Archive for the ‘house builder’ Category

Halifax: House prices hit £200,000 record

Thursday, July 9th, 2015

The average cost of properties in the UK has exceeded £200,000 for the first time, according to the Halifax and this is why we at Four Corners Properties are so kind to advice our customers about improving their homes. The market undoubtedly makes its part in the game, but if a property is improved then you are doing a great top up to its current value.

Halifax said house prices jumped by 1.7% in June compared with the previous month, marking their fourth consecutive monthly rise.
Annual price inflation also rose significantly, from 8.6% in May to 9.6% in June.
It brings the average price of a UK house or flat to £200,280, the highest amount recorded by the Halifax measure.
However the figures are in stark contrast to those produced by rival lender, Nationwide.
Last week it said that house price inflation had fallen to 3.3% a year, bringing the average price to £195,055.
Halifax said the rise was being driven by tight supply with the number of homes for sale now at a record low.
Halifax’s housing economist Martin Ellis said there were now signs of a recent “modest pick up in demand”.
“Economic growth, higher employment, increasing real earnings growth and very low mortgage rates are all supporting housing demand,” he added.
The lender, which uses data from its own mortgage lending, said average house prices per square metre had risen by 18% since 2010, with prices in Greater London seeing the fastest growth.

Source: BBC News

How To Make £150,000 on a Property: without finishing it, buying it or living in it

Monday, March 2nd, 2015

Investors start flipping Battersea Power Station flats – and they’re not even built yet!

We at Four Corners Properties are always advising our customers that their money is always save and productive when they improve their homes. When you put money in your property you are not spending money you are investing it.

Upmarket apartments in the new Battersea Power Station development, which are not even built yet, are already being sold on at a 40pc mark-up, fuelling fears that investors are “flipping” the flats and pushing up prices.
An early-bird investor who reserved an unbuilt flat in the south London scheme two years ago is understood to stand to make about £150,000 by selling the apartment on the market.
The two-bedroom, two-bathroom flat in Faraday House is part of phase one of the residential conversion of the prestigious landmark and is expected to be completed by next year.
The investor is thought to have put a 10pc or 20pc deposit down in February 2013 to reserve the apartment with a £722,000 price tag, as part of a flurry of property companies and investors who snapped up the first 600 homes.
The property has now been put on the market by the estate agent Chestertons, with an asking price of £865,000.

A second flat also appeared on the Chestertons website this week. This property was reserved at a value of £711,000 and is also on the market for £865,000. It is unclear whether it was reserved by the same investor.
This reignites concern that homes built in the early phase of the huge project, were mainly reserved by investors – who have waited for the market to pick up before “flipping” them – and overseas buyers.
A private buying agent said: “This is not illegal, but at a time of huge pressure for new housing for Londoners and with house price inflation pushing home ownership beyond the reach of many, there must be a question mark over this kind of naked profiteering.”

Another professional, central London buyer told the Telegraph: “I saw a round-robin email very recently asking for buyers for a Battersea Power Station flat that was bought by an investor in phase one but who cannot pay the second deposit [she said two 10pc payments were to be made for this apartment a year apart].”

Battersea Power Station Development Company’s chief executive, Rob Tinknell, said last year that phase three was marketed to British buyers first.
A spokeswoman for the company said: “We launched phase one at Battersea Power Station over two years ago and we are pleased to see that the early pioneer purchasers, who helped to get this project off the ground have experienced good levels of growth.
“Of the small number of resales – we are finding that the majority have been to local purchasers. We have made every endeavour to attract owner occupiers to this mixed use new urban quarter. The size of the new homes, the interiors and the top class amenities mean our homes are desirable places to live.”

Source: Anna White, Property Correspondent, The Telegraph

Our Brand KikBuild Launched Two New Videos

Monday, January 19th, 2015

Our Brand KikBuild has launched two New videos promoting Furniture and Tiles. Both videos can be found at their website www.kikbuild.co.uk

 

KikBuild Furniture is designed or known as Stressless Furniture and its creator is a Norwegian Designer who worked for more than 50 years throughout Europe and who sadly passed away. Our Urban Chic Collection was Design by Jens Ekornes Organisation. In this Link you can find more about this wonderful style: http://wwwrustyjonesstudiocom.blogspot.co.uk/2014/12/jens-ekornes-norwegian-designer-of.html?m=1

KD-IRR08B-2T

Regarding our Tiles Kikbuild is one of the best giving low prices in the On Line Market, always keep an eye on their website you will find great quality and sensible prices.