Hints and tips:
...Susan Cox, a ballroom dance instructor from nearby Sterling, called him a “class act”, adding: “I really do think he cares.”...
...British and European buyers have long dominated here, although the weakness of sterling against the dollar prompted a spike in US purchasers, such as the Mullers....
...Sterling’s weakness against the dollar — in which many hold their wealth — is an important factor in the prime central London market, according to estate agents and developers....
...A property of comparable value at current exchange rates — say $6mn — in Suffolk County in the Hamptons would be taxed at more than $100,000 per year....
...First-time buyers such as the Ahmed brothers will be hardest hit by rising rates, says Aneisha Beveridge, head of research at Hamptons....
...In his expanded advisory capacity, he has aligned himself with a roster of peers: Liz Sterling and Rick Wester in New York, Xiaoming Zhang in Shanghai (the Chinese-language version of The Baer Faxt has around...
...More than four-fifths of respondents considered their boards to be diverse in terms of gender — reflecting efforts to encourage women to take board seats following the Hampton-Alexander review — but less...
...He trails closely behind Goldman Sachs boss David Solomon, who, if he hadn’t already made his views clear when he admonished a junior banker for dining in the same Hamptons restaurant as him in the middle...
...“In pound sterling terms, prices in London have gone sideways, and in real terms have gone down for the past six years. What you’ve really seen is a soft correction in London,” says Donnell....
...While their counterparts in New York have been able to retreat to the Hamptons, there are no such bolt-holes in Hong Kong....
...The relative weakness of sterling must have been a factor — the pound fell below $1.20 at one point in September....
...Some point to the drop in sterling since the referendum as a big draw for international buyers of all kinds....
...“Sterling’s weakness, making it cheaper for many international buyers, seems to be outweighing Brexit uncertainty,” says Aneisha Beveridge, head of research at Hamptons International....
...The first quarter of this year was the slowest for commercial property in 10 quarters, according to data from real estate consultancy Lambert Smith Hampton....
...(FT) Why are homes in the Hamptons losing value?...
...“Sterling’s depreciation since 2016 undoubtedly makes it cheaper for international buyers to purchase property in Great Britain....
...CFO Nick Hampton, a former senior PepsiCo executive who joined the company in 2014, will replace him....
...New York’s Museum of Arts and Design has devoted a show to the ceramic output of the multimedia artist Sterling Ruby (to March 17)....
...“In prime central London, there’s a feeling that it’s relatively cheap to buy in London for non-sterling buyers,” said Ms Earley....
...The international market — drawn in by the fall in sterling — is strong....
...first quarter of 2017 European buyers were supplanted as the largest overseas group by Middle Eastern purchasers, who have returned to the market thanks to a recovery in oil prices, plus the weakness of sterling...
...Adjusted pre-tax profits — excluding one-off charges — of £140m, included a £15m sweetener from sterling’s fall in value....
...Sterling’s fall after the vote in June effectively offers them about a 17 per cent discount....
...third quarter of 2016, Chinese purchases of upmarket London homes rose to 2.6 per cent of home transactions from 1.8 per cent the previous quarter, reversing a period of decline, according to estate agents Hamptons...
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