The recovery of London’s property market is beginning in Canary Wharf and Chingford.
Exclusive Homes & Property research has found a clear divide when it comes to home-hunting with those in search of good-value houses looking to the northern and eastern suburbs of the capital, while flat-hunters go south and west.
A smaller group, looking for top-end “bargains”, searches in Hampstead, St John’s Wood and Marylebone. The Olympic zone with its new-build homes is attracting both house- and flat-hunters to Stratford.
People seeking houses look around Mill Hill, Barnet and Finchley to the north; in good-value outer-east districts such as Chingford, Woodford and Wanstead; and in south-east “villages” of Greenwich and Blackheath.
Flat-hunters, often looking for a more central location, put Canary Wharf, Clapham and Putney at the top of their lists.
London Evening Standard Homes and Property
Monday, 14 December 2009
Wednesday, 9 December 2009
Watchdog Bans Misleading Spicerhaart Mailing
The Advertising Standards Authority has pulled a direct mail for estate agents Spicerhaart Group after a recipient complained that it was unclear that it was marketing material.
The mailing included a compliments slip with text that appeared to be handwritten stating: "Re: Your home. Please call me as a matter of urgency quoting reference number XXX. Regards, Lesley Miller".
Two phone numbers were also included as well as small print which stated: "Haart is a trading name of Spicerhaart Limited...".
The mail-out, which appeared to be a hand-written letter, intended to encourage home-owners who already had their property on the market to sign up with Haart Estate Agents.
The advertiser said even though it received only a very small number of complaints, it would be willing to make changes to the envelope.
It said the mailing was only sent to consumers who were actively engaged in the house sale process in areas where Haart had an active branch presence.
It had not intended to mislead consumers and had believed it was evident the mailing was marketing material used to seek estate agency instructions.
The mailing included a compliments slip with text that appeared to be handwritten stating: "Re: Your home. Please call me as a matter of urgency quoting reference number XXX. Regards, Lesley Miller".
Two phone numbers were also included as well as small print which stated: "Haart is a trading name of Spicerhaart Limited...".
The mail-out, which appeared to be a hand-written letter, intended to encourage home-owners who already had their property on the market to sign up with Haart Estate Agents.
The advertiser said even though it received only a very small number of complaints, it would be willing to make changes to the envelope.
It said the mailing was only sent to consumers who were actively engaged in the house sale process in areas where Haart had an active branch presence.
It had not intended to mislead consumers and had believed it was evident the mailing was marketing material used to seek estate agency instructions.
Tuesday, 24 November 2009
Clapham Schools SATs Can Add £10k to house Prices
Primary schools that perform well add almost £20,000 to the value of homes in their catchment areas, according to new research.
Nationwide Building Society has released figures showing that schools where every 11-year-old achieves at least a level 4 in their Sats exam boost house prices in the area by 11 per cent, adding £19,500 to the price of the average home.
The study found that a 10 per cent increase in the number of pupils achieving a level 4 grade adds £8,000 to the average house price in London.
Homes “between the commons” of Wandsworth and Clapham command tens of thousands of pounds more than similar properties nearby.
Nationwide Building Society has released figures showing that schools where every 11-year-old achieves at least a level 4 in their Sats exam boost house prices in the area by 11 per cent, adding £19,500 to the price of the average home.
The study found that a 10 per cent increase in the number of pupils achieving a level 4 grade adds £8,000 to the average house price in London.
Homes “between the commons” of Wandsworth and Clapham command tens of thousands of pounds more than similar properties nearby.
Tuesday, 3 November 2009
Clapham Fireworks Display
The Clapham fireworks display takes place on Thursday 5th November 2009 on Clapham Common, with proceedings starting at 7:30pm promptly. Admission is free.
Monday, 2 November 2009
Friday, 30 October 2009
Thursday, 22 October 2009
Sealed Bids For Property in Clapham
Sealed bids and gazumping are once again prominent features of the Central London property market, as the severe shortage of homes for sale drives prices back to 2007 levels.
10% of sales are generating multiple offers and ending in sealed bids, with the vendor often achieving in excess of the full asking price. Properties which are particularly sought-after, such as family houses and large apartments in prominent locations such as Hyde Park, Chelsea and St John's Wood, and those close to good schools in Battersea and Clapham, are achieving in the region of 20 bids per property.
Foreign buyers are still making up a significant proportion of buyers in Central London as they move to take advantage of the weak pound.
For more of this article
10% of sales are generating multiple offers and ending in sealed bids, with the vendor often achieving in excess of the full asking price. Properties which are particularly sought-after, such as family houses and large apartments in prominent locations such as Hyde Park, Chelsea and St John's Wood, and those close to good schools in Battersea and Clapham, are achieving in the region of 20 bids per property.
Foreign buyers are still making up a significant proportion of buyers in Central London as they move to take advantage of the weak pound.
For more of this article
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