Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

Posts Tagged ‘ladder’

London property – getting on the ladder

Posted by fidest press agency su domenica, 26 marzo 2017

london propertyOver several decades, London has established itself firmly as a global city to rival any other. Reflecting this, London property has also become one of the go to places for investors from across the world. 2016 alone saw £4.6 billion worth of investment from Asia into the London property market according to Savills1, while Q3 2016 saw £685 million worth of investment from the US2.Alongside investment in commercial property, interest in residential London property has also spiked across the globe. Fitzrovia, Belgravia, Mayfair – the names of these neighbourhoods are synonymous with elegance and class globally, and they are neighbourhoods where pockets are deep. Interest in being part of the luxury London brand has contributed to substantial growth in London property prices over the long-term, with the latest data showing 7.5% growth in the year to December 20173.While this investment is great for the city, and is actively changing the face of London with destinations on what were once the peripheries such as Canary Wharf and the Greenwich Peninsula becoming ever more important, it also means the market has become increasingly competitive.Whether investing in London to generate income, or simply to own and inhabit your own slice of the city, competing with investors in what has become a global market place can be challenging. As many of those new to the market have found, often a property has already sold by the time it appears in the estate agents window.
Once an investor has found the right property in the right location and at the right budget, a second challenge is to ensure the property is as good on the inside as it looks on the outside.Arriving in London from certain directions could leave you with the impression that you’re entering a hypermodern city – full of glass towers and new build apartments. While this is true to an extent, what also makes London great are the countless historical buildings and neighbourhoods that give the city such character.
Buying these properties and in these neighbourhoods can deliver an investor a property full of style and historical features, but it also means detailed surveys will need to be undertaken. Historical buildings bring with them their own unique challenges. Listed buildings for example, may bring with them certain obligations to maintain the property to certain standards, or within certain parameters. Further to this, investors will need to consider any local planning restrictions or listings which may impact future plans for the property.On the other side of the equation, investors should also remember that London is an incredibly dynamic and fluid city, with a skyline that is constantly growing. Investors need to consider the impact of potential future developments upon their property. Will the view of the river that can be enjoyed today, be a view of the back of another tower tomorrow? While it’s hard to keep track, recent reports suggest in excess of 400 skyscrapers are currently being planned across London4. Investors need to find out how many, if any, of these will be being constructed in their neighbourhood and consider how comfortable they are with that.
The Buying Agents, based in London, is an award winning property search and acquisition company covering London, the UK and popular destinations in Europe. It provides a personal one to one service to home buyers and investors, active in the prime property market for nearly 15 years with a focus on London but also covering other exclusive parts of the UK, France and Monaco. With a wide range of properties available (which you won’t find in the estate agent windows), The Buying Agents offers a full, bespoke service, taking investors from initial searches, to managing the move, exchanging contracts and opening the door to London property. (photo: london property)

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Over Eight Million Brits Turn Their Back on the Property Ladder

Posted by fidest press agency su martedì, 24 aprile 2012

Chester, England, (PRNewswire) With UK market conditions continuing to make it difficult for would-be home owners to get a foot on the property ladder, the average age Brits expect to be able to buy their first property is now 37 years old, according research* from MoneySupermarket.com, the UK’s number one comparison site. UK adults who do not currently own a property were asked at what age they expect to be able to buy one, and a staggering 41 per cent, some 8 million Brits, claim they do not intend to buy a property at all.
The number of mortgage products available to first time buyers currently stands at just 1,337, a drop of 187 products since this time last year. Prior to the credit crunch there were 14,940 available in July 2007; underlining how conditions have changed for those trying to get onto the property ladder. The average loan to value (LTV) for products available to new buyers is 78 per cent which means someone taking out a mortgage on a £150,000 property for example would need a deposit of £33,000 – well beyond the means of most first time buyers. However, there is still good news for those taking the property plunge – the number of mortgages available for those with only a 10 per cent deposit is currently 209, up 20 per cent on 2011, and the average interest rate for these mortgages has dropped by 1.14 per cent since April 2009.Clare Francis, mortgage spokesperson at MoneySupermarket.com said: “Home ownership is a really big thing here in the UK. For years it has been something millions of people aspire to and therefore it’s surprising to see that this may be changing and that some people are giving up on the hope of ever owning their own home.

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