Thursday 2 December

Seasons Greetings

The Directors and Staff at Jeffersons would like to take this opportunity to be the first to wish you a very Merry Christmas and a prosperous and healthy new year.

Emergency Maintenace

Jeffersons will be closed from Friday 24th December 2010 and will reopen at 9am on Tuesday 4th January 2011 at 9am.  During the festive period whilst the office is closed all tenants will be provided with an emergency contact for genuine emergency repairs only.  Full details will also be published on our website.  We would like to thank Taylors Property Maintenance for handling all of our out of hours and emergency calls.

Staff Update

The Jeffersons family has grown to include another new member.  Lee Christodoulou came to us from a commercial insurance background and is proving to be a very able lettings negotiator.

Thank You

We would like to say thank you to the landlords who have referred new clients to us.  As always, Jeffersons is keen to satisfy the current market demands and is eager to take on new propertties for both sales and lettings. We would welcome introductions to new landlords and vendors and would be delighted to help our existing clients with any new properties that we do not currently manage.

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Heavy snow has hit London and the South East but here at Jeffersons we are wrapped up warm and looking forward to the festive season.

The autumn proved a very positive time for sales at Jeffersons with the last quarter being our busiest since 2007. The London property market has shown a remarkable resilience to the economic issues in the UK. Serious buyers are still registering with Jeffersons and sensibly priced properties are continuing to sell.

For those looking to invest, rents in London have been increasing due to a shortage of rental property. Interest rates have remained at an all time low and are likely to remain at current levels until Winter 2011. With both of these factors, we believe that long term investment looks a compelling proposition.

For owner occupiers, salaries have performed better in London than the rest of the UK. The UK economy has grown by 1.2% in the last two quarters, more than at any time in the last decade, improving private sector job security. The public sector is estimated to lose around 490,000 jobs due to the well publicised Government cutbacks, however only 4% of the London job market is made up from this sector, so we feel again that levels of demand in London will remain high.

If you are considering buying or selling a property it is more important than ever to make sure that you have the experience at hand to help you through the buying or selling process. For more information about sales, please contact Michael at michael@jeffersons.uk.net or on +44 (0) 20 8369 5584.'
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Winter is upon us and the outlook is bright for landlords. We can report that there is a significant demand for rental property in London and the increase in activity in the rental market has been dramatic.   Rents have now risen for eight consecutive months. Available rental properties are well below demand. This year’s rise has been largely driven by the south-east and London, where rents are also the highest on record, at an average £972 a month – a rise of 6.8% since the start of the year.

Central London, West and North London remain extremely popular and we find that increasingly City workers are choosing to rent closer to work to save on time and transport costs. Properties we have advertised in the City and surrounding areas are being rented in record time and often with bidding wars ensuing.

Can we remind all of landlords Jeffersons are seeking new rental properties and can guarantee great rental returns and competitive fees. We are happy to share our professional expertise in guiding landlords thinking of buying new investments. All current landlords will receive a competitive charge for management and letting.