Millionaires rows have been hit hard by the effects of the credit crunch, with buyers unwilling to pay huge sums for the country's most exclusive properties, according to new figures.
While one in every 97 properties was worth at least seven figures in November 2007 when house prices first started to slip, that figure has now fallen to just one in 150.
Unsurprisingly, London has seen the smallest reduction in the number of properties valued at £1 million or more, with 29 per cent fewer now than two years ago.
Kensington in London has the highest proportion of seven figure homes, with 48 per cent of the housing stock in the area valued at this level, followed by South Kensington at 39 per cent and and Chelsea at 37 per cent.
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Thursday, 5 November 2009
Wednesday, 21 October 2009
London has Highest Concentration of Graduates
New research into the diversity of UK graduates has shown that London has the highest proportion of people with access to university education.
Carried out by the University and Colleges Union (UCU), the report placed seven London boroughs, including Richmond Park, Kensington & Chelsea and Hampstead & Highgate, in its top ten regions for residents with degrees.
The organisation said that the figures reveal a gap between the north and south of the country when comparing the opportunities available to gain a university education and a graduate job.
Gradplus
Carried out by the University and Colleges Union (UCU), the report placed seven London boroughs, including Richmond Park, Kensington & Chelsea and Hampstead & Highgate, in its top ten regions for residents with degrees.
The organisation said that the figures reveal a gap between the north and south of the country when comparing the opportunities available to gain a university education and a graduate job.
Gradplus
Tuesday, 29 September 2009
Friday, 11 September 2009
Cheaper Rail Fares for Kensington
A number of London rail users living in Kensington properties could be set to benefit from cheaper fares in the coming months, thanks to a new Oyster card scheme.
From this month, new pink Oyster route validators will be installed at nine major Overground and tube stations, including Kensington Olympia.
It is hoped that by swiping their Oyster cards on such validators when changing between services, people could enjoy lower fares by using routes that avoid Zone One.
Shashi Verma, Transport for London's (TfL) director of fares and ticketing, commented that passengers may end up getting cheaper fares if they adopt the Oyster card readers.
He said: "By touching the pink reader en route - in addition to touching in and out at either end of your journey - you will be charged the appropriate Oyster single fare for your journey based on the route you take."
TfL recently announced that bus users across London could be set to benefit from clearer information about service times in the near future.
From this month, new pink Oyster route validators will be installed at nine major Overground and tube stations, including Kensington Olympia.
It is hoped that by swiping their Oyster cards on such validators when changing between services, people could enjoy lower fares by using routes that avoid Zone One.
Shashi Verma, Transport for London's (TfL) director of fares and ticketing, commented that passengers may end up getting cheaper fares if they adopt the Oyster card readers.
He said: "By touching the pink reader en route - in addition to touching in and out at either end of your journey - you will be charged the appropriate Oyster single fare for your journey based on the route you take."
TfL recently announced that bus users across London could be set to benefit from clearer information about service times in the near future.
Thursday, 23 July 2009
Top Tips For Property: The Top Ten Most Expensive Streets in the World
Top Tips For Property: The Top Ten Most Expensive Streets in the World
Kensington Palace Gardens, London, $65,000 per sq/m
Kensington Palace Gardens, the private road that abuts Kensington Palace and houses several embassies, including the Russian delegation, is still the fourth most expensive street in the world. Prices on KPG, as estate agents call it, have come off no more than 15% to 20%.
Two properties have been sold privately on KPG this year, according to estate agent Savills, which indicates demand is still strong for London’s most exclusive address.
Kensington Palace Gardens, London, $65,000 per sq/m
Kensington Palace Gardens, the private road that abuts Kensington Palace and houses several embassies, including the Russian delegation, is still the fourth most expensive street in the world. Prices on KPG, as estate agents call it, have come off no more than 15% to 20%.
Two properties have been sold privately on KPG this year, according to estate agent Savills, which indicates demand is still strong for London’s most exclusive address.
Thursday, 18 June 2009
English Heritage Commemorate Douglas Bader
Sir Douglas Bader, who made an instinctive and extraordinarily spirited contribution to rebutting German air attacks during the Battle of Britain, has been commemorated with an English Heritage blue plaque. The blue plaque was unveiled on 31 May at 5 Petersham Mews, Royal Borough of Kensington and Chelsea, SW7, where Bader lived for almost 30 years, between 1955 until his death in 1982. Joining the celebration was Sir Richard Branson, a friend of the Bader family and an original supporter of the work of the Douglas Bader Foundation.
For further press information, please contact Helen Bowman, English Heritage Corporate Communications, 07789927584 or helen.bowman@english-heritage.org.uk
For further press information, please contact Helen Bowman, English Heritage Corporate Communications, 07789927584 or helen.bowman@english-heritage.org.uk
Wednesday, 1 April 2009
Pembrook Road Property For Sale
Pembroke RoadKensington
London
W8
The property comprises a pair of Victorian terraced buildings with rendered facades, sash windows and mansard roofs. The accommodation is set over basement, ground and three upper floors and is configured to provide two A2 commercial units and nine self contained one bedroom apartments.
The two commercial units are both set over ground and basement levels. The basements of both offices benefit from good natural light with full length double glazed roofs, in addition to air conditioning. The nine residential apartments are accessed via a central staircase and all provide one bedroom, one bathroom and a reception with either open plan or separate kitchens.
The property is well served for public transport with Earls Court underground station (Piccadilly and District Line) located approximately a five minute walk away. Kensington Olympia station is also located to the north west offering mainline rail services north to Manchester and south to Brighton. Kensington High Street is a short walk from the property and is one of the principal shopping areas in Central London.
The property is not listed and is not in a conservation area.
Paramount Investments
150 West End Lane
West Hampstead
London NW6 1SD
DDI: 020 7644 2307
Fax: 020 7604 3457
Mob: 07949 175 280
Web: http://www.paramount-investments.co.uk
Blog: http://uk-pubs-for-sale.blogspot.com/
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