What is fractional ownership?

April 10, 2009 · Filed Under Construction, Costs, Dangers, Investments · Comment 

There is lot of talk about fractional ownership these days, it is like a timeshare for property owners who can buy a place in London that would normally be out of their reach, but at the same time, the owners share the costs.
However, what does fractional ownership mean? Below are the main points that make [...]

Property rentals in London fall

January 27, 2009 · Filed Under Costs, Market, Power, Rental · Comment 

It seems that renting a flat, apartment or even a house is much cheaper than booking into a hotel when visiting London; this is just one of the side effects of a falling property market.
It may seem astonishing that tourists could pick up a nice well-situated apartment in central London for less than what [...]

Squatters who have taste

January 23, 2009 · Filed Under Costs, Dangers, Land, Property · Comment 

An organised group of squatters have moved up market and taken over a seven storey building in the heart of Mayfair that is said to be owned by the Duke of Westminster and have an estimated value of £30 million.
Apparently, there was an open door in the basement of the building, which allowed the squatters [...]