The throw down on the flat market in London is enormous. In just one year, the sales figures were down by almost 50%. It is worrying, but the explaination is simple: buyers are waiting for the right price.
Proud to be the WINNER of The Property Investor & Homebuyer Show for THE BEST INNOVATIVE COMPANY OF THE YEAR!! Thank you! 🙌🏻
Posted by Victor Michael Estate Agents on Friday, 6 October 2017
The Victor Michael team was a winner at the Property Investor & Homebuyer Show this year.
Victor Michael received the award for the best innovative company of the year. The show happened between 6 – 7 October 2017 at London ExCeL International Exhibition Centre and it is the UK’s longest running exhibition of property.
Photo source: Property Division http://bit.ly/2hKFy8Y
Valuable advice for Buy-to-Let landlords to be ready for 2018:
More in this article on Property Division:
Even from the mere definition on Wikipedia, you know what to expect of a Smart Home. It is the ‘house of the future’ as we have seen it in movies a long time ago.
Complete automation of systems inside a house and the possibility to remote control them became a reality in the last few years. Because of the house’s ability to ‘respond’ to requests and needs of the inhabitants, it was named in the real estate domain a ‘smart home’. But is it smart enough to fascinate an English buyer?
Photo source: Property Reporter http://bit.ly/2x5GpDi
Latest research shows that most Brits are afraid of smart homes because of reasons like:
More details in the article on Property Reporter:
Distrust in this type of a ‘connected house’ can be caused by lack of knowledge. Maybe testing the house before can prove to be a good way to increase confidence in home systems and technologies.
Photo source: Property Reporter http://bit.ly/2wICfB5
Taken individually, these moves we hear about on the property market seem to be weird and with no rational basis: ‘biggest fall since…’, ‘highest raise’, etc. But if you judged them in the context of the market as a whole they make perfect sense.
For example, home buyers have been increasingly attracted by discounted luxury property. They now count for 45% of all purchases in prime central London. As an effect, the number of investors in buy to let (BTL) has seen a significant decrease, falling by 1/3.
Since luxury homes are the main target for the demand, the natural outcome is that the number of flat sales to fall easily. And this is exactly what has happened since the beginning of this year: flat sales went down 11% and prices have increased by 2.6%.
If you want to understand all the effects and, more important, the causes of the effects happening on the property market in the UK read the full analysis on Property Reporter:
Photo source: Fixflo http://bit.ly/2fon22j
Section 21 notices can get tricky for those who do not know all the laws and amendments.
You have to know:
Fixflo created this useful fact-sheet for those searching to have a clearer image of section 21 and it can be downloaded from their website.
Photo source: http://bit.ly/2uLUKZ5
New studies show that 82% of property buyers are willing to pay more for a green house. Energy saving improvements can make a substantial difference in the price of the house.
Environmental friendliness and sustainability can be targets for anyone thinking a make over of their property. Moreover, as British architect George Clarke puts it, people need to see in their pockets and implement in their home. He actually gave a few tips to The Telegraph from which anyone can get inspired.
Photo source: http://bit.ly/2w9W8Et
24 June / 31 Oct – RIDE THE SLIDE AT THE ARCELORMITTAL ORBIT.
178m of slide. Ride the world’s tallest and longest tunnel ride.
15 Apr / 30 Sept – ABSEILING AT THE ARCELORMITTAL ORBIT.
The U.K’s highest freefall abseil on the U.K’s tallest structure measuring 262 ft.
21July / 2 Sept – BEACH EAST.
25 Rides and attractions. A beach bar. Live entertainment. Beach volleyball. Kids paddling pool.
24 July / 3 Sept – ULTIMATE AQUA SPLASH.
UK’s largest indoor inflatable aquatic experience.
1 – 31 Aug – ACTIVE AUGUST.
Throughout everyday in August, a variety of activities will take place across the park.
19 / 20 Aug – ELROW TOWN.
A festival of surprise complete with a town square, markets, cafes and a bar. The park will become a vibrant festival for 2 days.
19 Aug – BASKETBALL.
Great Britain vs. Greece
26 Aug – LIVING ART FESTIVAL.
Celebrate arts and culture in the community with a whole day of fun across the North Park.
28 Aug – EAST LONDON WATERWAYS.
Join the celebrations for the restoration of the August Bank Holiday Weekend.
Photo source: Property Reporter
Downsizing on the property market is actually the opposite of climbing on the property ladder. Reducing the size of your home should come as a natural resolution when the house you own is too big for your necessities or too expensive for you.
However, the decision of changing homes can come very difficult, especially within people of a certain age. A recent study showed that most retirees that should downsize choose not to because of a series of reason, the most important being the emotional factor.
Reasons why downsizing is a difficult decision to make:
Despite this, advisers and consultants should be prepared and recommend solutions to those who face a hard time choosing to downsize. As the article on Property Reporter mentions, equity release is a solution and should be carefully offered to some of the clients.
London tops one more list of prices: the most expensive place to live in considering the price per square meter.
In the last two decades, prices rose by 402% reaching £6,942. The rhythm of growth was almost the double of the national movement of prices.
More details in the article on Property Wire.