Friday, 20th November 2009

 

Property

  1. Colonel Gaddafi's son buys £10m London property

    One of the sons of Libyan leader, Colonel Gaddafi, has purchased a new-build property in one of the most luxurious streets in London's leafy Hampstead.

  2. London & Stamford profits up but still 'cautious'

    Aim-listed London & Stamford, which has been one of the most active investors in the depressed real estate market in the past year, has said it is now taking a "cautious" approach in the UK, as rivals continue to push billions of pounds into the sector.

  3. European Property: What you can get for €2 Million

    London's high-end residential properties have suffered a dip in interest from locals, but continental European buyers, buoyed by the strong euro, have stepped into the breach.

  4. Bonus boom will buoy luxury property market

    A wave of around £6bn ($9.9) in bonuses expected to be distributed to City financiers in spring will support London's prime property market in areas such as Chelsea and Kensington, although the mainstream market is expected to continue to decline.

  5. Top-end mortgages are strictly for VIPs

    To secure a big mortgage it is no longer enough to be a mere millionaire. Lenders are inclined to favour the ultra-wealthy, with other assets in their stables and new business to offer.

  6. Blackstone in negotiations to restructure $20bn debt at Hilton

    Blackstone Group has begun talks with lenders to cut up to $5bn (€3.4bn) from the $20bn debt load carried by Hilton Worldwide, as the private equity firm seeks to protect its single biggest investment, according to sources.

  7. Luxury residential property funds preempt recovery

    Funds investing in high-end residential property are making a comeback as investors seek returns from undervalued prime property.

  8. Swiss mortgages build on firm foundations

    The Swiss franc’s appreciation may be strangling some of its mortgaged-to-the-hilt neighbours, but in the landlocked alpine nation, business couldn’t be better. Switzerland’s mortgage market, one of the largest in the world as a proportion of gross domestic product, is in growth mode.

  9. Property rich list reveals casualties

    The UK's 100 richest property tycoons have seen £43bn (€46.86bn) wiped of their collective net worth, after the recession dragged commercial property prices down by 44% over the last two years.

  10. Your Chance to Buy The Taj Mahal (of Illinois)

    The luxury-housing crash has provided us with an endless stream of over-the-top foreclosed manors and distressed estates. Most lead to the inevitable question: what on earth were they thinking?

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

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