Property News - July 2017
Welcome to our Property Investment Newsletter, the aim of which is to keep you up to date and informed as to the most recent property trends and news.
Please feel free to contact us with regards to all your Residential, Commercial and Industrial sales, lettings and property management requirements. We look forward to being of service to you!
Chinese Cities Continue to lead Luxury Price Index. Last quarter the index’s performance showed signs of a slowdown, this quarter the index has surged, driven primarily by China’s key cities.
Since the recent political shenanigans of our esteemed president, we at FX-Pro have seen a noticeable uptick in individuals sending money abroad for investment, buying of property and emigration purposes. Much of this business is still flowing through the established banking powerhouses who are benefiting massively from the exorbitant margins and premiums they are known to take on these transactions.
Demand for residential development in London is no longer driven primarily by location, according to Knight Frank’s latest London Development Design Study. Thoughtful design, efficient layouts and the right mix of amenities, service and specification are now the key drivers for maximising buyer demand and value for developers.
Residential Market stability risk continued its recent decline (improvement), mostly due to positive Household Sector and Housing Market-specific factors but with little help from the broader economy.However, high risks to the broader macro-economy continue to work in part against these positive developments.
The requirements now necessary with regards to sectional title maintenance of major capital items as per the Sectional Title Schemes Management Act (STSMA) are there to create a more formalised and long term view with regards to maintenance, which in turn will create a need for better budgeting and financial management.