Arabian Property Awards

Inflation Not Expected to have a Huge Impact on UK Property Prices

Whilst industry experts agree that inflation and the resultant increase in interest rates will result in a slow down in the rampant growth seen over the last 2 years, the supply demand gap will maintain upward pressure on prices. Even with a 2.5-3% increase, mortgage rates will still be lower than 10 or 20 years ago noted a leading UK lender. According to a London financial planner, some investors see inflation as a positive as a mortgage is a fixed debt while inflation pushes up house prices and rentals.

Posted by: Kelvin Tayfield, Mon, May 30th 2022

Arabian Property Awards

Three Bedroom New Build London Apartments in Short Supply

Whilst the pandemic led to Londoners looking for more space, international buyers are now following suite. Our recent campaigns for three different London projects showed a 50% increase in enquiries for 3BR units compared to previous campaigns. However, current supply cannot match this demand and many potential buyers have been left disappointed. A search across Central London’s leading developer Berkeley Group’s prime developments such as Chelsea Creek, White City Living and West End Gate revealed a few available in the latter project only. The same situation prevails for Barratt London’s zone 3,4 and 5 developments.

Posted by: Kelvin Tayfield, Mon, May 23rd 2022

Arabian Property Awards

SRI invites its top 2021 producers to a night in with luxury automobile brand Lamborghini and UK developer St James.

SRI’s Top Producers for 2021 and guests were invited to a joint event by Lamborghini & St James (a member of Berkeley Group), to celebrate luxury at its finest.

The two-day private event was jointly organised by SRI, Lamborghini Singapore, Downtown International, and was graced by over 60 attendees.

Our top producers and guests were treated to an intimate evening of gastronomy prepared by Three Embers, featuring a champagne reception, sumptuous canapés and live cooking stations.

The highlight of the event included an up-close experience of the Lamborghini Huracán STO with an exclusive test drive and an exploration of the new development by St James: Cassini at White City Living - a 35 storey tower at the heart of West London’s most exciting new residential district.

Cassini will mark the high point of White City Living. With its sweeping curves soaring above the parks and gardens below, residences on the lower levels have vistas of the Central Gardens and Water Gardens, whilst those at the higher levels enjoy uninterrupted panoramic views across the whole city.

On the kick-off event for the new landmark of White City Living, Roger Fagg, Head of International Sales of St James shares, “We are very excited to be partnering with Lamborghini Singapore for this event and the turnout is amazing! It is great to be part of this and we are excited to be showcasing White City Living.”

“We are thrilled to partner with St James, a member of Berkeley Group, bringing together for our clients the finest of London’s properties and the thrill of the Lamborghini experience paralleled by no other” notes Alexander Schuchert of Lamborghini Singapore.

For SRI, this will mark the start of the company’s foray into international project marketing.

“We are excited for what is to come and look forward to future collaborations with other prestigious overseas developers, starting with St James. We are committed to building a team of specialists who will be equipped to handle the sales of international investment properties namely from the Australian, UK and the USA market”, says SRI’s CEO, Tony Koe.

“On behalf of Downtown International, I would like to thank our partners: SRI, Lamborghini Singapore and the Berkeley Group for making this launch a memorable one”, adds Martin Ashkuri, Chief Executive Officer of Downtown International.

About White City Living
White City Living offers a living experience like no other. With over 2,300 new homes set in eight acres of parks and gardens, it is surrounded by world-class entertainment, education, culture and commerce. It is conveniently located adjacent to two Zone 2 Tube stations and less than 15 minutes’ from the West End.

About the Developer
St James was established in 1996, originally as a joint venture with Thames Water. The company has established a reputation as a design-conscious developer regenerating brownfield sites and transforming them into attractive developments whose design not only creates desirable places to live, but also has a positive impact on the environment.
https://www.berkeleygroup.co.uk/about-us/who-we-are/our-brands/st-james

To find out more about this Cassini, click here.
https://drive.google.com/file/d/161JaRGoCIeoTbsEDnA4dNLehag0Jv-hN/view?usp=sharing

To find out more about White City Living, click here.
https://drive.google.com/file/d/1mRILRXzd7oi0wboPEo-Q1V3sJP2YOVpD/view?usp=sharing

Other related news on Cassini:
Straits Times https://www.straitstimes.com/business/property/a-new-landmark-for-thrivingwhite-city-in-west-london
Speak to our Elites today to find out more about Cassini.

Posted by: Downtown International, Mon, May 23rd 2022

Arabian Property Awards

Buyer Interest in UK Housing at ‘Abnormal Levels’

According to leading property portal Zoopla UK housing supply is at normal levels but demand is at all time highs and still at the same level as it was after the stamp duty holiday was announced. Zoopla’s research director noted that many owners have sold to take advantage of perceived high prices and are now renting, putting pressure on the rental market. The expert believes there is no sign of a let up in the short term and expects gradual improvement in the medium term despite interest rate increases and inflation concerns.

Posted by: Kelvin Tayfield, Mon, May 16th 2022

Arabian Property Awards

Weak Sterling Provides Opportunity for International Investors in UK Real Estate

The bleak picture painted recently by the Bank of England has put the Pound Sterling under more pressure following recent weakness. The exchange rate vs USD fell to 1.2325 on Friday against a high of 1.3712 this year, down some 11% before recovering slightly by the end of day. While analysts are not bullish about a quick recovery, they believe that other major economies are soon to face the same realities as the UK and will have to cool their own rate hike ambitions. This, they believe will allow the Pound to recover some of the lost ground.

Posted by: Kelvin Tayfield, Sun, May 8th 2022