British property market

Proposed capital gains tax on British property takes Hong Kong investors by surprise

People of 52 nationalities bought new-build property in central London last year. Photo: AP

Hong Kong investor Lai Wing-to, who has shifted his focus to Britain’s retail property market owing to successive cooling measures by the government in his hometown, is now facing a possible capital gains tax in Britain.

Thursday, 28 November, 2013, 5:09pm 4 comments

British house prices rise by most in 6 years

British finance minister George Osborne is among those wary of a property bubble. Photo: EPA

House prices in England and Wales posted their biggest month-on-month gain in more than six years in September, but talk of a price bubble is overdone, property analysis firm Hometrack said in a survey on Monday.

30 Sep 2013 - 11:28am

First-time buyers offered flatpack kit homes in the Netherlands

An artist's impression of an Exs Architects' flatpack Deckhouse

If you like spending time in the greenhouse and following the sun throughout the day, you might opt for the Hayhouse; or if you're more drawn to the idea of a cosy Scandinavian log cabin, maybe the Deckhouse is for you.

9 May 2013 - 2:22am

Bank of England's lending scheme fuels rise in Britain's house prices

Bank of England's Funding for Lending Scheme eased conditions in the home-loan market. Photo: Reuters

Data showed mortgage approvals rose to an 11-month high in December as the central bank's Funding for Lending Scheme eased conditions in the home-loan market. The bank is counting on the programme to encourage lending and provide a boost to an economy that is close to slipping back into a recession.

6 Feb 2013 - 4:59am

British rent rises tipped to slow this year

British residential property rent inflation is expected to slow this year. Photo: Bloomberg

Rightmove, a London-based property company, said 74 per cent of professional landlords intended to expand their portfolios, and investors would be lured by tenant demand and "attractive" returns.

6 Feb 2013 - 4:59am

British home prices forecast to remain stable

Residential housing in London is expected to be the strongest area next year, according to a survey of economists. Photo: Bloomberg

British house prices will remain stable next year after an increase last month left them little changed in the past year, the Halifax bank predicts.

Values rose 1 per cent from October to an average £160,879 (HK$1.99 million), the mortgage unit of Lloyds Banking Group said in a statement.

From a year earlier, prices were little changed.

12 Dec 2012 - 3:23am

Asian funds buy into London for impressive returns

Asian investors are cleaning up available office property in the City where development is slower than the demand. Photo: Bloomberg

Asian investors are the biggest buyers of office property in the City of London this year, wagering that the financial district's volatile market has changed since it routed Japanese buyers in the 1990s.

29 Nov 2012 - 3:46am

London's star shines bright

Living room at Fitzroy Place. The development is well ahead of sales projections.

Measures intended to cool the British luxury market have failed to curb Asian appetites for prime London property. Flats upwards of £1 million (HK$12.4 million) almost walked out the door at a release this month in Central, far exceeding the developer's expectations. One penthouse sold for £7.5 million, a new high for Fitzroy Place in Fitzrovia.

28 Nov 2012 - 3:13am

Hong Kong buyers tempted to tap into English old-world property

Spacious living and a sea view in Norfolk. Photo: SCMP

For sale - a beautiful British early-Victorian restored house of an incredibly spacious 5,500 sq ft, with wrought-iron supports for the cute veranda, right on the water; a snip at £1.35 million (HK$16.65 million) and overhauled by an interior designer and her psychiatrist husband.

But it's in Norfolk?

27 Nov 2012 - 11:15am

London's wealthiest areas a big attraction for overseas buyers

London home sellers increased asking prices for a third month in November as the wealthiest areas continued to lure overseas buyers, Rightmove said.

21 Nov 2012 - 3:18am

New big spender in UK property market: Chinese sovereignty funds

Banks and offices are seen in the Canary Wharf financial district in East London, September 22, 2011. Photo: Reuters

Britain's property market is bracing itself for more investment by Chinese sovereign wealth funds following two big deals initiated earlier this autumn. China Investment Corporation (CIC) is in talks to buy Deutsche Bank's headquarters in the City of London for £250 million from a German investment fund.

6 Nov 2012 - 6:34pm