The last four decades has seen a significant shift in the nature of the properties people live in. This is highly visible when we look at the numbers of people living in properties designated as council housing. Whereas during the late 1970s around 42% of the population lived in council housing, the latest figures show that figure has now fallen below 8%. When we factor in how dramatically our population has increased over that period, it makes the falling number seem all the more astonishing. Continue reading
Waltham Forest enjoys record property prices
One of the aims of the 2012 London Olympics was to serve as a catalyst for regeneration in the four London Boroughs which were selected to host games and events. It is now almost four years since the games, and success has clearly been reached in this aim. Waltham Forest was one of the four Boroughs to serve as host, and the exceptional increase in the number of valuable investment properties in this area of London shows the long lasting success achieved through regeneration. Continue reading
A positive outlook for January
We’re at the beginning of a brand new year, and January is expected to be an excellent month for rental growth in London’s prime sector, according to a recent report from estate agents Marsh & Parsons. The period is typically the strongest for growth outside of the summer months. In each of the last three years December to January has seen an average 34% increase in rental exchanges. It is expected that 2016 will follow this trend as people look to make changes to their domestic situation at the very start of the New Year. Continue reading
Directly commissioning new homes
Prime Minister David Cameron announced recently that the UK Government will be stepping in to directly commission new homes to be built on public land. The plan is to build up to 13,000 new homes with around 40% of them designated as starter homes specifically aimed at first time buyers. It is hoped that the strategy will help to encourage more people to purchase their own home. Continue reading
Management for landlords with multiple tenants
For many years, the traditional dream was for people to grow up, buy their first home and start a family. This tradition has changed dramatically in the last few years and research shows that today’s major milestones and expectations are extremely different to those experienced by the last few generations, largely due to the effects of social and financial changes. Continue reading
The leading name for guaranteed rent services
The level of demand for residential property is increasing nationwide. Despite many concerted efforts to ensure there is an adequate supply to match the demand, in certain areas of the country this is simply impossible to achieve. London is the area which currently has the highest level of disparity between supply and demand. This situation means London property investors have the potential to gain outstanding long term returns on their investments, particularly through guaranteed rent. Continue reading
Rental prices in the City of Westminster will rise in 2016
Prime property rental prices in London are predicted to rise throughout January which will kickstart a recovery of top end rents in 2016. The pace of top tier rents slowed down somewhat throughout 2015, and significantly weaker activity created a slightly difficult climate for rental growth. However, a report released from Marsh & Pearsons forecasts a resurgence which will see rents rise by 5% over the next 12 months, a considerable uplift from the 1.9% increase last year. Continue reading
Deciding between lettings and sales
As we rapidly approach the end of 2015 and the beginning of a brand new year, there is a general consensus that property prices will continue to rise across London, increasing by an average of 5% over the course of the year. While this is slightly below an expected national average of just under 6%, it remains a significant level of return. The main driving factor for the projected increase is the demand for property in London far exceeding the current supply levels. Continue reading
Make us your ideal tenant
For any investor, the ideal scenario is to make a substantial level of returns from a minimal use of time and resources, but it is a situation that few are able to reach. As a professional lettings agent in Kensington and Chelsea, we can take you as close as possible to achieving this goal with our guaranteed rent service. Continue reading
A record fine for failure to obtain planning permission
London is one of the property development capitals of the world, but developers need to be careful when designing projects if they want the work to go ahead without a hitch. It is vital to ensure they obtain relevant permission before any construction begins so that they are certain the designs and plans are appropriate and acceptable. Once this is obtained the builders must stick to the plans; deviations and late changes to the design could result in problems. Continue reading
