. 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
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
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..