London Property Podcast – Details, episodes & analysis

We discuss a general update on the Prime Central London property market.

We discuss everything from the recent budget to talk of recession and inflation. We then go on to discuss the impact all that has had on the Prime Central London market. Chris Mulry LinkedIn: https://www.linkedin.com/in/chrismulry/Jaffar LinkedIn: https://www.linkedin.com/in/jaffar-saraj-859970b4Marius' LinkedIn: https://www.linkedin.com/in/mariusnzr/ Jaffar Instagram: https://instagram.com/jaffar_saraj?igshid=1b4mag423z1i8Marius' Instagram: https://www.instagram.com/mariusnazare/Chris Mulry Instagram: https://www.instagram.com/chris_mulry_property This podcast is produced for information only and should not be relied upon as professional advice. The London Property Podcast accepts no liability or responsibility for direct, indirect or consequential loss arising from the use of reference to or reliance on this podcast or this content. The London Property Podcast accepts no warranty for the accuracy of the information in this podcast. The views, thoughts and opinions expressed in this podcast, belong solely to the authors and not any external organisation or individuals.

With the introduction of the Renters Reform Bill to Parliament on the 17th May 2023, this long awaited proposed legislation affecting the private rented sector in England moves closer to becoming law.

The headline part of the bill has been the proposed abolishment of the so called “no fault eviction” known formally as the Section 21 notice. For Landlords who have initial concerns about the impact this may have, it is worth noting that the Section 21 Notice is not a commonly used tool for seeking possession. When used, it is primarily for reasons that are likely to be included in changes made to the Section 8 notice, such as needing to move back into the property or selling the property. There is no doubt though that the proposed changes are a shift from the current legislation in place.

The main proposals in the bill include:

• Abolishing Section 21 notice evictions, which allow landlords to evict tenants without a reason.
• Reforming the Section 8 notice process, to expand and strengthen the grounds for repossession for the landlord
• Introducing a new type of tenancy agreement, which would give tenants more security
• Creating a landlords’ register where all landlords must register themselves and their properties on a Property Portal
• A new Ombudsman covering all private landlords to improve dispute resolution
• Applying the Decent Homes Standard (DHS) to privately rented homes
• Changes to how and when rent increases can be implemented

The Government has said the Bill “will introduce comprehensive, fair and efficient grounds to ensure landlords have confidence they can regain possession when it is reasonable. We will expedite landlords’ ability to evict those who disrupt neighbourhoods through anti-social behaviour and introduce a new ground for persistent rent arrears”

It is important to note that although this bill has been introduced to parliament it has not yet become law. At this time, we cannot confirm the date the Bill will become law. It must pass through both Houses of Parliament where amendments are expected to be made. The government does however plan to have the Bill pass into law in the lifetime of this Parliament, which is currently due to run to Dec 2024.

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This podcast is produced for information only and should not be relied upon as professional advice. The London Property Podcast accepts no liability or responsibility for direct, indirect or consequential loss arising from the use of reference to or reliance on this podcast or this content. The London Property Podcast accepts no warranty for the accuracy of the information in this podcast.

The views, thoughts and opinions expressed in this podcast, belong solely to the authors and not any external organisation or individuals.

We speak with guest speaker Cindy, head of interior design at the Collaboration London to get her thoughts on the importance of dressing for sale. Staging a property for sale is a crucial step in sellin process. It involves setting up and arranging the property in a way that showcases its best features and appeals to potential buyers. Here are several reasons why staging is important: Enhanced Visual Appeal: Staging helps create an attractive and visually appealing environment within the property. By arranging furniture, decor, and accessories in a way that complements the space, staging can make the property more inviting and appealing to prospective buyers. Highlighting the Property's Potential: Staging allows buyers to envision themselves living in the space by showcasing its full potential. Well-placed furniture and tasteful decorations can help buyers understand the functionality and possibilities of each room, making it easier for them to imagine how they would use the space. Maximizing Space: Proper staging can make rooms appear more spacious and open. By strategically arranging furniture and eliminating clutter, staging can help accentuate the property's square footage, making it seem larger and more desirable to potential buyers. Emphasizing Key Features: Staging allows you to highlight the property's unique selling points and key features. Whether it's a beautiful fireplace, a stunning view, or architectural details, staging helps draw attention to these elements and create a lasting impression on buyers. Creating a Neutral and Welcoming Environment: Staging helps create a neutral and welcoming atmosphere within the property. Neutral colors, tasteful decor, and a clean and organized space make it easier for buyers to visualize themselves living in the property, regardless of their personal style or preferences. Increasing Buyer Interest: A well-staged property tends to generate more interest from potential buyers. When buyers are impressed by the appearance and presentation of a property, they are more likely to spend additional time exploring it and considering it as a potential purchase. Facilitating Better Online Presentation: In today's digital age, most buyers begin their property search online. Staging allows you to capture high-quality photos and videos that showcase the property's best features, making it stand out in online listings and attracting more potential buyers to schedule viewings. Faster Sales and Higher Offers: Staged properties often sell faster and for a higher price compared to vacant or poorly presented properties. When a property is well-staged, it can create a sense of urgency among buyers and may even lead to multiple offers, allowing you to negotiate better terms and achieve a higher sale price. Professional Reputation: As an estate agent, interior designer, and property developer, consistently staging properties to a high standard can help build your professional reputation. Sellers will appreciate the added value and effort you bring to the table, increasing the likelihood of repeat business and referrals. Differentiating from Competitors: Staging sets your property apart from competing listings in the market. When potential buyers compare properties, a well-staged home will leave a lasting impression and make it more memorable among the sea of options available

1.1. International Demand: Prime Central London remains a global hotspot for property investment, attracting international buyers seeking stable investments and a cosmopolitan lifestyle.

1.2. Limited Supply: The supply of prime properties in central London is constrained by a shortage of developable land and strict planning regulations, leading to increased competition and upward pressure on prices.

1.3. Shift in Buyer Preferences: Buyers are increasingly looking for properties with modern designs, energy efficiency, and high-quality finishes. They value functionality, flexible living spaces, and the latest technology.

Price Movements and Market Analysis:

2.1. Historical Price Performance:

2.2. Impact of Rising Interest Rates:

‌2.3. Resilience and Stability:

3.1. Continued Demand:

Affordability and Mortgage Costs:

1.1. Reduced Affordability:

-Increased Borrowing Costs:

-Affordability Challenges:

-Price Corrections:

-Demand and Transaction Volumes:

2.1. Slower Transaction Volumes:

Buyer Hesitation: Higher interest rates

Impact on Property Types:

Investment and Buy-to-Let Market:

3.1. Rental Yields:

-Squeezed Profitability:

-Increased Costs for Landlords:

-Market Adjustment:

Making your property marketable:

- Attractive Visual Appeal:

-Modern Design Elements:

-Improved Layout and Functionality:

-High-Quality Finishes:

-Convenience for Buyers:

-Limited Disruption:

-Immediate Rental Potential:

-Energy Efficiency and Sustainability:

3.1. Reduced Utility Costs:

Higher Market Demand and Increased Value:

-Limited Supply: Prime Central London

-Potential for Capital Appreciation:

Refurbished properties have become highly desirable and are selling quickly in the current market in Prime Central London.

Your weekly London Property show presented by your experts Marius Nazare, Chris Mulry & Jaffar Saraj - Vlog 31 Our top tips on what sellers needs to do to prepare for marketing their property and what can be done to successfully achieve a sale at the best price possible. Connect with us on Social Media: Marius' Instagram: https://www.instagram.com/mariusnazare/ Chris' LinkedIn: https://www.linkedin.com/in/chrismulry/ Chris' Instagram: https://www.instagram.com/chris_mulry_property Jaffar LinkedIn: https://www.linkedin.com/in/jaffar-saraj-859970b4 Jaffar Instagram: https://instagram.com/jaffar_saraj?igshid=1b4mag423z1i8 Marius' LinkedIn: https://www.linkedin.com/in/mariusnzr/ YouTube channel: https://www.youtube.com/channel/UC2SYIgQY-0r89pMg8HLv18Q DISCLAIMER: This video is produced for information only and should not be relied upon as professional advice. The London Property Podcast accepts no liability or responsibility for direct, indirect or consequential loss arising from the use of reference to or reliance on this video or this content. The London Property Podcast makes no warranty to the accuracy of the information in this video. The views, thoughts and opinions expressed in this video, belong solely to the authors and not any external organisation or individuals.

Your weekly London Property show presented by your experts Marius Nazare, Chris Mulry & Jaffar Saraj - Vlog 30 A quick market analysis of the Prime Central London property market following the end of the Stamp Duty Holiday in June 2021. Connect with us on Social Media: Marius' Instagram: https://www.instagram.com/mariusnazare/ Chris' LinkedIn: https://www.linkedin.com/in/chrismulry/ Marius' LinkedIn: https://www.linkedin.com/in/mariusnzr/ Jaffar LinkedIn: https://www.linkedin.com/in/jaffar-saraj-859970b4 Jaffar Instagram: https://instagram.com/jaffar_saraj?igshid=1b4mag423z1i8 DISCLAIMER: This video is produced for information only and should not be relied upon as professional advice. The London Property Podcast accepts no liability or responsibility for direct, indirect or consequential loss arising from the use of reference to or reliance on this video or this content. The London Property Podcast makes no warranty to the accuracy of the information in this video. The views, thoughts and opinions expressed in this video, belong solely to the authors and not any external organisation or individuals.

Your weekly London Property show presented by your experts Marius Nazare & Chris Mulry - Vlog 29 1) UK Prime Residential Market Update: https://www.savills.co.uk/research_articles/229130/314127-0 YouTube channel: https://www.youtube.com/channel/UC2SYIgQY-0r89pMg8HLv18Q Instagram: https://www.instagram.com/londonpropertypodcast Marius' Instagram: https://www.instagram.com/mariusnazare/ Chris' Instagram: https://www.instagram.com/chris_mulry_property Marius' LinkedIn: https://www.linkedin.com/in/mariusnzr/ Chris' LinkedIn: https://www.linkedin.com/in/chrismulry/ Jaffar LinkedIn: https://www.linkedin.com/in/jaffar-saraj-859970b4 Jaffar Instagram: https://instagram.com/jaffar_saraj?igshid=1b4mag423z1i8

Your weekly London Property show presented by your experts Marius Nazare & Chris Mulry - Vlog 28  

1) London homes snapped up by Hong Kong buyers quadruples: https://www.cityam.com/london-homes-snapped-up-by-hong-kong-buyers-quadruples/

2) London Led the World in Super-Prime Home Sales During 2020:  https://www.mansionglobal.com/articles/london-led-the-world-in-super-prime-home-sales-during-2020-226470

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DISCLAIMER: This video is produced for information only and should not be relied upon as professional advice. The London Property Podcast accepts no liability or responsibility for direct, indirect or consequential loss arising from the use of reference to or reliance on this video or this content. The London Property Podcast makes no warranty to the accuracy of the information in this video.  The views, thoughts and opinions expressed in this video, belong solely to the authors and not any external organisation or individuals.

1) London £5m+ home sales highest in 5 years as 2020 ends on a high: https://www.savills.co.uk/insight-and... 

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