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.

Marylebone Christmas Lights

Written by Andrew Ellinas LL.B.

Thursday, 20 November 2014

We were deligted once again to take part in the annual festive Marylebone Christmas Lights event to celebrate the switch on of the decorations.  We were there to help with staff running the tombola stall outside our office in Paddington Street, which alone raised a fantastic £2,050 for the events chosen charity, Scope.

Property investment in 2015: Central London estate agents cite a 'perfect storm' of conditions

Written by Andrew Ellinas LL.B.

Monday, 17 November 2014

The next six months are set to be busy for Central London estate agents. While the seasonal pre-festive lullis reflected in stable house prices and some negative press headlines, it doesn't mean the property market has gone off the boil. Far from it, comment Sandfords - Central London estate agents with branches in Regents Park, Marylebone and Primrose Hill.

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.

What's shaping the London property market?

Written by Andrew Ellinas LL.B.

Tuesday, 7 October 2014

There are two things that British people love to talk about: the weather and the property market. Both are as hard to predict as each other. While Mother Nature has the final say on the weather, Primrose Hill estate agents Sandfords agree that looking at the local property market together the wider economic picture is the best way to predict what might happen in property moving forwards.

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.

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