- DATE : September 9, 2019
Hyde Park Residential has entered into a joint venture with Malta based ARQ Group, to establish Trafalgar Real Estate Developments Limited. This new UK registered company aims to introduce both Maltese and international investors to development opportunities in the London real estate sector.
Targeted development sites will be in and around Central London within the Greater London commuter belt, therefore having excellent road and rail connections. This focus is driven by the lack of supply of more affordable housing in Central London or that is within a reasonable commute to Central London. Demand is driven by a combination of first-time buyers as well as persons working within the Greater London area.
Hyde Park Residential is one of London’s leading, independent property advisory and acquisition firms. This year the company was included in the PrimeResi directory of 50 best buying agencies in Britain.
ARQ is a professional services organisation based in Malta, providing a wide range of corporate and advisory services to local and international clients operating within different industry sectors.Read More
- DATE : August 29, 2019
As talk of a ‘no deal’ Brexit (and now a general election) continue, and the trade dispute between China and the US carries on, it comes as no surprise that global financial markets are uneasy. Recent announcements of GDP contraction in the UK and Germany do not help either.
Despite this backdrop some investors are carrying on with business. Earlier this month builders Berkeley Group unveiled plans for a 1,800-home ‘King’s Road Park’ scheme in Fulham, and the Battersea Power Station Chief Executive was quoted saying that sales are now “running at £10m a month” . Similar activity is being registered in the commercial sector. Earlier today it was announced that Mayfair Capital completed on its £113m acquisition of the Bonhill Building in Shoreditch from Legal and General.
Notwithstanding the current uncertainty, London is managing to retains its place as a key investment destination and the weakness of the pound is making it more attractive.
- DATE : August 10, 2019
|Land registry (UK HPI)||June Av. price||Monthly change||12 month|
|Kensington and Chelsea||£1,254,725||-1.2%||-4.0%|
|City of Westminster||£965,019||-0.8%||-0.4%|
- England house prices grew by 0.7% in the year to June 2019, unchanged from May 2019.
- Across England, all houses showed an increase in average price in June 2019 when compared with the same month in the previous year.
- In London, average house prices fell by 2.7% in the year to June 2019, up from a fall of 3.1% in May 2019.
- The average property price in Islington is now £615,783 representing an annual drop of 6%.
- In June 2019, the most expensive area to purchase a house was Kensington and Chelsea, where the average cost of a house was £1.25 million. In contrast, the cheapest area to purchase a house was Burnley, where the average cost of a house was £89,000.
- DATE : June 17, 2019
We are delighted to report on the recent completion of the sale of two seven bedroom houses in North London. This particular transaction has been in the making for the past 20 months.
Hyde Park Residential was instructed to coordinate the sale of the properties in mid 2017 on behalf of the former owners. Within a few weeks we identified a buyer and secured a price that was reasonably above asking.
Thereafter a number of unforeseen issues cropped up that could have derailed the transaction. With a good dose of patience and diplomacy we managed to resolve them all to the relief of all stakeholders. The new owners have now submitted planning applications to redevelop the properties into 14 apartments. A good ending for both parties and a big thank you from HPR to all involved.Read More
- DATE : May 28, 2019
The results of the EU elections could become a turning point in the ongoing Brexit debate, with the six-week old Brexit Party securing 31.6% of the vote. The Conservatives and Labour have both haemorrhaged support whilst the pro EU Liberal Democrats made substantial gains. Support for the collective ‘anti’ and ‘pro’ Brexit parties, was around 40% and 35% respectively.
These results will no doubt impact the arithmetics in Westminster. So far Parliament has been unable to find common ground on any Brexit option, other than the rejection of a no deal-but this may be about to change.
Until very recently, Labour was non-committal on a second referendum and appeared to prefer an early general election, whilst the Conservative Party was split between ‘remainers’ and ‘brexiteers’.
A new perceived ‘threat’ in the form of the Brexit Party potentially replicating its success in a general election, may force both parties to abandon the middle ground in favour of a clearer and more decisive stance. This would avoid an early general election and the possible embarrassment that could follow, and hopefully provide some much needed clarity to the market.