Professional and financial services have led the way causing an increase in rents over the past five years to £125 per sq ft from £100. The opening of Bond Street Station on the Elizabeth Line can only serve as a catalyst.
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Property Prices Are Soaring
The residential property market is achieving price levels seen only once before since 2007. In London this was a 0.3% increase above the national average.
Share This:- Commercial Property
Student housing has become an attractive investment proposition particularly in the north of England as it offers fast returns, high yields and is low risk. Student accommodation is now relatively luxurious and reflects the monetisation of higher education in recent years.
Share This:- Properties with the Freshest Air in Central London
If you’re buying a property in central London the air quality may be important to you. The postal areas from the highest to the lowest are:- W1K,SW1X,SW1W,SW1Y,SW1A,SW7,SW3,W1J,SW10,W8 and W1S.
Share This:- Conveyancing Frenzy to be Assisted by Stamp Duty Holiday Extension
The Chancellor is reported to be extending the stamp duty holiday by three months until the end of June in next Wednesday’s Budget (3rd March 2021). Conveyancing solicitors are adjusting to the flow rates of new instructions.
Share This:- Warehouse Boom
Freehold and leasehold warehouses are being snapped up due to the online shopping surge. Once at the derided end of the commercial property market they have now become the industry’s darlings.
Share This:- Property Prices At Record Peak
An inexorable rise in the price of London property has recently been recorded by the Land Registry. Buyers, who were scratching at their walls during lockdown, have been unleashed to purchase larger properties, along with many basking in the rays of the stamp duty holiday.
Conveyancing solicitors are enjoying dealing with these new instructions.
Share This:- The Masters of the Rolls
On the 31st July 2020 the Prime Minister’s Office announced that Her Majesty The Queen had been pleased to approve the appointment of Sir Geoffrey Vos as the Master of the Rolls from the 11th January 2021 in succession to Sir Terence Etherton.
It is interesting to note that 6 out of 7 of the most recent incumbents of this judicial office have been of the jewish faith the others being Lords Woolf, Phillips, Neuberger and Dyson.
We find that jewish solicitors are often particularly sought after because of their perceived quality traits of intelligence, shrewdness, toughness and integrity.
If you are looking to find such a solicitor please do not hesitate to call us.
Share This:- Commercial Property Elevation Expected after Brexit
A fairly good demand for premium office space exists in London in the days leading up to Brexit, on the 31st January 2020, since the Conservative win in last month’s general election. However tenancy agreements have yet to be fully negotiated. A large surge in refurbishment and building has been forecast by commentators for the first six months of this year.
Share This:- London First for Property Investment Purchases whilst Restaurant Insolvencies Rise 20%
London is first for commercial property investments followed by Paris largely due to the expanding tech sector.
The UK restaurant sector however is facing uncertain times with nearly 1500 insolvencies in the year to July due to the large volume of establishments, poor customer attendance and increasing costs.
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