We’ve just come out of a long wet and dreary winter, but we’re having a nice spring so far despite the rain and the surprise smog. With all that pollution and British rain lashing your windows your property might not be looking at its best which could potentially be turning people out of the door.
The Savils 5 year forecast for the UK residential market would indicate that prime real estate in London is a good future investment as far as property price increases are concerned. Whilst the London property bubble has created a significant gap in house prices growth in the capital is set to increase exponentially.
The residential market survey (RICS 2014) indicates that the imbalance between supply and demand is the main catalyst for growth, by creating a greater upward pressure on the price of residential property. In particular the strongest gains in residential properties were in London and the South East. This is perhaps also attributed to low supply, so whilst the rest of the UK see’s an increase of roughly 4%, the growth in London is much higher.
London has become the official property investment capital of the world. The ranking comes as a result of a survey carried out by the Association of Foreign Investors in Real Estate that asked expert global investors from 21 countries to rank cities based on variables such as investment stability and their level of returns.
With Christmas only just around the corner (how fast has it come this year?!) and the longest day not too far off either we really are falling into winters cold grasp. It’s during these dreary days that your house may sometimes not look at its best, which can be frustrating and even financially damaging when you are trying to sell it. But how can you turn the characteristically dark and slightly depressing days to your advantage when it comes to selling your home? Here are our top tips for selling your house in winter.
- Uniquely, we do not regionalise offices. Crucially, a mews buyer is not always a local buyer. Our negotiators have the freedom to show properties all over London and often a mews buyer’s main search criteria is the style of the property/or the mews itself as opposed to its postcode!
- We pride ourselves on our excellent communication skills
- We pride ourselves on managing expectations fairly
- We pride ourselves on qualifying our buyers (and tenants!) comprehensively
- We pride ourselves on having buyers as passionate about mews as we are!
K.I.S.S. – Keep It Simple Sweetheart
Sales and Lettings are often considered to be very different but the key similarity is how do we help our Clients to maximise the returns on their properties. The key is to consider the market you are aiming to attract, our advice is easy to remember: KISS – Keep It Simple Sweetheart. Fashions may come and go but when it comes to investing your money wisely you must remember that Location, Price and Potential are timeless.
The single most important thing you need to decide when selling or letting your property is which estate agent to instruct? The choice is wide and varied and despite popular pre-conceptions, fuelled mostly by the wider media, not all agents are the same. Unfortunately estate agents regularly feature in polls of the ‘top 10 most hated professions in the UK’ alongside bankers, politicians and bailiffs to name a few.
As recently appointed Public Relations Manager for Lurot Brand, I will be bringing you a regular insight into our business – some of it will be anecdotal and some of it will be updates on the Residential Sales and Lettings market in central London. Estate agency is exciting and with over 40 years of experience we are best placed to give you updates on what is hot and what is not in the property world.
The nationwide buy to let mortgage industry has managed to avoid the regulatory hand of the European Union, to the surprise of many.
The latest European mortgage directive, the Credit Agreements Related to Residential Property Directive (CARRP) (full report), has been passed by the European Parliament and is now the framework for mortgage market management continent wide. However, UK nationwide buy to let mortgages remain untouched thanks to intensive lobbying by landlord organisations and politicians alike.