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Happy New Year
May we take this opportunity to wish you all belatedly a very happy, healthy and prosperous 2010.
Chinese New Year
We would also like to wish everybody but particularly our landlords in the Far East a very Happy Chinese New Year and all the very best for the year of The Tiger. The Tiger is said to be lucky, vivid, lively and engaging. Another attribute of the Tiger is his incredible bravery, evidenced in his willingness to engage in battle or his undying courage. Maybe he’s so brave because he is so lucky. But the Chinese say having a Tiger in the house is the very best protection against the evils of fire and burglary. Like the lion in Western culture, the Tiger is the proverbial King of the Jungle, and admired for its vivid stripes that symbolize the balanced forces of `yin' and `yang'.
Welcome to William
We would like to take this opportunity to welcome our new Lettings Negotiator, William Holgate to our team. William has taken over from Owen who left at the end of 2009 to go travelling around South America.
Welcome back to Julie
Julie Pugh, our Maintenance Manager will be returning on 1st March following 9 months of maternity leave. Julie returns on a part-time basis and will be working 3 days a week, covering half the property portfolio and overseeing the other half. We are delighted that Julie is coming back and are looking forward to her imminent return.
Walk The Walk
In May 2010 the Directors of Jeffersons, Rekha and Debbie Essex will be taking part in The Playtex Moonwalk to raise money for breast cancer. The Moonwalk is a walk of 26.2 miles completed overnight. Rekha and Debbie are walking in memory of Viv Essex, Debbie's mother and Rekha's mother-in-law who many of you will remember as the driving force behind Jeffersons Management Services. To date Debbie and Rekha are walking 10 miles - nearly half way there! Details of how to sponsor Debbie & Rekha will appear in the next newsletter together with a training update.
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'Buyers come out of hibernation!'
A renewed confidence has returned to the London property market. Prices appear to have stabilised, the UK has just come out of recession and the snow has gone!
We have found over the last couple of weeks that many potential buyers have registered, but that there is currently a limited choice for them to view.
As a consequence, in our opinion, this is probably the best time to sell a property that there has been for the last eighteen months.
At Jeffersons we want to make sure that for those that may be thinking of selling, the process is made as straightforward as possible as we recover from a difficult time. Our Sales Manager of 14 years (although he won't thank us for reminding him of that!), will personally oversee every instruction and keep in regular touch with every one of our sellers to make sure that the sales experience at Jeffersons is as smooth as possible.
For more information about sales, please contact Michael, our Sales Manager, at michael@jeffersons.uk.net or on +44 (0) 20 8369 5584.
Good news - the market is bouncing back, with 2009 characterized as a year of survival for many landlords. We are starting to see signs of a brighter future into 2010 and anticipate a slight increase in rental income this year. The financial services industry has started to recruit again and we have seen a notable rise in corporate applicants looking for properties in the Docklands, East London and City areas. Many agents including ourselves are low on properties and we are actively marketing to increase our stock. Some 41% of letting agents said there were more potential tenants than properties in the final quarter of 2009, according to the Association of Residential Letting Agents (ARLA). This was up from 24% during the three months to the end of September. Demand for rental properties is increasing because people are struggling to find properties to buy or mortgages that they qualify for.
In an effort to make us all a bit greener, the Government have announced a boiler scrappage scheme which will see homeowners receiving a £400 cash incentive to replace their old boiler for a new energy efficient one. This initiative is now up and running and anyone who applies for it will receive their £400 voucher on or after January 18. But it is not just an opportunity to cut carbon emissions and do more for the environment. Estimates suggest that upgrading your G-rated boiler to an A-rated one could save an average of £235 a year on household heating bills. For more information visit The Energy Saving Trust at www.est.org.uk or call them on 0800 512012. The offer is for the first 125,000 customers and is on a first come first served basis.
Can we remind all landlords that properties built over 5 years ago should undergo a Periodic Inspection Report to ensure safe electrics. Failure to upgrade and make safe your electrical installation could result in a case for negligence and in the case of a fire, invalidate an insurance claim.
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