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February 5, 2016

This is the year of the owner occupier – a development perspective

Filed under: Latest News — Tags: , , , , — JSS London @ 1:34 pm

New homes are right at the top of the government’s political agenda and given the continued insatiable appetite for property, 2016 is set to be a very active one from a residential development perspective. We’re not even out of January and there are already several important trends emerging.

Developers spread their wings

Whilst the land market remains buoyant, we have seen a trend of developers looking to move outwards from more established, high capital value and high value per square foot areas into neighbouring postcodes where there is greater affordability and naturally higher levels of demand.

19 Buckingham Street has recently been converted back to residential use and apartments are on the market with Jackson-Stops & Staff starting at £2,750,000

19 Buckingham Street has recently been converted back to residential use and apartments are on the market with Jackson-Stops & Staff starting at £2,750,000

Developers who previously focused on prime central London locations are now spreading their wings and setting their sights on residential developments in areas including Fulham, Peckham and Vauxhall. Developments recently launched, or soon to be launched, in these areas have attracted a good deal of interest from local people.

However, the majority of developers we are working with are maintaining the same or very similar levels of specification as they migrate on the proviso that they want to maintain their brand positioning and the belief that buyers will be happy to pay a premium over the local norm for a higher quality specification and finish.

 

New London locations

This year will also see the growth of new residential locations in London as the desperate need for new property supply means developers are looking at previously untapped locations in order to satisfy demand. The ‘North Bank’ – the oft overlooked sister of the South Bank across the river – is now experiencing an increase in residential development. And it’s a gem. With exceptional transportation links and property costing up to 40% less per square foot than at Covent Garden, just a stone’s throw away, the North Bank will soon be a mainstay of the common vernacular.

Year of the owner / occupier

Any reduction in demand from investors in 2016, due to tighter regulations around buy-to-let, is likely to benefit owner occupiers where sentiment remains strong. With interest rates likely to stay at historically low levels for the short to medium term, high levels of employment, widespread confidence in price stability and strong demand from owner occupiers, 2016 has all the hallmarks of ‘the year of the owner occupier’ and that is no bad accolade. It does however mean that agents and developers will have to alter their sales and marketing strategies to capitalise on the prevailing market conditions.

19 Buckingham Street has recently been converted back to residential use and apartments are on the market with Jackson-Stops & Staff starting at £2,750,000.

Ben Babington, Director of Residential Development

 

January 13, 2016

Tim Firth, Director at the Jackson-Stops & Staff Weybridge branch, comments:

Filed under: Latest News — Tags: , , , , , — JSS London @ 9:06 am

Tim Firth BW

Tim Firth, Director Weybridge

“I envisage property prices in Weybridge will continue to rise at sustainable levels throughout the year, with property in the Surrey area set to experience growth of 6 10%. The national economic picture supports this, along with the desirability of the location which plays host to a great choice of quality schools, easy access to the green spaces of Surrey and a train station which provides quick and frequent transport into London.

 

The prohibitive stamp duty will dampen demand for houses over £2million and will also deter current owners of such homes from moving. Eventually houses in the price brackets below this will have nowhere to step up to, thus stalling the market top down. However, the overall picture remains positive as long as the low levels of property stock do not diminish further.

 

“The mix of property in the Weybridge area lends itself to both the upwardly mobile and those looking to downsize, with a combination of newly built mansions on the many private estates and Victorian and Edwardian villas on residential roads, to large apartments offering secure and convenient living. The safety net of property prices in this area is of course another big bonus, with the last recession showing that whilst activity may have slowed, prices held their own and have been steadily moving upward for the last few years.”

January 11, 2016

‘A Word From’ Camilla Molyneux, Lettings Manager, Mayfair

Filed under: Latest News — Tags: , , , , — JSS London @ 11:39 am

Camilla Molyneux ColourInstructing a regulated agent is more important than ever now, with the raft of new legislative changes that have been introduced to the Lettings’ industry over the last 6 months. The most recent change has been the implementation of the Immigration Act 2014 whereby the law has introduced a requirement from 1st February 2016 that all landlords have to carry out Right to Rent checks for new tenancy agreements starting after this date. Essentially it is the responsibility of the landlord and/or agent to ensure that any tenant who is not a British Citizen, or a European Economic Area [EEA] citizen or a Swiss national has the necessary documents in place and therefore the Right to Rent in the UK. These checks are not just required at the outset but follow up is needed prior to the expiry of these documents. In the absence of receiving a renewed visa the Landlord/agent is obliged to report their tenant to the Home Office to avoid heavy fines. Ensuring our clients are complying correctly with this law is particularly important in the Mayfair lettings market as the majority of tenants are not UK nationals and stringent checks are therefore required.

 

Prior to this change we also saw the introduction of The Deregulation Act 2015 which became effective from October 2015. This legislation has introduced the largest amount of changes to the industry and restricts a landlord’s right to serve a s21 notice on a tenant to gain possession if certain pre-conditions have not been complied with. These pre-conditions include providing tenants with prescribed wording and information relating to their deposit protection, a valid energy performance certificate, a valid gas certificate and a government published ‘How to rent guide’. In addition to this we have seen the introduction of a law relating to the installation of smoke alarms and carbon monoxide detectors in October 2015 which has added to the already long list of pre-tenancy compliance. Keeping up to date with these changes and all the compliance issues surrounding setting up and managing a tenancy is of strong importance to us to ensure our clients are fully protected and informed to avoid troublesome tenancies. 

Please do get in touch if you would like further information on any of the above, we would be delighted to be of assistance.  Camilla Molyneux

January 4, 2016

Happy New Home

Filed under: Latest News — JSS London @ 11:19 am

A Very Happy & Prosperous New Year from Jackson-Stops & Staff

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December 4, 2015

Stirring Stuff at Stowe

Filed under: Latest News — Tags: , , , — JSS London @ 12:08 pm

IMG_3585Nicholas Austin, who looks after our Mayfair Sales office, was delighted to be invited back to his old school last Saturday to talk to students of Stowe School who are considering forging their own careers within the property industry. Jackson-Stops & Staff is proud of its historical association with this world renowned school. At the age of 37 and with a relatively small staff, our company founder, Herbert Jackson-Stops, was entrusted with the 18 day sale of Stowe House and its contents. This has subsequently been regarded by Country Life as one of the two great sales of the 20th Century, the other being the sale of Mentmore, which took place some 60 years later. Nicholas thoroughly enjoyed his time back at school, which served to link our past, present and future association to the institution; pupils showed a keen interest in the world of agency and we hope that in time there might be some more Stowe alumni working alongside Nicholas at Jackson-Stops & Staff.

Nick at Stowe 2

 

 

November 27, 2015

Autumn Statement 2015 Comment

Residential property implications

Stamp Duty Land Tax
The Chancellor announced in the Autumn Statement an additional levy on residential purchases. An acquisition of a property that will not be a main residence, whether it be a second home or for buy-to-let purposes, will incur a further 3% placed on the Stamp Duty Land Tax.

The Stamp Duty rates were changed in December 2014 introducing a graduated tax encompassing various bands for which a progressive percentage duty applies. Each band will now rise by three percentage points when buying to let or holding another home.

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Commercial investors and funds holding over 15 properties are likely to be exempt.

Capital Gains Tax
Capital Gains Tax, if applicable, will now have to be paid within 30 days from completing on a property, however this will not be enforced until April 2019.

Help to Buy
The Chancellor will be extending the Help to Buy scheme to 2021 and providing funding support for first time buyers through an ISA and interest-free loans of up to 40%.

New Homes
400,000 new homes are targeted to be built in the next five years and the government will make financial provisions for developers and housing associations to spur the additional house building.

Disclaimer
Any figures, commentary and opinion published in this report is for general information only and in no way intended as financial advice and should not be relied upon in any way. Jackson-Stops & Staff assumes no responsibility for any loss from the use of any material in this report.

 

 

November 26, 2015

A comment on the Autumn Statement from our Chairman:

Filed under: Latest News — Tags: , , , — JSS London @ 2:57 pm

Nicholas Leeming - BWNicholas Leeming, Chairman of Jackson-Stops & Staff:  “George Osborne’s pledge to tackle a ‘crisis’ in homeownership today, by doubling the housing budget, is excellent news for the UK market.  There has been a devastating lack of supply across the UK for many years while home ownership has been falling as many families have not been able to afford their own home.  400,000 new homes will be built and it is refreshing to see government’s commitment to providing housing for all UK residents, including first-time buyers with new starter homes and the launch of the London Help to Buy scheme.

“However, I think George Osborne has missed a trick in not reducing the rate of Stamp Duty for the highest value homes.  The £1.4m+ market has been hit extremely hard as buyers have changed their habits over the past year – those looking to move up the ladder were not prepared to pay a six-or-seven-figure tax bill, while overseas investors have also been deliberating over whether to buy.  The Chancellor could have provided major boost to this sector’s liquidity today by reducing the excessive stamp duty charges on higher valued properties and so encourage more activity in the top end of the market.”

November 18, 2015

Making the “Rightmove” in December

Filed under: Latest News — Tags: , , , — JSS London @ 12:31 pm

RED HOUSEAs the end of 2015 approaches, our Jackson-Stops & Staff offices across London and Surrey are reflecting upon another successful year. But the year is not over yet…in fact, December could be the very best time of year to market your property and here’s why:

Internet activity increases dramatically over the festive period – on Christmas Day in 2014 there were almost 14,000,000* page views on property portal Rightmove, with over 10,000 people taking time out from the festivities to email agents.

Boxing Day was even busier, with page views jumping to over 25,000,000*, up 21% on 2012 levels. Total views peaked on New Year’s Day, with over 38,000,000* page views.

Those who unwrapped new smartphones or tablets at Christmas were eager to begin house hunting, too – there were over 26,000* downloads of the Rightmove app across the various platforms between Christmas Eve and Boxing Day alone.

So, if you are thinking of making your move in the New Year, then this side of the festive season could be an excellent time to begin marketing your property. And if the thought of preparing to Sell or Let your home appears daunting at this busy time of year, we can discuss ways of running a tailored campaign to launch your property with viewings beginning in 2016.

Please do not hesitate to contact your local office to discuss how we can be of service.

Jackson-Stops & Staff
December 2015

*Source: Rightmove research

November 11, 2015

Lest We Forget

Filed under: Latest News — JSS London @ 8:56 am

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November 9, 2015

Shaken and Stirred

Filed under: Latest News — Tags: , , , , , — JSS London @ 12:36 pm

photoGeorgina Clarke, Lettings Director at our Pimlico office says: “The Jackson-Stops & Staff Pimlico and Westminster Office area is the backdrop to many scenes in the latest Bond film Spectre, featuring sights of Vauxhall Bridge, Millbank, St. George Wharf and MI6 to name a few. With Bond being the man of the moment, I was reminded today whilst walking through Victoria Station that we are also ideally placed for easy access to Gatwick ‘in two shakes of a martini”.

November 6, 2015

Cleves School Lights up the Sky

Filed under: Latest News — Tags: , , , , — JSS London @ 10:18 am

Cleve School FireworksWhat a fantastic night we had as proud sponsors of Cleves Fireworks 2015 last night! Thousands of people from the local community ventured out in the pouring rain to enjoy live music, a delicious hog roast and a wonderful display that lit up Weybridge in spectacular style! We were delighted to be manning the tuck stall throughout the evening, which gave us the opportunity to meet many people, young and old, from the local area.

The Cleves School PTA works tirelessly every year to make this community event such a success and we wish them all the best for the next one, which we’re looking forward to already!

 

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October 26, 2015

“My Month” from Georgina Clarke in our Pimlico office

Filed under: Latest News — Tags: , , , — JSS London @ 4:10 pm

How has the market been performing?Georgina Clarke BW

The late summer market has been busier than usual this year with Team Pimlico letting more properties than ever in these traditional busy months. This is down to the seasonal influx of students and
graduates as well as the usual stirrings in corporate recruitment and relocation that is typical at this time of year. We have also seen the ongoing effect of new MPs and new government posts following the election. Most of this activity has been at the lower and mid end of the market with the ‘big house’ and ‘prime’ end of the market still yet to return to the happy levels of previous years. We are now seeing a pattern in the family market where the aim is to secure rental properties prior to the summer holidays so that everything is settled for the big return to school in the autumn.

What has been the highest offer or the quickest sale to take place?

Jackson-Stops are proud that they have a very good relationship between the sales, lettings and new homes departments with many investment purchasers and landlord’s nurtured through all three departments. In recent months we have been proud to market The Hansom, a development of contemporary apartments opposite Victoria station. Marketed by our new homes team initially, sold to an investment buyer by the Pimlico sales team and a let agreed to professional tenants for the new landlord before the purchase had even been completed. And similarly we have just let a lovely period property on Cambridge Street, sourced for an investment landlord who has spent a couple of months refurbishing the property.  The property was introduced to her before marketing commenced and we followed this ideal match-up by finding another ideal tenant before launching for rentals. Efficient and productive teamwork. Another happy client!

What has been the most challenging aspect of your month?

The endless amount of administration faced by landlords, and by default the agent, has provided us with some challenges over the busy summer months. With so much new legislation including Legionella risk assessments, the new statutory requirement for smoke alarms and carbon monoxide detectors in rental properties, not to mention the tightening of Anti-Money Laundering Regulations, there have been a lot of boxes to tick. Given the minefield of rules and regulations that landlords have to face these days, it is certainly wise to instruct a good agent that will co-ordinate all of this for you and keep you up to date with new legislation and your obligations.


Describe an exceptional property that has come on to the market…

We are delighted to be involved in the launch of a brand new mews house development in Earls Court which is being marketed from our four central London branches. Exclusively to rent, this contemporary development known as Peel Place will provide nine, 3 and 4 bedroom houses, each with their own outside space as well as parking or a garage all designed with contemporary living in mind. The regeneration of the area as a whole is very exciting as we see the old exhibition centre completely redeveloped by Capco, with an entire new neighbourhood being created.  Coming soon …. Watch this space.

JSS-Pimlico Location Shots-025Describe what has been your favourite local lunch spot – where you ate and what you had?
We have seen the opening of two lovely new establishments in Pimlico recently, adding to the unique collection one-off restaurants and cafés that Pimlico is lucky to have. The first on Churton Street is Cacio & Pepe – a charming and fashionable Italian restaurant and wine bar. And secondly the Cambridge Street Café which is dangerously close to our office and I am sure will become a regular breakfast and coffee haunt, which I am sure is very welcome by the local residents.

October 13, 2015

A Man’s Best Friend…is his Canine Friendly Estate Agent

Filed under: Latest News — Tags: , , , — JSS London @ 2:24 pm

dogs-888856_1920Recent newspaper reports have highlighted the rising number of tenants searching for pooch-friendly properties to rent in Prime Central London. At Jackson-Stops & Staff, we too have noticed this growing trend, but thought we would reassure those with furry friends that plenty of Landlords remain open to the idea of tenants with pets renting their properties. Indeed, the rise of the ‘handbag dog’ is not a major issue for a number of our Landlords, it is most frequently the larger breeds which can be a cause for concern. Do get in touch with your local Jackson-Stops & Staff office to find out more, we will be happy to discuss this in furry – that is, finer – detail.

October 9, 2015

Small But Perfectly Formed

Filed under: Latest News — JSS London @ 2:16 pm

To much acclaim from the adoring British baking public, Nadiya has won this year’s Great British Bake Off competition, beating off stiff competition from other participants including Tamal and Ian.

 

Following her win, Nadiya explained that when it comes to baking, size isn’t everything, saying that ‘I entered the competition as the smallest baker and finished a giant. So with the right ‘can do’ attitude, great baking creations can be made in the smallest kitchens.’

 

Teddington Park Road

Teddington Park Road

At Jackson-Stops & Staff, we market beautiful properties of all sizes and styles to buy and rent, many of which feature great kitchens. Our Teddington Lettings’ team currently has a range of properties that fit this criteria, including this property on Teddington Park Road, with its excellent worktop space and professional sink.

 

Strawberry Hill Road

Strawberry Hill Road

If it’s excellent lighting you’re looking for, why not arrange a viewing of this property on Strawberry Hill Road, with its dual aspect kitchen.

 

Or perhaps cutting edge is more your style, in which case you could arrange to see this property at Langham Road.

Langham Road

Langham Road

 

Do pop in and see us on the High Street, a chat with our experienced, dedicated team is a sure recipe for success.

October 2, 2015

‘A Word From’ our Holland Park Lettings Manager, Catherine Hanley

Filed under: Latest News — Tags: , , , , — JSS London @ 11:03 am

Catherine Hanley BWHere at our Holland Park Lettings office we’ve seen a marked rise in levels of activity as we head into the autumn months. Relocation activity has been a predominant factor for this, but other reasons for applicants looking to rent include personal house renovations, such as basement conversions, along with other extensive remodelling projects which require time away from home.

Holland Park and Notting Hill attracts a diverse range of tenants, from bankers (due to convenient transport links to the city) through to fashion designers (the area is awash with independent fashion stores and designer boutiques); antique dealers love living close by to Portobello Road with its market and wide array of unusual antique stores, whilst families move to the area for the gardens, beautiful green spaces and fabulous state and private schooling options. We’re lucky enough to enjoy a great diversity of cultures due to the different schools (Spanish, Italian, and French to name but a few), as well as shops and restaurants serving up menus from across the globe. The number of applicants with pets has also risen and we find that dog walkers in particular are keen to move to the area in order to make the most of the green spaces of Holland Park.

We currently have a range of new stock available, despite most current tenants deciding to renew their tenancies and not feeling ready to commit to buying just yet. Do get in touch to find out how we can help, we would be delighted to hear from you.

 

September 21, 2015

Marvellous Molyneux of Mayfair

Filed under: Latest News — Tags: , , , — JSS London @ 2:58 pm

Camilla Molyneux ColourAt Jackson-Stops & Staff, our main aim is to provide service of the highest levels to our clients at all times. Therefore, we were thrilled to receive this lovely email about our Mayfair Lettings Manager, Camilla Molyneux:

 

‘Jackson-Stops let two flats in the building for us and Camilla has been my main contact for that.  Not only is she thoroughly professional, efficient, calm and reliable, she has never hesitated to step beyond her official role and help out with other matters that have needed handling at the properties.  I am a chartered surveyor with over 20 years’ experience across all sectors of the property industry, both in the UK and overseas, and I have not met many people who have been so reliable and such a relief and pleasure to deal with.  I hope she is not taken for granted and is recognised for what she does.’

 

To discuss letting your property with Camilla, please call 020 7664 6644, email camillamolyneux@jackson-stops.com or pop into our Mayfair office on Curzon Street.

 

September 18, 2015

#RWC2015 kicks off tonight!

Filed under: Latest News — Tags: , , , , — JSS London @ 1:57 pm

High Street office

If, by any chance you had not heard, the Rugby World Cup kicks off tonight and Teddington is celebrating by decking out its High Street with flags of the competing nations.

 

If you’re looking for somewhere local to watch the opening ceremony and the very first match later on, The Teddington Arms is showing tonight’s game and all subsequent matches…and if you rent the flat above the pub you will have no excuse to miss any of the action.

A well presented centrally located spacious and bright two bedroom first floor flat retaining many period features. The property is offered furnished and comprises of a recently fitted kitchen, large lounge with period fireplace, two double bedrooms and bathroom.   Please call Mark Birch and the Lettings Team in Teddington for more information on 0208 943 9955

A Royal Location

Filed under: Latest News — Tags: , , , — JSS London @ 11:07 am

td62470If you’re one of the few who is not into the rugby and are looking for a creative alternative to this weekend’s main event, why not head to the Kirstie Allsopp Hand Made Fair on The Green opposite Royal Hampton Court Palace?

An inspiring craft fair featuring designers, artisans, workshops, giving you the opportunity to purchase or make that one off bespoke item.

Kirstie Allsopp is perhaps best known for the much loved television show that she co-presents with Phil Spencer, Location, Location, Location, currently in its 21st series.

If it’s Location, Location, Location you’re after then you won’t go far wrong by viewing our centrally located apartment on Queens Road (Royal in name only); recently refurbished, it boasts a bespoke fitted wardrobe in the bedroom and original features such as cast iron radiators in the bathroom; a true one-off and a perfect base for life in Teddington.

 

September 17, 2015

Residential Development in China

Filed under: Latest News — Tags: , , , — JSS London @ 4:33 pm

SightseeingAfter weeks of careful logistical planning our intrepid Residential Development team set off to Guangzhou (China’s second largest city) on Tuesday night and has now arrived safely, ahead of the LPS Show, where they are exhibiting a selection of our property schemes this week.  Andrew, Ben and Sophie were delighted to meet up with James from Lend Lease,  who will be joining them on our stand throughout the exhibition.

ViewAhead of all the hard work, the team has been taking a bit of time out to explore this amazing city and to sample some of the local delicacies… the hard work starts tomorrow.

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September 16, 2015

“Touch” Down for the Jackson-Stoppers

Filed under: Latest News — Tags: , , , , , , — JSS London @ 8:02 am

Ahead of the Rugby World Cup touching down on Friday, we were delighted to attend this weekend’s ‘Festival of Rugby’ event held by Teddington Rugby Club, in our capacity as proud sponsors of the Minis section. The day was an excellent opportunity to watch the Minis in action, meet hundreds of families from the local community and to run some fun events for the children, including face painting, colouring, ‘guess the price of the house,’ candy floss and a lucky dip, which raised over £200 for the Minis and their club. In addition, staff from various offices across our London network joined forces to play as the ‘Jackson-Stoppers’ in the festival’s Touch Rugby tournament and did us all proud!

Go the Minis!

Rugby Festival-9774

 

 

 

 

 

 

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