PROPERTY / NEWS
Q&A ALEX LEIGH SALE S MANAG ER Foxtons, Islington
How long have you been in this area? On and off I have lived and worked in the around Islington, the City fringes and east London, for the best part of 11 years.
What is your ethos? I believe in delivering the best possible service for customers and this goes hand in hand with conducting my business in an honest, straightforward and transparent way. I am a keen advocate for combining personal interaction with cutting edge technology to provide the most efficient but still personable service.
Market Comment
Just Let
RAJIB MIAH
HOFFMAN SQUARE
We are seeing good demand for rental properties. The recent launch of apartments at Golding House means we have good stock available – one beds are letting quickly achieving £320 - £340 per week and two beds £420 - £450 per week. Increasing numbers of overseas applicants are relocating here – whereas a few years ago they might have headed to central London, often now they'll investigate places like Colindale where there has been a lot of regeneration.
N 1 , £9 0 0 P E R W E E K THE IMPORTANCE OF PRESENTATION We recently let a lovely 3 bedroom loft-style property, offering an abundance of space, natural light and character features. The property was desirable in itself, but was initially presented in a tired and cluttered state. Once redecorated, suitably dressed and re-photographed we achieved several times the enquiries initially taken from its original state.
BENHAM & REEVES RESIDENTIAL LETTINGS ,
CHESTERTONS
Beaufort Park, 020 8732 7980; brlets.co.uk
Islington, 020 7226 4221 chestertons.com
EXPERT ADVICE by POPPY JARRETT LETTINGS MANAGER BlakeStanley
LETTINGS MARKET UPDATE 2016 was a rather turbulent year, what with Brexit, tax changes and new admin fee laws. Normally we see rents increasing YOY at around 3%, but in 2016 we saw prices stay the same on average. There were some deviants to the average; some high end properties saw as much as a 5% decrease and some of the cheaper property had increases of around 2%. This was due to tenants wanting to save money, so there was less demand for the very high end stock (large 2 bed warehouse conversions for
What are your favourite properties right now? We have a stunning, Grade II listed family home overlooking Thornhill Square in Barnsbury.
“Landlords enjoyed long term tenancies and lower agency fees”
Market predictions for the coming months? Our current levels of registered buyers and available property paint an encouraging picture for the coming months.
MEET THE TEAM STIRLING ACKROYD
DARREN EBSWORTH
“Our current levels of buyers and property paint an encouraging picture" FOXTONS
Islington, 020 7704 5000 foxtons.co.uk
WILLIAM DAVEY
ASSISTANT SALES MANAGER
ASSISTANT LETTINGS MANAGER
I feel exceptionally privileged to be working here, not only do I get to work with an ambitious, driven team but also amongst the fastest growing property market in the UK. Having worked here for 4 years, no day is the same and it’s an extremely challenging yet rewarding career.
I have been working in the Hackney lettings market since 2011 and have seen the area evolve over the years enjoying consistent high demand. I enjoy exploring the world in my spare time, however I’m currently just about to begin my next big adventure with the imminent birth of my daughter.
Hackney | 020 7326 8581
Clapton & Hackney | 020 7940 6242
stirlingackroyd.com
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around £550pw), but more demand for petite 1 beds around £325pw. Properties also took longer to rent, some were on the market for 2 – 4 weeks, rather than a couple of days. Supply and demand had swayed, landlords needed to rent their properties so there were high levels of stock, but many tenants stayed put. On a positive note, we managed to minimise voids for landlords, so most maintained a similar rent and secured good tenants for another year. As a result of this, landlords enjoyed long term tenancies and lower agency fees. 2017 looks positive as we’ve had a busy start to the year. BLAKESTANLEY
Broadway Market, 020 7254 7554; blakestanley.co.uk
absolutely.london
15/03/2017 16:38