are one of London's defining neighbourhood features, especially in Central London. The layout of the Georgian and Victorian squares has made a lasting contribution to the quality of life in London.

Their presence, combined with the quality and design of the residential properties that were developed around them at the time, has since proven that high-density (by today's standards) developments can also achieve high property values.

There are some 600 squares in London and a sixth of these are located in the Royal Borough of Kensington and Chelsea. Residential properties overlooking a garden square, especially a private one with shared access for the local residents, are known to attract premiums pushing values even higher in areas already at the top end of the London market.

Last year, the level of premiums achieved for flats sold in these squares compared to surrounding properties averaged 50 per cent, with Cleveland Square (Bayswater's premier square, where some properties have direct access to the communal gardens) attracting the highest premium of 62 per cent. With current sales in these squares well exceeding last year's prices, the premium commanded by property for sale in these enclaves looks set to rise further.

Kensington and Chelsea Council Will Fine for Olymp...

noreply@blogger.com (London Estate Agents) — Thu, 29 Sep 2011 12:30:00 +0000

Kensington Flats & Houses For Sale & Rent: Kensington and Chelsea Council Will Fine for Olymp...: BBC London asked every council in the capital for details of what its policies were concerning short term lets. Some 27 London boroughs said they had no problem with properties being let...

Kensington and Chelsea Council Will Fine for Olympic Short Term Lets

noreply@blogger.com (London Estate Agents) — Thu, 29 Sep 2011 12:23:00 +0000

BBC London asked every council in the capital for details of what its policies were concerning short term lets.

Some 27 London boroughs said they had no problem with properties being let for short periods and this did not require any planning permission.

But Southwark, Tower Hamlets, Islington, Kensington and Chelsea, Westminster and Camden warned people who let properties for short periods without planning permission could be served with enforcement notices.

In some cases they could receive fines of up to £20,000 if they were deemed to be repeat offenders.

Chief executive of the National Association of Estate Agents, Peter Bolton King, said: "The problem here is a lack of a level playing field which means regulations are not being policed in the same way across London.

"I think it's time for a review and to look at whether this is working or not."

South Kensington Apartment for Rent

noreply@blogger.com (London Estate Agents) — Fri, 23 Sep 2011 09:34:00 +0000

Old Brompton Road, South Kensington, London, SW7

A spacious fifth floor studio apartment within this purpose built block enviably located in the quiet and highly desirable area of South Kensington and located close to Gloucester Road and South Kensington tube stations. Benefits include a modern kitchen and bathroom, 24 hour porterage, CCTV, free gym and spa, free broadband, free sky TV and free weekly clean linen and towel supply, available NOW, furnished or unfurnished.

London Property for Rent, South Kensington

Apartment for Rent, Lamont Road, Kensington

noreply@blogger.com (London Estate Agents) — Tue, 20 Sep 2011 15:23:00 +0000

Lamont Road, Kensington, London, SW10

A spacious two double bedroom second floor apartment located very close to the famous King's Road. The apartment further benefits from a bright reception room with dining area, fitted kitchen with modern appliances including dishwasher, newly tiled bathroom with shower attachment and wc, part furnished, available NOW!

Kensington Apartment for Rent

Kensingtons New Constituency Boundaries

noreply@blogger.com (London Estate Agents) — Tue, 13 Sep 2011 16:02:00 +0000

Westminster is set to be split into three constituencies as part of a boundary review.

Currently, the borough is divided into two constituencies - Westminster North, represented by Labour MP Karen Buck, and Cities of London and Westminster, represented by Conservative MP Mark Field.

This is likely to change under plans revealed by the Boundary Commission this week.

A new Paddington constituency is set to be formed of nine wards in north Westminster (Abbey Road, Bayswater, Harrow Road, Hyde Park, Lancaster Gate, Little Venice, Maida Vale, Queen's Park and Westbourne), and four in North Kensington.

A new Camden and Regent's Park constituency, formed mainly of wards in neighbouring Camden, would incorporate four wards in north-east Westminster (Bryanston and Dorset Square, Church Street, Marylebone High Street, Regent's Park).

In the south of the borough, seven Westminster wards (Churchill, Knightsbridge and Belgravia, St James's, Tachbrook, Vincent Square, Warwick and West End) will form part of the Westminster and Kensington constituency, with eight wards in Kensington and Chelsea.

London Property News: London "one of the most desirable destinations in the world"

noreply@blogger.com (London Estate Agents) — Thu, 08 Sep 2011 09:11:00 +0000

England's capital city is extremely attractive to people looking for investment properties in London because it is one of the most "desirable destinations" in the world.

According to Naomi Heaton, chief executive at property industry analysts London Central Portfolio, central London's international status makes it extremely attractive to investors.

She said: "As an international hub and one of the most desirable destinations in the world, it is highly demanded by global investors and corporate tenants.

"It has outperformed all other UK asset classes including commercial property over the last 40 years and has seen capital values doubling on average every eight years since 1969."

Ms Heaton added that she sees no reason to believe this trend will not continue, as the total prohibition on development in the area means demand outweighs supply.
She also recently said that further growth in London property prices is "entirely realistic", explaining that prices should catch-up to where they would have been if the credit crunch had not happened.

London Property News

South Kensington House For Rent, SW7

noreply@blogger.com (London Estate Agents) — Thu, 16 Jun 2011 08:39:00 +0000

Clareville Street, South Kensington, London, SW7

A charming and well proportioned three double bedroom three storey house with electronic garage situated moments from the amenities of Gloucester Road and within easy reach of the shops, bars and restaurants of South Kensington.

The property is presented in excellent condition and comprises a spacious reception room with space for dining, contemporary kitchen with skylight lighting and breakfast bar, master bedroom with fitted wardrobes and ensuite bathroom and second bedroom with fitted wardrobes (both with French doors on to roof terrace), third bedroom with fitted wardrobes, two further bathrooms, available 4th August, unfurnished or part furnished.

Three Storey House for Rent Kensington

Zoopla; Surreal real estate prices: The 2011 Property Rich List

noreply@blogger.com (London Estate Agents) — Tue, 07 Jun 2011 08:44:00 +0000

Britain's Property Rich List 2011, released today by leading property website Zoopla.co.uk, reveals Kensington, London W8, to be by far the most expensive neighbourhood in the country to live, with average house prices there standing at almost £1.75 million.

Britain is now home to 220,131 Property Millionaires, down from 223,119 this time last year, and has 5,922 Million Pound Streets, where average house prices are over £1 million. London tops the list of places with the most Million Pound Streets by far with 2,290, followed by commuter hotspot Guildford with 89 and footballer’s paradise, Cobham, in third place with 78.

The average home in Kensington now costs £1,737,862 according to the study by Zoopla.co.uk, which provides free online value estimates for every home in the UK. And whilst this is £400,000 more than its nearest rival Chelsea, SW3 where the average pad will set you back £1.32m, all of the top five neighbourhoods on the list boast average property prices of over £1m and includes Knightsbridge, SW7 (£1.31m), Notting Hill, W11 (£1.17m) and West Brompton, SW10 (£1.05m).

The top 10 most expensive neighbourhoods in the country are almost entirely in the capital, with the only exception being seventh placed Virginia Water, Surrey GU25, home to exclusive Wentworth Golf Club, where average house prices are £936,653. And nine out of the top 10 on the list have seen average house prices fall over the past 12 months, with the only exception being Hampstead, London NW3.

Topping the list of the most expensive streets in Britain once again is Kensington Palace Gardens, W8 – also known as Billionaires Row - where the average property price is a staggering £19.2 million. This exclusive gated street is home to Saudi and Brunei royalty, Russian oligarchs and Britain's richest man, Lakshmi Mittal, who owns not one but three properties on the street.

More than 2,000 of London's streets have average house price of £1million | News

noreply@blogger.com (London Estate Agents) — Wed, 01 Jun 2011 09:50:00 +0000

More than 2,000 of London's streets have average house price of £1million | News
The number of London streets where average property prices top £1 million has risen to 2,290 from fewer than 1,500 last year.

The capital has nine of Britain's 10 costliest neighbourhoods, with Virginia Water in Surrey seventh, says the survey by Zoopla.

Top street, with an average price of £19.2 million, is Kensington Palace Gardens

Central London Prime Residential Property Has Risen 31.2%

noreply@blogger.com (London Estate Agents) — Wed, 18 May 2011 17:44:00 +0000

Average house prices in central London have risen £767 every day over the last year, reveal Knight Frank.The latest Prime Central London Index, April 2011 reveals:

Capital values rose 1% in April, contributing to an annual rate of growth of 8.3%

Typical prime central London properties saw prices rise by £767 every day over the past 12 months

Average values for prime residential property in central London have now risen by 31.2% since March 2009, the post-credit crunch market trough

The market is being led by properties in the £1m to £5m price bracket, which have seen prices rise by nearly 4% in the past 3 months. The strongest geographical markets are: Mayfair, Marylebone, St John’s Wood and Kensington – all with more than 10% growth over the past 12 months.

London Million Pound Property Sales Rise

noreply@blogger.com (London Estate Agents) — Fri, 06 May 2011 08:49:00 +0000

Million pound property sales in the UK are increasing at their fastest rate since 2006 with the country now having 185,000 real estate millionaires.

There were 7,185 million pound property sales in Great Britain in 2010, some 54% higher than in 2009 which shows that property is still a good investment despite the current market being up and down, the researsh indicates.

It is the largest annual increase since 2006 when there was a 62%, increase in property at this price level and suggests a real resurgence at the very top end of the housing market, according to the Lloyds TSB Million Pound Property Report.

The geographical distribution of million pound home sales also reflects the wider north/south divide in the housing market with London and the South East accounting for 83% of all million pound sales in Great Britain in 2010. Nonetheless, there are signs of substantial growth elsewhere. The West Midlands recorded the biggest percentage increase in million pound sales at 109%, followed by the East of England at 62%, while London also saw a marked rise of 56%.

Kensington & Chelsea and Westminster in London accounted for nearly a quarter, 22%, of all the million pound homes sold in 2010 with 868 sales while Elmbridge in Surrey had the highest number of million pound sales outside London at 268.

Luxury Property Market Survey Results

noreply@blogger.com (London Estate Agents) — Mon, 11 Apr 2011 16:52:00 +0000

London and New York have retained their leading positions in the luxury Property market survey carried out by Knight Frank. Paris and San Francisco were the biggest losers, sinking from third to ninth and 16th to 20th, respectively.

The Knight Frank surveys are based on the conclusions of a panel of experts who consider the cities "in terms of their importance to HNWIs," or high net-worth individuals. The agency has been compiling its surveys annually since 2008.

The survey noted that Russians were the most active buyers of luxury property in London until two years ago, but now rank fourth in that category, behind buyers from China, Hong Kong and Malaysia.

However the survey agency notes a general eastward shift in ranking that is expected to gain momentum rapidly. While seven of the top 10 cities in the 2011 survey are located in Western Europe, North America or Australia, another survey, called "Attitudes," focused on the future potential of the world's top cities, has only four non-Asian cities in its top 10 for 2020.

Moving To Kensington; Your Local Services By Postcode

noreply@blogger.com (London Estate Agents) — Sat, 02 Apr 2011 15:54:00 +0000

When moving into an area there are a number of local services you need to know about. Below you can access local authority information and services; we have chosen the most frequently asked information. Just put in your postcode and find out information on;

Bin Collection, Council Tax, Parking Permits, Recycling centres,Electoral roll registration, School and Term Dates and your local councillor for your new area.

London Property News

Prime Central London Property Sees 2.8% Growth

noreply@blogger.com (London Estate Agents) — Mon, 21 Mar 2011 16:36:00 +0000

Overseas tenants for London properties are most likely to purchase prime residencies in the centre of the capital, according to an expert.

Ed Mead, director of a London property agency, said the only premises that are currently recording a value increase are those that appeal to international buyers.

"If you have got a very nice property in a street that is appealing to foreigners, then you are going to be getting a price which is well in excess of where the peak was three and a half years ago," he explained.

"It is good news if you own a property which is in a very desirable location which is appealing to international buyers." Mr Mead pointed out that supply of desirable property is at an all-time low while demand is high, which has led to a two-tier market.

His comments come in light of figures released by Savills showing that the prime central London residential market saw its sixth consecutive quarter of growth, with values rising by 2.8 per cent since the beginning of this year.

Residential Landlords News