It has been in the news recently that the Airports Commission is calling for a third runway to be created at Heathrow Airport, in the London borough of Hillingdon. It is expected that the government will make a decision on the proposed expansion by the end of 2015. It is thought that this new runway would create up to 70,000 new jobs and bring an extra £147bn to the UK economy, but not everybody is happy about the proposal. Continue reading
Mayor’s new housing zones spell good news for investors
In response to the housing shortage, the Mayor of London has recently announced plans for a further four housing zones across the capital. This reflects the need to accelerate efforts to deliver the new housing that the ever-expanding city needs. The new zones in the borough of Redbridge, Enfield, Havering and Tower Hamlets will collectively provide the city with 12,000 new homes. This will raise the number of housing zones announced to 15 with a total of 49,105 homes created. 14,055 of those homes will fall into the affordable category. The Mayor’s £162 million contribution to the new zones is a result of the collaborative effort between local boroughs, the Government and the Greater London Authority. The aim is to accelerate the development of areas that would not normally benefit. Continue reading
More banks say yes to mortgage applications
According to the British Bankers Association, May saw the number of approved mortgages soar to its highest level since 2014. High street banks throughout the UK approved almost 73,000 mortgages, compared to a 20 month low of just over 60,000 in December. The size of approved loans for property purchase also rose to almost £170,000, in comparison to two years ago when a typical loan was approximately £159,000. The rise in successful mortgage applications is consistent with the trend we have seen since the beginning of 2015 and confirms the buoyancy of the property market. Continue reading
Confidence returns to central London
For a while, confidence was drained out of the most prestigious sector of London property. The uncertainty of the election meant that many investors were extra cautious, turning away from luxury properties. Part of this was the prospect of mansion tax, which would have been introduced in the event of a Labour victory. However, when it emerged that we would continue to have a Conservative government, any confusion over impending changes were quickly cleared up. Continue reading
Renters and buyers flock to Hammersmith and Fulham developments
The Fulham neighbourhood of Sands End has been referred to as a triumph of development. This once cut-off corner of the capital has grown into a fashionable residential quarter a world away from the grim industrial land it once was. The construction of Chelsea Harbour inspired residential developers to take a fresh look at the location and recognise its potential. Over time, developers have transformed the area into a collection of highly coveted flats and houses and one of Fulham’s most highly sought after addresses. Continue reading
Consider investing in Hackney property
Hackney was once a relatively forgotten East London suburb, but it has since transformed into one of London’s most exciting and fastest growing areas. Recent years have seen the arrival of many creative industries and new businesses in the borough as a result of improved infrastructure. Hackney is now one of the most popular places in London for property investors, as it has so much to offer a diverse range of people. Continue reading
Make a smart investment in fast-growing Greenwich
One of the biggest challenges for any property investor is finding the right place to actually invest. There are many different possible locations to choose from in London, each with their own advantages and disadvantages. Figures have revealed that in 2014, Greenwich was the most active location for house sales, which means it may be well worth considering an investment here. This exciting borough could represent a sound investment as long as you select the property carefully. Continue reading
Enfield and Bromley amongst lucky lottery towns
Since it began back in 1994, the National Lottery has distributed over £40 billion to successful ticket holders. Recent research has revealed the London boroughs of Enfield and Bromley hold the 5th and 7th positions in the top ten luckiest National Lottery towns in Britain. Enfield boasts over 1,400 lottery winners, including 42 jackpot scoops and a further 180 people banking prizes higher than £50,000. The total prize money won by Enfield residents has surpassed the £100 million mark. Continue reading
Profiting from the high level of property demand
The lack of available housing in London at the moment is a fact that pretty much everyone in the city, if not the country, is aware of. Although all of the London Borough authorities are working towards addressing the housing shortage, the private sector also holds potential as a way to ease the pressure. We are committed to helping property portfolio owners in London gain exceptional returns on their investments, whilst also assisting to address the housing shortage by handling council leasing in Ealing and throughout all other London boroughs. Continue reading
Caring for and supporting our community
In London, there are many people in need of help and assistance with their accommodation. Our care and support services are designed to provide a helping hand for both adults and youth. We provide support, accommodation, property management and block management in Croydon and all other areas of London, helping vulnerable individuals and their families to reach their full potential. We are dedicated to continuously developing and honing our services to deliver the best possible results to our customers. Continue reading
