RICS - London property holds up well

Written by Andrew Ellinas LL.B.

Monday, 14 March 2011

The latest figures from the respected Royal Institution of Chartered Surveyors confirm that London is holding up well despite gloomy reports from the most of the rest of the UK.

RICS housing spokesman Jeremy Leaf said: “Despite the more positive picture for some parts of the UK, the general mood is still downbeat. However, London is bucking the trend with the market looking positive as it moves into the spring. With instructions gathering steam at roughly the same pace as enquiries, London agents could see a modest upturn in transactions in the coming months. However, the lack of mortgage finance continues to hold the market back."

Supply is Tight

Written by Andrew Ellinas LL.B.

Sunday, 6 March 2011

The word on the street is that properties are selling. I refer, of course, to estate agents' 'For Sale' boards, which have been switching to 'Sold' boards over the last month.

In February, there was an increase of 38.3 per cent in the number of boards being changed from 'For Sale' to 'Sold', according to Agency Express, one of the companies responsible for putting them up. And that is just the national average – in London the figure was 61.4 per cent.

Central London Property Market Forecast 2011

Written by Andrew Ellinas LL.B.

Monday, 20 December 2010

In 2011, the prime central London property market will again buck the national trend and remain stable.

The top end of the London market has become a free-floating entity, separate from the general UK property market and operating under different rules.  In the UK’s regional markets (including non-prime London) property prices reflect the local economy because almost all house buyers live and work in the area, and most experts expect declining property values in the next year.  However, buyers of prime property in central London are the world’s super-rich, and their buying patterns are influenced by international financial events rather than regional trends.  And at the global scale, the outlook is much brighter.

Latest Land Registry Report - Prices Continue To Rise

Written by Andrew Ellinas LL.B.

Monday, 29 November 2010

The official government house price figures are in for October and they confirm what we at Sandfords have been saying for months - the prime central London property market is growing healthily.

Prices in the London Borough of Camden, which covers the eastern half of the Sandfords domain, rose by 2 per cent, the fastest monthly rise in the capital, says the Land Registry, the agency that regulates the property market. This equates to annual growth of 15.9 per cent.  Overall, property prices in the capital rose by 0.3 per cent in October, an annual increase of 7.6 per cent.

Investors Return To The Market

Written by Andrew Ellinas LL.B.

Tuesday, 14 September 2010

Investors are returning to property, a vote of confidence in the long term strength of the market.

People looking to protect their nest egg are faced with an unenviable set of choices at the moment, with interest rates close to zero and inflation rising, so an increasing number are returning to buy-to-let in the expectation that prices will rise next year

London Bucks The Trend

Written by Andrew Ellinas LL.B.

Thursday, 12 August 2010

The prime central London market is bucking the trend and remaining stable.  Our figures show prices are holding as demand continues to be strong and supply restricted.

Foreign buyers are continuing to come into London and the Regent’s Park and Marylebone areas are among their favoured destinations, which goes some way to explaining this remarkable resilience in the face of gloomy figures from the property market in the rest of the country. The return to profit in the financial sector is also contributing.

Want To Work For Sandfords?

Written by Julia Garber MARLA

Monday, 26 July 2010

Here's a great chance for you to join us.

We are looking for an articulate and well presented team player to add to our busy department dealing with both lettings and sales administration.

It's a very varied role, so it's essential that you are flexible, adaptable and have a positive and enthusiastic approach. You will need to have good knowledge of Microsoft Office software, have strong literacy and accuracy skills and not to be afraid to use your initiative.

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