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Property News

London Market Insight

Chestertons employ some of the most experienced and qualified professionals in the industry. In our Market Insight section they share their knowledge and give their insights into specific property-related issues.

Residential Property Market Report - November 2019

December 2019   Read Chestertons' Residential Property Market Report for a review of the sales, letting and investment market -with an overview of the current economy.

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Inside Fulham Issue 3

November 2019   Read the latest Inside Fulham report, for Chestertons' most recent evaluation of the local residential market, with comments from Josh Rault - Sales Manager - and Graham Jennings - Lettings Manager.

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Inside Little Venice Report Issue 1

November 2019   Read our latest Inside Little Venice report for an insight into the local residential property market, including comments from Chestertons' sales and lettings managers of the area.

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London Residential Report - Autumn 2019

October 2019   Read Chestertons' Autumn 2019 residential report for an up-to-date assessment of the London property market - with details of the supply and demand, statistics and  key market indicators seen for both sales and lettings.

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Inside Kentish Town Issue 1

October 2019   Read the first issue for our Inside Kentish Town Report to get an insight into the local residential market as it currently stands in Q3 of 2019.

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Inside Canary Wharf Issue 3

October 2019   Read our latest issue of the Inside Canary Wharf report to find out how the residential property market has performed for Chestertons recently.

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Inside Westminster Issue 2

September 2019   Read our second issue of the Inside Westminster report, for our most recent review of the Westminster and Pimlico residential property market.

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Inside Tower Bridge Issue 2

August 2019   Read the second issue of our Inside Tower Bridge report, for an up-to-date review on the local residential property market; with words from Sales Manager – Alex Hensley – and Lettings Manager – Katharine Reynolds.

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Inside Parsons Green Issue 1

August 2019   Read our latest Inside Parsons Green report to hear our most recent update on the sales and lettings residential property market in Parsons Green, Fulham; with observations from our sales manager – Glynn Gibb – and our lettings manager and area director – Adam Jennings.

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Inside Camden Issue 1

August 2019   Read our latest Inside Camden report, for our recent analysis on the sales and lettings market in the area. Hear from our Sales Manager – Emlyn Parks – and Lettings Manager – Chaz Claase.

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London Residential Property Market Report Summer 2019

August 2019   Although Brexit concern faded somewhat into the background with the extension of the UK’s leaving date, the London sales market continued to be hampered in the three months to June.

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Inside Mayfair Issue 4

August 2019   Our Inside Mayfair report provides you with a recent review of the residential property market within the area, in this past year, with comments from our Mayfair sales and lettings managers.

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Inside Chiswick Issue 1

August 2019   Read our latest Inside Chiswick report, to hear out about the sales and lettings market in the area within the last year for Chestertons, with comments from Charlotte Writer-Maguire – Chiswick Sales Manager – and Nikki Mention-Dennis – South West Lettings Area Director.

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Inside Wandsworth Issue 1

May 2019   Read our latest Inside Wandsworth report, to hear the most up-to-date review of the local residential property market, with comments from our Wandsworth Sales Manager – Chris Willmer, and Lettings Manager – Scott Foley.

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London Residential Report - Mid Year 2018

October 2018   Read Chestertons quarterly round-up of the London Residential Sales and Lettings market.

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Bank of England raises Interest Rates

August 2018   With the Bank of England's decision to increase interest rates, we look at what this means for the property market.

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London Residential Report - Spring 2018

June 2018   2018 started with an abundance of activity as prospective buyers emerged from the Christmas period with renewed appetite.

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Inside Fulham Issue 2

April 2018   2018 has started on a positive note. The gap between buyer and seller expectations on pricing has narrowed and there is a greater willingness on both sides to agree deals.

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Inside Canary Wharf Issue 2

February 2018   A review of the Canary wharf residential property market. In issue two we look towards 2018 to see how Crossrail, Brexit and the changing landscape of Canary Wharf will affect local housing.

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Inside South Kensington Issue 1

February 2018   Inside South Kensington provides insight into the current and future property market from local property experts Robert Budge, Sales Director, and Ashley Wilmott, Lettings Manager.

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London Residential Report - Winter 2017

December 2017   Read our full London Residential Report to find out what has caused buyers and sellers to hesitate for so much of 2017.

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London Residential Report - Autumn 2017

November 2017   Early indications suggest that sales across Greater London fell in July-September. A shortage of properties, which remained at near record lows according to the RICS, also remained a challenge for buyers.

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Asking prices for some London homes record biggest falls this decade

September 2017   Asking prices for homes in some parts of London have recorded their greatest annual fall so far this decade, dropping on average by £18,000 in a month.

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London Residential Property Market Report - Summer 2017

August 2017   After an encouragingly buoyant first quarter, the market slowed in Q2 in reaction to various distractions including the snap general election, Brexit and the lingering impact of stamp duty hikes.

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Election result has minimal impact on property market

June 2017   Despite the shock of a snap election and a result that ultimately saw Theresa May and the Conservative government lose the majority, the UK property market has unsurprisingly remained resilient.

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A third of London sellers have reduced their asking prices

May 2017   32% of properties in London have reduced their asking price this spring by an average of 7.5%, which is equal to approximately £57,000.* The biggest price reductions can be found in the London borough of Kensington.

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Landlords more flexible on rental pricing

May 2017   Rents in London have fallen by 1.2% over the past 12 months, the first year-on-year fall since December 2009*. This is supported by ARLA, which reports that the number of rent reductions rose in March, with 3.6% of agents seeing rents coming down during March. The average rent in London now stands at £1,519 pcm which accounts for 31.8% of average household income, compared to a UK aver

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Bank of Mum and Dad now the ninth biggest Mortgage lender in the UK

May 2017   Research by Legal & General and Cebr has found that family and friends now fund more than a quarter of all house purchases, as first-time buyers increasingly struggle to get on to the property ladder.

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London's hot-spots for young professionals

April 2017   New research has revealed that young professionals can expect to pay a £71,000 premium to live in the UK's most popular areas. Lloyd's has compiled a list of the top 20 postcodes across the country thought to have the highest concentration of house sales to young professional buyers. While Hove in East Sussex tops the list, 16 of the areas listed are located in London postcodes. The repor

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What now for the UK property market

March 2017   WILL THE TRIGGERING OF ARTICLE 50 MAKE A DIFFERENCE? Finally the deed is done! The long awaited formal notification that the UK wishes to leave the EU has been delivered. No doubt many will be wondering what impact this might have on the residential property market. With regard to our status within the EU, very little will change immediately as the EU needs a consensus from the remaining 27 M

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Inside Covent Garden Issue 1

March 2017   Today, the area is one of the capital's tourist hot-spots; well known for its wide variety of shopping, restaurants and nightlife, most famously the Royal Opera House – but is also a popular residential location.

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London Prime Residential Property Market Report - Winter 2017

February 2017   The final quarter of the year is often slower due to Christmas and the run-up to the holidays and 2016 was no exception; London's property market proved surprisingly resilient over 2016 as a whole.

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Inside Greenwich Issue 1

February 2017   The redevelopment of Greenwich Peninsula is well underway and will deliver around 15,000 new homes. The more fashionable parts of Greenwich have traditionally been in the town centre and around Greenwich Park.

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A strong start to the year for London sales market

February 2017   The second and third quarters of last year were some of the toughest faced by the London property market for a few years, with less people buying and selling as they adjusted to the referendum result and took time to digest what it meant for them and the country. However, this pause in market activity seems to have been only very temporary as Chestertons' 32 branches all saw a considerable upli

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Inside Mayfair Issue 2

January 2017   The sales market in Mayfair has been subdued for much of the past two years as increases in stamp duty, the introduction of capital gains tax for foreign property owners plus the uncertainty surrounding Brexit.

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Inside Fulham Issue 1

November 2016   Already well established as one of London's more affluent locations, Fulham benefits from plenty of independent shops, trendy places to eat and drink and popular markets.

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London Prime Residential Property Market Report - Autumn 2016

November 2016   The third quarter of this year provided a welcome dose of relative positivity compared to the considerable negativity following the EU referendum: buyers were much more active. Read our full report here.

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Inside Kensington and Chelsea Issue 1

October 2016   Despite a slowdown in the number of sales, average prices are now 66% above their pre-global recession peak in 2008. Patricia Farley The Royal Borough of Kensington & Chelsea is one of London's most desirable areas to live, characterised by a mix of charming mews houses, regal red-brick mansion blocks and stucco-fronted terraces which are some of the capital's most expensive.

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What now for the British pound

October 2016   Following the Brexit vote, the pound now finds itself at a 31 year low against the dollar. Despite better than expected economic figures that have come out since June, sterling has continued to lose value and is unlikely to recover much ground until some big questions have been answered. There are some positives with the cheaper pound, such as our export market which has improved as our goods a

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Buy to let mortgage applications are changing

October 2016   Buy-to-let mortgage applications are changing The Prudential Regulatory Authority (PRA) has recently announced regulatory changes to the way that lenders assess Buy-to-Let mortgage applications. These changes will be implemented by lenders before January 2017 and may affect your ability to obtain a Buy-to-Let mortgage, the amount that you can borrow and the information you will need to supply.

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Did your bank pass on the rate cut

September 2016   There are an estimated 2.2m borrowers in the UK on standard variable rate mortgages and the Governor of the Bank of England made it clear that he expected lenders to pass on the savings After holding the base rate at 0.5% for over seven years, on 4th August, the Bank of England cut interest rates to a new record low of 0.25%. Many mortgage holders, especially those on variable rates, would have

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Inside Canary Wharf Issue 1

September 2016   Canary Wharf is one of London's main business districts, located in Docklands just a few miles east of the City. Over the past few years in particular the area has become one of the capital's most sought-after places to live.

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Economic indicators and market confidence defy Brexit vote fears

August 2016   Numerous indicators measuring economic confidence in the weeks following the EU referendum vote for Brexit point to ongoing confidence, meaning now may be a good time for homeowners who are considering selling to bring their property to market. Many experts predicted a significant economic slowdown if the UK voted to leave the European Union on 23rd June, but so far those worst-case scenarios

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Notting Hill Report

August 2016   Well established as one of London's most culturally and ethnically diverse locations, Notting Hill is an increasingly sought-after place to live.

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London Residential Report - Summer 2016

August 2016   After the relative frenzy of activity in the first three months of the year, driven by the rush to beat the 3% stamp duty surcharge introduced in April, the prime London sales market quietened in the second quarter.

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Bank interest rate cut should boost housing market

August 2016   Recently, the Bank of England cut interest rates from 0.5% to an all-time low of 0.25%, the first time the rate has changed since 2009.

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Chancellor must consider stamp duty changes

July 2016   Philip Hammond, Theresa May's new Chancellor, should follow the Bank of England's lead and act to shore up house prices and keep sales markets moving by slashing or temporarily suspending stamp duty. The Bank's Governor Mark Carney has already lifted capital requirement restrictions on British banks in the wake of last month's Brexit vote. The Monetary Policy Committee (MPC) may also cut intere

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Housing market in London shows little sign of Brexit decline

July 2016   The past few weeks have seen a number of hysterical news articles and doom-laden predictions about the housing market and how much money will be wiped off property values in the wake of Brexit. In all truth the majority of such stories are off the mark, aimed more at generating headlines than accurately reading what is a very fluid market. The simple truth is that it is just too early to predic

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Launching our Brexit Property Clinic

July 2016   Britain has voted for Brexit, and amid the ongoing political and economic uncertainty homeowners, buyers and landlords are wondering what's next for London's property markets, and where now for international property owners and investors? To ensure you're getting the best advice, why not contact the Chestertons Property Clinic? Just email property.clinic@chestertons.com and our panel of experts

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Open mortgage tap should keep markets flowing and house prices afloat

June 2016   "I was as surprised as everyone else when I awoke on Friday morning to discover the UK had voted to withdraw from the EU. I had gone to bed with the pound soaring and Nigel Farage saying it looked like the Remain campaign had won it, and I slept soundly in the knowledge that "the markets don't often get it wrong", writes Cory Askew, Area Director, for Chestertons. "Sadly tha

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Inside Mayfair Issue 3

June 2016   The prime residential property market across London continues to struggle. Changes to Stamp Duty have had a negative impact on sales of high-value homes, with buyers seeking price cuts to offset the increased tax.

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Inside Brentford 

June 2016   Brentford is undergoing major modernisation, transforming the town centre with a mix of new shops, cafés, restaurants, offices and community spaces, as well as delivering new flats and apartments.

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Inside Westminster Issue 1

June 2016   The housing market in Westminster continues to face challenges. The number of house sales during 2015 was 15.4% down on 2014. The revision of the stamp duty system at the end of 2014 had a significant impact, with buyers often looking for sellers to lower their asking prices to offset the increased tax bill on the purchase.

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Inside Kew

June 2016   Renowned for its botanical gardens, Kew has become popular with people looking for generously proportioned period properties in a relaxed family-friendly environment with upmarket restaurants and shops, plenty of open spaces, parks and excellent schools.

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How will EU referendum vote effect house prices

June 2016   Homeowners are understandably confused by conflicting forecasts by campaigners on both sides of the EU referendum debate as to how the outcome may affect house prices, with some on the remain side arguing the average UK home could be devalued by up to 20% in the event of a Brexit, claims that have been dismissed as scaremongering by Leave campaigners.

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Prime Residential Sales Report - Spring 2016

June 2016   The first three months of 2016 saw a considerable increase in activity compared to the previous quarter. Valuations and instructions to market homes for sale were both comfortably up by more than half as sellers showed a determination to achieve a sale, rather than just marketing their properties at over-ambitious asking prices and hoping for the best.

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How EU referendum vote could affect London's Lettings market

June 2016   With the EU referendum vote looming large, many landlords – particularly those reliant on tenant employed by multi-national companies or the financial services sector – are wondering whether a vote to leave will lead to an exodus of large employers, cooling tenant demand, or if a Brexit may boost the lettings market – at least in the short-term – as corporate tenants and

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Inside Barnes and East Sheen

June 2016   There is a strong sense of community in Barnes and East Sheen, plentiful green open space and great riverside properties. In Barnes, outstanding local schools such as St Pauls, the Harrodian and the Swedish School continue to attract new people to the area from across London and further afield.

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Why now could be right moment to put for sale sign up ahead of EU vote

June 2016   Why now could be right moment to put 'for sale' sign up ahead of EU vote Would-be sellers should think about putting their homes on the market now, as buyer demand in London remains healthy despite cooling buy-to-let interest and uncertainty ahead of the EU referendum, according to the latest data from Chestertons. The number of buyers registering for a property search with Chestertons was up b

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House price rises exceed average earnings

May 2016   Last month we reported that some parts of London had seen house prices rise by more than £500 a day on average, driven by a rush to complete transactions ahead of a 3% stamp duty hike on additional home purchases and increased interest from overseas buyers tempted by the weak pound. Price rises in Kensington & Chelsea slowed or even fell backwards in March, but some boroughs continued

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More than half of landlords may raise rent

May 2016   Since 2014 we have been seeing many landlords selling up after a sequence of announcements by political decision-makers Robert Bartlett CEO Landlords' confidence has collapsed faster than during the depths of the last financial downturn, to an all-time low, and around 55% in a recent survey said they may have to raise the rent as a result of taxation changes aimed to deter buy-to-let investors

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Prime Residential Lettings Report - Spring 2016

May 2016   The first quarter of 2016 provided a welcome improvement on the previous quarter: Property viewings were 30% higher and the number of new applicants rose by nearly a third. However, these numbers should be viewed within the context of the last quarter typically being the least active of any year.

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What is Right to Rent 

April 2016   Nicola Thivessen, Head of Compliance at Chestertons, answers some of the most common questions thrown up by the introduction of new rules requiring all landlords in England to check on the immigration status of all new tenants from the beginning of February this year – so-called 'Right to Rent' rules. According to the Residential Landlords Association, 72% of landlords surveyed recently w

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Dollar and euro buyers set to pounce as Russians cash in on London homes

April 2016   Sterling's fall against the euro and the dollar has paved the way for wealthy foreign buyers to pile back into London's residential property market, while those who bought in currencies that are currently faring less well against the pound, such as the rouble, have made huge returns on their investments over the past five years and in many cases are now cashing out at the top of the market. Th

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Off-plan sales dip could reinvigorate Londons house builders

April 2016   Developers could recalibrate their business models to deliver smaller, more affordable homes in future, according to experts at London and international estate agency Chestertons, responding to new figures showing off-plan sales of new-build London homes slowed down over the past nine months, and were down by a third in the first months of 2016 on the first quarter of last year. Off-plan sale

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House prices in some parts of London rising by 500 pounds a day

April 2016   House prices in London's more affluent boroughs have risen in some cases by more than £500 a day since the turn of the year, despite reports of a market slow-down and ongoing buyer uncertainty ahead of the London Mayoral and EU referendum votes, according to the latest analysis from Chestertons, a leading London and International lettings and estate agent. A flurry of buyers in the new

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Under-tens reckon average UK three-bed home costs three thousand pounds

April 2016   New research, exclusively for Chestertons, has cast a light on British children's understanding of the property market, along with what aspects are most important to them when moving house; finding that the average child believes a three-bedroom house costs, on average, £3,000 and a treehouse, swimming pool and at least three good hiding places are considered among the most important factor

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Tightening buy to let lending could squeeze renters still further

April 2016   New restrictions on buy-to-let lending signalled today by the Bank of England will do nothing to help first-time buyers on to the property ladder and could actually see rents rise even more steeply if landlords are deterred from buying properties or decide their business models are no longer viable in light of recent legislation and tax changes, warns London estate and letting agent Chestertons

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Major changes to stamp duty and mortgage lending for buy-to-let investors

April 2016   ""This week two significant changes have been introduced that will directly impact buy-to-let investors: The Bank of England signalled its intention to restrict mortgage lending criteria for buy-to-let investors. The new 3% stamp duty surcharge on all second homes and buy-to-let property purchases comes into effect on Friday 1st April. If you're a landlord looking to grow your portfol

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Little in Budget to boost house-building or residential property markets

March 2016   Chancellor George Osborne had little in his red box to boost would-be homeowners or landlords, and nothing concrete to support his 'we are the builders' boast when it comes to delivering the hundreds of thousands of new homes needed to meet demand and offer those trapped in Generation Rent hope of escape. He confirmed as expected that the 3% stamp duty surcharge on all second home purchases wil

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Exciting off-plan developments and sought-after new homes

March 2016   There are a number of fantastic new developments in London that will soon be completed and welcoming their first residents and although most have sold out completely, Chestertons has a number of individual properties that have come back onto the market and are now available, and here our Head of New Homes Sales Archie Sykes pics his selection of some of the best on the market right now: Dollar

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Owner-occupiers set for rush to buy as buy-to-let flurry subsides

March 2016   People looking to buy a home to live in are set to dominate the market in London as the winter rush to beat April's 3% stamp duty surcharge for second homes and buy-to-let properties fades, with almost three times the number of people coming forward to register as buyers throughout February as in the previous month, according to Chestertons, a leading lettings and estate agent. With the Chancel

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The Smart Move

February 2016   The window to avoid the 3% stamp duty surcharge on second and Buy-to-Let homes is closing fast, and the flurry of sales is definitely slowing as deals agreed now may not complete before 1st April, says Cory Askew, Executive Director of Chestertons. Many agents are complaining that some deals will be held up in the conveyancing process, as property investors demand priority to ensure their purch

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Spotlight on ten London Investment Opportunity Areas

February 2016   The rapid expansion of the private rental sector in London is creating significant opportunities for investors. Chestertons researchers have selected the ten investment areas we are expecting to see some of the highest house price growth in London, which will all benefit from new infrastructure and regeneration. If London is going to reach its required one million new homes by 2020 then these r

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Three-quarters of London couples postponing marriage to buy a house

February 2016   More than three-quarters of couples living in London are choosing to postpone planning a wedding in order to get on to the capital's ultra-competitive housing ladder first. A survey, carried out by Chestertons, shows that for 76% of couples, buying a home is their top financial priority. With average house prices reaching well over the half-a-million-pound mark in London, and monthly price rise

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Affordability: the best of both worlds

February 2016   Affordability The best of both worlds: an impossible dream? Buying a house and getting married are two of the biggest events in life, and feature high on the list of life goals for both men and women. However, our research has shown that it's become difficult for us to have both, with only 50% of those we surveyed able to afford to get married AND buy a home together. So which to prioritise? Thre

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London Prime Residential Sales Report - Winter 2015/16

January 2016   What price that first step on the property ladder? There are still plenty of buyers keen to get on the housing ladder, but only at the right price. This situation has been exacerbated by the media calling the peak of the London market and buyers thinking they can use this to negotiate prices down as a result.

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London Prime Residential Sales Report Autumn-Winter 2015

January 2016   What price that first step on the property ladder? There are still plenty of buyers keen to get on the housing ladder, but only at the right price. This situation has been exacerbated by the media calling the peak of the London market and buyers thinking they can use this to negotiate prices down as a result. Stamp duty has also had a major impact, adding to the overall price-tag and, in t

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Review of the Mayfair residential property market

January 2016   /SALES MARKET OVERVIEW The prime residential property market across London continues to struggle. Changes to Stamp Duty have had a negative impact on sales of high-value homes, with buyers seeking price cuts to offset the increased tax. Properties over £1.4m attract nearly 20% more in stamp duty under the current system; for properties above £2m the tax bill is around 54% higher than

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First-time-buyer hotspots

January 2016   1. SOUTHWARK: Borough and Bermondsey soar in shadow of Shard SE1 has seen huge growth in both popularity and prices over the past few years. As the corporates have moved in the area has become increasingly trendy – Maltby Street Market and boutique-strewn Bermondsey Street complement Borough Market and the phenomenal redevelopment going on around the Shard. As well as a host of modern res

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Our predictions for the 2016 sales and lettings markets

January 2016   2015 Review - £1m home sales almost 20% lower than in 2014; transactions over £1.5m almost 30% down - 21% fall in completed sales over the first eight months of 2015 - 2.4% decline in average home values over the year to September - Difference between average rents in London and the rest of the UK now a record 156% - New home starts in London in the first nine months of 2015 4.4% m

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How do you solve the Downton dilemma

December 2015   Christmas Day 2015 sees the last ever episode of ITV's beloved Downton Abbey, when millions will tune in to catch a final glimpse into the life of luxury lived by the Crawleys, with real-life Highclere Castle in Hampshire standing in for the titular Yorkshire pile. Between its sprawling grounds and extensive array of butlers, valets and kitchen staff, it boggles the mind to think of the daily c

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Research shows house prices rising fastest in the greenest parts of London

December 2015   House prices in parts of London known for having lots of green space and 'environmentally friendly' council services have largely outperformed average rises over the past two decades, according to the latest research from Chestertons. The Chestertons Green Boroughs Research 2015 has Hackney, Haringey and Tower Hamlet topping the pile as London's top three "greenest" council areas. Per

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Ten estate agents secrets to help sell your home this winter

December 2015   Winter need not be a difficult time to sell your home. With an organised and well-executed marketing plan, you can tempt prospective buyers away from their festive preparations, and dark nights and poor weather can be overcome to present your home in the best possible light. Daniel Killick, Manager of the Kew branch of London lettings and estate agency Chestertons, shares his tips on making you

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Shard development spearheads mini Southwark property boom

December 2015   London's Southbank around the Shard, which includes riverside Southwark, Borough and parts of Bermondsey, is experiencing a mini property boom driven by extensive regeneration, infrastructure improvements and residential development, drawing in young professionals and experiencing rapidly rising prices, according to Chestertons. Prices in the SE1 postcode have risen by 106% in the five years s

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Ten-fold Stamp Duty hike may deter pensioners from buy-to-let market

December 2015   Chancellor George Osborne's decision to add 3% to the rate of Stamp Duty for buy-to-let investors from April next year means it may no longer be financially viable for new entrants to the lower end of the private landlord market, and will have a disproportionate impact on pensioners looking to generate revenue in retirement, according to Chestertons. The announcement of the additional levy on s

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Tower Bridge Residential Market Report

December 2015   The residential sales market in SE1 has been challenging this year, in terms of both falling transactions and slower price growth than last year. Sales across the first half of 2015 were around 6% lower than in the corresponding period in 2014. Nonetheless, owners are still enjoying average sales values in SE1 that are 70% above their pre-global-recession peak in 2008. Although uncertainty in

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Reaction to the 2015 Autumn Statement

November 2015   Chancellor George Osborne's plans to generate a revenue surplus and fund the construction of 400,000 new homes, as announced in today's Autumn Statement, could be scuppered by the revised Stamp Duty system losing the Treasury around £3.5 billion over the lifetime of this Parliament, warns Chestertons, one of London's largest estate agents. Almost a year on from the introduction of the n

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Chestertons guide to avoiding cybercrime during a property transaction

November 2015   Cyber-crime is a major international threat to global commerce and a real headache for banks, utilities firms, online retailers and the like – not to mention their customers. Given the large amounts of money involved, cyber-criminals are very keen to target property transactions. Chestertons presents a list of FAQs we hope will keep your personal and financial details safe and secure when

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Canary Wharf Investment Report

October 2015   Already well established as one of Europe's pre-eminent financial centres, Canary Wharf is becoming an increasingly high quality residential location supported by numerous new bars, restaurants and excellent infrastructure links. Between December 2010 and June 2015, average new home sale values in E14 rose by 21.5% In the first half of this year were 11.3% higher than the average sold value i

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Rugby World Cup can boost short lets market and house prices

September 2015   The Rugby World Cup arriving in England and Wales this weekend will be a major boost to the short lets market in host cities, as well as showcasing cities such as London, Cardiff, Leeds, Brighton and Exeter as nice places to live and work, boosting house prices in the medium to long-term, according to Chestertons. With half a millions fans, journalists and corporate guests arriving in the UK f

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London Prime Residential Sales Report - Summer 2015

September 2015   After a subdued first quarter of 2015, there were high hopes that once the General Election was out of the way London's residential market would really take off. However, the post-election boom predicted by many commentators didn't transpire, other than for a brief flurry of deals in the days immediately following the poll - a "phantom bounce".

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Rail and Tube strikes make office space top home improvement

August 2015   Home office space is fast taking over from ensuite or luxury spa bathrooms as the must have home improvement that can add value to a property, and is of particular appeal to those commuting in and around London beset by rail and Tube strikes, according to Chestertons. A home office capability is very important for corporate employees keen to utilise increased working flexibility, and allows wo

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Docklands Investment Opportunities

August 2015   Over recent years, the Docklands area of London has proved one of the best investment opportunities in the capital, if not the UK. With average values in the region of £700 per sq ft, the area offers tremendous value for money for investors looking for value outside of Prime Central London, where prices of more than £3,000 per sq ft are being achieved. Studios and one and two-bedroo

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Our quarterly review of the Mayfair residential property market

August 2015   Whatever your impression of Mayfair, maybe it's time to think again. Mayfair is fast becoming a must-have area for wealthy youngsters. With luxury retail brands, restaurants and leisure attractions, the age profile of the area is gradually becoming younger. Read our full report to find out more about this phenomenon

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London and Paris Residential Market Report - July 2015

July 2015   This report, entitled A Tale of Two Cities, was commissioned to mark a new partnership between Chestertons, one of London's leading residential agents, and the well-established Consultants Immobilier, which has nine Paris offices and specialises in mid to upper-tier property sales and lettings. Read our full market update here.

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Bold Budget aims to unlock home ownership for generation rent

July 2015   The Chancellor has signalled the Government's intentions to boost home ownership – by committing to unlock development, improve access to mortgages and deposits for first-time buyers and reform inheritance tax to allow people to pass on more substantial inheritances to their family – in a relatively bold Budget welcomed by Chestertons, one of London's leading residential agents. O

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News update for Landlords

July 2015   Mortgage relief to be phased out for buy-to-let landlords The Chancellor George Osborne's summer Budget statement will impact the rented sector, with Right-to-Buy extended to those in Housing Association homes, and social housing tenants earning more than £30,000 – or £40,000 in London – being told to pay market rents or move out. The Chancellor also announced he would r

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Docklands property resilient

June 2015   Neither the political posturing between global banking corporations and the Treasury nor the looming spectre of a possible Grexit and the knock-on effect of possible contagion are unlikely to dent soaring sales and lettings in Canary Wharf and Docklands, according Chestertons. According to Cory Askew, Chestertons' Area Director of Sales and Lettings in Canary Wharf and Docklands, uncertainty o

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What To Wear at Chestertons Polo In The Park

June 2015   As a sport with a real heritage dating back almost 2,500 years, polo goes hand in hand with style. Polo games are social events where rural freedoms meet cosmopolitan refinery, and timeless elegance is more important than a passing trend. Chestertons Polo in the Park has gone to great lengths to make polo a more accessible sport to a wider audience and generation, but a big part of polo's appeal

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London Prime Residential Sales Report - Spring 2015

May 2015   Although activity in the prime London sales market was subdued over the first quarter, there was nonetheless a notable improvement compared to the last three months of last year. Applicant numbers rose by an encouraging 44% and new instructions were 39% higher, resulting in the quarter end available stock figure increasing by 6% compared to the previous quarter end.

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London needs 'virtuous circle of homes and jobs' to remain world-class

May 2015   The Chief Executive of London's top house-builders used an industry seminar hosted by Chestertons to call for a 'virtuous circle' of homes and jobs to keep London ahead of growing competition from China and the US and build on the resurgent housing market following the Conservative election victory earlier this month. Killian Hurley, CEO of Mount Anvil, joined a panel of experts including Jim P

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The History of Hurlingham

May 2015   In the relatively short space of time since Chestertons Polo in the Park was first held at the Hurlingham Club in 2009, it has managed to earn its place alongside Wimbledon, the Boat Race and the London Marathon as one of the capital's most popular sporting events. Today, Chestertons Polo in the Park is the biggest three-day polo event in the world, and it showcases some of the best players fro

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Election result will kickstart London property market

May 2015   The decisive result in yesterday's General Election has delivered a working Conservative majority, lifting the spectre of a Mansion Tax and major changes to private renting that had seen the London market almost grind to a halt. Leading London estate agent Chestertons now predicts both sales and lettings will once again explode into life, with sales of higher value properties set to soar and la

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Chestertons Polo in the Park - The Rules of Polo

May 2015   As proud sponsors of Chestertons Polo in the Park, we've put together a handy guide to the rules of polo Chestertons As proud sponsors of Chestertons Polo in the Park, taking place over the weekend of June 5th-7th, Chestertons has put together a handy guide to the rules of polo. In order to create a more inclusive, spectator-friendly game, Chestertons Polo in the Park has made a few changes to

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London Prime Residential Lettings Report - Spring 2015

May 2015   The signs of recovery apparent in Q4 last year gained traction in the first quarter of 2015 with all of the key indicators showing healthy uplift... Click here to read the full report.

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Property Promises

April 2015   Click here to see our property policies matrix Although all of the main parties have now released their party manifestos, it is very likely that none of them will get a clear majority at the General Election on 7 May, so there is limited value in looking at their policies in isolation. Instead, let's consider where the areas of common ground lie and what the insurmountable differences will

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Inside Mayfair Issue 1

April 2015   Read Inside Mayfair - Chestertons' incisive quarterly report on the property market and housing activity in Mayfair.

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How pensions changes affect the property market

March 2015   From 6th April, those with 'defined contribution' schemes now have unprecedented access to an estimated £67.5 billion of pension contributions. Nick Barnes, Head of Research Read more at http://www.chestertons.com/research-and-insight/insights/how-changes-to-pensions-from-april-6th-will-affect-the-property-market/#5yizQZUeJv3u6U8b.99There are around 18.4 million people currently aged 5

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London Prime Residential Lettings Report - Winter 2014-15

February 2015   2014 marked a turnaround in the fortunes of the prime London residential lettings market following a lengthy period of stagnation. The number of new applicants registered rose by 13% and agreed lets also increased, albeit by only a little under 1%. Available stock reduced by 13%, largely as a result of a number of landlords selling properties to take advantage of prices at or close to the peak.

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Quantitative Easing - February 2015

February 2015   Having hinted on several occasions since August last year that unless Eurozone inflation (currently running at a headline rate of -0.2% against a target rate of +2.0%) picked up the European Central Bank (ECB) would be forced to take further action to stimulate the member states' economies, ECB President Mario Draghi finally announced a major programme of quantitative easing (QE) on 22 January.

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London Prime Residential Sales Report - Winter 2014/15

February 2015   The final quarter of 2014 brought a further slowing in activity, with buyers and vendors more reluctant to commit to transactions. Read our full report here to hear our full review of the end of 2014/start of 2015.

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The future of London's residential market

December 2014   I would love for the government to stop meddling around with taxes and let us get on with building to meet the current undersupply of homes. Rob Perrins, Berkeley Group Property experts challenge government for 'more action and less talk' at Chestertons breakfast briefing More than 100 key players from the property industry joined Chestertons' exclusive breakfast briefing on 'The Future of Lond

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Autumn Statement Reaction

December 2014   Chancellor has revised the SDLT system by moving away from the old "slab" system to a "progressive" one and introducing new thresholds Robert Bartlett, CEO Chestertons Reaction To The Autumn Statement Following on from today's Autumn Statement, Robert Bartlett, CEO of Chestertons gives his reaction: With the General Election less than six months away, the Chancell

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Battersea Park branch opens - all about the area

November 2014   Battersea Park branch opens The world's eyes are on the regeneration of the iconic Power Station and the historic Nine Elms district Katie Wilson, Battersea Park Lettings Manager all about the area Chestertons has a very strong network over the River Thames and further into the South West; with sales success and demand keeping very well along the river, which our new branch will support. The

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London Prime Residential Lettings Report - Autumn 2014

November 2014   London's prime residential lettings market continued to improve during the third quarter, albeit conditions remained testing. Tenant demand increased, reflecting continued employment growth and ongoing affordability issues preventing access to the sales market.

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London Prime Residential Sales Report - Autumn 2014

November 2014   There are strong signs that the prime London market has reached its peak in the current cycle. The more subdued environment which characterised the Prime London residential property market in the second quarter continued throughout Q3 and now appears likely to persist for some time, possibly up until the General Election. Read our full report here.

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Chestertons Best of Hidden London

November 2014   When a man is tired of London, he is tired of life. Dr Samuel Johnson London has many famous sights and instantly recognisable landmarks, but hidden down the side streets and tucked away off the beaten track are many equally fascinating, lesser known sights to be enjoyed. This booklet celebrates those hidden gems and shows you the sights of London that are often overlooked. Enjoy reading ab

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Lets with Pets

October 2014   Chestertons is proud to support Dogs Trust's scheme. With over 30 offices across London, Chestertons is one of the largest estate agents in London and, with our award-winning Lettings division, we help literally thousands of people find rented accommodation every year. As a supporter of the scheme, we undertake to encourage our landlords to consider letting their properties to tenants with pet

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London Prime Residential Sales Report - Summer 2014

September 2014   The prime London residential sales market appears to be reaching a plateau with the second quarter marking a distinct change in attitude on the part of both buyers and vendors. Many buyers became noticeably more nervous about pricing both in terms of the sustainability of recent growth rates and with regard to value for money.

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London Prime Residential Lettings Report -Summer 2014

August 2014   With the economic recovery gathering momentum and simultaneously boosting the employment market, households are feeling more confident about property commitments.

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Housing market faces potential double whammy

July 2014   UK household debt at the end of March 2014 reached its highest level since 2009. Nick Barnes, Head of Research The warning from Bank of England Governor Mark Carney at the recent Mansion House dinner that Bank Rate could rise earlier than anticipated - possibly by early next year – is likely to set alarm bells ringing in the housing market. This concern will be enhanced by the p

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Housing market recovery continues but regional imbalance remains

April 2013   Surplus public land needs to be released, much more quickly and with fast track planning consent. Nick Barnes The housing market shows continued signs of recovery, however, there remains considerable regional variation. HMRC reports that transaction numbers rose by 6.3% in February; which is up by 7.3% compared to February 2012. Whilst Land Registry data points to modest price growth – av

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Will the Olympics be good for London?

July 2012   I remember arriving in Barcelona in 1992 and the excitement about the Olympics had evidently given the city a huge lift. Robert Bartlett Robert Bartlett, Chestertons' CEO and a former rower who represented team GB in the 1992 Barcelona Olympics, takes a look at how the previous two European cities to stage the games fared afterwards. Barcelona 1992 The 1992 Barcelona Olympics were extremely

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In the fields of Chelsea

September 2011   I have recently completed the history of a house in a quiet terraced row off Fulham Road in London. Today, the house sits within a popular location in sought-after Chelsea, but when the house was first built it sat in amongst fields and market gardens. Seymour Walk - Chelsea No.36 Seymour Walk was completed in the early years of the 19th century, around 1810, in a small village known as 'Li

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Victorian Stafford Terrace - Kensington

February 2011   Terraced houses in Stafford Terrace Stafford Terrace is one of many streets laid out during the mid-Victorian period as part of developments on the Phillimore Estate. The Phillimore Estate was acquired in the early 18th century, but can actually be traced back to 1612 when it is believed Baptist Hicks won the estate in a card game with neighbouring landowner Sir Walter Cope of Holland House

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