Follow the money. The old adage of the Watergate scandal has never been truer than with London property. A look at what the publically quoted property companies in the commercial space are up to is interesting. All over London, where they can, they are pulling down offices and building flats to replace them in areas that would challenge the description of residential. Why? Because they can get returns from these developments that leave in their wake anything that commercial use could give them. This valuation gap is changing London.
January 30, 2013
[Developers are talking a good game about attracting British buyers to their shiny new builds, but it’s all puff: everyone knows that the real money is still overseas, says Charlie Ellingworth of Property Vision.