- 16th February 2017
- Commercial People
According to research by the property data service LonRes, since last year's introduction of stamp duty tax, the number of lettings costing more than £3,000, £4,000 and even £5,000 a week has dramatically increased. This has happened because foreign billionaires, who would have once shelled out £10m or more on a London home, are now choosing to rent.
Stamp duty tax amounts to 15% on properties bought via offshore trusts, and a 3% on second homes, which means that the cost this measure has introduced at t... Read more
- 09th February 2017
The Royal Institution of Chartered Surveyors (RICS) have released a report downgrading their outlook for UK property sales in the year ahead. In fact, according to a recent survey, the number of house sales faltered in the last three months of 2016 and it has gotten off to a slow start in 2017, causing estate agents to feel less optimistic about prospects in the coming months.
Despite a dip in activity across most of the UK, with the exceptions of Wales, the south-west and the north-west which contrary to everyone else have seen an increase in sales, overa... Read more
- 07th February 2017
Research by Jones Lang LaSalle (JLL) looked at the impact of deferring the revaluation to 2017, saying it had created winners and losers.
The new business rates that will be coming into effect as of April 2017, will have fundamental effect on businesses across all sector and sizes throughout the United Kingdom. The rates are based on the value of the property the retailer trades from. That said, not everyone stands to do badly from the rates. The retail segment is a sector that will overall benefit from the revaluation with an average 5% fall in next year’s rates bill. &nb... Read more
- 02nd February 2017
- Commercial People
Yes location and state of maintenance of the property play a key role in the buyers final decision, but before anyone can book an appointment to view the house, they first have to be interested in it, and this can happen through well taken pictures.
Whether you wish to sell or to let your home or your apartment, taking good pictures that will accompany your property's description is extremely important for potential buyers to get a feel of the place, because if they like what they see, they already have a step in the right direction.
Bad pictures and a lack of pic... Read more
- 26th January 2017
London’s population is expected to grow to 9.8 million by the middle of the next decade, but according to a joint study released by the university of Westminster and housing charity Dolphin Living, a failure to provide homes that key workers can afford, could cost the capital billions a year.
The definition of 'key worker' given in this report ranges from nurses and teachers to emergency services employees, civil servants and those behind London’s vast tourism industry, and data has shown that providing subsidised rental homes to these employees, supplies the capital&nbs... Read more
- 18th January 2017
- Commercial People
Purchasing commercial property requires time and effort, and although there are common milestones in most sales, there's no such thing as a “routine” real estate transaction.
Our advice is therefore to hire experts to help you along the way with some of the most difficult steps.
Which and how many experts depends largely on the type of property you're purchasing, but at the very least, you will need to hire an accountant, commercial real estate lawyer, commercial realtor, and a mortgage broker.
In many cases, if the property is more complicated, then other speciali... Read more
- 11th January 2017
We have said time and time again that when searching for a property location is everything. In a previous post published on Commercial People South Africa, we explained how the proximity to a good school can add great value to a residential property. Today we'll discuss what adds value to an commercial one.
When looking to rent a space for your company, whatever sector your business deals in, it's important to set up an office in an area that can be easily accessible not only to your clients but also to your staff.
Will your customers find it easily? Will your team members b... Read more
- 04th January 2017
- Commercial People
Since it was first established Commercial People has continued to evolve and to expand, so much so that we currently have access to a database of more than 200,000 investors.
Agents not only recognise the benefit of working with a global platform and having exposure in over 100 countries, but they also recognize the efficiency of our website, franchising and services.
Through Commercial People, property listing is made as simple and clear as possible, without having to compromise on essential details. Your property description will in fact be accompanied by an unlimited gallery of photog... Read more
- 28th December 2016
Most leading forecasters predict UK house prices will experience a marginal rise of 1% to 4% in 2017.
For many, this sharp deceleration from 2016 will be a consequence of a general slowdown in economic growth, as well as that of potential rises in unemployment and pressure on household income. Nevertheless, the low interest rates and subdued housebuilding levels, will continue to edge slightly higher, with the average house price estimated to rise between £220,000 and £226,000 in the upcoming year.
As for the London market, house prices currently stand at nine time... Read more
- 25th November 2016
- Industrial Properties
When you’re looking to purchase a manufacturing business that is up for sale, there are a few things that you may need to consider before you sign the contract and hand over the money. Despite in many areas of the country, manufacturing businesses have shifted off shores over the past several years, there is still a lot of opportunity for people looking to get into the manufacturing business. The challenge is however, finding an existing manufacturing business that has a bright future – as this is going to be far easier than starting one from scratch and hoping it grows with such t... Read more