Category: UK – London

Why One57 and New York’s Luxury Properties Are Selling At Record Prices

Why One57 and New York’s Luxury Properties Are Selling At Record Prices View from the top of One57 - Photo by Chang W. Lee for the New York Times

A September 18th New York Times article entitled “Rising Tower Emerges as Billionaire’s Haven”, details the success Gary Barnett and Extell development are having with One57, New York’s newest and tallest (1,004 feet high) luxury residential real estate development. VIDEO

Trophy property sales in Manhattan have skyrocketed in 2012.  While the $95 million the buyer of the full floor unit at One57 is a New York record and surpasses the $88 million Read more…

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Tavistock Group: Investing in Luxury Real Estate

Christopher Anand of the Tavistock Group shares successful tips for investing in Luxury Real Estate. Tavistock’s successful investment strategies provide insight into why global high net worth individuals (HNWI’s) invest in New York luxury real estate (condos and townhouses) in Manhattan. Anand’s tips and Tavistock’s strategies agree with a recent Knight Frank Wealth Report revealing that along with equities, HNWI’s are purchasing Art, Wineries, Sports Teams along with other non-paper investments as part of an overall strategy to have more protected investment portfolios. Contact me for your New York luxury real estate needs. – Tony Sargent

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London Hotspots – Top 13 Residential Redevelopment Areas Ranked by Knight Frank

London Hotspots – Top 13 Residential Redevelopment Areas Ranked by Knight Frank London Thames Sunset Panorama - Photo by David Iliff, 2008 courtesy of Wikimedia.com

Knight Frank (KF), a highly respected real estate firm based in London recently released their Autumn 2011 Report on the Top 13 Residential they expect to outperform prime central London property by 2016.

It estimates that in these identified “hotspots” new-build redevelopments (conversions and new construction) will increase in value by more than 30% by the end of 2015. Key factors which will contribute to the price growth in these currently non-central price point areas are: a) New development initiatives, b) Significant improvements to transportation/access via the planned London “Cross-rail” project which will transfer people to/from prime work areas (The City, Canary Wharf) in reduced times. c) Current underdevelopment of new housing, which is expected to result in an under-supply of housing necessary to meet London’s future expected population growth, in areas not currently viewed as “prime central London”.

3 of the Top 5 Hotspots as ranked by KF – 1) City of London – due to Read more…

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Int’l: London Luxury Home Values to Rise

Int’l: London Luxury Home Values to Rise Draycott Place, Chelsea-London Photo: Knight Frank

Two reports released separately by Savills and Knight-Frank (top real estate firms in the UK) in November, forecast that London’s Luxury property values were expected to increase, despite a recent slowdown in the overall UK Market. The Savills report forecast a 33% rise in London’s Prime property prices over the next 5 years vs. just 12% for the UK as a whole.  The report also indicated that market results would be better for grade A properties (owner occupied) vs. grade C (in need of tenants) and grade B (average homes/apartments). 

Why? Like in Manhattan, London’s Grade A houses in affluent areas Read more…

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New York Luxury Real Estate: Why Manhattan’s $10M+ Market Offers Huge Buyer Opportunity

Posted on February 1, 2019

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