Archive for the ‘Landlord Property Services Bournemouth’ Category

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

World Economic Forum: 30 top cities for real estate investment

Friday, January 30th, 2015

London

London has been classified three years in a row as the BEST City for property Investment worldwide, it is just a Super City. That is why that here in Four Corners Properties, we strive to advise you to improve your home and we can help you to achieve that. Our service includes all kind of budgets and even a small improvement can make a difference in value to your home. London’s grows means that most of the surrounding areas will feel the benefit, even places like Poole, Bournemouth, Southampton, amongst other will strive!

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This Information comes from the World Economic Forum.

Global direct real estate investment returned to pre-recession levels in 2014 and should reach about $1 trillion annually within five years.

Driven by a strengthening global economic environment, last year’s total direct investment in real estate is estimated at $700 billion – a level not seen since 2006, before the financial crisis. Research they carried out indicates a further increase of 10%-15% in 2015 and $1 trillion in annual direct real estate investing by 2020.

What are you waiting for to invest in the UK? What are you waiting for to improve your home? For more information please click here: https://agenda.weforum.org/2015/01/30-top-cities-real-estate-investment/?utm_content=buffer8e24d&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer