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Commercial Real Estate Investments in Q3 2020

In Q3, the volume of commercial real estate investments was 41% lower than last year and 63% lower than the average of the past 5 years, even though it did improve compared to Q2. The values went up thanks to the biggest deal of 2020, that is, selling 25 Cabot Square, an office building in Canary Wharf in southeast London for £380 million to Link REIT. The deal was an impressive debut of the Hong...

AZ Real Estate team: Our Guide to Festive Films

Just before the holidays we’d like you to meet our team and share our holiday spirit. We asked each member of our team to name their favourite Russian and foreign films devoted to the holiday season.  All in all, welcome a great selection of films that go perfectly with salads and tangerines!  Alisa, CEOMoscow - London ⭐ Charodei  ⭐ Elf Анна, investment advisorSaint Petersburg - London...

Will Zoom Become for Office Real Estate What Amazon Became for Street Retail?

In 2020, the offices of London became deserted. By Q3, the volume of rental transactions in office real estate dropped by 71% from the same period last year and by 67% on average compared with the level of the previous 5 to 10 years. Lockdowns and restrictions resulting from the global pandemic made paying office rent more complicated, as many London-based companies vacated their offices as early as...

Briefly on the residential property market

Despite the forecasts, 2020 is looking more successful for the UK residential market than the previous year. Compared to autumn 2019, prices across the UK increased on average by 5.5% — a record rise in recent years; in London, this figure reached 2.4%. The number of sold properties was also significantly higher than in 2019. According to LonRes, the number of properties going under...

Stamp Duty holiday until April 2021

In July a Stamp Duty Land Tax (SDLT) holiday was introduced in the UK in order to maintain the activity of the real estate market and spur demand during the difficult time of the pandemic. So, what does this mean for the buyers:  1. Any property buyer will save £15 000 on their purchase until the 31st of March 2021, due to the raising of the tax-free threshold of purchase...

Deal of the year: records despite the lockdown

At the beginning of the year, we started looking for a property to acquire for our clients in South Kensington. Their search focused on the proximity to Hyde Park on its southwest side. Ideally, they wanted a house on a specific quiet street that they knew well and simply loved. We checked many options ourselves and viewed plenty of apartments and houses with the client, but there was nothing...

Good news for investors in UK Real Estate

"Friday the 13th" this week brought, in my opinion, excellent new year's news for the entire UK property market, and especially for the investors who were interested in London, but waited in anticipation. The Conservative party won the parliamentary election majority, gaining the number of seats that has not been seen since Margaret Thatcher in the late 80's. While counting the votes, the pound hit the...

Alisa Zotimova talks about work after sanctions

  Russian TV channel 'Sedmoy kanal' interviewed Alisa Zotimova for a new piece of the project 'Our People. London'. In thes series main focus is on people from Russia who decided to do business in London. Watch the video for more information (in...

Popular Russian media Echo Moskvy published article by Alisa Zotimova

Director of AZ Real Estate shared her thought in the article 'Colivings as cure for loneliness'. The concept of colivings is that the residents (usually young people, but not only) along with a comfortable home get an opportunity to form social connections and communicate with like-minded people in the living room - the place where coliving residents gather to get to know each other, discuss the current...

Alisa Zotimova commented on The Candy Brothers for DealMakerz

  They dared to go bigger, bolder and more lavish than what had come before them, which deservedly helped carve out a name that is synonymous with luxury. As with any big personalities and the insatiable tabloid hunger for gossip, their private lives have come under the spotlight. Perhaps they don't actually mind themselves - but I would argue that it hasn't helped their reputation and has diverted...

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