A very long queue of first time buyers and investors was noted during this contemporary north London apartment’s Open viewing day on Saturday 8 February. What was the attraction: the price, the quality build and the super NW3 Calk Farm location. To find out more about this property available now contact Oliver’s sales: 020 7431 1020; firstname.lastname@example.org.
"House prices in London spiked up 2.6 per cent in the month and were 11.2 per cent higher than a year earlier in what the Land Registry called and uplift that was 'considerably higher than other regions'. The price of the average property in the capital now stands at around £403,792."
To find out how much is your North West London Home worth get in touch with Oliver's Sales Team on : 0207 2841222 or email email@example.com
Read More coomments on the latest Land Registry's property stats and its survey here: http://bit.ly/1b7RJ3A
In its Annual Letting Index report, Countrywide the UK’s largest estate agents and service property Group highlights the following findings:
• Average monthly rents (UK) increased 2.0% during 2013.
• The growth in rents (+2.0%) closely reflected the growth in wages (+1.9%)
• Demand (UK) for rental accommodation up 6% more than supply. Focus shifting to areas enjoying the strongest economic recovery over the last 12 months, as workers move to new jobs in the North East, East of England, Wales and East London.
"While Greater London saw an increase in average monthly rents of 3.4% over 2013, rents in Central London decreased 0.2%. The picture is similar in the South East where average monthly rents fell 0.5%.
Inside the Capital, East London has proved to be the exception to the rule with demand rising a third more quickly than new supply in2013. In 2012, Countrywide plc saw an average of 6.5 tenants competing for each rental property in East London compared to 8.0 in 2013. This compares to an increase in the number of tenants competing for each property across London as a whole rising from 5.1 to 5.4 in 2013."
At the moment, Oliver’s have an excellent selection of properties to rent to suit different tenants’ needs in Camden Town, Kentish Town, Primrose Hill, Hampstead Heath, Belsize Park, Swiss Cottage, Tufnell Park and Dartmouth Park. Find out more! or email firstname.lastname@example.org
For the full Countrywide Annual Lettings Index click here!
Two public meetings have been arranged in Camden at the end of January to answer questions on the latest HS2 developments: Tuesday 21 January at the Salvation Army Hall, Chalk Farm Road NW3 2BL @ 7.30pm (organized by the Liberal Democrat councillors for Haverstock) and a public meeting on Thursday, 23 January ‘14 at Cecil Sharp House, NW1 7AY, starting from 8.15pm.
The House of Commons Standing Orders Committee has extended the consultation deadline for responses to the HS2 Environmental Statement,. The residents and businesses now have until 10th February to respond, Details of how to respond to this Parliamentary could be found HERE.
Some of properties Oliver's have sold in 2013!
For a list of apartments and houses available to buy in 2014 contact our sales team: email@example.com
In the final weeks of 2013 the UK property focus seems to be on foreign buyers and investors.
First the government makes it clear that the foreign investors will have to pay capital gains tax when they sell homes in the UK from April 2015. Then, the Labour party proposes using the tax system to prevent so many people from overseas snapping up newly built homes in London.
More than two million foreign investors own UK property for the first time, according to analysis of data from HM Revenue & Customs and it is estimated that around 75% of new homes are now bought by foreigners.
For more analysis into foreign buyers and investors see the research by accountancy UHY Hacker Young:http://bit.ly/1gBEKL7
More about the Labour party proposals to help ease the housing crisis in London see here: http://bit.ly/1he7bw9
See all Oliver's properties avalable to buy here.
2013 so far has been a record year for Oliver’s in terms of the rental transactions along with the number of tenants registering with much increased budgets. A growing investment in the private rented sector in 2013 further highlights that the lettings market in North West London will continue to be strong throughout 2014 and surely beyond.
As we predicted at the end of last year the number of potential buyers and tenants looking in NW London has grown throughout 2013 to what must now be record highs. We have seen a continuing, vigorous growth in flat & house sale prices despite a slight seasonal dip over the last two months of the year. Oliver’s are eagerly anticipating the start of 2014 when the full Help to Buy scheme will be in place. The scheme has already helped many first time buyers and will keep us on our toes provided the supply of stock is steady.
Britain will impose a capital gains tax on foreign property investors from 2015 in a bid to allay fears that wealthy foreign buyers are inflating a London-led property bubble which is pricing locals out of the market. From April 2015 Chancellor George Osborne would introduce a capital gains tax on future gains made by non-residents who sell a residential property in the United Kingdom.
Foreign investors have bought about 70 percent of newly built properties across central London, according to Savills, while 30 percent of luxury London homes worth 1 million pounds or more were bought by non-UK residents in the year to June, Knight Frank said.
Developers that have benefitted or are looking to cash in on the trend include Berkeley and Barratt Developments, who have built thousands of homes in London, as well as British Land and Land Securities, which have recently entered the luxury housing market.
The Chancellor did not change the stamp duty thresholds in the Autumn 2013 statement despite the boom in house prices and was immediately accused of cashing in on the buoyant housing market.
As a result, the amount the Treasury pockets from residential stamp duty will nearly triple to £14 billion by the end of the decade.
Currently, anyone buying a house for less than £250,000 pay 1 per cent duty but this rises to 3 per cent above £250,000.
For more on this topic click here.
Buying, Selling or Letting a property- do get in touch with Oliver's property Team in Hampstead, Primrose Hill or Kentish Town.
Mark Carney’s pledge to end support for mortgages yesterday has already had painful consequences on house builders' shares wiping almost £1bn of the value of those listed in FTSE including Passimmon, Barratt Developments, Berkeley Group, Bellway, Taylor Wimpey, Redrow and Bovis Homes as we as estate agent Savills. Bank of England governor Mark Carney and the Treasury stopped the cheap funding on offer for mortgages, instead favouring sustained support for small business loans. See more here.