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Archive for August, 2009

36% drop for Hef’s house

August 13th, 2009 by Karelia | No Comments | Filed in London Buyer's Agents, London Property Buyers Agents, Property Market News

Musings of the London Property Buyers Agents

We’re no experts on the American property market – actually, we know nothing about the American property market but for us in London, a 36% drop sounds like very bad news – normally reserved for the repossessions market.

So has Hef been foreclosed?  Apparently not, but according to the Wall Street Journal, he and Mrs Hef (they split in 1998) have apparently accepted an offer of $18 million, $10 million less than the asking price from 25 year old Daren Metropoulos, the son of C. Dean Metropoulos, a super-successful private equity investor.

The house in question is not Playboy Mansion, where Hugh Hefner still lives with the ‘playmates’ but the smaller version next door where his wife had been living.

So was it just grossly over-priced to begin with or has Hugh taken a hit where it hurts?  There are a few top end drops in London at the moment, but they are almost exclusively the reserve of the handful of people like us in the know.  If you need London Property Buyers Agents who might just be able to secure a similar gem, in London, you can contact us here.

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Rightmove’s best day, but are most people window-shopping?

August 10th, 2009 by Karelia | No Comments | Filed in Property Market News

Musings of the best London Property Buyers Agents

According to Estate Agent Today, Miles Shipside the Commercial Director at Rightmove has announced that they have had their biggest ever day – which is newsworthy, because it comes in the middle of the summer holiday and in the middle of a recession.

Already feeling suspicious, it turns out their second best day was last March, when very little was happening in the property market.  So are people just window-shopping?  We know from anecdotal evidence that people are buying again.  More people seem to be buying this year than last year and there is definitely little stock in many areas in many several price ranges, although we are starting to see an increase in properties coming to the market.

Equally you could argue that everyone is checking up on their house price by browsing house prices for other homes in the neighbourhood.  As for us, Manse and Garret Property Buyers Agents are still forcasting a few bargains before Christmas, and we’re not convinced there will be a genuine surge in house prices in most parts of London, any time soon.

Estate Agent Today

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Bojo and the dodgy shed

August 7th, 2009 by Karelia | No Comments | Filed in London Buyer's Agents, London Property Buyers Agents, london property news

Giggles from the offices of London Property Buyers Agents

What a fabulous story for a Friday blog.

It turns out that two weeks ago, Boris Johnson erected a weird wooden shed on the first floor roof of his Grade II listed home in Angel.  But yesterday, Islington planners instructed him to pull it down after a tip-off from a disgruntled neighbour.  Most people would be pretty fed up that NIMBY neighbours complained and for the planners involvement but according to many newspaper reports, Bojo is apparently ‘grateful for the advice’.  Isn’t that nice?

Maybe Boris has just realised that sticking an ugly shed on top of a roof has tarnished any pretensions he had to being a ‘classy bloke’.

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