London property prices achieving 100% of asking price - 24dash.com
Published by Max Salsbury for 24dash.com in Housing and also in Finance
Residential property in Greater London is achieving 100% of the asking price compared to only 94% a year ago, according to statistics from Move with Us.
The data, collected in the quarter one Residential Property Market Review, also shows a slight increase in asking prices, with buyers paying on average £20,000 more than in March 2011.
The figures suggest that London is still outperforming other areas, and that things will continue to improve in the next quarter.
Robin King, director at Move with Us, said: “Greater London is a robust market and these positive signs of improving sentiment in the area give homeowners hope that quarter two may bring further quantifiable improvements in the housing market.
“It is one of the few regions in the UK to experience declining days to sell compared to March 2011. Coupled with significantly reduced discount levels at sale and increases in asking prices the market in this region is much stronger than most.”
London flourishing despite recession, say developers Great Portland Estates and Shaftesbury - Daily Telegraph
"London's West End continues to be busy and prosperous. Throughout the first six months of the financial year our portfolio has been virtually fully let as demand for uses across our West End locations remains healthy,” said the company’s chief executive Brian Bickell.
“London's reputation as a destination of world renown continues to grow, and this summer's major events - the Queen's Diamond Jubilee and the Olympics - will put the city firmly in the world's spotlight.
"These events are a unique opportunity for London to promote its many attractions to a global audience.”
In its half-year to March 31, Shaftesbury said its portfolio rose in value by 1.4pc to £1.74bn while like-for-like rental income was up 3.5pc.
However, pre-tax profits fell to £38.1m from £101m because the growth in capital values was slower than in 2011.
The company also confirmed that co-founder and former chief executive Jonathan Lane will replace John Manser, who is retiring, as chairman.
Great Portland’s full-year profits fell from £261m to £155m. However, shares in the company rose 10, or 3pc, to 392.20p in early trading.
London Welsh denied chance of promotion to the Premiership - The Guardian
London Welsh have failed to meet the minimum standards criteria for a place in the Premiership and would therefore not be eligible for promotion to the top flight, the Rugby Football Union has announced.
Welsh, who seem certain to appeal, must lodge any protest within 14 days. The Cornish Pirates did not choose to have an independent audit of their Mennaye Field ground, so with London Welsh also failing to satisfy demands it means there will be no promotion from the Championship this term.
Newcastle propped up the Premiership by a point despite winning their final game of the season against fellow strugglers Wasps earlier this month. But the Falcons have now survived and they can look forward to the 2012-13 campaign when Dean Richards will take charge as rugby director. Newcastle have already made seven new signings.
In a statement, the RFU directors said: "The Rugby Football Union's board of directors has considered the findings of the independent audit report requested by London Welsh, which determines a club's eligibility for promotion to the Aviva Premiership in line with the minimum standards criteria (MSC).
"The report, carried out by independent auditors, found that London Welsh has not met the MSC for the Aviva Premiership. The independent auditors identified various failures, including not having primacy of tenure at their nominated ground. This states that a club must demonstrate that they can host home fixtures at the time stipulated by Premiership Rugby and/or the host broadcaster.
"The RFU board ratified the findings and agreed, should London Welsh win the RFU Championship final following the second leg on May 30, they would not be eligible for promotion and Newcastle Falcons would remain in the Aviva Premiership.
"Cornish Pirates did not choose to have an independent audit of the Mennaye Field and so do not fulfil the criteria for promotion should they win the final. As a result, there will be no promotion from the RFU Championship this season."
The minimum standards criteria are set by the Professional Game Board (PGB) – a joint group from the RFU, Premiership Rugby, RFU Championship clubs and the Rugby Players' Association.
London Book And Poetry Events: 23-29 May - Londonist
Wednesday: Rachel Caine talks books and vampires at Foyles from 6.30pm (free, but reservations recommended).
Sarah Butler, Sangeeta Bhargava, Tina Sederholm, Paul Askew, Kate Walton, Marc Nash, Davy Mac, Clare Waters and Davy Mac look at our colloquial past at the Poetry Cafe (8pm, £5).
GREEdS hosts the latest Jawdance at Rich Mix, with Abir Ibrahim, Selina Nwulu, Laurie Bolger and Anthony Fairweather (7.30pm, free).
Thursday: Marina Warner and Hanan al Shaykh discuss bringing the Arabian Nights into the 21st century, at the Festival of Asian Literature (6.45pm, £10 / £8).
Mark Niel and Paul Lyalls are the guest poets at Bang Said the Gun (8pm, £5).
Mark 200 years of Edward Lear with a night of nonsense poetry at the Poetry Cafe (7pm, free).
Mexican poet Homero Aridjis reads from his work at the Swedenborg Society (7pm, free). Ali Smith reads English translations.
Friday: Celebrate five years of Caught By The River at the Southbank Centre, with Tim Burgess, Roy Wilkinson, John Andrews, Michael Smith, Chris Yates and Richard King (7pm, £17.50).
Do you know where your towel is? You might need it if venturing to the Vogon Poetry Slam at Hackney Picturehouse Attic (7.30pm, £5 / £3 in costume or with towel).
Have lunch with Paul French and Misha Glenny at the Festival of Asian Literature (1pm, £15 / £12).
Farrago mark the time of year with an Exam Blues SLAM, with performances from Brother Niyi, Keith Jarrett, Hollie McNish, Rhys Rodger, Hannah Joshua and Lori King (7.30pm, SLAM sign-up from 7pm).
Saturday: Cassandra Clare talks about her latest book, City of Lost Souls, with Shades of London author Maureen Johnson at Theatre Royal Stratford East (2pm, £8 / £13 including copy of book).
Liz Berry, Jenna Butler and Nancy Mattson are the poets performing in St Mary’s church crypt on Upper Street (7pm, £4).
Sunday: Celebrate the work of former laureate John Masefield at Keats House (3pm, £5 / £3).
Monday: The Festival of Asian Literature looks at the Arab Spring, with Ahdaf Soueif, Kamin Mohammadi, Paul Mason and Mishal Husain (6.45pm, £10 / £8).
Kate Mosse talks to Rosamund Lupton about getting published, and then chairs a panel of agents and publishers in a writers clinic, for an Orange and Grazia event at the Southbank Centre (6.45pm, £10).
Ivor Game and Wendy Shutler have some summery poems at the Poetry Cafe (8pm, £5 / £3.50).
Tuesday: Authors shortlisted for the Not-Going-To-Be-Called-Orange-Much-Longer Prize – Esi Edugyan, Anne Enright, Georgina Harding, Madeline Miller, Cynthia Ozick and Ann Patchett – read from their nominated books at the Southbank Centre (7.30pm, £12).
Glyn Maxwell gives a talk based on his new collection of essays, On Poetry, at Keats House in Hampstead (6.30pm, free but email the Poetry Society to reserve a place by Friday).
James Sallis talks about his new book Driven, a sequel to Drive (now a major motion picture, so the saying goes) with Iain Sinclair at Belgravia Books (7.30pm, £5).
Perform your own work at the Poetry Cafe’s open mic night (7.30pm, £5 / £4). Niall O’Sullivan hosts.
Mohammed Hanif, Madeline Thien, Nikita Lalwani, Kim Thuy and Claire Armitstead bust some stereotypes at the Festival of Asian Literature (6.45pm, £8 / £7).
Follow @LondonistLit for our pick of that day’s literary events.
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