A brief history of London architecture: how houses styles changed in London.

Let’s start a brief history tour into London houses’ architecture styles.

This  city calls in a lot of tourists for its history and culture.

You will see most of the tourists shooting photos of the gorgeous buildings.

But how much do we know about the architecture that shaped this city?

 

The Baroque Era (1600 – 1750)

Baroque used bold masses of curved shapes, strong lines, and rich colours.

Above all, Baroque is sensual.

Yet that appeal is theatrical, intensely three-dimensional.

London holds many Baroque features.

After the big fire of 1666, almost all of London burnt down and the new buildings that raised on top of the ashes were following the baroque design.

The most iconic architect of this era is Cristopher Wren.

The Georgian Era

During the time London expanded beyond the original borders,

the Georgian Style reshaped the capital.

For the first time,

houses were built to make a profit and multiple properties were constructed in one go.

They focused on building London’s great estates – such as the still privately-owned Grosvenor Estate and the Bedford Estate – and you’ll mainly find London’s Georgian buildings in central parts of the capital.

The Regency Style 1811 – 1820

Besides being a brief period, the Regency style left a  significant mark on London’s face.

The main element shaping this style is the impressive stucco front.

Regency is above all a very stringent form of Classicism,

directly referencing Graeco-Roman architecture and structures.

 Regency employed enhanced ornamentation like friezes with high and low relief figural or vegetative motifs,

statuary, urns, and porticos, all the while keeping with the clean lines and symmetry of early Georgian architecture.

Typically Georgian features like sash windows were retained,

along with first-floor balconies, which became especially popular in the Regency period,

utilizing either delicately wrought iron scrollwork or traditional balusters.

Areas such as Belgravia and the roads surrounding Regent’s Park display examples of London’s grand Regency architecture.

The Victoria Style 1837-1901

The Victorian Style reflects the political and economic scenario London was experiencing during the Industrial Revolution and the surge of the British Empire.

The new prosperity reflects in the taste for a more elaborate and intricate architecture.

Buildings like St. Pancras Station and the Houses of Parliament are perfect examples of Victorian grandeur,

designed in a Gothic style.

The Victoria period also brought the introduction of mass housing.

Most of the Victorian homes were built for the middle class,

the bourgeoisie that was experiencing an increase in wealth for the first time.

The industrialization also brought new houses built for the working classes,

that for the first time has access to home with proper sanitation.

Edwardian architecture; 1901-1910

The Edwardian era of architecture signs a period of revivalism influenced especially by the Baroque,

Georgian and the Arts and Crafts movements.

The context for the period was a rapidly increasing population and completion of new railway lines,

which gave rise to the ‘suburbs’.

By choosing to live in the suburbs,

the Edwardian’s were able to build their homes often on larger, leafier plots of land.

Edwardian homes tend to be shorter than equivalent Victorian residences,

partly because the middle classes who lived in these homes had less of a need for servants,

unlike the Georgian the Victorian generations before them.

Gone were the cellars and the second floors,

but it came larger halls and spacious gardens.

The eclectic mix of influences means from the exterior Edwardian homes might be identified by:

Dutch gables

deep bay windows

sash windows

pilasters and the trends that were to half-clad the property exterior in timber or sub-divide windows into smaller square panes in order to create an aesthetic appeal.

Given how much the population of cities like London had expanded during the previous centuries

The majority of Edwardian homes are more likely to be found today in London’s garden suburbs such as Hampstead Heath, Dulwich, Blackheath, and Richmond.

Art Deco – 20s – 30s

The architecture boasts:

clean lines

curves

geometric patterns

bold color

and elaborate, stylized sculptural accents.

 Art Deco was adopted most enthusiastically by “modern” businesses or those seeking to advertise their modernity and forward-thinking attitude.

These include cinemas, media headquarters,

airports, swimming pools, factories, and power stations (i.e. Battersea Power Station).

It was a flashy, luxurious style, so it was also well adapted for department stores (i.e. Simpsons of Piccadilly),

theatres, hotels, and apartment blocks

Two of London’s finest examples of Art Deco architecture stand on Fleet Street: the Daily Telegraph building (1928) and the Daily Express Building.

 

 

Post-War – 50s

The conflicts damaged London and the Blitz left various scars in the City.

Hundreds of thousands of citizens had been evacuated to safer areas

the reconstruction of a habitable urban environment became a national emergency.

The need for housing urged to quickly and there was an extended use of concrete.

Traditionally, Modernism is typified by an emphasis on the rugged use of concrete slabs, clean cubic shapes and lack of ornamentation.

The style is clearly visible in the areas of London that were more damaged by the bombing, such as Barbican.

Present Day

This style is pushing London to the sky.

Developers continue to construct tall apartment blocks and high rise buildings master London.

However, unlike the practical, unattractive designs of the ’60s and ’70s, buildings are now more luxurious and lifestyle led.

10 Reasons to invest in Italy: welcome to Liguria, Imperia, Genoa, Riviera

Liguria is a charming region in Italy, running from the French Border, passing through Imperia (capital of the Riviera dei Fiori) until Genoa.

International property buyers are looking for their new homes in Liguria.

Lately, some of the world’s most authoritative newspapers in the world, such as The Telegraph, nominated Liguria as one of the top 20 best places on earth in which to invest in real estate.

Some recent searches show that Britons have still a lovely feeling for Italy and especially Liguria is very close to Tuscany, as the favourite holiday destination.

It’s not hard to understand the reasons for Liguria’s popularity.

1 – STUNNING SCENERIES FOR EVERYONE’S TASTE

Also known as the Italian Riviera, the coastline spreads for over 300 KM, with stunning waterfronts and soaring peaks.

The Imperia province is an extension of Cote D’Azur.

The blue water has been also awarded the Bandiera Blu, a national recognition offered to the coastal towns boasting the environmental sustainability and purity of the sea.

Running to Genoa, you will find Portofino, a fishing village and holiday resort famous for its picturesque harbor and historical association with celebrity and artistic visitors.

Moving forward, rooted in antiquity, Cinque Terre’s five villages date from the early medieval period.

While much of this fetching vernacular architecture remains, Cinque Terre’s unique historical draw is the steeply terraced cliffs bisected by a complicated system of fields and gardens that have been hacked, chiseled, shaped and layered over the course of nearly two millennia.

The extensive muretti (low stone walls) can be compared to the Great Wall of China in their grandeur and scope.

Nature reserves are also abundant in Liguria, covering 12% of the total region area.

The majestic Alps and Apennines form a spectacular backdrop that is a joy to behold. In fact, this narrow stretch of land has spectacular mountainous areas within 30 minutes from the beautiful coastline, so new residents can enjoy beaches and the ski lifestyle throughout the year.

2 – HISTORICAL VALUE

Liguria’s history recalls the Ancient times.

The first human settlements started back to the pre-historic age. Evidence of Neanderthals living in the area was discovered in the region of Loano, whereas in Ventimiglia, in the caves of “Balzi Rossi”, numerous remains of the Cro-Magnon man were found.

The area is also popular for a rich Celt history. It seems like the brave Celtic tribes were able to defeat the Romans many times.

Liguria bacame later a the Roman Empire province and many traces are still visible today, such as in Porto Maurizio and Ventimiglia.

The Aurelia street is the major transport link in Liguria and is based on the old Roman street that was linking straight to Rome.

Old Bussana (Italian: “Bussana Vecchia”) is a late medieval and early renaissance ghost town situated on a hilltop a few kilometers from the French border.

Founded in the second half of the 9th century, its residents abandoned in 1887 following an earthquake that destroyed many of the mostly 15th-century buildings.

Triora was the site of the last witch trials held in Italy, during the Renaissance.

As such it has been selected as the location of a series of folklore- and horror-themed events and festivals in recent years.

Today the old Medieval town is still open for visits.

Take a tour and visit the old houses where witches used to gather.

Genoa is rich in history.

You should start your journey from Piazza de Ferrari, located in the centre of the old town in the Molo district and one of the central points of Genoa.

It offers a myriad of different sights.

From there your path should cross the Christopher Columbus  House, the fishermen harbor, San Lorenzo cathedral, the monumental Staglieno graveyard and the many museums dotting the city.

Imperia shows its pride in Villa Grock.

Many will call  Villa Grok as the Stone Circus because it once was home to the very popular “King of Clowns”, Adrien Wettach.

Today, the villa shows the vestige of the old time, of the glamorous and shiny past, still encasedsed in the marble of its halls.

3 – HAVING FUN

The Ligurian scenario offers plenty of attraction for families and young people.

Sanremo is on the top list as the Movida’s paradise.

The city hosts the Music Festival every February, welcoming artists from all over the world.

The Casino is an Art Nuveau building, famous for its fine restaurants and gambling scenario.

On the coast, you will find plenty of bars, restaurants and clubs.

Imperia has a cosmopolitan allure, with international bars on the coasts, such as Greenwich Bar.

Moving to Genoa, you should pay a visit to the Aquarium, a 33,000 square foot) aquarium featuring the greatest variety of eco-systems of any aquarium in Europe with more than 600 fish and aquatic mammals on display.

The Aquarium is on the largest in all of Europe.

4 – FOODIES PARADISE

Ligurian cuisine is one of the best in Italy, thanks to the large variety of products you can find here and the special taste offered by the Mediterranean breeze.

Traditional dishes include chestnuts and mushroom, growing in the green wood.

The sea offers plenty of fish and the forests game meat.

The Ligurian cuisine is less loud than other areas of Italy, but every recipe will make you taste the special ingredients of the area.

On your visit to Liguria, we advise you to try castagnaccio, Genoa’s pesto, Focaccia, Farinata, Ligurian rabbit, Imperia brandacujun, mussels, and trofie.

Throughout the year, many different sagra (ood festivals dedicated to a specific dish or ingredients) are hosted.

The perfect way to start your journey to open your sense to the Ligurian food opulence.

5 – EASY CONNECTIONS

Liguria connectes with the whole world.

Genoa’s airport is modern and very efficient.

It connects the region with Sardinia, Rome,

Milan and other European destinations, such as the UK.

On the West side,

you can always reach the International airport of Nice,

with flights all over the world.

Other easy transport includes trains,

running through the coast and offering breath-taking views,

with routes leaning toward the sea.

If you feel like jumping into the past, a vintage steam train is still running from Savona to Turin, retracting the old routes of the 19th century.

The new train lines were recently redesigned to offer a quicker commuting.

What can you do with the old picturesque ex-railway lines? The most beautiful bike path in the Mediterranean!

Ligurians are famous for being careful with resources and transforming what’s old into something new.

So, here the idea of a new combined pedestrian and cycle path!

It runs between San Lorenzo al Mare and San Remo with a length of 20 km.

A range of bathing facilities, cafes, bars, restaurant and healthy sea air invite you to an unforgettable experience.

The flat road runs along the Mediterranean coast through many small towns.

Finally, let’s mention also traveling by boat.

Liguria has some massive harbors,

such as Genoa and Imperia,

connecting all of the Mediterranean Sea.

Traveling by car is also easy,

with an efficient highway connecting easily to France,

Austria, Switzerland and Italy.

6 – MEDITERRANEAN CLIMATE

Liguria position guarantees a blessed climate.

Despite its relevantly high latitude,

the mountains shelter from the cold air coming from North.

Summers are warm and never too hot,

whilst winter is never too harsh.

The climate in Riviera dei Fiori matches to the one in Southern Europe,

Naples in particular.

7 – THE REAL ESTATE MARKET

Properties in Liguria are a profitable investment and a good hedge against the inflation too.

Properties on the seaside are very popular, although this leads to higher prices.

To save on the budget, you can opt for a property on the hill or inland.

Even country routes are well maintained and efficient in Liguria and no house will be ever too isolated.

The property market is also stable here, with prices always growing in the last decades.

Properties in Liguria have both high yields and low-risks so that no other region could be able to compete with them.

They are real and tangible and they don’t change their stuff in accordance with the economic situation too.

Ligurian properties are also easy to cash, thanks to the great opportunities offered by the region in terms of strategy and the possibility to quickly sale thanks to a vivid audience of buyers.

8- HOLIDAY RENTAL

If you are investing in Liguria, you might think about holidays rental.

With more than 5 million overseas visitors every year (plus the internal market), holiday rental pitch to a massive audience.

Thanks, to the many attractions and easy transports, visitors love Liguria and will easily come to the area.

The variety of amenities creates an easy plan for families looking for relaxing holidays and young people looking for a funny experience.

Furthermore, prices for rental holidays during summer time go to the roof… making money is easy peasy in Liguria.

9 – RESTORATION

Restoring old houses is a valuable investment.

The market offers plenty of houses in need of restoration and investors will find an easy and attractive prospecting in working on them to rent them out of resale, achieving a good profit in a short time.

You can also find various old farms, where to add a garden or a pool for the pleasure of guests.

10 – THE WELCOMING SMILE

Ligurians are travelers.

They always have been.

Ligurians travelled the whole world and discovered new land.

This influenced their culture which is now open to people.

In Liguria, everyone is always welcomed with a smile.

They will be always listening to the stories of people coming from abroad.

Old ladies will prepare dishes for you.

The old gentleman will invite you to play cards in the local cafes.

In Liguria, you will find your new home.

These are only 10 simple reasons, but, believe me, there are millions…

 

The latest investment: buy a home with a garden.

The garden can be the latest investment in the UK, with Britons willing to pay around £27,000 in premium to buy a home with outdoor area.

According to Zoopla, also renters would pay an extra £245 per month to access to the garden.

Buyers in the south east are prepared to stump up the most for a home with a garden, paying an additional £31,768. Close behind are Londoners, who pay a £31,447 premium, followed by buyers in north east England, who hand over a further £30,942.

At the other end of the spectrum, buyers in Wales are the least willing to pay for outdoor space, averaging £22,036. The next most reluctant are those in Scotland (£22,208) and north west England (£22,471).

Buyer are keen in gardens and who would debate it? Having your own green space, where to gather with friends and family or relax on weekends with a warn cup of tea, will improve your lifestyle at home.

Buyers also admit that a unwell kept garden during viewings made them lose interest in properties.

Although this are the result, Brits are spending around 21 hours per month in their gardens. Meanwhile, renters are spending only 12 hours, basically forking out £20 an hour just for the pleasure of owning the garden.

Is this affecting potential vendors and landlords?

Of course it does. Especially with the good weather, home owners should take extra care of gardens, as Britons are actively looking for their place in the sun.

Links for you

Sorted: the difference between leasehold and freehold.

FAQ; the Help to Buy Scheme

Start your search for a property with garden.

Los_Anelgel_Mansions_Holidays_USa_Calfornia

 AREA GUIDE: SOUTH KENSINGTON, THE ETERNAL NEIGHBORHOOD OF WEST LONDON

Firstly, Let’s explore with this area guide the beautiful South Kensington, in West London.

The wealthy west London neighborhood of South Kensington way of life has been compared to European-style living, thanks to a concentration of flats in the area rather than houses.

South Kensington has one of the world’s greatest concentrations of internationally renowned cultural destinations. Housed in monumentally grand and architecturally stunning Victorian buildings, it has the Victoria & Albert Museum, the Science Museum and the Natural History Museum. The latter has a collection of dinosaurs that has made it a favourite with the nation’s children for generations.

SOUTH KENSINGTON REAL ESTATE INSIGHTS

This neighborhood is dotted with plenty of garden squares that are “hidden”, unlike the better-known squares of Notting Hill. Walking amongst lavish pieces of architecture, you will breath a European atmosphere, reflection of the many Europeans that moved here.

South Kensington presents fine terraced houses, most of them now split into flats and maisonettes. There are also charming small houses, always with a very well-kept garden in front. Walking in the area during springtime, you will smell the sweet perfume of the flowers blooming in the gardens.

South Kensington shows also a more modern trend, with the new developments striking on the West and North Side, heading towards EarlArels Court.

SCHOOLS

The neighborhood is home to several different options for schooling, including both private and public schools.

Some of schools include: Our Lady of Victories RC Primary School, Eaton House The Vale School, Glendower Preparatory School, Imperial College of Science, Technology and Medicine, Lycee Francais Charles de Gaulle.

TRANSPORTS

South Kensington has a Tube Station, served by the Piccadilly line, the Circle line and the District line. The efficent lines will whisk you straight to the West End, Paddington, The City of London.

If you are not a fan of underground transports, you’ll find plenty of buses running night and day in the area.

PEOPLE AND LIFESTYLE

South Kensington is one of the most visited parts of London, and for good reason: it’s home to the Natural HistoryScience and V&A museums. The main thoroughfare, Exhibition Road, is a lively and fitting route past the iconic institutions, up to Hyde Park and the Albert Memorial. There’s architectural splendour at nearly every turn, from the florid Italianate Brompton Oratory Catholic church to the iconic Royal Albert Hall.

If you are planning your night outs, you will have several options to pick.

It’s impossible to list all of the fantastic dining options open to South Kensington locals, from tiny independent eateries to award-winning chains.

Feeling like a steak? El Gaucho is the best option to pick. Known as the first Argentinian Steak House in London, here the mouth-melting food and the hospitality of an energetic host will guide you through a sensorial journey into the Argentinian cuisine. Other options included the proper old-traditional Italian Da Mario, Yashin Sushi, the colourful The Builder’s Arms.

Many come to Barts, a secret Chelsea drinking den for the 1920s-themed experience – step through a clandestine entrance to find an intimate, plush-red speakeasy adorned with old paintings and antique lights, bar stools and stuffed animal heads – but, great character aside, the real reason to come is for the killer cocktails. If you are a fan of elegant cocktail venues, you should add on your list Balans Soho Society.

A GLANCE INTO SOUTH KENSINGTON HISTORY

Firstly, It might sound funny to think about it, but South Kensington was underdeveloped until the mid-19th century.

However it was not until the Great Exhibition in 1851 that the area really started to take off.

In addition, following the 1851 Great Exhibition in Hyde Park, the exhibition’s commissioner bought an 87-acre (352,000 m²), known as as Exhibition Road.

The land became the home dedicated to arts and science. This lead to the opening of schools and universities etc.

The absorption of South Kensington was sealed by the arrival of the Underground to Gloucester Road in 1868. This linked the area directly to the main railway termini and to the political, commercial and financial hearts.

Also, South Kensington boasts an unbeatable range of free museums and beautiful open spaces alongside its more upmarket attractions.

HOUSE PRICES

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HOUSE PRICE INCREASE: +1.04% (since Sept 2017)

EL GAUCHO

The 1st Argentinian Stake House that opened in London. If you feel like having a delicious steak or some tapas, this is your destination.

 

WHOLE FOOD

Find your favourite supermarket in South Kensington, stocked with healthy and organic options.

 

 

SERPENTINE GALLERY

Sitting in the middle of Kensington Gardens, this little but precious gallery displays various contemporary masterpieces.

 

 

MURIEL’S KITCHEN

Muriel’s Kitchen is a family-run hideaway. Inspired by grandma Muriel, the restaurants offers the best ingredients of the season, sourced from independent suppliers.

 

 

VICTORIA AND ALBERT’S MUSEUM

The museum displays splendid marble statues, clothes from old times, decorative art and design masterpieces.

 

NATURAL HISTORY MUSEUM

Schedule your journey into history! From dinosaurs to Volcanos, from a piece of the moon to the most innovative scientific trends, everything is here!

 

BETTY

“I love living in  South Kensington. I’ve been living in the area for the last 15 years and I enjoy how this area is safe and the many cultural events scheduled every month”.

 

CHIARA

“South Kensington is rich of restaurants, clubs and it’s always funny!”

 

GUSTAV

“It’s safe and very few crimes are happening here. The educational system is also great and I feel confident in giving my children and great quality life”.

 

CLAUDETTE

“Living in Kensington is a dream made reality. Going through Exhibition Road, you will have museums, cultural events. The little streets are dotted with restaurants and (for a foodie like me) I’ve got plenty of options to eat around!”

Average sold price in South Kensington for March 2017 to February 2018:

£2,582,674

(Sold price data for South Kensington are calculated on Land Registry Data, considering sales for 12 months period indicated).

AVERAGE PRICE PAID:

£2,385,076

SALES FOR THE ACCOUNTED PERIOD:

139

CURRENT AVERAGE PRICE:

£2,594,476

CHANGE:

+1.04% increase

AVERAGE HOME RENT (PER MONTH)

 

Studio / 1 BR          2 Bedrooms           3 Bedrooms            4 Bedrooms

£1,820                        £3,445                     £5,850                    £8,450

 

AVERAGE HOME PRICE

 

   Studio / 1 BR          2 Bedrooms           3 Bedrooms            4 Bedrooms

        £775K                     £1,5M                   £2.85M                    £6.85M

 
 

 

THINKING ABOUT SELLING? CONTACT US TODAY AND RECEIVE A FREE AND CONFIDENTIAL PROPERTY VALUATION.

MARYLEBONE PROPERTIES INTERNATIONAL

37 LISSON GROVE LONDON NW1 6UB

020 77 23 23 24

INFO@MPIESTATE.COM

 

SOUTH KENSINGTON TOP SCHOOLS

SCHOOLS

OFSTEAD RATING

CHELSEA OPEN AIR NURSERY SCHOOL AND CHILDREN’S CENTRE

Ofsted phase: Nursery
School Type: Nursery
Age: Nursery

 

 

⭐️ ⭐️ ⭐️ ⭐️ 

BOUSFIELD PRIMARY SCHOOL

Ofsted phase: Primary
School Type: Community
Age: 1-6 

⭐️ ⭐️ ⭐️ ⭐️ 

CHRIST CHURCH COFE PRIMARY SCHOOL

Ofsted phase: Primary
School Type: Voluntary Aided
Age: 1-6

 

⭐️ ⭐️ ⭐️ ⭐️ 

MARLBOROUGH PRIMARY SCHOOL

Ofsted phase: Primary
School Type: Community
Age: 1-6

 

 ⭐️ ⭐️ ⭐️ 

ORATORY ROMAN CATHOLIC PRIMARY SCHOOL

Ofsted phase: Primary
School Type: Voluntary Aided
Age: 1-6

 

⭐️ ⭐️ ⭐️ ⭐️

The difference between freehold and leasehold – the ownership in the UK.

When you wish to go ahead on the property ownership in the UK, you should familiarise yourself with Leasehold and Freehold.

LEASEHOLD

When you buy a leasehold property, you buy for a fixed period.

The time is usually 99 years, whistle new properties usually have longer ones, even of 999 years.

In this case, you don’t own the land where the property sits, which right is with the freeholder. Flats are usually sold as leases and the owner has to pay yearly service charges for the maintenance of the building and ground rent

Rent and service charges can increase in time and it’s important to ask your solicitor about the rental projections on any leasehold purchase. Campaigners have suggested capping ground rents at a tiny percentage of the property’s value to avoid unexpected rises.

DRAWBACKS

A drawback to leasehold is that due to the set amount of years of ownership they are technically a dwindling asset.

When the lease period diminishes, especially below 80 years, it’s difficult to sell a property and the bank will be less likely to grant a mortgage.

An owner can always extend the lease, which can be pricey… but it will add a lot of value to the property.

Consumer groups have advocated extending leases but warn that you must take into account the costs incurred by legal advice, the lease extension valuation report by a surveyor, your freeholder’s reasonable legal and own valuation costs, which you are required to pay by law, and Land Registry fees.

FREEHOLD

Freehold is the easy option where you own the land and property.

You will never have to pay for ground rent or services charges. Neither you have to care about residents regulations and planning some works would be easier.

Most houses in the UK hold a freehold tenure, but some of the new-built ones are actually or leasehold or part-freehold leases.

SHARE OF FREEHOLD

And here we go again. Another tenure.

This allows you to own your flat outright, although works differently from owning a house freehold.

With the share of the freehold, you will have a leasehold property but residents can start a new freehold organisation can grant new leases of long length, say 999 years, with a peppercorn ground rent.

This is preferable for technical reasons for owning a flat freehold, which causes problems with insurance companies and mortgage lenders.

LINKS FOR YOU

Do you have some question? Contact one of our experts.

The ultimate guide to sell your home.

How to make your house look bigger.

Cyprus: where luxury and international property and development meet in Limassol.

Limassol is a charming town in Cyprus, becoming famous in the international scenario for the new luxury development and property scenario.

Many clients of mine are contacting us asking about where to invest in the international markets and why Cyprus is becoming the queen city for investments. I’ve then decided to pool my answers in this quick guide for you.

Let’s begin our journey, shall we?

1 – LOCATION, LOCATION, LOCATION

You can invest everywhere in the world, but the location will be always the King.

Cyprus sits between Africa, Europe, and Asia. This strengthens its position as a major Eastern Mediterranean trading post as well as a renowned international business and services center. This vintage positioning allows Cyprus to act as a point of exchange between these three continents, therefore, offering businesses easier access to new markets.

This positioning also makes the island an active transshipment center that facilitates the shipment of goods into and out of the European Union effectively qualifying it as a business hub.

2 – POLITICAL AND ECONOMIC STABILITY

Cyprus enjoys a stable political climate, with a prosperous democracy. The age of recession is now a memory of the past and official report highlight the return back to growth and economic stability.

Cyprus is also untouched by terrorism and racism (typical sores in Europe and the Middle East). Therefore, international clients (especially from Russia and China) are feeling more confident in investing here.

3  – AN HAPPY TAX SYSTEM

Cyprus boasts an efficient and attractive tax structure which fully adheres to EU, OECD, and International regulations.

Although there is a new legislation discussed at the moment to attract further international investments, the Tax System has already the following highlights:

  • Cyprus has the lowest corporate income tax rate in the EU, with tax residents companies taxed a flat rate of 12.5%.
  • Foreign sourced dividends are generally exempt from tax when received by Cypriot tax resident companies.
  • Low individual income-tax rates: individuals earning less than €19,500 per annum pay no income tax, while those earning more than €60,000 pay a tax of 35%
  • Disposals of shares and other qualifying securities (such as corporate bonds) are exempt from tax provided the disposed of a company does not hold any immovable property in Cyprus.
  • Generally no withholding taxes on payments from the island.
  • Profits of a foreign Permanent Establishments (PE) are exempt from taxation, under easily met conditions.

As we can see, the results of this flexible tax regime bring more holding companies, finance institutions, IP companies and value chain transformation companies to Cyprus. Taxes incentives reduce costs in making business, reflecting into competitive prices and also higher profits.

4 – PASSPORT FOR RESIDENTS

Foreign investors (including property and development ones) have the golden opportunity obtain a Permanent residence Permit or EU/Cyprus citizenship. The Government would run a scrupulous check on the applicant, but usually, it takes 3/4 months to obtain your brand new passport.

The main requirement asked by the Government is to invest in Cyprus.

5 – BANKING AND PROFESSIONAL SERVICES

This golden island has a large number of highly educated and efficient public accountants and advocates offering prime services. They are also multilingual, proficient in English, Greek, Turkish and Russian. Liaising with international clients is therefore not a problem and an international investor can access to top-notch legal services, accounting, management consultancy, and financial advisory.

Cyprus has also a strong banking system offering asset management, syndicated loans, retail banking, custodian services, private banking, and investment banking.

6 – LEGAL STRUCTURE

The legal structure in Cyprus finds its roots in the English Common Law, promoting transparency end efficiency in dealing. Foreign investors will also find a familiar and easy legal system to deal with.

The most relevant elements within the Cyprian legal system are:

  • Banking law
  • Investment services and Regulated Markets Law
  • Trustees law
  • International Trusts Law
  • Cyprus Stock Exchange Law
  • Company Law Chapter 113
  • Law on the Prevention and Suppression of Money Laundering
  • Insurance services law
  • Merchant Shipping law
  • Limited and Unlimited liability partnership chapter 116 

7 – THE ENERGY OPPORTUNITY

This country and the European Union at large, are highly dependent on energy imports.

The EU produces 48% of its energy needs and imports the remaining 52% from Russia, Algeria, and Norway.

The island’s substantial oil and gas reserves could change the European Union’s energy narrative. According to US Geological Surveys, the level of untapped oil and gas reserves in that region is immense. As a result, the government is on course to construct an energy center that will have storage facilities, transit equipment as well as exploitation mechanisms.

Hydrocarbon exploitation will not only solve the countries’ energy deficits but also attract business people from all over the world.

8 – THE BEAUTIFUL LIVING

Cyprus is a dazzling island, boasting lavish sea shores, fiery sunsets, friendly people, glorious mountains, long sunshine exposure, inclination towards arts and culture, and beautiful property scenario.

Besides its beauty, this paradise has a low crime rate (the country has been ranked the safest smaller country in the world and fifth worldwide by ValuePenguin),  lower costs of living when compared to other business locations and a stimulating economic system.

Cyprus has been ranked the 23rd country in the world regarding the quality of life.

These elements, including as well lower street, are just the keys elements to boost business to the stars.

9 – CYPRUS AND THE EU

On the 1st May 2004, Cyprus gained its membership into the European Union and adopted the Euro in 2008.

This means that Cyprus has access to to the European currency and also the European legislation, granting more stability and benefits. It also remarks the trust given to Cyprus, as the membership to the Union is a vote of confidence which is useful in guaranteeing stability and safety for investors.

10 – STRONG INFRASTRUCTURES

Cyprus has invested heavily in telecommunications, shipping and road and air transport. It is home to sophisticated roads with multiple lanes which allow for faster and efficient movement between points. These roads complement their two world-class international airports; one in Larnaca and the other in Paphos which see approximately 10 million visitors come to the island. These airports also play a pivotal role in linking Cyprus with numerous global destinations.

It also has two deep sea ports located in Larnaca and Limassol. Limassol is a popular pause point for international cruise liners. Besides, it handles freight cargo, and it utilizes advanced logistic solutions which reduce costs and increases efficiency.

This country is considered a telecommunications center, with satellite and submarine fiber optic cables connected it to the rest of Europe, Asia, and the Middle East. The Eastern Mediterranean Island also has fast internet connectivity.

Furthermore, an English-based system of education, reliable and affordable health services, booming tourism industry as well macroeconomic stability boosts Cyprus’ credentials as a desirable investment destination.

Having established why you should invest in Cyprus, it is imperative you determine investment opportunities available. The property and development scenario is definitely a profitable opportunity waiting for you.

Could Cyprus be the goose that lays the golden egg?

If you have a question about Cyprus or Limassol, just let me know!

Your Faithfully,

Romina Giordano

The 10 most common (false) myths about Agents and Real Estate – by Arianna Sturla

The 9th of April 2018, on a cold and rainy day here in London, I began my career as a Real Estate Agent at Marylebone Properties International.

I gotta say from the very beginning I was amused by the property world all of us are so used to, but which is so foreign at the same time, that is the real estate industry.

Everybody (or most of us at least) have been in a point in our life where we needed to relocate -might it be for school, work or life choices. And we all had to search for a new place to call home.

Many of us decided to do so through a Real Estate agent to facilitate and speed up the process. But you would be surprised to know there is a very large number of people that still don’t trust agents.

Why? Because, as for many other jobs, the figure of the Estate Agent is surrounded by common believes, some -I’m afraid- true and some absolutely false.

In this first article of mine, I will make a list of the 10 most common myths about Agents and Real Estate I came across in my time working in London Let’s clarify for whoever has to approach the Real Estate world in London.

1) Real Estate Agents in London are always late for appointments

A pretty common belief is also that Real Estate Agents are always late for appointments because they need to show the clients that they have a lot of deals going on and since their time is precious.

This myth is as far from the truth as you can get, actually.

All respectable agents will try to be at the appointment at least 10-15 minutes early to make sure everything is alright and to make a good impression on their clients.

Would you wish to be late for a job interview? No, and neither do we, and I can assure you that, as much as it does in a job interview, punctuality and professionalism play an important role in any real estate negotiation.

If it ever happens that your agent is a few minutes late, she might simply be stuck in traffic because she just had another viewing on the other side of the City.

2) A Real Estate Agent will say and do anything to make a sale

Although you’ll find some dishonest agents who will lie to you, not all agents would be willing to do so in order to make a sale. Doing so would cost as our reputation after all!

A Top Agent doesn’t need to lie to get new clients and close the deals, and those Agent who -like me- do this job because they actually enjoy doing it honestly and truthfully are very careful to uphold a client’s trust: also, making a false statement is against the law, and Agents who fail to disclose important material facts are subject to legal prosecution.

3) Paying rent is like throwing your money away

Many people believe that owning your home is better than paying the rent because in the second case you spend money without actually owning anything, but what they often forget is that, in a city like London, renting properties often makes more sense: the rent for a room in a shared house in Zone 2 can be around £600-800 a month, while having your own house usually costs you in maintenance cost, bills and council tax.

4) The longer a home stays on the market, the more negotiable is the deal

It works the other way around, actually.

It’s like that the home everybody fancies has been on the market for a while now likely due to its just slightly negotiable asking price: the seller may be unrealistic about their asking price or want the market to pay more than it is willing to bear.

5) When making an offer on a home, you need to start with a low offer and then raise it

Just as sellers can make the mistake of overpricing their properties, buyers can mistakenly start with a really low offer.

Although there is nothing wrong with negotiating, if the property you are putting an offer on is priced within a certain range, an unrealistically low offer is only going to put the seller on the position of not taking you seriously, with the unpleasant result of blowing up the deal before the negotiation even starts.

6) “Location, Location, Location” and “Homes Under The Hammer” shows common people how the Real Estate industry works

Reality Shows about millionaire properties and super-rich agents don’t’ make the standard, day to day deal Real Estate Agents close in reality.

While these shows raised the interest of the public towards the real estate industry, they depict the real estate world in London wrongly. For every millionaire properties’ deal, there are thousands of small rents and commercial sales we have to go through first. Also in Marylebone.

7) New Agents don’t have the Know-How

How many times I’ve herd it, since working at Marylebone Properties International.

Some clients may look specifically for agents with at least one years of experience in the field because they are convinced that agents in training don’t have the proper know-how.

This decision could also turn out to be a bad idea after all.

Experience certainly know how to do their job efficiently. But being quite new in the industry mean that you give a better customer service. You are more of a go-getter since everything is so exciting and new. You work very hard to prove your worth to others and to yourself.

8) Selling a home “For Sale By Owner” saves lots of money

The main reason sellers choose to put their house privately is because they think that way they will save lots of money.

Many sellers who attempt to sell their home will end up losing money by not hiring a professional real estate agent. That could lead to a series of mistakes made by the house owner for not being practical with the real estate market.

Did the private landlord overprice their home and it didn’t sell for several months? Did he not know how to negotiate the best price and terms for his/her home?

9) The less commission you pay to sell, the more you make

Agent will claim they can make you save money because they charge less than the average market price.

The truth is agents who excel in this business do not discount their services. An agent that charges you 0,1% will give you much less consideration than one that charges you 2% or more.

10) All Real Estate Agents make too much money

An agent’s average annual salary is often less than $40,000 a year, and many of the Agents are actually freelancer who get paid on a contract basis.

Has anybody ever told you: “Every penny more you pay for that house makes the agent more money. Don’t trust them.”?

What a common misunderstanding. The difference between $400,000 and $410,000 is about $200 to an agent. Said Agent won’t pay much attention to the commission difference of a $10,000 spread.

So be wise, make your decisions carefully and thoughtfully, and when possible choose a professional.

We make everything easier and smoother for both sellers and buyers.

That’s all for now.

Follow my blog every Monday, Wednesday and Friday for more advices and interesting stories from the Real Estate world.

Your personal Alice in Wonderland,

Arianna Sturla

Your might also be interested in:

Halifax has released their report to explore what’s happening to the property market throughout the UK.

The index has been based on data related to the mortgage approved by Halifax and shows that prices in the last three months to January were 2.2% higher than in the same three months a year earlier, although the annual change in January was lower than in December (2.7%).

House prices remained unchanged in the recent quarter (November-January) from the previous quarter (August-October) and the average price of £223,285 at the beginning of the year is 1.9% higher than in January 2017 (£219,217), however, the current price has edged down after recording £226,408 – highest on record – in November.

 

For the second month in a row,

Halifax is spotting a fall in prices, after having reached the record last November, but the amount of sales is still strong with 1.23 million sales in 2017. This is definitely an encouraging move as over the previous five years the number of sales was around 890,000 annually.

Halifax index has some flaws, as based on mortgage approvals that might not end in a sale completion, and avoid the many cash purchases that are actually in great numbers, especially in Central London. It’s still a good report that offers precious insights in regards to the market health.

Halifax also reported a reduction in mortgage approvals in December,

as the market wound down for Christmas, but despite 2017 was a tough market, the overall mortgage approval fell only by 2% when compared to the same period in 2916.

There is still a level of uncertainty within the market, with vendors willing to wait for a growth in prices before selling and buyers actually thinking in perspective and waiting for more tranquility as well. This results in a fall of the stock

We see a group of buyer that is actually growing steadily: first-time buyers.

It is estimated that the number of first-time buyers has reached 359,001 in 2017. So at 6% increase continuing a six-year upward trend.

First-time buyers now account for a whopping half of all house purchases with a mortgage.  Therefore up from 14% just ten years ago.

And this happened even before the abolition of stamp duties for the first-time buyer on properties below £300,000, which positive effects are still too immature to be properly analyzed.

What can we recap in regards to the market health?

January is never a bright month for properties. Besides the cheaper mortgage rates and the abolition of stamp duties.

So, therefore, buyers prefer to wait for spring and summer to actively look for properties to buy.

Price growth will also increase steadily, as a result of the higher demand. But the lack of larger stock can also result in leaving buyers with empty hands.

 

16 Places that will make you fall in love with London!

Check out places that you will certainly fall in love and never leave these places in London.

ISABELLA PLANTATION – RICHMOND PARK

Isabella Plantation_Richomd_Park_London

Isabella Plantation is a picturesque woodland garden that just popped out of a fairy tale! Watching south-west Londoners mistake chugging around Richmond Park in their 4x4s for a day in the country isn’t everyone’s idea of fun, but the traffic-free Isabella Plantation is a real oasis. Established during the 1950s, the ornamental woodland garden consists of clearings, ponds, streams and is planted with ferns, exotic trees, shrubs. It’s particularly striking during April and May when the azaleas and rhododendrons put on their annual show.

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2

ST DUNSTAN-IN-THE-EAST -DUNSTAN

St Dunstan-in-the-East

St Dunstan-in-the-East was a Church of England parish church on St Dunstan’s Hill, halfway between London Bridge and the Tower of London in the City of London. The church suffered some damages during the Second World War and the infamous London Blitz. It is now one of London’s secret gardens. One of the last Blitz-damaged buildings left in the United Kingdom, overgrown with trees, ivy, and wall climbing flowers growing amongst the ruined arches, it’s a poignant living memorial to the horrors of the Blitz and a testament to the resilience of the City of London which survived it.

St Dunstan-in-the-East

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KENWOOD HOUSE – HAMPSTEAD

Kenwood House is nestled on top of the hill of Hampstead Heath, a beautiful ancient wood in North London.  A graceful former stately home, Kenwood offers a tranquil respite from the bustle of the capital in its landscaped gardens and grand interiors. Our range of stylish gifts – created exclusively for English Heritage – evokes this graceful ambiance, and includes beautifully packaged confectionary, elegant chinaware and fine leather goods inspired by Kenwood’s breath-taking architectural beauty.

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4

DAUNT BOOKS – MARYLEBONE

Calling the book lovers! Daunt Books in Marylebone will make Belle turn green with envy!

The Marylebone branch of the famous Daunt Books chain will make you step back in time and get lost through the wooden interior and floors of books.

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5

BARBICAN CONSERVATORY

Are we still in London?

Yes! Welcome to the Barbican Conservatory: the second largest conservatory in London. It’s the house more than 2,000 species of plants, trees, terrapins and koi carps. Your way out of the traffic of London to find your corner of tranquility.

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6

HIGHGATE CEMETERY – HIGHGATE

Wind your way up the snaking path through the looming trees to the Highgate Cemetery and see the immense gothic tombs and memorials. Highgate is one of the most famous monumental cemeteries of London and shows some of the most impressive masterpieces in the funeral industry. Here you will find the mortal coils of famous people, including Karl Marx, Malcolm McLaren and more.

It’s dead good.

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7

LITTLE VENICE

Cruise the canals as you were in Venice.

This tranquil area, just north of Paddington, is romantic as the Italian city we all love. You can enjoy a tour through the canals with a narrowboat that will lead you straight to Camden Locks, a spot of water-borne theatre on the Puppet Theatre Barge, or eat on one of the many fish restaurants, cafes and deli dotting the docks.

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8

LEIGHTON HOUSE MUSEUM – KENSINGTON

East and Wets meet each other in this opulent house in Kensington. The painter Frederic, Lord Leighton commissioned the architect and designer George Aitchison to build him a combined home and studio. The result is this stunning abode combining Oriental and aesthetic interiors. The House is today a museum, displaying works of art by various members of the Pre-Raphaelite Brotherhood, including John Everett MillaisEdward Burne-Jones, and George Frederick Watts, as well as 81 oil paintings by Leighton himself.

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9

LEE VALLEY WHITE WATER CENTRE – WALTHAM CROSS

The Lee Valley’s White Centre is a white-water slalom center, that was constructed to host the canoe slalom events of the London 2012 Olympic Games. Today is the must go place for extreme sports lovers: from wacky white water rafting on the Legacy Loop to playful paddling on the lake, there’s plenty to keep both the little kids and big kids entertained all year round.

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10

RUISLIP LIDO – RUISLIP 

Who needs to go to the Caribbean when you have the seaside in London?

Ok, maybe you will not find the golden beaches and the tropical breezes, but you can still find your spot in the sun without leaving Zone 5. The lido is set on Ruislip Wood and boasts a 60-acre lake, sandy beaches, and even a miniature railway. On sunny days, this little secret lido will offer you breathtaking panoramas, sunbathes, picnics areas and much more. For your furry friends, there are also areas dedicated to dog walking.

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11

KYOTO GARDENS – HOLLAND PARK

Konnichiwa!

One of the most interesting things about London is the melting pot that this city can create. Influenced by so many cultures, it’s not surprising to find several spots dedicated to different countries in the world. Known for its colorful blossom trees, the Kyoto Garden is also home to a rock waterfall, a pond with some pretty koi carp, and of course, Holland Park’s famous peacocks.

The Kyoto Garden was donated by the Chamber of Commerce of Kyoto, in recognition of the Japan Festival held in London in 1992 — including the first international sumo wrestling competition at the nearby Royal Albert Hall.

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MUSEUM OF BRANDS, PACKAGING & ADVERTISING – NOTTING HILL

Tucked just off Portobello Road, the museum of brands, packaging & advertising stored over 12,000 objects we all are very familiar with. You will find wrappers, toys, posters and general collectibles arrange in date order to nicely guide you through a trip down memory lane.

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NEAL’S YARD – COVENT GARDEN

One of the most colorful street in London where buildings are sporting all of the colors.  This pedestrian square is in Covent Garden and is a favourite for residents for a pick-me-up or a lovely lunch.

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14

ROMAN BATHS – BILLINGSGATE & THE STRAND 

London was founded by the Romans and we can still find many traces of their remains, including these beautiful baths just next to the Strand.

Lower Thames Street is home to one of Roman London’s most fascinating remains. The Billingsgate Roman Bathhouse was discovered in 1848 and is now open for public inspection. It’s remarkable how the baths managed to survive despite bombings, wars, and developments. The foundations were also used to support a Victorian bath that was regularly frequented by Charles Dickens.

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15

BATHING PONDS – HAMPSTEAD HEATH

Hampstead Heath is definitely extraordinary and also hosts some ponds where you can swim.

There are 3 ponds in total: two for single sex and one for mixed bathing. These ponds are fed by the headwater springs of the River Fleet, and three of them are now large freshwater swimming ponds — two designated single sex, and one for mixed bathing. The swimming ponds are three out of some thirty ponds in total on Hampstead Heath. They were originally dug in the 17th and 18th centuries as reservoirs and now grants some fresh entertainment to Londoners during the hottest days.

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16

WILTON’S THEATRE – EAST END

Wiltons is the oldest surviving hall in the world still is still operating. Several performances, films and photo shooting are actually finding their stage in this decadent and sometimes melancholic theater every year. You can find the Wilton’s Music Hall in  London Borough of Tower Hamlets.

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Obsessed with fashion? You will fall in love with the beauty and opulence of the new Versace Tower.

London_Aykon_Dubai_Development

The AYKON London One is the new development rising in Nine Elms developed by Damac, the leading luxury Dubai developer, and internally designed by the Italian fashion brand Versace.

AYKON London One is valued at £590 million and is scheduled for completion in 2020 and around sixty percent of the apartments have been pre-sold. The tower is located in Vauxhall, ideally connected to Central London. It will consist of 450 apartments (from one to three bedrooms). Each flat is a eulogy to elegance and glamour and each of them will feature winter gardens, wooden floor, marble bathrooms and panoramic views over the city.

The developers also crafted are. as where the residents will have the possibility to meet and build a community. The building will contain just under 10,000 square feet of communal gardens, a”sky bridge”, gym ( fitted with Versace towels and punching bags), jacuzzi, pool, cinema, playground, and lounges,

London_Aykon_Dubai_Development

Interiors are designed by Versace, that will channel a Greek and Roman mythological theme across private and public spaces, using the iconic Medusa head logo ad gold and cream color scheme.

London_Aykon_Dubai_Development

The brand’s ‘V’ logo will be inlaid in marble at the entrance of every apartment.

To book your viewing and reserve yourself a piece of the Versace World in London, contact us today. Marylebone Properties International is proud to announce our collaboration with AYKON and Damac in offering to the London market these masterpieces of architecture in London.

London_Aykon_Dubai_Development

Game of Thrones

Hold yourself Game of Thrones is long over and, whilst we are still mourning the deaths of our favorite characters last seasons, we have to wait until 2019 to see the next and finale seasons of our favorite show.

Let’s our watch start and to kill the time you can think about decorating your own home with the colors of your favorite House. If you are feeling a little DIY, you can also do like Michele Clapton and use Ikea’s furry rag to create capes.

WINTERFELL

Courtesy of: Offgridquest

Especially when the temperature falls, you want to create a warm and cozy environment around you. Who can face better winter than our favorite House of the North? Follow the style of the Stark family and add extra fur in your room.

The contrast between warm colors and the iconic grey of the House will enlight an elegant allure to the house. And if you are lucky enough to have a fireplace in the house, just light it up to create a magic atmosphere.

 

KING’S LANDING

Cover your house in red and gold furniture and decoration and you will feel like being transported to the Red Keep. Kings’ Landing is now the home of the Lannister, then be bold and add rich crimson rugs, chandeliers, and rush for a lavish appeal.

HIGHGARDEN

London_Living_rom_conservatory

Though our journey through Westeros, here we are in Highgarden, the land of the Tyrells. In Highgarden the architecture and decor remember the nature and what better way to celebrate nature than bringing in plants and opt for natural elements such wood and straw? Make your conservatory the envy of the seven kingdoms, and be inspired by the decoration above!

DRAGON STONE

A living room for a Queen. Daenerys would give double thumbs up for a living room like this in the Targaryen’s castle of Dragonstone. Neutral colors and elegance are the styles you want to go for in this charming living room. Check if the furniture is fireproof, in case you wish to have a pet dragon…

Interior design: Ida Christofi

Marylebone Properties Idea 

 

The  5 scariest  places in  Central London

Carve the pumpkin, dress up the house for Halloween, embrace your inner child and wrap yourself in scary outfits (for inspiration, give a shout to Heidi Klum, the celebrity that means serious business when it comes to her spine-chilling fancy dress costumes).

London has the reputation of being the most hunted capital in the world for scariest palces. Since the Romans founded the first settlement, the city had passed through centuries of demolitions, tragic events (such as the brutal political’s murders of the Tower of London) and frighting moments for its citizens (think about the tragic victims of the world’s most infamous serial killer, Jack the Ripper).

The various stories that happened into the maze of London streets have created an intricated net of legends and through the years thousands of residents have witnessed spooky apparitions and phantoms floating in London streets.

Basically, in London, you are always 5 minutes away from a Costa or a ghost.

We will guide you today thought the 5 top scariest properties in London.

1 – THE GIRL OF KINGS CROSS STATION

 

London Tube is famous for its ghosts stories and almost every station and line is hunted by phantom trains or the spirits of those who perished there.

One of the spookiest stories is set in Kings Cross Station. Since 1988 the ghost of a young woman with long brown hair and modern clothing is spotted walking through the corridors of the station.

The lady is said to scream loudly with arms outstretched and when commuters try to approach to comfort her, she disappears into thin air. More creepily, people have heard her sobs when the platforms are empty, and others have smelled smoke curling out from underneath the escalators.

She is believed to be one of the victims of the infamous Kings Cross fire of 1987, the day when someone carelessly dropped a match on an escalator lighting a fire that killed 31 people. Today, the terrible memories of the fire still linger on in the form of the crying girl.

2 – THE GHOST OF THE HOTEL

 

Stephen King wrote:

“Hotel rooms are just naturally creepy places. … I mean, how many people have slept in that bed before you? How many of them were sick? So how many were losing their minds? Therefore, how many were perhaps thinking about reading a few final verses from the Bible in the drawer of the nightstand beside them and then hanging themselves in the closet beside the TV?”

He was right.

Hotels are impregnated with the stories of thousands of visitors every year and hold their secrets. Not surprisingly, hotels are also some of the most hunted places. For your spooky and lavish Halloween in London, we suggest the Langham Hotel and to book room number 333… if the reception will no dissuade you.

The Langham Hotel is located in Marylebone facing towards Regent’s Park.

Its patrons included Napoleon III, Mark Twain Oscar Wile, Antonin Dvorák and Arturo Toscanini. The architecture is inspired by the Florentine style and we highly recommend to dine at the fine restaurant, lavishly decorated with marble and flowers. The hotel also boasts the spirits of:

  • A German prince who jumped out of a fourth-floor window (described by BBC announcer, the late Ray Moore, as “beefy, with cropped hair, sporting a military-style jacket that buttoned up to the neck.” Frequently observed in the early morning hours walking through doors. Rated most active ghost at the Langham, with a particular penchant for Room 333.)
  • The spirit of a doctor who murdered his wife then killed himself while on their honeymoon. (Manifests as a silver-haired Victorian gentleman with cloak and cravat and, like all ghosts, has blank, staring eyes. Spotted in 1973 by BBC announcer James Alexander Gordon while he slumbered in Room 333. Only makes appearances in October.)
  • A man with a gaping wound on his face. (Tends to stick to the hallways.)
  • Emperor Napoleon III, who lived at the Langham during his last days in exile. (Now prefers the basement.)
  • A ghost who has a thing for tipping guests out of bed while they’re sleeping. (Once shook the bed in Room 333 with such enthusiasm that the occupant fled the hotel in the middle of the night.)
  • A butler saw wandering the corridors in his holey socks.
  • A footman in pale blue livery and powdered wig. (Spotted by, you guessed it, BBC staff. Presence often accompanied by a sudden drop in temperature.)

Room 333 seems to be the most active room, a favorite spot for the doctor and the prince who perished there.

3 – 50 BERKELEY SQUARE

Nestled in Mayfair, these gorgeous building is now headquarters of Maggs Bros. bookseller.

The attic of the building has a famous occupier: the spirit of a young lady who committed suicide, throwing herself from the top floor windows after being abused by her uncle. Her spirit is not at rest and it’s reported that she fancies taking the form of a brown mist to frighten people to death.

According to the legend, three people faced the fatal moment whilst staying in the attic and died because of the tormented spirit:

  • In 1872, Lord Lyttleton spend one night in the attic. The silence of the night was broken when he fired his shotgun to something. The next morning he was found dead but his cartridges disappeared.
  • In 1897 a maid stayed overnight in the attic, became mad and died in an insane asylum the next day.
  • In 1887, sailors from the HMS Penelope stayed overnight but one of them was found dead in the morning. Apparently, he lost his balance whilst running away from a mysterious presence.

4 – THE GHOST IN THE MUSEUM

The Handel House Museum is based in Mayfair, in 25 Brook Street, and is dedicated to the works of George Frederic Handel, the German-born baroque composer who lived here from 1723 until his death in 1759.

The staff has reported the presence of the ghost of a lady, leaving behind her a strong line of perfume. She is believed to be one of the only two women known to have visited the housein all palces. While Handel lived there were two fiery sopranos, Faustina Bordoni or Francesca Cuzzoni.  Who viewed to perform in his operas.

The late rock guitarist Jimi Hendrix once said he thought he saw a ghost in the house next door, where he lived in the late 1960s.

The Handel House Trust has contacted a Roman Catholic priest who carried out the ritual in the bedroom where the composer died and the ghost has been seen, to avoid visitors to be frightened.

5 – THE RESIDENTS OF THE ROYAL ALBERT HALL

The Royal Albert Hall’s scary line might have started with its creation. It stands on the site of Gore House the former home of Marguerite. Instead of  Countess of Blessington (1789-1849).  Whose extravagant lifestyle led to her bankruptcy causing her to abandon England for Paris. Therefore where she died in poverty.

After having been transformed into a disastrous flamboyant restaurant. In the Royal Commissioners for the Great Exhibition purchased the property. So demolished the house and built the Albert Hall, in commemoration of Prince Albert on the site.

The Hall has a good group of ghosts in places not leaving the theatre during night and day…

The first is Henry Willis ‘Father Willis’ who designed the 150-ton organ. That with an impressive 9,000 pipes was the largest ever when built. His ghost, dressed in Victorian clothing has been seen wandering around the Hall at night.

The other specters are more controversial and are based upon a local tradition. So that Gore House was temporarily used as a brothel prior to its demolition.  Each November, two “Ladies of the night,” dressed in Victorian costume. Which are said to roam along the upper gallery level and are seen walking into one of the toilets?

Their arms are linked and they remain oblivious to any comment made by those who encounter them. Indeed, as one employee at the Hall put it, “it is as though they are walking in their time, not ours.”

 

Gazumbing & Buying: New Government Rules for Buyers & Vendors

The Government has launched a new hearing to understand better the relationship between the buyers and vendors, to make quick, cheaper and stress-free the process of buying and selling properties.

Until the 17th of December, the Government is calling for evidence to dig into the matter, asking consumers and industry experts to fill up a questionnaire where to explain their views in regards to the various aspects of buying and selling.

The includes the problem of gazumping, the practice where the seller accepts a higher offer after having accepted a first one from another buyer. It’s a controversial habit that causes the loss of £270M each year due to failed transactions.

It results that 16% of the buyers are actually concerned that, although they place an offer, the vendor can keep market the property and accept higher offers from a different buyer (gazumping), leaving the first one with nothing. Not surprisingly, it emerges the lack of trust between buyer and vendor.

The survey also enlights how lethargic the buying process in England and Wales is.

In these parts of the U.K.

The Law Society’s Conveyancing Protocol lays out 70 steps and procedures. So to bring a sale to its conclusion. But it only takes a single issue to hold up the entire transaction in England. And Wales or cause it to fall through completely.

A Government survey carried out on 2,000 buyers and sellers people reveals the 62% of buyers and 69% of the sellers have experienced delays in closing a transaction, missing deadlines agreed with the other party and generating useless stress and worry.

It can take up to several months to complete a sale in the England and Wales, yet just 5 days in Scotland. Something must be changed.

The solution can come from technology.

Technology helped already the property search and now buyers can look for properties. So through a smartphone, browsing social media and can receive immediate updates. Therefore in relating new instructions, signing for newsletters.

Technology did not impact the conveyancing side yet and the Government aims. Instead to introduce innovative digital solutions, bringing also the Land Registry into the new digital world.

E-conveyancing will become available. With the capability to have data promptly accessible online. So such as property leases, restrictions, covenants, giving the possibility to speed- up the buying process.

The Government is also willing to introduce lock-in agreement,

proposing a financial penalty if either party backs out. The stronger commitment to complete the purchase could also limit the risk of gazumping.

If you want to be part of the Government’ survey, just click here.

Ever been a “victim” of gazumping of ever experienced a delay with the purchasing process? Let us know your experience writing a comment below.

Or let us know what you think the Government could do to seed the process up.

 

 

Everything you need to know about renting a commercial property.

 

When you are renting a commercial property, most of the time, you will have to consider to acquire the lease from an existing tenant. Transferring a lease can be a long process requires three parties to be involved (you, vendor and landlord) and it’s important to grips with what is required at an early stage, to learn the legal terminology, the documents you will be asked and how to prepare a landlord’s pack, to pitch your project and describe yourself.

As an existing tenant, the seller is selling you the right to occupy the premises for the Term (which is the remaining length of time agreed on the original lease) and the landlord will have to approve you as a new tenant as well.

The Landlord will ask for references

in order to scrutinize your capability to honor the terms of the lease. The agent collects the references and will assist you organizing them carefully.

The references include passport, details f the company, bank account references, business plan, and details of the director of the limited company that will act as guarantor. Once the Landlord’s receive approval, she will also provide the vendor with a Licence to Assign signed by the buyer, landlord, and seller.

As you can see, this involves different parties: buyer, seller and Landlord and their own solicitor. It’s therefore crucial that the communication is smooth among the parties to avoid any delays, resolve queries and satisfactorily resolve conferences.

THE COSTS TO REASSIGN A LEASE

When you buy an existing lease. Than you will more likely have to pay a Premium. So which will buy you the fixtures, fittings, and goodwill in transferring the lease.

The parties will also have to appoint a solicitor. We always advise our clients in asking for a fixed price for their lease fees, in order to have a certain degree in controlling to legal costs involved and avoid a massive bill.

There are also some further costs you have to consider, which includes:

  • Rent Deposit – It’s a further security for the Landlord and is equivalent to 3/6 months of rent.
  • Land Registry and other searches fees – the amount is usually between £500 and £3,000.
  • Fee for Notice of Assignment – this document confirmed to the Landlord the date the legal transfer took place and costs around £50.
  • Landlord’s Legal Fee – the costs for the Landlord’s solicitor due to be part of the negotiation are due to be paid by the buyer, which can split the costs with the seller as part of the negotiation. The money will be wired upfront as the Landlord will require an undertaking the funds are held on account and that their costs will be paid before they instruct their solicitor to undertake any work on the matter.

HOW DOES THE TRANSFER WILL HAPPEN?

As soon as we instruct the buyer and seller’s solicitor. Therefore they will work on the due diligence to ascertain the health of the business. And they will draft the Sale Purchase Agreement. Industry standard forms as CPSEs (Commercial Property Standard Enquiries) are for this purpose.

Other required documents are The Licence to Assign. The Deed of Assignment (for unregistered leases) or Transfer (for registered leases). The Rent Deposit Deed and Authorised Guarantee Agreement (they might be also incorporated into the Licence to Assign).

Once the buyer has received responses to all

of the enquiries in regards to the business and premises and any other resolving queries . So the drafts and legal documents are in place.Therefore the parties can exchange contracts and at the point. And they are legally obliged to conclude the deal.

Exchange and completion can happen the same day. But usually, completion takes place a few days after to complete some. So other formalities including the payment of Stamp Duty Tax and registration at the Land Registry.

 

Do you have other questions in regards to how to transfer a lease? Leave a comment below and our team will come back to you with the answers you need.

The Help To Buy Scheme: the Government solution to help you buy your house.

The Help to Buy Scheme opens the door to buy your house in England.

It has been crafted to assist hard workers in jumping on the property ladder and includes the Help to Buy: Shared Ownership and Help to Buy: Equity Loan. In this guide, we’ll investigate the various aspects of the Equity Loan.

Please note, this guide will cover the various aspects of the Help to Buy in England only. Some aspects might differ in Scotland and Wales and it’s not available in Northern Ireland.

The Help to Buy Scheme: Equity Loan will be available in England until 2021.

WHAT’S THE HELP TO BUY SCHEME: EQUITY LOAN?

The Help to Buy: Equity Loan is a Government scheme tailored to help first-time buyers and homeowner to buy a new-build house up to a maximum value of £600,000. 

Successful applicants are able to receive an Equity Loan from the Government up to 20% of the full price of the house, and up to 40% if the house is in London.

A minimum deposit of 5% is required and you will be able to secure a mortgage for the remaining 75% or 55% if you are buying in London. Furthermore, Equity Loans are interest-free for the first 5 years.

WHAT PROPERTY CAN I BUY THROUGH THE SCHEME?

The Scheme is applicable to new-build homes from specific builders participating in the scheme. The value of the property must be £600,000 or less.

AM I ELIGIBLE?

You are eligible if you are buying a house in England which value os £600,000 or less and you can afford to pay a deposit of at least 5% of the total value.

Homeowners and first-time buyers can participate in the Scheme, but the house must be your only residence and you must be eligible for a standard mortgage on the part of the property not founded by the depositor Equity Loan. The mortgage must be provided by Help to Buy Lenders.

WILL I BE THE OWNER OF THE PROPERTY?

The Government will own a stake in the property until you pay the loan in full or sell the house.

HOW MUCH CAN I BORROW FROM A LENDER?

The mortgage element of 4.5 times your household incomes will determinate how much you can borrow. The lender must also be informed about your monthly costs, such as mortgage repayments, service charges and fees that cannot account for more than 45% of the net disposable income.

The loan repayment must be a repayment mortgage of at least 25% of the purchase price.

The Scheme is nor allowing interest-only mortgages.

WHAT COSTS SHALL I TAKE IN ACCOUNT?

The Scheme will require you to pay management fees of £1 each month (paid through Direct Debit) and interest fees after 5 years. You should budget yourself according to mortgage repayments, services charges if you buy a flat, Council Tax, bills, building an insurance and life insurance.

WHEN DO I PAY THE LOAN BACK?

You can repay chunks of your loan at any point. Each payment must be at least 10% of the prevailing market value, so if the house value increases from £200,000 to £220,000 you will pay back at least £22,000.

If the value of the property changes, you will need to take this into consideration. You will have to pay back the same share of the property. So then if the loan of the Government is 20%. Than you will pay back 20% of the value of the property according to the prevailing value.

The good news is that if the market contracts and the value decreases, you will pay back a lower amount.

CAN I STILL SELL THE HOUSE?

If you use the scheme to buy in England. Therefore you will receive 80% of the prevailing property value covering the mortgage. And cash deposit and the remaining 20% will be paid back on the Equity Loan.

IS THERE ANY RESTRICTIONS?

The Scheme has been crafted for buyers willing to live in the property. You cannot let your property until you have repaid the loan in full.

HOW CAN I APPLY?

You can check the official website that will guide you through the different steps of the application. Please remember that the help to Buy is availabel only frmo house builders that offers the scheme.

 

 

 

 Are you thinking to sell your property? Check out our Ultimate Guide to selling it quickly and maximize the purchasing price.

1 – VALUATION

 

The first step in achieving a successful sale is to know exactly what the value of your property is. Get in touch with us today for a FREE and DETAILED valuation of your home. Our team will arrange an appointment at your suitable time to sit and understand your aspirations over timescales and what value you are trying to achieve.

Our local experts have extensive knowledge of the areas we are working on. When it comes down to evaluating your property, we put your interests as our priority.

Your property is your most valuable asset and our job is to preserve its value in the long term.

We use our knowledge and expertise to offer you an honest appraisal for sales and lettings, analyzing a wide array of aspects such as the market demand and supply, location and local amenities.

You are willing to have a savvy consultant sitting next to you to guide you through the property market with her expertise to prepare a strategy in regards to price and pitching your property to the right audience.

Marylebone Properties International offers a “no obligation and no pressure” valuation. Selling your home is one of the biggest financial decision you can make and we know you want to think about it carefully.

 

2 – PREPARING THE PROPERTY 

Once you have decided to offer your property to the market, we suggest to present it in the best possible way to attract more buyers. Some new furniture, tidying up the garden or a fresh lick of paint will make the magic in catching more attention.

Sometimes, you need more than some DIY or refreshing the walls. If you think that your home needs some refurbishment, get in touch today with our team that will offer a cost-effective and bespoke service to add more value to your property.

Even when the property is fresh and decorated you should aim to keep it on top of cleanliness, dusting and decluttering every day, tidying up the kids’ toys in case the of unexpected viewings. Dust and dirt can give the impression that further works are required and they can scare potential buyers.

Get rid of the things you don’t need anymore, such as that old piece of furniture left in the backyard to collect dust.

Decluttering your home can also speed up the selling process. Contact the Council to remove large items, sometimes it is for free, or think about offering some pieces to the local charity.

To improve the experience of the buyers that will visit your home, why don’t you light up some scented candles or open the windows for some fresh air? Some smalls tricks can let the buyer envision herself inside the house, making it hers.

You have also to decide what to include in the sale. Usually, fixtures and fittings are included, but in the case of moveable things, you can open room for negotiation.

Give your agent some useful documents and facts about your property which they can mention and show to any potential buyer:

  • Gas and electrical certificate checks.
  • Building regulations certificates.
  • Council tax, utility, buildings, and contents insurance bills – so potential buyers can estimate running costs.
  • Service charges and ground rent bills (for flats).

Some other documents that might be appealing to buyers and can speed up the conveyancing process are Environmental Searches (flood risk, radon level…) and a Home Condition Report (also if possible the buyer will still wish to have her own survey done).

 

3 – IT IS TIME TO MARKET THE PROPERTY

 

Ready for the first viewings?

When you have decided to sell your property, we will arrange a suitable time for you for the photo shooting.

Nowadays people’s attention is captured by the photos and their decision will be driven by the images first and then by the description of the property. It is a good tip to present the rooms at their best, decluttering and putting in the storage the things you don’t really need to be around.

We can also assist you in preparing some other documents that are vital for the marketing, such as EPC and floor plan.

Then we will prepare the description of your property, to attract the interest of any potential buyer.

Our description will never be like the ones you see with the other agencies. Storytelling helps us to truly understand the unique characteristics of your property and helps people in figuring themselves living there.

Once the marketing copies are ready, we will advertise your property on the major marketing portals: ZooplaPrime Location, major newspapers such as The Times, Telegraph, MailOnline and our phone will start ringing soon after the listings are live.

We will also call, email and text all of our buyers that are looking for a property like yours. All of our applicants are carefully scrutinized, in order to propose your property only to people that are keen on buying.

 

4 – VIEWING TIME

 

After a few days, your property is listed, we will book in for the first viewings. We will always call you before a viewing, even if the property is empty and you are not living there. And we will never go to the property without being not announced.  So we don’t want to surprise you getting out of the shower and we are sure you don’t want the same as well.

To arrange the viewings, you can also leave us the property’s keys to arrange viewings quicker. Of course, the keys will be kept secure and safe and we will never put the address of your house on the tag, just to add further precaution.

Please inform us if there is any pet in the property.

Just to let us know if we need to bring some bones to be friend with your dog.

We will also accompany our clients to viewings and for your and our own security, we will collect as many information as we can about them. After each viewing, we will follow the applicants to understand the outcome.

Sometimes we will receive a negative feedback and, even if frustrating, this information can be useful to understand what they did not like about the property and we can resolve objections to guarantee a better outcome next time.

Buying a property is definitely a big step and crucial financial decision. People interested in a property will usually schedule again for a second viewing. In these cases, it can also be useful for you to meet them to answer some of their questions about the quality of the life in the area. Your negotiator will advise you on what is best in these circumstances.

 

5 – RECEIVING THE OFFERS

 

If you are selling your property through an estate agent, then any interested parties must make an offer through them. If there is more than one interested party, your agent will keep you up to date with competing offers.

You don’t have to choose the highest bidder; you should consider your aims and how this relates to the buyer’s situation. If you want to move quickly, a chain free first-time buyer or someone who has already sold their property may be the best option.

 

6 – CONVEYANCING

 

Conveyancing can be a long and exhausting process and we strongly advise our clients to employ either a solicitor or licensed conveyancer to do it for you.

When you are choosing the conveyancer you are willing to work with, we advise to collect at least three conveyancer quotes. Ask your friends, your real estate agency or also your family if they can introduce you to a good solicitor.

When you are meeting them, ask all the questions that are running through your mind and inform them when you would like to exchange contracts and complete. Compare the quotes and also try to negotiate a no sale – no fee deal so that if the deal falls through, you will have to pay nothing.

Conveyancing is very time consuming and complex, so you will need to employ either a solicitor or a licensed conveyancer to do it for you.

Once you have hired a conveyancer, you will need to provide some basic information, such as your mortgage roll number or your ID. The conveyancer will also ask you to fill a questionnaire about the property, covering points such as the boundaries, if you have had any dispute with the neighbors.

It is a legal requirement and all of the conveyancers will ask for these documents. Prepare them beforehand.

 

7 – EXCHANGE THE CONTRACTS

 

Exchanging the contracts is the final step of the legal process after which the buyer cannot pull out anymore.

The buyer and seller sign the contract by both parties and provided to the respective conveyances.

In this step, completion, the date of completion is usually set. Normally it’s two weeks after the exchange date, in order to let the seller arranging for the removal of her belongings. Once the agreed price is paid, your conveyancer will inform the agency, in order to give the keys to the new owner.

Even at this point, try to be careful and check if the conveyancer’s completion statement is reflecting the original quotation.

 

8 – TIME TO MOVE OUT

 

You are now ready to start a new chapter of your life in a new house. Organising your moving out in advance will reduce stress and make it easier.

Let’s make this as smooth as possible.

If you need a removal firm to transport your belongings to your new house,  your friends or neighbors can offer some recommendations. They might have been in this situation before you and can advise about the best removal companies in the area.

Organise yourself. When you are moving your belongings from a place to another, you will need to schedule days in advance to avoid the stress of the very last minute and to squeeze everything on the last day, without being surrounded by piles of boxes.

This can also be the time to clean the house, decorating or doing some works. And of course to plan what to do with the last things you are not in need to bring with you.

We suggest avoiding Mondays and Fridays.

These are the busiest days of the week for moving and the traffic will be massive.

Remember to take records of the meter readings on your moving-out day. You will need these to close your current accounts. You can also set up to redirect to a few weeks before your move out of the property with the Royal Mail. In order to do not lose your letters and also to safeguard yourself against identity theft.

The Internet is now an important element of our life. Then, plan in advance to start your contract with a provider and also an installation date, in order to avoid to be on the new property without any connection.

 

9 – CELEBRATE

 

Now it is the time to celebrate.

We sold the old house and now you are settling in the new house. Congratulations!

Write the chapter in your life. Noas the perfect time.

11 Steps to Buy Your House – The Complete Guide by Marylebone Properties

Thinking about buying a new house? If you are about to climb the property ladder, follow this guide to successfully have the keys to your next house.

1 – BUDGET

Before starting your Property Search, budget yourself. In this step, you have to consider not only the price to purchase the property but also Stamp Duties, solicitor and surveyor fees, ground rent and service charges if you are thinking about buying a flat.

If you need a mortgage, it’s also crucial finding the right product for you. Please, contact us at 020 77 23 23 24 or email to info@mpiestate.com, if you wish one of our mortgage consultants to get in touch with you.

It’s always better to start your property market journey with a mortgage agreed in principle, in order for you to know exactly how much money you can borrow.

2 – LET’S START THE JOURNEY.

Now the finance is in place, let’s start with looking for your next house. Give a look at our portfolio of properties or contact us. Our property consultants will assist you in screening our opportunities and shortlisting the properties matching your criteria.

Once we understand your requirements, we will propose you the property matching your criteria. If the property you are looking for is not with us yet, we will try to find exactly what you’re looking for and we can call you, email and text you everything some new properties are available.

Of course, we will do it only with your permission.

3 – VIEWING TIME

When it comes down to arrange a viewing you will see how flexible we are. The life in London is always busy and for this reason, we always try to work around your clock and to arrange viewings at your convenient time. Our office is open from Monday to Saturday and we arrange appointments (with the vendor’s consent) also after office hours.

The first impression is crucial but we also recommend a second viewing, preferably at a different time of the day, to have a better understanding of the characteristics of the property.

During the viewing, check also if the area if the one you are looking to live into. Transport links, local amenities, quality life, schools, the age of the property and also the type of neighbors are living there are important information and your property consultant will describe the area and answer your questions, in order to prepare all the details that might guide your decision.

4 – OFFER

You have found the property you wish to purchase and are ready to put down an offer. Our team will assist you in negotiating the terms and presenting it to the vendor. At this stage we might ask for some documents, such as proof of funds or a letter from the bank confirming your mortgage has been agreed.

Once the offer is accepted, it is time to start instructing the solicitor. Please note that both vendor and buyer are not legally obliged until the contracts are exchanged.

5 – THE OFFER’S BEEN ACCEPTED

Once the offer has been accepted, it will be the right time to instruct the solicitors. When you choose your solicitor, ask for referrals from your friends and ask for different quotes from solicitors.

We will prepare a memorandum of sale to be sent to all the parties to confirm the conditions of the offer. We will also ask the parties to confirm the documents and the solicitors will start exchanging crucial information, such as the details of the vendor and the buyer, details for the mortgage and of the property and the will do some local searches.

6 – SURVEY AND MORTGAGE OFFER

The mortgage lender will arrange for a surveyor to carry out a survey to understand the value of the property and check if there are any structural damages.

Once the mortgage valuation report is received. Than the lender will send a formal mortgage offer to your solicitor and you to sign it.

7 – EXCHANGE THE CONTRACTS

Exchanging the contracts is the final step of the legal process after which the buyer and vendor cannot pull out anymore.

The buyer and seller contracts must be signed by both parties and provided to the respective solicitors.

In this step, completion, the date of completion is usually set. Normally it’s two weeks after the exchange date, in order to let the seller arranging for the removal of her belongings. Once the agreed price is paid, the vendor will inform the agency, in order to give the keys to the new owner.

8 – TIME TO MOVE OUT

You are now ready to start a new chapter of your life in a new house. Organising your moving out in advance will reduce stress and make it easier.

Let’s make this as smooth as possible.
If you need a removal firm to transport your belongings to your new house. So  your friends or neighbors can offer some recommendations. They might have been in this situation before you. And can advise about the best removal companies in the area.
Organise yourself. When you will move your belongings from a place to another. Therefore you will need to schedule days in advance to avoid the stress of the very last minute and to squeeze everything on the last day.
This can also be the time to clean the house, decorating or doing some works. And of course to plan what to do with the last things you are not in need to bring with you.

We suggest avoiding Mondays and Fridays.

These are the busiest days of the week for moving. And the traffic will be massive. Remember to take records of the meter readings on your moving-out day.  You will need these to close your current accounts.
You can also set up to be redirected a few weeks before your move out of the property with the Royal Mail. In order to do not lose your letters and also to safeguard yourself against identity theft.
 The Internet is now an important element of our life. Then, plan in advance to start your contract with a provider. And also an installation date, in order to avoid to be on the new property without any connection.

9 – CELEBRATE

Now it is the time to celebrate.

The old house has been sold and you settled in the new one. Congratulations!

Write the new chapter in your life. Now is a perfect time.

11 Steps to Buy Your House – The Complete Guide by Marylebone Properties

Hey Students, are you thinking about renting a flat in London, whilst attending University? Check this ultimate guide to find your perfect house.

 

IT ALL STARTS WITH BUDGET

Renting in London can be expansive and it’s better for you to budget yourself very carefully. You have to consider the price of the rent and also the utilities: Council Tax, gas, electricity, water, gas, TV Licence (or Netflix) and the Internet. If you and all of your flatmates are students you won’t be in need to pay Council Tax and if you live with at least one person which is not a student you might be able to receive 25% discount on the bill.

CAREFUL IN CHOOSING YOU FLATMATES

You will have to spend a long time with your flatmates and it’s important to choose them carefully in order to leave peacefully and still be a focus on your studies. Different lifestyles are the main reason for conflicts within a house. It’s better to decide to live with people that are sharing common habits. If you are an early riser than maybe it’s better not to live with party animals.  So if you are methodic in cleaning, then it’s better not to live with messy people.

Then if you are moving in with people you knew before or your university colleagues, then it’s better to establish some rules from the beginning, in order to avoid clashes for incomprehension.

Once you have chosen the people you are willing to live with, it’s a good idea to put down a list of the things you are willing to have in the flats, deal-breaker such us the size of the room, parking spaces, breakdown of responsibilities, designating a guarantor for all of you, etc.

WHERE TO MOVE?

You might be willing to look for your new flat at the end of the first term of at the beginning of the second term, depending on your needs.

The main elements you have to consider when choosing the flat are proximity to your university and transport links, the presence of supermarkets, shops and especially the safety of the area.

Feel free to give a look to our selection of properties to find your dream house.

THE CONTRACT

Once you have found your flat and the landlord has accepted your offer, the agency will ask you for some documents, such as passport, proof of address and reference from your university in order to certify your identity. A reference check will also be complete in order to proceed with the preparation of the contract.

You might also be asked to have a guarantor, a person that will be liable to pay the rent if you fail to pay it on time. The guarantor is usually a member of the family or any adult that is at least 25 years old and owns a property.

The contract is a legally binding document and you have to read it carefully. If you have any doubts, the Student Unions can assist you in going through it.

The most common type of contract is the Assured Shorthold Tenancy (AST) that will make all of the tenants jointly and severally liable. This means that all of you will be responsible for the total rent, not only a portion of it.

FEES

The agency will ask you to pay some fees in order to proceed with creating the contract.

Holding Fee: also called also Reservation Fee, the fee includes one week of rent and is due to secure the property and put it out of the market. This is not refundable unless the landlord decides not to proceed with the tenancy from reasons not related to you.

Admin Fee: the admin fee is due to be paid to the agency and covers the costs to prepare the tenancy agreement and run the reference check.

DEPOSIT

The deposit is usually equal to 4 or 6 weeks of rent and it’s refundable unless at the end tenancy some costs have to be deducted for damages occurred to the property or for rent arrears. The deposit will be also out into a Deposit Protection Scheme, according to the law, within 30 days since you’ve paid it.

CHECK IN – CHECK OUT REPORT

When the Tenancy starts and when it finishes, it’s important that you carefully read the Check in and check out the report, who will assure the conditions of the property when you move in and when you move out.

Check the property yourself and inform the agency if you see any damages not reported, otherwise you might be responsible for them at the end of the tenancy.

BILLS

You have to move the meter readings into your name. Inform the utility companies in regards to the change of residents and provide the meter readings and moving in date.

Always check if you can find any good discounts (all of the companies are providing them periodically) and provide the name of all of the tenant in order to share responsibility.

SAFETY

Your safety is important and according to the law, you must be provided with gas and electricity certificate. The property must also be provided with fire alarms and carbon monoxide detectors.

MOVING OUT

Before moving out you have to be given two months notice to the agency which will eventually require your intention when the term is approaching. We will guide you through the necessary steps for your check out.

Before moving out, remember to clean properly the property (hiring a professional cleaner is usually recommended). And remember to call the utility companies to close your accounts.

Do you have any questions in regards to how to rent a property in London as a student? Get in touch with us or write a comment below. A member of our team will soon get in touch with you!

 

The clock is ticking and General Election will happen very soon. Marylebone Properties International has pooled the main parties manifestos to understand their orientations in regards to housing.

CONSERVATIVES

The Conservatives want to increase the supply of houses in the UK, remarking that not enough houses have been built in the last decades, making rental expensive and buying unaffordable for many British citizens. According to their manifesto, this is what they are planning:

 

  • Deliver one million homes by the end of 2020, further 500,000 by the end of 2022, achieving the commitment made in 2015.
  • Free more lands for new homes.
  • Allow Councils intervene when developers fail to act on planning permissions.
  • Collaborate on pre-development projects to build more social housing.
  • Arrange a new fixed-term social house, to see the property automatically to tenants, after 10 or 15 years under the Right To Buy scheme.

 

The Conservatives are also aiming to focus their effort on high-quality and high-density housing, such a mews, block mansions and terraced houses in order to increase the supply of houses.

The party is also favoring the aging population and the considerable property assets the elders have built up, proposing the value of family homes will be taken into account, whatever is a nursing care home or domiciliary provided by the Council. Older people will also retain at least £100,000 of their savings and assets and deferred payments for residential care. This means that nobody will have to sell their house to pay for care.

LIBERAL DEMOCRATS

As proposed also in the Autumn Statement, Liberal Democrats are willing to ban tenant fees charged by letting agents and cup upfront deposit which can be more than 6 weeks.

They are also proposing the Rent to Own scheme, allowing private renters to gain increasing stake in the property through the rent payments and own it outright after 30 years.

In their manifesto, Liberal Democrats are also addressing the problem of shortage of housing, pleading to build 300,000 new houses, 1o new garden cities in England.

They are also proposing to:

 

  • Offer zero-carbon Homes.
  • Charge up to 200% council tax on second homes and the so-called buy-to-leave-empty investment bought by overseas investors.
  • Supporting local authority in investing in social and council housing, increasing the borrowing capacity and increasing the borrowing cap.
  • Penalise excessive land-banking, when builder failed to construct approved projects after 3 years.
  • Allow local authority to enforce housebuilding in public sector lands that are not in use for other purposes.

 

LABOUR

Labour is also concerned about the housing crisis. S0 willing to create a new Department of Housing in order to target and solve the issue.  The party is proposing to extend the Help to Buy Scheme until 2027. Therefore to give local resident first dibs on new homes built in their area. Than to reserve low-c homes for first-time buyers.

Labour are also conceding get rental markets. And proposing to make three-year tenancies the norm. And then place an inflation-linked cap on rent rises.  They are also following the guidelines of the conservative state of last Autun, proposing to ban tenants fees.

Their manifesto also claims they will build 100,000 council and housing association homes every year and scrap the controversial bedroom tax that applies to social housing.

Labour is considering the environment, proposing zero-carbon homes and a consultation on new rules for minimum space requirements.

The General Election will take place on the 8th of June.

What do you think about these proposals? Is it something realistic or just political rhetoric?

It’s General Election Time! – Post created by Marylebone Properties Internacional

CONVENIENCE STORES :

The convenience store has changed drastically in the last years as it’s n more the resilient sector people thought it was.

New researchers show the once called “Corner Shop” is actually one of the businesses impacting the local area the most, second only to Post Offices, which you often find also within them.

The Association of Convenience Stores (ACS) reported in their latest Local Shop Report that the total value of sales in the convenience sector exceeded £37bn for the 12 months to April 2016.

In the UK

there are over than 50,000 convenience shops, 70 %. Which independently owned and the remaining part is owned by corporate multiple operators.

The demand of convenience store is highly increasing. The demand is usually driven by potential sales and profits but other criteria are location, tenure, rent, accommodations above and lack of competition.

If you thinking about buying

a convenience store, you should also consider other criteria and not only the amount of the weekly sales. Consider also the profit and potential of the store.

In order to ascertain a purchase price, corporate retailers would assess the current sales. So they require rebranding the business in their future projections and what investment is.

Comparatively, the independent retailer would usually consider the current status of the business more than the future potential. In recent years, the convenience store leg of many supermarket chains has seen the biggest growth. Therefore in their overall business and therefore an appetite for more stores remains high throughout the UK.

Whether corporate or independent, the market remains strong for convenience stores of all different types. It just so happens to be stronger for ‘high sales’ resulting in a ‘higher sale price’.

If you are thinking about selling, just get in touch with us today for a free valuation.