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http://www.stockmarketwire.com/article/4473183/Brokers-round-up-buy-Cohham-and-Sage-Group.html
. This positive news does reflect what’s happening in London, where strong house prices have been underpinned by increasing levels of activity in January – the real barometer of the market’s health. Our offices have seen a very busy start to 2011, buoyed by strong demand from UK and international investors - and those top-tier buyers hoping to buy before the stamp duty hike in April. With the ongoing strength of demand for prime property, we expect prices and activity in the capital to continue its trend of improvement over the course of the year http://propertytalklive.co.uk/house-prices/5353-halifax-house-prices-continue-downward-trend
Now up over 53% - nice....
From FT.com Friday 14 Jan In the most recent sale, a flat was sold this week for £14.8m to a UK buyer at the Lancasters on the other side of Hyde Park, which is owned by Northacre and Minerva, taking the scheme to more than 60 per cent sold. http://www.ft.com/cms/s/0/42712c12-2011-11e0-a6fb-00144feab49a.html#axzz1B3gVH9Ne
Overall London property values are expected to remain flat in 2011, but agents expect “millionaire homes” to continue to rise. Dominic Agace, chief executive of London-based estate agent Winkworth, said: “Next year we're expecting prices in prime central London markets to rise 5%. Much of the money is coming from overseas. This year, 70% of our central London applicants were international buyers. The currency is still discounted and finance is affordable for those with equity.” http://www.thisislondon.co.uk/standard-business/article-23909921-foreign-cash-lifts-number-of-pound-1m-homes-in-london.do
94k bought at 146p .
75k bought at 146 yesterday morning . Nice to see.
Not a clue - but nice to see such confident buying.
Strange summary of buy v sells for today when 40,000 were bought in two trades this morning , (shows on more trades data, 8.55am at 120p )
Article from Friday stating demand high for new London prime developments. http://uk.finance.yahoo.com/news/new-prime-in-demand-ftimes-fd0064550261.html
Interesting article from Chinese Peoples Daily on line re the demand for prime London from different nationalities. Also some quotes from Hamptons who are marketing The Lancasters http://english.peopledaily.com.cn/90001/90778/90861/7097542.html
Possible takeover target flagged here http://www.cambridge-news.co.uk/Business/Digital-is-set-for-a-boost-as-business-shifts-online.htm
Agree - as the profit levels of the Lancasters become more transparent , the sp will have to move much further north or a t/o at a good premium.
Agree -with market cap under 40 mill - expected profits from The Lancasters over 60 mill , sp. ,after a little breather, should head north.
Link here to article re foreign demand from 9th. August 2010 http://www.buyassociation.co.uk/homes/text/london/buyassociation/foreign-buyers---camilla-dell.html
Just beginning to turn - buyers paying 105.5.
100,000 buy at 104 just gone through.
100,000 buy at 115p just gone through.
Profits likely of £ 50 - 100 million to NTA - market cap. around 30 mill. Today's clarification of the profit share arrangement with Minerva is better than many had expected. Hoping to see sp increase as more become aware of the implications of today's announcement..
Up she goes - now + 1.5%