Summer deals

Summer deals

I managed to fit in two weeks in Umbria in August, my first break for two years and as always, I spent hours trying to work out how I could commute from Perugia to Stansted on a weekly basis and what the benefits would be – hard or soft Brexit. What passes for normal service has now resumed but in many ways it didn’t actually […]

Prime London properties are selling with an average ‘discount’ of over 11%

Prime London properties are selling with an average ‘discount’ of over 11%

It’s still a buyer’s market for luxury London property, says Coutts Bank, but the market has ‘stabilised significantly’ & ‘could be levelling out’. Research out from Coutts Bank using Lonres data suggest that property prices in prime London continued to fall in the last few months – but that the rate of decline seems to slowing. “Current conditions [in the prime London property market] may be beneficial for […]

Help to start up as a buying agent

Help to start up as a buying agent

More and more people are looking at setting up as buying agents and for good reason. A canny buying agent can earn £125k+ a year and gets to help people find their dream homes. Getting going can be complicated and a little daunting at times but whether you want the flexibility of being self-employed or the buzz of doing the deals there are certainly less […]

You & Yours – taking the temprature of the London market

You & Yours – taking the temprature of the London market

Mike Young speaks to Marco and Sinead, two people selling up in London. How is the Capital’s housing market and how have they done since they each bought five years ago. Warning – contains comments from me!  

Buy-to-let landlords face falling yields.

Buy-to-let landlords face falling yields.

I came across a great research article from Lawrence Bowles at Savills Research earlier this week which I think is worth sharing. As I explain to most new clients, ‘yield’ is vital when understanding the relative merits of an investment and enables us to compare one asset class with another. In general, with your money safe and usually instantly accessible a bank deposit account will pay […]

What’s really happening to the housing market?

What’s really happening to the housing market?

  It’s not easy to take the temperature of the UK housing market. For starters the ‘average’ house price is pretty useless in a market that varies from Parish to Parish. What is happening to prices in Mayfair isn’t really that relevant or connected to what might be happening in mid-Wales. Each of the monthly indices measures a slightly different basket of properties and at […]

Sell in May and go away

Sell in May and go away

There is an old Stock Market adage – “sell in May and go away”. Historically the market slipped away over the summer with share prices coming back in September. Despite early optimism the housing market has not sprung into action with blame being heaped on everything from The Beast from the East to Brexit Blues. There is a market, the latest transaction data from both […]

Not exactly news…

Not exactly news…

The central London market has been under pressure since 2014 when the Government made changes to Stamp Duty and yet the subsequent fall in prices only seems to have shown up in the data now. Along with others I suggested that the market had peaked four years ago and since then have highlighted the gap between what sellers have been asking and buyers have paid. […]

How to make money in property?

How to make money in property?

Anyone who has been reading my blog or who follows me on Twitter will know that whilst I see some significant challenges ahead I still think you can make money in property. It may not be as easy as it once was – you can’t just buy something, sit on it and find it’s worth more six months later even if some people will accidentally […]

How to negotiate a house price.

How to negotiate a house price.

My friend Phil Spencer has written this useful guide for his new MoveIQ business. A bit like my Quick Check service MoveIQ will provide a tailored report on a property that you may be interested in purchasing. There are some great ‘how to’ videos and lots of Phil on camera explaining the in’s and out’s. So, where to start? Contrary to popular opinion – finding the home […]