Spacious three bed flat on the corner of the fashionable Westbourne Grove and Notting Hill’s famous Portobello Road. Flooded with natural light. Recently refurbished to a high standard BRAND NEW KITCHEN & BATHROOM. Click here for more
Portobello
Archive for the ‘Lettings’ Category
Notting Hill Pad - 3 Beds - £550 PW
Friday, September 3rd, 2010Stunning 2 bed Maisonette on Broadway Market
Friday, July 2nd, 2010Located on the top two floors of a period building on Broadway Market, this delightful flat has been refurbished throughout to a very high standard and boasts high ceilings and is flooded with natural light.
The property comprises a large reception room and kitchen with overlooking Broadway Market, a well-equipped kitchen with all mod cons, master bedroom. a second double bedroom and a bathroom with a bath and shower.
View over Broadway Market
RICS - UK Home Rental Gauge Has First Increase Since 2008,
Wednesday, May 26th, 2010A U.K. gauge of residential rents increased for the first time in almost two years in the three months through April as a decline in supply benefited landlords, according to a poll of brokers.
The number of real-estate agents saying rents increased exceeded those reporting declines by 30 percent, according to a survey by the Royal Institution of Chartered Surveyors. Responses were balanced in the previous quarter. In the year- earlier period, 58 percent more respondents reported falling rents, a record low for the survey.
A recovery in the housing market may have spurred “accidental landlords” to sell their properties, cutting the number of rental homes on the market, RICS said. Thirty percent more respondents saw a rise in demand than recorded a drop, the strongest reading since the quarter though January 2009. Brokers expect rents to continue increasing in the next three months.
“With sellers back in the housing market, supply has fallen back in the lettings sector,” RICS spokesman Jeremy Leaf said in a statement. “This is good news for landlords as rents are set to move higher in the coming months and yield returns are likely to improve.”
Demand for houses continued to outstrip that for apartments, though by less than in the previous quarter, RICS said. Tenant demand and rent increases were strongest in London and the East.
The last time more agents reported rent increases than declines was in the second quarter of 2008.
SOURCE: BLOOMBERG
Irish directors buy out London property firm - IRISH TIMES
Thursday, January 21st, 2010
Thu, Jan 21, 2010
Demand for rental properties in London is reviving as residential rents start to rise – and an Irish-owned London-based property management company is planning to expand
THE IRISH directors of a London property management company have completed a management buyout of the business, Findlay Property.
The company, founded in 2003, is now wholly Irish owned and managed. Directors Simon McDonnell, John Walsh and Jean-Paul Van Cauwelaert own 100 per cent of the company after buying the remaining shares for an undisclosed figure.
Findlay specialises in managing residential property in central London for non-resident landlords. Its services include finding buy-to-let properties, lettings, property management and refurbishing properties. It now manages over 120 properties.“The company aims to expand the property management side of the business, providing services to its large Irish client-base,” director Simon McDonnell said this week.
The company is also looking to acquire new clients from South East Asia, who have been investing heavily in the residential sector in central London.
“ I am genuinely excited at the prospects for the coming year,” said McDonnell. “Despite the doom and gloom pervading many quarters, we are very confident that the central London market will weather the storm and our clients will come out the other side smiling.”
He said that the company’s growth in the recession had been wholly driven by referrals from Irish clients.
The company has recently had cautious enquiries from people interested in re-entering and re-investing in the London market this year.
Findlay’s clients range from investors with just one property to people with a number of units.
Most of its properties are in east central London, where there is strong capital growth, good infrastructure and new transport links.
According to the latest survey of the lettings market in the UK from the Royal Institution of Chartered Surveyors, rents are expected to rise for the first time since July last year.
The drop-off in properties coming on to the rental market was cited as the main reason for the change. The survey states that demand for rental property is strongest in London.
Residential rents in London performed well in the latter months of 2009. The Residential Landlords Association, which represents more than 6,000 landlords in England and Wales, reports that rents increased by 0.7 per cent in December, bringing the average monthly rent in London to £1,651.
© 2010 The Irish Times
2010 Outlook for Rentals: Excellent
Monday, December 7th, 2009Residential rents are set to rise next year as the number of properties put up to let dwindles to levels not seen since 1998.
According to the latest survey of the lettings market from the Royal Institution of Chartered Surveyors, rents are expected to rise for the first time since July last year. The drop-off in properties coming on to the rental market was cited as the main reason for the change.
Demand for rental property is still rising in the UK. Demand is strongest in London and has increased in most other parts of the country, bar the East of England.
Source: The Times
East London Report - The Times
Wednesday, October 28th, 2009The London Times has published a feature on how Hackney has experienced huge price rises especially in Dalston and London Fields with prices up 18 per cent between October 2006 and October 2008, according to the Land Registry.
So, The Times asks is it too late to bag a bargain and are there further large price rises to come?
Nope! Findlay Property are still finding bargains for its clients. Call us on +44 20 7254 9444 to discuss.
Source: The Times
Is the housing crash finally over, and is the market now recovering?
Friday, July 3rd, 2009Yesterday David Miles – author of a Government-commissioned report on the mortgage market in 2004 and a new member of the Bank of England’s Monetary Policy Committee – said that “expectations are crucial in the housing market and they look a bit better now than a few months ago … My hunch – and I put it no stronger than that – is that we have seen most of the overall aggregate house price falls.”
The Bank, meanwhile, said that the availability of mortgage credit was expected to rise over the next few months. Earlier this week the Nationwide Building Society’s house price index registered a 0.9 per cent rise in prices during May – three out of the last four months’ figures have shown an increase; the Halifax and other indices agree.
Source: The Independent
Renting is all the rage
Friday, July 3rd, 2009Familes are letting out their London home to live in the country, while young executives abandon buying altogether in favour of a more flexible lifestyle.
“There is a definite move towards renting,” says Liam Bailey, head of research at Knight Frank. “It is becoming more middle class. The hiatus in the market has caused people with bigger properties who can’t sell, to rent. There is a lot of it going on with bigger, better-quality family houses available to let.” Thrusting professionals and creatives are opting for it, too.
“If the mortgage market is difficult to access without a big 10 per cent to 25 per cent deposit, buying is only possible for those with large amounts of cash.” He anticipates the rented sector could grow from nine per cent to 25 to 30 per cent of the market.
Source: Daily Telegraph
Hackney - More Truck for your Buck
Wednesday, June 3rd, 2009The findaproperty Rental Index has found that Hackney is the best performer in Central London for rental yields. The average rental yield in Hackney is 5.51% compared to 3.86% in Kensington & Chelsea or 4.44% in Hammersmith & Fulham.
Source: Findaproperty
Rents in Ireland ‘drop 5%’ first quarter
Wednesday, May 6th, 2009Rents across Ireland have fallen 5 per cent in the first three months of this year, according to report published today.
In its latest survey on the rental market, property website Daft.ie found the national average rent is now €840 per month, a drop of €160 on the same period last year.
The major cities experienced the biggest drops, the report found. In Dublin and Limerick, cities rents were down by up to 6.5 per cent, while in Waterford city and Cork city, rents fell by 5.3 per cent and 5.1 per cent respectively.
Nationwide rents have posted falls for 14 consecutive months and are 17.5 per cent lower than the peak in early 2008.
“The rental market is feeling the brunt of too much supply and not enough demand,” said Ronan Lyons, economist with Daft. “The number of properties available for rent is now over 23,000 - an all time high. This additional supply is having a downward effect on price and is also pushing out the time it is taking to rent properties”.
The Daft Rental Report is based on an analysis of all rental properties advertised on Daft.ie since January 2009, including 250,000 since January 2008.
Sources: Irish Times & Daft
