HS2 to be a Major Benefit for Birmingham
Although still some years away, the much talked about High Speed Rail 2 will be of particular benefit to Birmingham in the West Midlands. Already, along with Manchester the UK’s second largest City the massive investment will be a game changer for this bustling City which will be hosting the Commonwealth Games later this year. Travel times to London will be reduced from 70 minutes to just 38 and Manchester from 106 to 37. The investment by the UK Government is expected to add £14bn to the local economy and support 100,000 jobs. Over and above that, planned investment by the Solihull Council which hosts the new Interchange Station plans to add 70,000 jobs and some £6.2bn to the economy.
Posted by: Kelvin Tayfield, Sun, Jun 12th 2022
Utility Cost Increases Impacting UK Landlords
The 50% increase in energy prices for UK residents has resulted in an increase in focus on new builds by buy-to-let landlords. According to a recent survey by a UK lender, 28% of tenants have complained to their landlords about their home’s EPC rating. A similar percentage of landlords stated that they will only look at properties with EPC ratings of C or above. Particular focus is on new builds as they generally offer additional facilities such as workspaces, gardens and gyms which have become more important following the increase in work from home tenants.
Posted by: Kelvin Tayfield, Sun, Jun 5th 2022
SRI ventures into international project marketing with property at London’s White City Living
SINGAPORE (EDGEPROP) - SRI, together with UK property developer St James, Lamborghini Singapore and real estate agency Downtown International, held a two-day private event on May 18 to 19 to showcase Cassini, a new property at London’s White City Living.
At the private event, over 60 quests were given a closer look at Cassini, a 35-storey residential tower at White City Living offering a mix of one-, two-, and three-bedroom apartments, with sizes starting from 549 sq ft. Residences on the lower levels will have views of White City Living’s Central Gardens and Water Gardens, while those at the higher levels will enjoy panoramic views across the city. Guests were also given the opportunity to test drive the new Lamborghini Huracán STO during the event.
Posted by: Atiqah Mokhtar / EdgeProp Singapore, Tue, May 31st 2022
Inflation Not Expected to have a Huge Impact on UK Property Prices
Whilst industry experts agree that inflation and the resultant increase in interest rates will result in a slow down in the rampant growth seen over the last 2 years, the supply demand gap will maintain upward pressure on prices. Even with a 2.5-3% increase, mortgage rates will still be lower than 10 or 20 years ago noted a leading UK lender. According to a London financial planner, some investors see inflation as a positive as a mortgage is a fixed debt while inflation pushes up house prices and rentals.
Posted by: Kelvin Tayfield, Mon, May 30th 2022
Three Bedroom New Build London Apartments in Short Supply
Whilst the pandemic led to Londoners looking for more space, international buyers are now following suite. Our recent campaigns for three different London projects showed a 50% increase in enquiries for 3BR units compared to previous campaigns. However, current supply cannot match this demand and many potential buyers have been left disappointed. A search across Central London’s leading developer Berkeley Group’s prime developments such as Chelsea Creek, White City Living and West End Gate revealed a few available in the latter project only. The same situation prevails for Barratt London’s zone 3,4 and 5 developments.
Posted by: Kelvin Tayfield, Mon, May 23rd 2022