London

A collection of luxurious new homes are to be built near King's Road, Chelsea, on a plot which was purchased a few days ago for £85m by a hedge fund.

The new development, called The Glebe, is being tipped to become the most expensive address in London, overtaking One Hyde Park in the process, with experts expecting an individual new home to sell for as much as £35m, if not more.

Derelict rooms above a pub in West Hampstead, North West London, where rock stars such as The Who, Jimi Hendrix and Led Zeppelin have played, are set to be turned into a collection of new homes.

With one year to go until the Olympic Games, many shrewd property investors are strategically adding to their property portfolios by purchasing properties in areas that should benefit from the sporting event.

homes in areas near to the Olympic sites have enjoying a boost in interest from a wide range of buyers in recent years, driving property prices and rents higher.

Property prices in central London reached a record high in July, fuelled by growing demand from overseas nationals, particularly Europeans, seeking to escape economic instability back home, according to the latest Knight Frank report.

The growth in university applications in London in recent years has led to a major shortfall in student accommodation, with significantly more new homes in the sector required, according to property consultant Drivers Jonas Deloitte.

Despite planning consent in place for a number of student housing-related projects in the capital, many of the schemes may find it hard to go-ahead due to problems in raising finance, among other hindrances.

Croydon Council has issued planning permission for the construction of a major development, including 496 new homes in Croydon, south London.

The G15, the group of London's biggest housing associations, will deliver around 13,000 new affordable homes in London by 2015, after securing over £350m in funding from the government.

Family Mosaic has today unveiled the first show homes at Reflections, the company's development of affordable new homes on City Road, central London. The 14-storey tower comprises 50 one- and two-bedroom apartments, many with superb views over the City Road Basin, off the Regent's Canal, or the panorama of London.

Urban regeneration and investment specialist First Base is launching a new mixed-use development of new homes, office and retail space at Highbury Gardens in Islington this Thursday 21st July. The event takes place at the development between 6.00pm and 9.00pm.

In time-honoured fashion, developer Berkeley Homes held a "topping out" ceremony at its landmark 27-storey tower at Woodberry Park, Hackney to celebrate completion of the construction of the building on 13th July. Known as The Residence, the 90-metre tower is part of Phase 1 of the scheme, which offers 306 new one-, two- and three-bedroom apartments and penthouses.