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March 8, 2012
The Italians are heading to the UK. A latest London property report reveals that Italians have replaced Russians as the biggest financial investor group, something that hasn’t occurred in several years.
The data shows that despite the 11% rise in London property prices over the last year, sale volumes are at an astounding 85%. With all the recent real-estate developments around the UK, researchers have expressed surprise that supply has not been able to keep up with demand. It is clear however, that Central London has captivated real-estate investors. The sustained growth that has occurred since 2009 hasn’t showed any intentions of flatlining.
Regents Park estate agents have commented on the recent boom and its effect on house-owner’s attitudes and their desire to profit from the recent price hike. Prime Marylebone property has recently become available, with surges of house-owners putting their houses on the market. They are increasingly finding security in foreign cash flow, with overseas clientele flocking to the streets of London to buy real-estate. Considered a secure asset, the purchases being made by the Italians and the Russians showcase the health of the London property market.
The forecasts from last year, concerning the 5% price increase of Central London property, appear accurate; current Central London property prices and sales figures are indicative of an upward climb. With the Olympics coming up, as well as the London Sundance Film Festival and the recent influx of booking enquiries, the positive market data promises real-estate owners further growth. Celebratory parties hosted by London property agents are predicted if markets continue to flourish in this manner.
February 22, 2012
It’s very exciting when you’ve bought and are about to move into your first home. Not only is this your private sanctuary, free from prying eyes, but it’s also your haven to create an ambience that compliments your temperament, and also an exercise in learning more about your personality and personal decor taste. However, style and decor are one thing, necessities are entirely different and most definitely priority in your first home. These require serious thought before you run off to buy new sofas and microwaves.
There are several things that will make living in your first home a lot easier and one thing is definitely a well-stocked tool box. This is an essential kit to ensure your sanity and the maintenance of your home. Also stock up on paint, paintbrushes, sandpaper, drop-cloths and turpentine. Individuals who have moved into all types of property from Marylebone property to Kensington property will tell you, for your first home be prepared with the necessaries.
Change your locks: This is really important on the list of things you need to do before you move into your first home. Previous tenants or owners probably gave their friends, or family, a set of keys. Some tenants often give a set of keys to housekeepers or contract workers who have done work at the house, so be safe and change the locks before moving in.
Hosepipe: This is the last thing you may think is necessary, in fact it’s the last thing you’ll think about when moving into your first home, that’s why you need to know that it really is a major necessity. Washing away gunk and grime that’s often left around in front and backyards, does happen and you want to be prepared for it.
Don’t forget a lawnmower. You wouldn’t want to rumble through a jungle trying to find your house. It makes a huge difference to your first home. Keeping the garden impeccable helps with your sanity, and boosts the pride factor.
Enjoy the excitement of your first home because there are few things in this world that match the intense happiness of owning your first home. That’s why if you’re buying a Hammersmith, Chelsea or Bayswater property as your first home, make sure you’re prepared with necessities before luxuries.
September 23, 2011
London is the location of choice for multinational corporations looking to establish a presence in the European market. In fact, the British Council for Offices reports that many large international companies will only look at commercial property options in central London. Executives at BCO say that a growing number of business leaders feel that only commercial properties in the UK capital can meet their specific requirements.
This is great news for central London estate agents, and hardly surprising considering the quality of commercial properties in the city of London. New developments in the capital, such as the Heron tower and The Shard at London Bridge, have become some of the most sought-after commercial London buildings. Despite its reputation as the most expensive place in the world to lease commercial property, London’s West End continues to attract businesses from all over the globe.
According to the British Council for Offices, most international firms are currently looking to buy or rent commercial property surrounding London’s Circle line tube transport route. Businesses are also choosing to occupy properties in previously neglected areas, such as the districts between the central city and the West End. Rental prices in this are typically lower, and there are plenty of opportunities for new commercial property developments.
The most popular up-and-coming areas for commercial property rentals in London are Holborn and Bloomsbury, and the BCO predicts that as the market improves, central London properties will continue to see growing interest from international tenants. Estate agents Bayswater will tell you that the prices of London’s prime commercial properties are also expected to rise before the end of 2011, despite the fact that they have already reached a record high.
With the 2012 Olympics just around the corner, the city of London is likely to see some exciting new commercial property developments – and a boost in demand – during the coming months.
March 31, 2011
With the recession still fresh behind us and people still finding their feet, it is surprising that the demand for UK property is on the rise. Estate agents reported that activity in the UK property market has surged since the winter slowdown. With the demand on the rise property has stocked up as well. There has been a boost of stock levels by the injection of new properties in the beginning of 2011.
The latest review reported that there has been a 90% increase in registration in one month. UK property in London central has especially been popular for both local and foreigner investment. The Middle East alone owns 20% of the prime properties in central London, up from 12% in previous years. Large family homes will continue to see price growth and that is a market which will always progress to drive activity. The area outside London has also been seeing brisk activity. Young couples with starting families seek properties with more space which won’t result in too much of a commute to work.
It is also found that rentals are coming onto the market because landlords want to increase their portfolios to take advantage of the rise in the demand. UK property prices are down by 1.7% but the problem still lies with the high level of deposits. First time buyers struggle to get a foothold on the property ladder because of this and banks will continue to squeeze this end of the market until there are signs of sustained economic recovery. Potential first time buyers revert to rent properties in London which aids to demand on UK property.
With the increase in property stocks because of the UK property rentals demand the need for block management has also been on the rise. The demand is so high that quality properties are being snapped up above the asking price before the details have even been released. The surge in UK property demand could be a good sign of financial freedom ahead.
March 29, 2011
Investing in London property has always been a safe bet for both domestic and international buyers. While the property market in the rest of the UK, and indeed the world, experienced a noticeable decline in the number of sales, central London property remained popular amongst buyers. Its growth continues to exceed expectations with values having risen by 2.8% since the beginning of the year.
The first quarter of the year is over, which means that London property agents are able to see how sales have fared. The sales of central London properties, which include Chelsea, Mayfair, Holland Park and Belgravia property, were expected to slow down this year. This was forecasted after a significant slow down last quarter, as well as an increase in the number of London properties for sale.
However, considerable international interest and investment in London property has resulted in the boost in sales and prices. There has been particular interest from buyers in the Middle East and Russia who, due to the strong oil price, have been able to buy London property for their own use.
However, international interest has been high since 2008 when a weaker pound sterling caused London property prices to be more favourable to overseas buyers. London property, such as Holland Park houses, has always been a good and stable investment even when the market is bleak, which is why many people choose to invest here. While London property management companies are not yet certain whether the price rise will continue if the markets stabilise, a shortage of stock may help the markets continue with this momentum.
Another influencer is the London Olympics which is encouraging visitors to buy London property instead of staying hotel accommodation. Capital gains for the 2012 Olympics are projected at 30% by the end of 2015. We can expect the London property market to continue its upward swing for at least the coming months.
Purchasing power in its scarcity is a very lucrative commodity in 2012. Spotting the potential in Taiwanese consumers, real-estate agents have taken to dangling Luxury London residential property in the Taiwan market.