The one-bedroom apartment, in Knightsbridge, costs 56 times the average house price in England and Wales and has been dubbed the 'ultimate pied-a-terre'
Britain's most expensive one-bedroom flat has gone on the market for £10 million.
Spain’s richest and world’s fourth wealthiest Amancio Ortega has purchased the headquarters of multinational mining and metal group Rio Tinto located in the heart of London, reports Property Week. The founder of Inditex is said to have paid around £265 million, or €335 million.
‘Looking ahead to 2015 we expect that total returns will remain in double figures, but that rental growth will make a larger contribution. The recovery in the economy combined with low levels of development means that the balance between demand and supply is now swinging in favour of landlords and we anticipate that rental growth will accelerate,’ explained Owen.
If we take the temperature of investors in commercial property right now, we would find warm support for the sector in the UK. In a low interest rate environment, and with returns from property far outstripping bond yields, commercial real estate has returned to favour. The UK commercial property market has performed strongly in 2014, with the sector returning 14 per cent during the first nine months of this year, according to the IPD UK Monthly Property Index. Capital values have also recovered by 28 per cent from their trough, although they are still 29 per cent below their excitable 2007 peak. But will this upward trajectory for commercial property continue in 2015, and does the sector offer good prospects for investors?
The short-list for the upcoming 4th annual EuropaProperty CEE Investment & Green Building Awards, the region’s premier event dedicated to investment, development and sustainability throughout the region, has been announced. The eventual winners will be awarded on October 30th 2014 at the InterContinental Hotel in Warsaw, in front some of the region’s leading investment and real estate professionals.
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