Autumn Statement 2016

Written by Andrew Ellinas LL.B.

Wednesday, 23 November 2016

The news that the government is banning letting agents fees to tenants as soon as possible and that landlords should meet those fees, has left me struggling to see how that's fair. Granted there are some letting agents charging unreasonable fees, but on the whole tenants have simply been paying for a service required in order to rent a property. The devil will be in the detail, but it would seem that this is the latest move to hit landlords who are now facing increased costs. 

Royals to move into Regent's Park

Written by Andrew Ellinas LL.B.

Wednesday, 10 December 2014

Plans have been submitted by The Qatar royal family to convert three prime properties in Regent's Park into a huge mansion, set to become the UK's first £200 million home. The planned royal arrival has already come as welcomed news within local businesses and we believe that it will confirm Regent's Park as one of the most desirable place to live in Central London.

Sandfords comment on new stamp duty rates

Written by Holly Addinall

Wednesday, 3 December 2014

Mr Osborne has today spelled out the new stamp duty rates in his Autumn Statement that will come into effective as of midnight, including the fact that each tax rate will only apply to the particular slice of the selling price, not the whole value of the property. Although there has been a big increase on expensive properties, Andrew Ellinas, Director of Sandfords believes the reform is positive news for the industry and is likely to help the London property market.

The Election Effect

Written by Andrew Ellinas LL.B.

Thursday, 9 October 2014

Election fever looks like dampening next year's spring property market, so householders considering selling would be well advised to put their property on the market now.

Fears of an interest rate hike from the current low of 0.5 per cent and the introduction of a mansion tax may also lead to a slow market in the opening months of 2015, until the uncertainty is resolved on election day, May 7.

Scottish No to Independence

Written by Andrew Ellinas LL.B.

Friday, 19 September 2014

The Scots' resounding No to independence removes the uncertainty that was already producing currency fluctuations that were causing concern for foreign investors in Prime Central London. Now the position is clear, the PCL property market is likely to strengthen.  

In the long term, however, the PCL property market is too strong to be affected much by events north of the border. To super-rich in Russia, China, South America, the Middle East and, increasingly, Africa the threat to peace and property prices from the Scottish independence movement is nothing compared to the armed conflicts in their regions. Having a referendum to decide if the United Kingdom is to split looks like a triumph of democracy and stable government to anyone in Iraq or the Ukraine.

London property remains one of the most secure investments anywhere in the world, and the wise decision by the Scots only reinforces that position.

Prime Central London

Written by Andrew Ellinas LL.B.

Friday, 19 September 2014

The recent spate of big reductions in prices is more to do with vendor optimism than a slowdown in the market. The long-term prospects for Prime Central London are good.

The inexorable rise in values over the last three years has lured some property owners into a false sense that buyers will pay any price to get into the London area. But house hunters are hard-headed people and know when the asking price is too high - and the amazing amount of market information available on the internet these days from the Land Registry to any number of property websites mean that vendors cannot get away with overpricing.

The demand for good quality properties in London remains strong. British buyers are out in force now the economy and more particularly the City are back on track and international buyers regard London as a haven of stability and the rule of law in an increasingly volatile world.

As a result, when vendors listen to their agent and put a realistic price tag on their property, it will sell quickly and without fuss. As the old saying goes, only a fool hires a dog and barks himself.

Marylebone Fayre 2014

Written by Julia Garber MARLA

Wednesday, 18 June 2014

Thankfully, this year, the weather was kind to all of us at the Marylebone Summer Fayre.

This event attracts tens of thousands of people from not just the local area but from all over London with it's varied entertainments, fabulous street food and other local attractions. Every year, we run the hugely popular Tombola stall on behalf of the Howard de Walden Estate. The prizes are donated by generous local retailers and all the proceeds are donated to the Fayre's nominated charity, Kids Company. Thanks to everyone's hard work and generosity, we raised over £2,000 for the charity.

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