Earlier in 2017 the London Borough of Havering held informal discussions regarding landlord licensing. They have followed this up by launching a formal consultation on two proposals for additional licenses. The aim is to get opinions from landlords, tenants, local residents, and other parties who may have an interest. These views will help to shape the plan moving forward. The consultation will be open until July 28th. Continue reading
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Harrow has been the hottest postcode near Wembley
Harrow has benefitted greatly from being located in close proximity to Wembley and the regeneration work that has taken place there. As the latter has become a property hotspot it has pushed prices up in the former. In fact six postcodes in the vicinity have enjoyed increases in value as a result. In the ten years the stadium has been open homes in these postcodes have added an average 71% to their values. Continue reading
An area in Haringey with excellent staying power
Harringay has grown into a popular area for families over the last 15 years. This has occurred due to the strong community feel on offer, completely abolishing the chequered past of the area. Now homes on the “ladder”, a series of nineteen streets that look like rungs on a ladder, are highly prized. As a result the area has become favoured amongst people seeking the best opportunities for property investment Haringey has. Continue reading
Young professionals pay premiums to live amongst their peers
Buyers can expect to pay a premium if they want to live in a hotspot area. High demand pushes prices up, particularly if supply is restricted and more owners are holding on to assets so they can benefit from capital gains. Surprisingly many buyers are willing to pay the prices though, particularly for areas that offer exactly what they want. Continue reading
Developments are putting more effort into standing out
Hackney continues to see new developments that take it further and further away from its industrial heritage. In the past parts of the Borough were home to everything from small factories to breakers yard’s. These fell out of use over the years though. Fortunately the arrival of the art scene brought regeneration and ultimately pushed prices up, leading to even more redevelopment. Continue reading
New hotspots for first time buyers in Greenwich
The new east to west links being created by Crossrail are driving regeneration and building projects in a number of destinations along the riverside. A number of these are set to become hotspots for first time buyers and investors alike. Two of the most notable ones are based in Greenwich; Abbey Wood and Woolwich. Both will receive new stations as part of the work. Continue reading
Supporting more people in building affordable homes
With the average house price in London reaching a record high more people are looking at ways to create affordable housing. The Homes for Londoners Community Housing Hub has been set up to offer support to those people looking to overcome the issue by building their own homes. It is hoped that this support will lead more people to invest in creating genuinely affordable properties that are designed to their exact needs. Continue reading
Understanding the Waitrose effect
In past articles we have written about different factors that can add premiums to property prices, including living in close proximity to transport links and parks. Research released by Lloyds Bank shows that another factor that can add considerable value is being close to a supermarket. Continue reading
Moving forward with a key Croydon redevelopment
In 2013 Taberner House in Croydon town centre became vacant. The building had been the long term home of the main offices of the Borough Council but they moved to a new property on an adjacent site. The building was ultimately demolished, with completion in July 2015. Since then the area has been poised for redevelopment. This took a big step forward earlier in May when the property developer Hub were granted planning permission. Continue reading
Property managers must understand their responsibilities
A recent news story showcased just how important it is to choose the right property management in the City of Westminster. Both the landlord and the company managing the properties have a responsibility to ensure that the homes are safe for habitation. If they fail to do that they could face huge fines. Continue reading