The North West of London is seeing continued movement in properties, due to the cash buyers investing in the area and the fact that first time buyers in the Hampstead area have always had much larger deposits.
This means that property buyers can secure mortgages more easily than buyers in other areas where smaller deposits may be acceptable. unfortunately these mortgages have not really come back to the market and if they have the fees and rates are off putting.
The buyers in North West London tend to feel more confident due to the high levels and high end employment. In West Hampstead, a large proportion of buyers, sellers and tenants are young professionals such as lawyers and accountants with jobs in The City of London or the West End.
They tend to be quite young and there is often a lot of movement for jobs and with families expanding.
This means people always have a need to move in these area in good times and bad and North West London is often seen to be a safe place to invest your money and a great place to buy a home.
West Hampstead has so much to offer young professional families and couples, with excellent schools and colleges, cultural background and fast train service to the City and West End of London. It’s no wonder that it’s an area always in hot demand.
Paramount Properties also host a North West London Business Directory to enable research both before and after the move.
Paramount Properties are North West London estate agents, based in West Hampstead, specialising in London Property Sales, London Property Lettings, London Property Management, UK Property Investments & Development Property Sales,
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RLA reports that Britain saw a 3% increase in residential property values during the first half of 2010, but real estate prices rose most significantly in southern England, according to figures released by Nationwide. Compared to a year ago, residential property rates are up by 8.9%. The increase in prices, however, slowed to 0.1% in June and Nationwide believes that rates may fall later in the year.
Southern England performed better than other regions, with the average price of a residential property rising by 12.5% over the past 12 months. During the second quarter, property rates in the South-West increased by 3%, although separate figures released by the Land Registry suggest that rates fell slightly (0.2%) in June. London, however, continued to lead the country in terms of overall value increases. London-area residential property prices increased by 13.2% since June 2009. But not all parts of the UK saw significant rises in values. Both Scotland and Wales underperformed compared to England’s property market and Nationwide found that rates in Northern Ireland actually declined.
The average price of a home in Britain now stands at £170,111, but the inflation in real estate prices may decrease due to a rise in the supply of properties for sale. Martin Gahbauer, a senior economist affiliated with Nationwide, noted that the new government decision to eliminate Home Information Packs may have helped spark the rise in supply of properties. At the same time, demand appears to remain stable and this may explain why prices are rising at a slower rate.
Honor Oak
Honor Oak Park
London
Greater London
SE23
Greater London Freehold Property For Sale £ 850,000
A freehold site with planning permission for the demolition of existing garages and the construction of a courtyard development of 7 units .
The permission provides for 2 x 1 bedroom houses, 2 x 3 bedroom houses, 1 x 1 bedroom courtyard house, and a conversion of a former stable into 2 x 1 bedroom houses.
This is an exciting scheme which we feel will generate substantial interest.
The site is situated close to Honor Oak British Rail Station and close to Peckham Rye Park.
Honour Oak Park London SE23
London Property For Sale
Commercial Road
London
Greater London
E14
£ 180,000 Leasehold
An attractive Georgian end of terrace property situated along Commercial Road (A13) at its junction with Basin Approach.
We are offering a ground and lower ground floor garden maisonette comprising two bedrooms and ancillary accommodation.
The flat is occupied by a regulated tenant paying £94 pw.
London Residential Property For Sale
Shop & Uppers For Sale London
Willesden Lane
London
Greater London
NW6
£ 499,950 Freehold
The upper parts benefit from a separate front entrance and are suitable subject to the necessary consents to be split into a first floor 2 bedroom flat and a second floor 1 bedroom flat.
The ground floor is split into two sections and it may be possible to obtain planning to use the rear half of the ground floor with the garden to form another 1 bedroom flat with its own private garden whilst retaining a good size shop unit from the front section of the shop unit.
Willesden Lane Shop and Uppers
London property For Sale
Greenwich South Street
London
Greater London
SE10
£ 1,000,000 Freehold
A substantial four storey former Vicaridge constructed over lower ground, ground and two upper floors. The building is located between Greenwich High Road and (A2) Blackheath Road.
Planning permission has been granted for the conversion of the building to 6 flats. (1 x 3bed, 2 x 2bed, 3 x 1bed). There is also the provision for the construction of off street parking.
Greenwich South Street Property For Sale
North London HMO Property For Sale
Tottenham
High Road
London
Greater London
N15
£ 900,000
Leasehold Lease length: 999years
The investment is located in the heart of Tottenham/Stamford Hill and is about 5 minutes walk to Seven Sisters underground and South Tottenham railway station.
It also benefits from a wide range of local retail amenities.
Offered for sale is a selection of 12 brand new double and single bedsits.
These stylish bedsits offer light and spacious accommodation some with their own kitchenette, large shared fully integrated kitchens and ample number of shared fitted bathrooms and WCs. Other features include laminate flooring, central heating and modern fittings.
The upstairs will be sold on a long lease (999 yrs) to include the basement area which can be made into storage space.
Tottenham HMO Property For Sale
New research released by Santander has concluded that the vast majority of first-time buyers for a home credit deal would be better off purchasing a property as opposed to renting one.
Following the government’s pledge to help first-time buyers get their foot on the property ladder by increasing the number of new homes available, the mortgage lender conducted a study into the property market in the UK.
It found that, in the aftermath of the worst of the global economic downturn, average monthly rental prices now exceed those for the average repayment on mortgages in every area of the country apart from London.
Our websites brings you the latest London property news, reports, analysis.and local information that you will need to research the London property sales, lettings and investment markets, as well as property, investments, sales and rentals search facilities..Paramount provide this essential reading for anyone involved or considering buying, selling, renting or letting a commercial or residential property in North West London.
Register with us to receive our email London property newsletter and keep informed with the latest news and information on London property prices, property investments, landlord advice, new legislation and housing market analysis. Whatever aspect of the North West London property market you are interested in, we will be delighted to provide sound, sensible and well-informed advice.
