London property prices breaking new ground
In September 2012’s edition of the Receivership Update, Walker Morris’s article ‘London calling…’ discussed the rising disparity in property prices between the north and the south and, indeed, between London boroughs themselves.
This division appears to breaking new ground, with news in April that the most expensive house ever sold in the UK achieved a £250m price tag in the same week that the cheapest house ever sold (aside from the rare occasion when estates have been given to developers for free by local councils) was released for the grand old price of £1.
The differences between the two properties are undoubtedly numerous (the latter property for instance is in a state of dilapidation requiring major renovation) but given that one property is in central London and another in Stoke-on-Trent, the juxtaposition in values provides a useful indicator of one of the key factors behind the current housing crisis and should make interesting reading for receivers looking to realise property assets up and down the country…
If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
What’s coming up: the major cases, government policy changes, and litigation and dispute resolution legislation to look out for in 2015
We know that it is important for businesses to be aware of upcoming legal and regulatory changes, so that they can plan ahead. View Walker Morris’s summary of some of the key upcoming decisions in major cases, changes to government policy and forthcoming legislation relating to litigation and dispute resolution in an easy-to-use table by clicking the link below: http://www.walkermorris.co.uk/whats-coming
The answer is yes, if they were not created as part of a genuine attempt to settle an existing dispute.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.