Archive for the ‘UK Property’ Category

Hurford Salvi Carr 2010 market overview

Tuesday, December 14th, 2010

There was, therefore, a four month lead-in time to the CSR with much press speculation on where the axe would fall and the possible longer-term impact on the UK economy. This was not a context to engender confidence in the housing market. The Halifax index, for example, showed consistent negative quarterly returns for national house prices from April 2010 onwards. By the end of October 2010 annual growth in the index had been cut to 1.2% from 6.9% in May 2010.

UK volume housebuilders attributed a weaker than expected autumn selling period, second only in importance to the spring, to a lack of confidence caused by the build-up to the October CSR. Barratt, the UK’s biggest housebuilder by volume, blamed the combination of the lead up to the CSR along with the lack of available mortgage finance. In November, its chief executive Mark Clare commented, “It won’t come as a surprise to anyone if I say the autumn selling season was more challenging than we are used to. But there was a lot of media speculation about what was going to be in the spending review and potential buyers decided they didn’t want to make a big financial commitment until there was more certainty.”

In the CSR the Chancellor announced cuts in public spending of £81 billion between now and 2014-15. £46 billion of these savings are to come from cutting departmental running costs, with the Government aiming to reduce public sector employment by up to 490,000 by 2015. Inevitably there will be knock-on effects for the private sector. There is a broad consensus, however, that the impact on the economy will be most strongly felt in the regions where the public sector forms a higher proportion of economic activity. For central London property, including Midtown, City and Docklands, the local impact of the cuts proposed in the CSR is likely to be less significant.

The availability of mortgage finance remained problematic and is likely to ease only marginally in future years. According to the Council of Mortgage Lenders (CML) gross lending in October 2010 was estimated at £12.4 billion, the lowest total for the month of October since 2000. The monthly average in 2007 was in excess of £30 billion and the CML commented that the mortgage market remained “subdued”. Net lending was weak, amounting to only £112 million in September 2010, down from £1.62 billion in August according to The Bank of England. The number of mortgages approved for house purchase in September was 47,474, a fifth consecutive monthly fall and the lowest figure since February 2010. The Midtown, City and Docklands markets, however, are partially insulated from the weakness of the mortgage market by the greater proportion of equity-rich and outright cash-buyers.

More information from Hurford Salvi Carr main research section.

New Labour in order to rule us for the next four

Sunday, August 22nd, 2010

The new government would listen to all our problems and would make our lives improved in ways which we could not only imagine and things could only become better. I’m just chattering pointlessly, on purpose, since if I had said the word Home Information Pack then you would, quite truly, have stopped reading at least twenty seconds ago. But please bear with me; you are really going to be amazed. I know about pop music and had a record shop twenty years ago on the Fulham Road. I had also worked for D&G for more than twenty three years and I’m having quite knowledge about property as well. We (professionals) have tried several ways to advise the Labour Housing Ministers (which is not experts) regarding how to improve our industry on several occasions, however to no benefit.

History of the Town Bow and Bow Property

Wednesday, July 7th, 2010

Even now, the centre of bow remains as a bow church. Especially, the bridge besides river lee is a four lane flyover. It has both the black wall tunnel and lee approach below the flyover. Its high street has large post-war housing and few shops that are located in the south. However, history of the town bow says that, during 1556, from new gate countless natives were brought to this place by cart. During English reformation, they were being burned at stake, which is in front of the bow church.  However, in seventeenth century, bow became famous for goose fair that is held after the Pentecost.

After some time, it degenerated and fascinated lose women and drunken crowds. Later in the middle of nineteenth century, the authorities have banned the fair. Bow is one of the most famous areas in London. It is located at the distance of 7.4km to the east of charring cross and is a major part of its eastern end. According to the history of the town bow during the nineteenth century, it saw the success of fine pottery works. In bow, the porcelain works are eminent as bow porcelain. At the end of the nineteenth century, this industry completely disappeared. Nevertheless, now every apartment and property in bow is becoming UK’s foremost market source for property.

History of the town bow is mostly related to the porcelain works. But now, these are replaced by increasing factories, especially after the industrial revolution. Among these some of the factories were may match factory and Bryant factory.  Accidently, the May factory and Bryant factory was closed in 1979. This has been converted to flats. These flats are prominent as bow quarter. Some of its areas like brthnal green, shore ditch, and white chapel are too expensive for many individuals. However, for many people bow is one of the most desirable places in London. Therefore, many people are trying to buy flat or property in bow.

The Famous Feature of Fitzrovia

Wednesday, February 3rd, 2010

Fitzrovia got its name from “Fitzroy tavern”. Fitzroy tavern is a public house in the charlotte street. This name was approved during inter-war period by the bohermian and artistic community. This public house is named after Baron Southampton (or bohemian). In eighteenth century, Bohemian has initially developed northern part of fitzrovia. Later Fitzroy purchased tottenhall manor and also constructed Fitzroy square. Even Fitzroy Street is also named after him. This is the famous feature of fitzrovia.   The Fitzroy square is one of the most original and eminent architectural characteristics of this place.

The Fitzroy square is partly designed by Rober Adam. In the beginning of nineteenth century, major part of London is being built. Much of the fizrrovia is developed by minor proper holders. This resulted in the predominance of irregular and small streets. The other districts like Bloomsbury and Marylebone were subject to the domination by few landlords. As a result, the developments of this area and property in fitzrovia were more systematic. Till 20th century, fitzrovia was not actually a fashionable district.

The famous feature of fitzrovia is the maple street, BT tower and many more. Maple Street and BT tower is one of the most eminent and tallest buildings in this area. Till IRA bomb explosion these buildings were open to the general public.  In 1971, after the bomb explosion in the nearby restaurant it was not open. Terrorists mainly focus on the heart or major areas of London.  Fizrovia is famous for the major tourist attraction as this place gives a village feel. The location and property in fitzrovia is the reason for major tourist attraction. Furthermore, this place is also prominent for bars, cafes and restaurants. Apart from this, there are also some private galleries in this place.

Enlighten your children with St. Albans school

Thursday, January 7th, 2010

St. Albans School is one of the oldest schools in Europe. This school has been here for over thousand years and has been helping the people of this place to enrich their lives with education. This school is an independent day school and is a co-ed school. Boys can enter the school at the age of 11, 13, 16 and girls at the age of 16. There are about 770 students in total who are taught by about 70 teaching staff. This way the student teacher ratio is better. This school is located near St. Abbey church. This school is not a religious institution and encourages students from all religion.

The school is divided into three parts:  the lower section which has students between the age group of 7 to 8, the middle section with students between years 9 to 11 and the sixth form with students between 12 – 13. The school conducts examination at GCSE, AS and A2 levels. Career counseling is also given in this school. The school’s regularly updates its curriculum so that students are ahead with latest techniques. Subjects that are taught here are English, Mathematics, French, Science, History, Economics, Geography, Spanish, Latin and many more.

The sports complex helps students develop their physical health. All kinds of sports activities are encouraged here and students actively take part in sports. Teachers give extra classes too for students who need extra help with their subjects. Other extra curricular activities such as dance, drama, elocution are also encouraged and the staffs are very friendly and cooperative. Even though the school is very old the infrastructure is updated regularly and students get medical checkups too which is an important school activity.