A young entrepreneur who travels between London, Bahrain and the USA for business had recently exchanged on a property in Belgravia in only 5 days.
Only a week ago a property in Chesham Street came to the market with the asking price of £1,495,000, which was originally on in the spring at a much higher price, with another agent. The property, a beautiful one-bedroom apartment has the feel of a loft-style penthouse. It has a combination of exposed, varnished beams with white walls, and a sleek, modern looking kitchen.Read More
After studying Ancient History at University College London, Harry Berry took time out to achieve a long-standing goal of writing and completing a novel. His attentions then turned to property, which has always been a family interest.
His decision to join Henry & James, in his own words, was “I didn’t want to go into a corporate system and work for an agency where I would just be another statistic. What’s more is Henry & James is set in the epicentre of where I really wanted to work”.
He proved himself capable with a strong talent in selling property, as only two years after joining he has now been promoted to Sales Manager at the age of 24.Read More
New data from Home.co.uk has shown that the prices in London’s most expensive areas are dropping. The data shows the price fall in six out of ten central London areas.
In Belgravia over the last 12 months until September, the prices had fallen by 8% and in Chelsea by 3.5%. The new mortgage rules, known as the Mortgage Market Review and the increase in supply both play a part in the price drop.Read More
The property currently has one year left on the lease; the freeholder has the right to serve a section 61 notice for possession at the end of the year. The lessee has a matter of weeks to counter this for a statutory extension of 90 years. The lease extension alone is expected to cost £2.25m – £2.45m.
This is a one bed one bath first floor flat in Knightsbridge. Its main feature is the large reception room that leads out onto a balcony, which looks directly into the gardens. The large windows bring in vast amounts of natural light and it has a beautiful view.Read More
In light of the recent Property Activity Index, August 2014 saw the number of sold properties rise by over 1.9%. However, seasonal trends would tend to show less activity throughout the month of August. So far this September there has also been a rise in asking prices by 0.9%.
Henry & James, a prime central London agent, has experienced both. On one occasion buyers went to a bidding war over a property that had been on the market for 10 weeks. It resulted in the final bid being in excess of the asking price.Read More
Huānyíng (‘Welcome’ in Chinese), skol’ko, (‘How much’ in Russian) and حيث (‘Where’ in Arabic) – these are important greetings and questions in our world. Whether it’s how you welcome new applicants, knowing which style of property to show, finding the correct area for them to be in – at the end of the day, it all matters to someone.
You may have noticed, or should have done, our website is now available in Chinese, Russian and Arabic. We have had an ever-increasing number of international clients in recent months and it is only right we welcome them correctly and understand their needs.Read More
The de facto campaign slogan for Bill Clinton’s 1992 election campaign was “It’s the economy, stupid.” Developed by his campaign strategist James Carville, he wanted to keep things simple rather than mired in all sorts of surveys and discussions. You could say that the current state of the British property market boils down to a variation on that same phrase, “It’s the demographics, stupid.”
Economists, politicians and property pundits can witter on for ages about what is driving house price growth in London however the reason is quite simple: the population of London is increasing at such a rate that there is no way there will ever be enough homes available to meet demand. Recently the Royal Institute of Chartered Surveyors issued a report stating that house prices are anticipated to continue to increase until 2020 with average annual growth of around six per cent nationally and an average London increase of over nine per cent.Read More
I have read yet another headline stating that the prime central London market has peaked. While the market has (thankfully) slowed, saying the market has “peaked” implies that prices will decline. This year has got off to a busy start and multiple bids characterise the market, driven by a chronic lack of supply. It is anything but a buyer’s market.
The problem is that the press and even agents tend to overuse the term “prime central London” and so common is the term that it now seems to incorporate pretty much all of Zone 1 these days. Perhaps I am showing my age but once prime central London had defined borders that did not stray outside the so-called golden triangle of the SW1, SW3 and SW7 postcodes. The prime central London creep means that it is now difficult to get a homogenous view of how this market is performing. Belgravia performs differently from Notting Hill. Chelsea performs differently to Mayfair. Completely different factors affect sales in Knightsbridge and Marylebone. Lumping them all together and saying that this is the prime central London market is misleading at best.Read More