Here’s what Londoners ACTUALLY know about the property market

New survey results published by Portico London estate agents reveal: -          One in four Londoners don't know the current interest rate -          Two thirds of Londoners are unaware how long it takes to sell a London property   Leading estate agent in Battersea, Portico reveals survey results from its London-wide, multiple choice property quiz, carried out in August and September 2017. The question with the most incorrect answers was: 'How many days, on average, does it … [Read more...]

Portico comments on the new buy-to-let mortgage lending rules hitting landlords this month

Portico’s Regional Director, Mark Lawrinson, comments on the upcoming buy-to-let mortgage changes: Under the new rules, if you want to make an application for a buy-to-let-mortgage on a new rental property, the lender will have to look at your entire property portfolio when they decide what mortgage deal they can offer on a single property. For example, if you have six properties and four are generating enough rental income to cover mortgage payments and then some, but the other two are … [Read more...]

Team Talk

Enthusiastic rugby players, and now sponsors, Rampton Baseley are backing the Ironsides When it comes to rugby, you will have to go a long way to find a more committed fan than Patrick Rampton. The former London Scottish player is so passionate that virtually every business analogy that comes out of his mouth relates to the rugby field. This irritating habit reached new heights during the recent Lions’ tour. I really do think that Paddy honestly believes that he could have done a better … [Read more...]

The Ultimate Property Quiz

Fancy yourself a bit of a property guru? Put your knowledge to the test with Portico’s quick, 10-question quiz! If you complete the quiz with a score of 80% or higher you will be put into a prize draw. One lucky person will then win a £100 John Lewis voucher and the opportunity to sell their house for free - potentially saving tens of thousands of pounds in estate agent fees! Portico will select a winner at random on Monday 4th September.  View the T&Cs. Good luck! Click … [Read more...]

When Will Interest Rates Rise?

The bank rate was cut last August to 0.25%, down from its already record low level of 0.5%, where it had remained for more than seven years.  Will 2017 be the year that interest rates eventually rise?  Portico estate agents recently attended the Landlord Investor Show, where The Sunday Times' Economics Editor, David Smith, gave his expert view on when he expects interest rates to rise and by how much. Here’s what he had to say…   What are your thoughts on the long-term … [Read more...]

Revealed: 10 London Areas Tipped For House Price Growth

  Portico’s property experts pick 10 London property hotspots for now until 2021 (ranked in no particular order) Portico reveals the highest potential rental yield in each hotspot area, with Forest Gate offering the highest yield at 5.5% and Southwark with the lowest at 3.6% The experts also highlight the signs that show when an area is on the way up - infrastructure investment, trendy delis or cafes opening up and young professionals moving in . 1. … [Read more...]

GERVASE STREET, PECKHAM, SE15

KEY FEATURES - Rare School Conversion - Vast Space - Beautiful Period Features - Private Off-Street Parking - Close to Transport Links - Short Walk To Queens Road & Peckham High Street  .  1 bedroom  1 Bathroom  Queens Road Peckham (0.4M)  South Bermondsey (0.7M)  Peckham Rye (0.8M)  . PROPERTY DESCRIPTION Grenier Apartments is a building steeped in character. The building was a Victorian school that has been converted into … [Read more...]

Put your home to work while you’re away

Ah, summer holidays: long, lazy days spent reading books, sipping Piña Coladas and switching off. Yes they may cost an arm and a leg, but what if we told you that your home could help pay for your trip - or at least clock up a nice bit of spending money… Put your home to work while you’re away Thanks to short-term rental site, Airbnb, you can now turn your home into a money-maker by renting it out to other holidaygoers while you’re on holiday. Currently there are over 40,000 … [Read more...]

Where to Buy in Zones 3-4

Thanks to Crossrail and improving transport links, investors and savvy homebuyers are now looking beyond central London in favour of the capital’s outer Zones. Portico London estate agent’s resident property expert, Mark Lawrinson, highlights the latest hotspots in Zones 3 and 4 that offer affordability, improving transport links and potential for capital appreciation. Here’s where to buy in Zones 3 and 4…   Tottenham Hale Where? Zone 3 Average house price: … [Read more...]

London sales transactions at lowest ever recorded volume pre-election

London sales transactions are at an all-time low, according to the latest Land Registry data analysis by Portico London estate agents. The data shows there were just 55 transactions in the whole of the Westminster borough in February this year*, the lowest ever number recorded by Land Registry open data, and 60% lower than in February 2009 immediately after the last market crash. Portico’s research shows that there is a clear correlation between General Elections and sales … [Read more...]

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