Increasing demand and consumer interest saw parts of London’s prime property market rise 1% late last year. However, areas hit by the financial crisis – Islington, Docklands – haven’t fared as well.
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With the current economic scenario, tenants have more choice when they are in search of London flats for home rentals. This is because there is an increased availability of rental apartments London as most landlords in London are opting for rent out option rather than going for direct sell of property London. According to research studies it has been further confirmed that dramatic fall in the real estate prices in the current market scenario has fuelled further increase in the supply of London flat for the purpose of rent. As a potential renter or landowner in London, it is better to take help of letting agents London as they are not all more informed but also has the experience of dealing with property management nuances. There are several property management companies that basically bring under one roof –the landowners, tenants as well as the letting agents. In this way, the gap between demand and supply of homes rental and property London is best handled. The letting agents London will ease your pressure to a great extent by providing with services such as inspection of the property meeting standard regulations, preparing rental agreements as well as negotiating the deal for mutual benefit. Another aspect that needs careful understanding and knowing by the tenants is that the landlord is in a position to pay the installments if the rental apartments London is under mortgage. The best way to do is to find out a credible letting agent in London who would be able to check back on the landlord’s capability of covering mortgage payment so that you do not stand to become homeless even if the landowners London fail to pay the mortgage. However, this may not be possible for every prospective tenant to be. Nonetheless, companies that seek rental properties to make as their company service apartments or holiday homes or guesthouses can afford a little fee to be paid for this service. Again, Landlords property mortgage agreement should be carefully studied so that there is no law breaking if the landowner shares a room in the same premise where the tenant moves in to stay. There exist Association of Residential Letting agents in London and they would be able to take care of all these areas. Again, if potential landowners are unable to sell their property they can rent out to companies for short stay of their employees. The companies are in the spree of cost cut to meet with financial crisis and they would prefer to pay rent rather than exorbitant luxurious hotel charges. Landlords London can make great business by transforming rental apartments in London to affordable business apartments with some additional amenities.
James Davis, founder of online property rental site, www.upad.co.uk, disagrees with reports that London property rental prices have decreased by 15 percent over the last year. Davis comments: “Over recent months, the city has seen a vast increase in the number of accidental landlords, due to the fact that they have been unable to sell their property. And the rules of supply and demand apply, meaning that property rental prices have levelled off. Overall I do not believe they are falling – there remains plenty of potential for many to make long-term gains. Davis considers that the UK (primarily London) is already seeing a shift towards a more European model of renting. As recently published in the English Housing 2007-8 report, 32% of people under 30 were buying with a mortgage against 45% who were renting. In 2001, those figures were 40% who purchased with a mortgage and who 33% rented. Davis comments: “For Landlords wishing to increase portfolio, they should note that yields are much higher today than they were 12 months ago. “Interest rates are at an all time low, which presents a real opportunity for residential property investors. They just need to get their proposition right, and to target the market effectively. However, it is important to remember that property is a long-term investment game – don’t go into it expecting to get rich quick.” -Ends- Notes to editors
upad‘s website deploys bespoke state-of-the-art technology to overcome issues identified by renters such as out-of-date information and poor online experiences. In particular upad enables online searches that are interactive and intuitive to produce relevant properties. With over 82,000 rental properties available in London, upad will continue to add to this portfolio in order to offer the largest choice of homes to rent in the capital. The service will be rolled out across other major UK cities in the next few months. Free to renters, upad costs landlords £59 per listing. For further information and interviews, please contact: Katrina Suppiah/Kate Alexander, Publicité Tel: + 44 (0)20 8543 6582/+44 (0)20 8543 8481/+44 (0)7809 028711 Email: k.suppiah@publicite.co.uk/k.alexander@publicite.co.uk
Aspect Maintenance offer a wide range of building maintenance and refurbishement services designed to take the pressure off you, including carpentry, tiling, glazing, roofing, plastering and decorating throughout London. Refurbishments might be required because you have recently moved house, your existing property is in need of an update, or you have purchased a shell of a building and need the whole property rebuilt from the ground up. For our London property refurbishment and maintenance we only use accredited tradesmen, such as registered Corgi plumbers or NICEIC electrical certificated specialists, which allows us to offer you an efficient, safe and high quality range of services. We have no callout charges for our London refurbishments and offer competitive and affordable estimates and prices. As London property maintenance specialists, we pride ourselves on our reputation for providing a professional service. Our building maintenance services are carried out by experienced and qualified tradesmen who deliver high quality results in a prompt and efficient manner. Services we offer include full property refurbishments, kitchen and bathroom installations, painting and decoration, garden or roof decking, door and window repairs, shelving and skirting, wood staining, varnishing, framing and partitioning, locksmith repairs, double glazed unit installations, glass repairs and much more. We can also carry out ceiling and walls plaster repairs and replacement, floor screeding and levelling, external cement rendering and concreting, wallpaper hanging and both interior and exterior painting. Whatever your building or refurbishing requirements, we have an expert team of experienced tradesmen to complete the job professionally.
A recent homebuyer’s report from Halifax shows a substantial up to 20% growth in the London property prices during the first six month of the year 2007. It sounds like a good news for the sellers. At same time the rising market is more demanding when it comes to the quality of accommodation and therefore it requires additional efforts from the sellers.London buyers are particularly aware of the recent trends and home standards and very often they would like to move in straight away without doing any improvements on the property.
To increase saleability of a property it should correspond to the buyers expectations. An interior designer with experience for pre-sale refurbishment can achieve amazing results in the shortest time. The new bathroom and kitchen are leading the hit parade of the home improvements that would increase the value of the property…..assuming it is done properly and preferably professionally. Low quality DIY jobs completed wihout any knowledge of building regulations and current interior design trends would not increase the value of the property but can even decrease it. To avoid costly mistakes it pays off to comission a professional interior design specialist. A designer would be able to conceive, organize and supervise the project making sure that the final result would greatly appeal to the prospective buyers.
Saving on materials used for the work is another reason to employ an interior designer who would know exactly where to purchase necessary materials and appliances and would pass 10-20% discount to the customer. Another reason is time management. Many property owners don’t quite realise how much input of time and knowledge their project will take. It is particularly difficult when one is in the regular employment, that means that the project might last for years robbing of relaxing week-ends and in the end the final product would not necessary be ideal.
The skills of an interior designer are frequently used by the property developers. Although most experienced property developers would nearly instinctively know what type of interior finish would appeal to their market, they find that contracting an interior designer achieve better standards thus increasing the price of the property and consequently their profits. Many prestigious residential developments around the country and in London in particular would pride themselves in the quality level of their new homes. An interior designer would add a “wow factor” and a special home comfort touch to the interiors which would make them more marketable among style-conscious new buyers.
It is a common knowledge by now that attractive properties have higher rate of success with the prospective buyers. They conquer the hearts from the first visit and as a rule never stays on the market for long time. Even if one doesn’t want to make a total refurbishment of the house it would make sense to invite an interior design specialist to advise you on some inexpensive but highly valuable improvement in the interior. We get used to our interiors but very often the interior created would only appeal to the limited number of prospective buyers and therefore some changes are essential to achieve a sale. In the recent years such interior design service as home staging is growing up in popularity. A professional interior designer would help to create a fresh appealing to the potential buyers look by de-cluttering the space, changing furniture layout and adding a few stylish accessories. The results wouldn’t make you wait…
There are many interior designers in London; look for their membership/affiliation to the professional bodies. So why not contract an interior designer and … increase the value of your property?
The property industry has been expecting a fall in rising house prices for some time, but it’s still a jolt when it finally arrives. In October house prices have fallen across the UK for the first time in two years. Rising interest rates, rising mortgage fees and the squeeze on credit are all finally taking their toll.
The London mortgage market outlook is looking fairly bleak as it appears that those who are well off are losing confidence in property as an investment vehicle. City bonuses have seen a sharp downturn which could affect prices of property in prime London. There could also be a knock-on effect on commuter areas and second home locations such as the South West, East Anglia and the Cotswolds.
Many homeowners have been banking on ever-rising prices to increase their home values which many regard as an investment in itself, to help fund their old age.
Up-market property agent Savills has forecast that there will be a 60% fall to £2bn in the amount of money flowing into prime London property and second and third homes. Central London, it says, will see at least six months of falling prices. This follows a boom in London that has outlasted nearly every other UK region, most of which have seen falls in recent months.
The mortgage London market also received a blow recently when the International Monetary Fund said that Britain’s housing market was overvalued by up to 40%. In October house prices slipped back by 0.1% following two months of stagnation.
A new warning has come from the US, that Britain will not escape the fallout from the recession in US property. Robert Shiller, Professor of Economics at Yale University, forecast the end of the dot.com bubble in March 2000, and he says the property slowdown in the UK will start in London.
Savills agreed that the top end of the property ladder and the second-home market could be hit hardest because high earners are beginning to look elsewhere for their investments as they no longer see property as a good buy.
The Centre for Economics and Business Research has suggested that the housing market would shrug off the difficulties within a year and that by 2010 annual growth would be back at up to 7% because of an imbalance of supply and demand.
The pressure on financial instituions resulting from the credit crunch has meant that mortgage interest rates have been going up, and fees too, even without a rise in the Bank of England’s base rate since July. Finding a mortgage in London is tough, and consumers are well-advised to shop around.
Meanwhile, a recent study for the Channel 4 programme Location, Location, Location has named five London Boroughs among its worst places to live in the UK – and none in the top twenty best places to live. Six criteria were used to rate each borough: crime, education, environment, lifestyle, health and employment. These were weighted and used to judge a place’s desirability based on what would be most important to people if they moved home.
Nelspruit-, East London- and Rustenburg property all represent a firm investment for the keen property owner. Both the northern and eastern interior of South Africa contains areas that are ripe for development and/or the purchase of a second home or holiday house. The population in these areas are low and the mood friendly and welcoming. Relax and revive your soul in these peaceful destinations or find your place in a society that welcomes peaceful inhabitants from all across the world. Choose to escape from the busy pace of city life and enjoy your new lifestyle in your choice of East London-, Rustenburg- or Nelspruit property. · East London With warm weather all year round, East London property is the perfect investment for those who require the ideal holiday home. Affectionately known as ‘Buffalo City’, East London is 1000 km’s from the city of Cape Town, yet shares the same gentle waters of the warm Mozambique current. Even though it is the second largest city in the province, a true feeling of warmth and kindness will ensure that your life in East London is a wholly appealing one. Along the sun kissed shores of the coast, many kilometres of unspoilt sand and crystal-clear waters ensure that your holiday home (located on this gorgeous shore) has views to parallel even the most stunning of beachside resorts. Deluxe East London properties are on the rise, so throw your nest egg into a home on the coast and live life in a rapidly developing community of fair-priced accommodation. · Nelspruit The fertile capital of Mpumalanga contains the most luscious Nelspruit property you could ever find. Sixty kilometres from Mozambique and 330 kilometres from Johannesburg lies the city Nelspruit, a major stopover point for travellers of all persuasions. When you purchase property in Nelspruit, it is highly likely that your view will include giraffes, zebras and other animals feeding directly on your doorstep. Many of the homes are aesthetically unique and feature designs such as innovative entrances, luxurious Koi ponds, hiking paths and much more. These homes are perfect for those who entertain often and even for those who wish to live inside a working nature reserve. Two major airports will keep you in touch with the rest of the world. Come 2010, many will rush to purchase a piece of this prime FIFA World Cup location, so secure your property in Nelspruit today and discover why everyone is rushing to purchase a piece of north-eastern property. · Rustenburg This is Rustenburg property. A delightful mixture of quaint family homes and perfectly located businesses, Rustenburg property is indeed your answer to a home away from home. Leave the busy urban sprawl of Johannesburg and come home to Rustenburg, which is conveniently located only 90 minutes from one of the world busiest cities. This is the fastest growing city in Africa, and with good reason; top educational establishments, a selection of first-rate jobs and stunning views ensure that your experience in Rustenburg cannot be beat. Go horse riding through the bushveld or explore the lush, natural surroundings on foot. Rustenburg property has amazing character with thatched roofs, (and ridiculously low prices as bonus). Take a break from the hustle and bustle of city life and take it down a notch with a prime piece of Rustenburg property. A solid investment for any grounded individual.
The prices of prime residential property in London have increased in the last two months, according to the Knight Frank Prime Central London Index May 2009. Prices of properties in locations such as Mayfair and Marylebone have risen the most. There are more buyers who are now interested to buy a Central London property and the deals are beginning to shift upwards. The availability of cheap debt and the coming of age of overseas investors have contributed immensely to this trend. The people wanting to buy a central London property are showing their interest in two bedroom flats and medium sized family houses in the best locations of Central London. There are many who are considering a Central London property as an investment that would earn them returns in the foreseeable future. The money that is being invested is varying in scale though; some people are buying in their individual capacities. Others are buying apartment blocks or investing in joint ventures of a larger magnitude. There are quite a few real estate agents – dealing in properties in Central London – that are coming up to meet the unique needs and requirements of these investors and buyers. These estate agents are introducing the investors with the developers of prime properties in the area and assisting them in securing loans from banks and finance houses of repute. The estate agents are acquainting the buyers with property tax accountants and solicitors to facilitate the buying of properties in Central London. And the people buying a Central London property are not repenting their decisions. With a buoyant individual house market and new developments in the housing sector in London, there is an increasing demand for accommodations, which is making these investments pay rich dividends. An owner of a Central London property is not having much difficulty in finding tenants. Large corporations wanting to find the right accommodations for their staff often prefer prime locations. The buildings offering security and comfort with additional features such as parking facility have an edge over others in the property market in Central London. And how can you ensure that you get yourself a prime Central London property that would guarantee some terrific returns for you? The best way to do so is to get in contact with the âbestâ Central London estate agents, who could help you get the perfect investment property in the area. Some of these estate agents come with their own web sites and so connecting with them is not difficult. The potential investors can visit their sites to know more about new property developments London and invest wisely and well. |
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