Summer Newsletter 2009
June, July, August
LETIINGS
Jeffersons Welcomes the summer months and with the sunshine a brighter outlook for the rental investors. We are pleased to report improved activity in the rental market. Overalll Many tenants are renewing and on average new instructions are converting to rentals within 21 days. The Docklands and City, the most severely affected areas in London are coming back to life. After a glut of rental properties coming onto the market in the past year and forcing down the rents, we have found that rents are being to stabilize.
At Jeffersons we consider every property and tenant individually, assess the situation and report to our landlords. This is still a very competitive rental market and we cannot stress enough the importance of making sure your properties are well presented and marketed in good condition. One should also be flexible; the benefits of a small reduction in rent or a request for some improvement far outweighs a lenghty void period which can equate to a considerable loss in revenue. We also do our part to ensure your property receives maximum exposure and will make relevant recommendations where necessary.
With the change in the economy and the uncertainty of job security for many tenants, landlords may wish to consider taking advantage of rent & legal protection insurance. If you are interested we are happy to obtain quotes on your behalf.
We would like to celebrate the arrival of summer by giving our clients a SUMMER DEAL which is being offered on any new instructions we take in June, July and August 2009. Rent & legal protection guarantee scheeme - FREE for the first 6 months.
For more information, please contact Francesca, our Lettings Manager at francesca@jeffersons.uk.net or +44 (0) 208 369 5587.
SALES
'Green shoots of optimism in the London property market!'
Following on from our Spring newsletter, signs of confidence have come back to the property market in London.
For those who have taken adantage of the information in our last newsletter and our services since, we hope that over the last three months we have helped you buy your property investment at a good time.
The month of May reported a small increase in property prices, the first in nearly 2 years.
Sterling has increased 15 per cent from its Spring lows.
London buyers are back in the market with the re-introduction of 90% mortgages. As UK interest rates are likely to rise by 2010, many are choosing to buy now and 'lock-in' the lowest long term fixed morgage rates available. This has seen the oversupply of property at the beginning of 2009 virtually disappear.
This has made quality property a rare commodity. For those wishing to sell, there are many more serious buyers now than in the last 18 months.
For those wishing to buy, it has made it ever more important to have the ability to source the right property. Many clients have taken advantage of our property finding service over the last three months and we appreciate their trust in our expertise in tailoring an investment to their needs.
For further information, please contact Michael, our Sales Manager at michael@jeffersons.uk.net or +44 (0) 208 369 5584.
