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.

Misreading the market?

Written by Andrew Ellinas LL.B.

Friday, 20 December 2013

Developer greed and misreading of the market is causing some well-publicised price reductions at the top end of the property market in London.

The media has focused on a new house in Avenue Road, St John's Wood that has had its price slashed from a reputed £60 million to an alleged £32m.

The bargain price attracted headlines but local property professionals predicted that the original valuation was far too high.

Prime Central London property is on a roll

Written by Andrew Ellinas LL.B.

Wednesday, 14 August 2013

As Britain emerges from the longest recession in history, householders in prime central London (PCL) are feeling confident enough to place their properties on the market.

But the increase in supply is still small compared to the pent-up demand, so prices are still predicted to rise in the foreseeable future

Sandfords Property Reviews June 2013

Written by Andrew Ellinas LL.B.

Tuesday, 18 June 2013

Regent's Park

Such has been the growth of the super-prime market in Regent's Park, more than half of all properties on sale are currently priced at over a million pounds. Price growth shows no sign of abating, with all categories of property rising by more than 13 per cent in the last 12 months.
Rents are set to rise later this year as the financial sector resumes growth, which will also take up the over supply of two-bedroom flats of which there are
currently more than two thousand on the rental market at an average rent of £2,817 pcm.

Click here to read the full report

Regent's Park house prices increase by 45%

Written by Andrew Ellinas LL.B.

Monday, 3 June 2013

Terraced houses in Regent's Park have soared in value over the past year, driven by a shortage of the detached homes that the super-rich have traditionally preferred.

According to homes.co.uk and confirmed by internal Sandfords data, prices of terraced houses in the Park rose by an amazing 45 per cent in the last twelve months.

Nothing As Safe As Bricks And Mortar?

Written by Andrew Ellinas LL.B.

Wednesday, 3 April 2013

Gold has been regarded as the safest place to store your wealth since the days of King Midas. But this could be changing.

Over the last year, the value of gold has slumped by 2.3 per cent. And the value of property in prime central London has risen by more than 8 per cent, according to the latest figures.

Strong rents signal an investment opportunity

Written by Andrew Ellinas LL.B.

Tuesday, 19 February 2013

The success of the prime central London property market over the last five years is creating a wave of price rises in nearby areas as people move further afield in search of value. Areas such as St John's Wood, Primrose Hill and Maida Vale, traditionally regarded as outside the prime central London zone, are now developing into an 'outer prime London' market.

Buyers like the large houses, secluded gardens and leafy street scenes in the outer prime area. And at this stage of a developing market, prices per square metre look like excellent value.

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