Latest Plaza News

News at a glance

Enquiries from prospective house hunters have been soaring, according to Rightmove.co.uk. Over 44,000 emails were sent to agents via the property website on the first Monday of this year, an increase of 121% on the 20,092 enquiries made on the first Monday of 2008. "The limited availability of finance and nervousness surro...

Market comment May 2009 (lettings)

Whilst rents have dropped in the last six months, they seem to have stabilised at approximately 15% below the levels of a year ago. The market has been active since January with a mix of demand. Corporations have relocated some new staff to London, many existing tenants have been downsizing and we hav...

Investments and Lettings Report

May 2009

The rental market has slowed during the last six months. There is some demand from corporations relocating new staff to London. The significant activity has been tenants downsizing to cheaper properties and this has given strenght to many sectors of the market. The top end has been active too but demand has bee...

2009 Prediction (sales)

No doubt the government will continue its efforts to stimulate the economy and encourage consumer spending. All the signs are that we are reaching a price floor in the prime central London market, as vendors decide to hold onto their properties rather than offer further reductions.

The falling prices and a reluctant ...

2008 Summary (sales)

Thirty five years of selling property in central London market and surviving two previous recessions, gave us the experience to manouevre through the financial tsunami that was closing month of 2008. Even so, a palpable sense of helplessness pervaded the wider market as major financial institutions collapsed and the stock...