Squires House is pleased to report that the residential investment market has seen some strong improvement throughout the UK, and while London continues to outperform the rest of the country by some considerable margin, certain Northern regions are beginning to see some recovery. Notwithstanding the current economic uncertainty and further speculation of a house price bubble in London bursting once overseas investors seek to move funds to less heated European cities, Squires House has, nevertheless, injected considerable cash resources to facilitate its expansion of its portfolio of investment properties throughout the UK. During the past six months to March 2014, Squires House has purchased a freehold block of six flats which were subject to tenancies and short leasehold reversions in Camden Town London NW1 for £950,000, a tenanted house in Holland Park W11 for £1.8 Million as well as a property in Hampstead Village NW3 let to a long term protected tenant for circa £500,000. As well as acquisitions in London, we have been purchasing portfolios in Windsor, Slough, Lewes as well as in Bath and Devon. Squires House has also acquired properties in Manchester, Cumbria and Doncaster. We have plenty of cash reserves to fund further residential and commercial investments throughout the UK and anticipate the next 6 months to be even stronger than the first.
