Tag Archives: ukraine
Landlords of sought after lets in London getting 12 months rent in advance, research shows
Price may be falling in some parts of the prime London property market but new research shows that rich tenants are paying the entire cost of six or 12 month tenancies and deposits in advance in a battle to secure homes in London’s best addresses. A typical wealthy up front tenant letting a two bed flat in London's West End on a £3,500 per week let are willing to pay the landlord over £200,000 up front before moving in, according to the research from lettings firm E J Harris. Indeed in the first 10 weeks of 2015 it is estimated that over £100 million has been paid up front by affluent tenants, many of whom are part of a new breed from countries such as Russia, the Ukraine, China and Nigeria. The research suggests they are business people, socialites and students from very wealthy families and are able to pay anything from £9,000 to £10,000 per week on a luxurious residential property in London’s best addresses. In a normal year one in 10 tenants in the prime central London will typically pay their entire rent and deposit up front in order to secure the property they want, however this year this has jumped to one in five tenants. According to the firm this surge in up front rental payments since the start of 2015 reflects the current frenzy in the London lettings market as stamp duty and pre-election mansion tax concerns have turned vendors into landlords and buyers into tenants. The Central London £2 million to £20 million sales market has stalled and been replaced by a buoyant lettings market for properties within the same value range. The top 10 locations for up front rental payments are Mayfair, Belgravia, Knightsbridge, St James’s, Soho, Fitzrovia, Marylebone, Westminster, Chelsea and Kensington. The top London address for up front rental payments is Mount Street in Mayfair where over 80% of the tenancies are secured by up-front payments and the firm says that this is because the number of tenants seeking properties on Mount Street vastly exceeds supply. Mount Street is closely followed by Mayfair’s Dover Street, where 70% of tenancies are secured by upfront payments. This is followed closely behind by Eton Place in Belgravia, Trevor Square in Knightsbridge and St James’s square where over 60% of tenancies are secured by up-front payments. In Ward our Street in Soho, Charlotte Street in Fitzrovia, Cadogan Square in Knightsbridge and New Cavendish Street in Fitzrovia over 50% of the tenancies are done by up-front payments. ‘The dramatic rise in up front tenancy payments is driven by several factors. Stamp duty and mansion tax concerns has turned purchasers into tenants and so competition has risen for the best homes which has led to a rise in up front bids,’ said Elizabeth Harris, managing director of E J Harris . ‘Alongside this the London lettings market has become increasingly international with a new wave of wealthy tenants from Russia,… Continue reading
Russian troops smash their way into Ukrainian base
Russian troops smash their way into Ukrainian base (Reuters) / 23 March 2014 The facilities at Belbek and Novofedorovka had been among the last still under Ukrainian control after Moscow’s armed takeover and subsequent annexation of Crimea. Russian troops smashed their way into a Ukrainian airbase in Crimea with armoured vehicles, automatic fire and stun grenades on Saturday, while Ukrainian forces abandoned a naval base after attacks by pro-Russian protesters. The facilities at Belbek and Novofedorovka had been among the last still under Ukrainian control after Moscow’s armed takeover and subsequent annexation of Crimea, which has a majority ethnic Russian population and harbours one of Russia’s biggest naval bases. A Reuters reporter said armoured vehicles had smashed through the walls of a compound at the Belbek airbase and that he had heard bursts of gunfire and grenades, making the takeover one of the more dramatic of Russia’s largely bloodless occupation of Crimea. Russian forces had already seized Belbek’s airstrip and warplanes at the start of the crisis. The compound seized on Saturday contained barracks, arms depots and a command building. Colonel Yuliy Mamchur, the commander of the base, said a Ukrainian serviceman had been injured and that he himself he was being taken away by the Russians for talks at an unspecified location. After the Russians entered by force, Mamchur told his troops he would inform the high command that they had stood their ground. The soldiers applauded, chanting “Long live Ukraine!”. Many stood to take pictures of each other in front of the blue and yellow Ukrainian flag, which continued to fly over the base. Asked if he thought he would return safely, Mamchur said: “That remains to be seen. For now we are placing all our weapons in the base’s storage.” Earlier, an unidentified Russian officer with no rank insignia had gone to the fence to try to negotiate a surrender, but had been rebuffed by a Ukrainian officer with the words: “We have no documents from the Ukrainian president stating that this is Russian soil. Bring me such a document and we will leave.” Ukraine’s naval base at Novofedorovka, near Sevastopol, was vacated after unarmed pro-Russian protesters attempted to force their way in, Ukrainian military spokesman Vladislav Seleznyov said in a Facebook post. He said the Ukrainians had first repelled the protesters with smoke bombs, but then left of their own volition. He quoted a sailor at the base as saying the Ukrainians had walked out singing their national anthem and waving the Ukrainian flag. Seleznyov also said Ukraine’s only submarine, the Zaporizhya, had been taken to Sevastopol’s Yuzhnaya Bay by Russian forces on Friday. “The Ukrainian commander left the submarine, refusing to raise the Russian flag. It has been seized,” he said. There have been few casualties since Russian forces started seizing control of military facilities in Crimea, though one Ukrainian serviceman was killed and two others wounded in a shooting in Simferopol earlier this week. Ukraine’s Defence Ministry said on Friday that Crimea’s bases were still formally under Ukrainian control, but most are now occupied by Russian troops and fly Russia’s tricolour flag. On Friday, extravagant firework displays were staged in Crimea and Moscow to mark the formal unification of the peninsula with Russia, which Kiev and Western leaders refuse to recognise and have answered with sanctions. For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes , and on Twitter at @khaleejtimes Continue reading
Women and children first as Russian forces seize base
EU takes aim at Russia economy as Kiev plans Crimea pullout (AFP) / 20 March 2014 The European Union is under intense pressure to find a credible response to an explosive security crisis on the 28-nation bloc’s eastern frontier. European leaders were on Thursday to debate biting economic sanctions against Russia for its annexation of Crimea as Ukraine tore up key ties with the Kremlin and drew up plans to evacuate its nationals from the rebel peninsula. The European Union is under intense pressure to find a credible response to an explosive security crisis on the 28-nation bloc’s eastern frontier that NATO chief Anders Fogh Rasmussen on Wednesday called “the gravest threat to European security and stability since the end of the Cold War.” But the Kremlin has warned repeatedly that it would strike back hard if confronted with a new wave of Western punitive measures that EU nations — their energy and financial sectors intertwined with Russia’s — would keenly prefer to avoid. Russian President Vladimir Putin will also find himself on the diplomatic defensive in Moscow when he hosts United Nations Secretary-General Ban Ki-moon, as the global community almost unanimously views Russia’s absorption of the Black Sea region as illegal. But world anger has done little to halt unchallenged Russian military advances that prompted Kiev’s new Western-backed government to acknowledge preparing a Crimean evacuation plan for thousands of its soldiers and families. Tensions eased somewhat in the region on Thursday morning when acting president Oleksandr Turchynov announced the release by Crimean militias of Ukranian navy chief Sergiy Gayduk. Turchynov had threatened the Crimean authorities with “an adequate response… of a technical and technological nature” unless they immediately released Gayduk and several others seized during the storming of Ukraine’s naval headquarters in the port of Sevastopol on Wednesday. His call was backed up by Russian Defence Minister Sergei Shoigu — a signal that even Moscow considered some of the militants’ actions outside the bounds. Yet the pro-Kremlin troops’ march across the mostly Russian-speaking region roughly the size of Belgium has been unhalting since the day Putin first won the right to use force against his ex-Soviet neighbour following the November 22 fall there of a Moscow-backed regime. Kiev’s untested leaders and their Western allies now fear that Putin has set his sights on the Russified southeastern swathes of Ukraine as part of his self-declared campaign to “protect” compatriots from the more nationalistic forces who rose to power on the back of three months of deadly protests in Kiev. “Our major concern right now is whether he (President Vladimir Putin) will go beyond Crimea, whether Russia will intervene in the eastern parts,” NATO chief Rasmussen also conceded on Wednesday. Ukraine has responded by seeking protection from Western powers and planning on Friday to sign the political portion of a broad EU Association Agreement whose rejection in November by Ukraine’s pro-Kremlin president Viktor Yanukovych sparked the protests that eventually led to his fall. Kiev on Wednesday also announced plans to withdraw from the Moscow-led Commonwealth of Independent States (CIS) alliance that replaced the Soviet Union and to slap visas on Russians who sought to enter the country. For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes , and on Twitter at @khaleejtimes Continue reading
