Development Properties For Sale

Paramount Investments specialise in the sale of distressed residential and commercial properties such as unmodernised buildings, brown field sites and run down, derelict, empty or vacant properties suitable for redevelopment, renovation, repair, refurbishment or restoration.

Paramount offer residential and commercial development properties for sale in London, Glasgow, Birmingham, Manchester, Sheffield, Leeds, Liverpool, Bristol, Cardiff, Leicester, Hull, Belfast and Bradford.

Banksy West End Lane, West Hampstead

Click the link to see the work by Banksy in West End Lane, West Hampstead, London, NW6.

Thanks to @bubela and @lisafparry

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Rightmove July 2010 House Price Index

Key Points;

New sellers drop asking prices for the first time this year, down by 0.6% (£1,435)

Over 30,000 properties coming to market a week, up by 45% compared to July last year

22% increase in sellers coming to the market following suspension of HIPs results in large jump in unsold stock

Number of unsold homes per agent jumps by almost 25% in the first half of the year as new sellers outnumber new mortgage approvals by 5:2

Rightmove HPI July 2010

UK Estate Agents Expecting House Price Drop

Bloomburg Business Reports; U.K. real-estate agents are losing faith in the outlook for house prices, signalling values are set to fall this year, according to KBC Peel Hunt.

The CHART OF THE DAY compares the balance between British estate agents and surveyors seeing price gains in the previous three months and those seeing declines, as compiled by the Royal Institution of Chartered Surveyors, with the annual growth in sellers’ asking prices as measured by Rightmove Plc.

Britain’s housing-market recovery has shown signs of slowing this year as the RICS balance dropped from a three-year high in November to its lowest in 11 months in June. That signals values are set to fall later this year, said KBC Peel Hunt housing analyst Robin Hardy. Home sellers cut prices for the first time this year in July, Rightmove said yesterday.

“It’s a leading indicator that is showing the people who set pricing are losing confidence in the strength of pricing,” London-based Hardy said, referring to RICS. “If they tell you that house prices are going to fall, they’re telling you they’re going to be advising people to cut their prices. It’s as good as going and spraying it on a wall with aerosol cans.”

The average asking price for a U.K. house fell 0.6 percent this month and will drop 7 percent in the second half, said Rightmove, the operator of Britain’s biggest property website. The deepest government spending cuts since World War II to curb the record deficit and an increase in the number of homes being put up for sale will put pressure on prices, Hardy said.

“We’re probably looking at a drop of 4 percent in 2010 and why would that trend reverse in 2011?” he said. “There’s going to be property coming back on to the market in greater quantities and there’s going to be fewer and fewer people to buy them. It’s the creation of a negative pricing spiral.”

Estate Agents Bite Back

In answer to the question Estate agents. Spawn of Satan, or hard-working, knowledgeable folk? posed by Liz Jones in the Daily Mail today, a number of Estate agents answered her moans;

I owned an agency for some years and what most people dont understand is, that when it comes to selling THEIR OWN properties, they turn from being reasonable people into greedy people, pointing out all the top selling prices of their friends in the street, or examples of "how much that one went for". The usually dont go with the figure valued by the agent, and ALWAYS want to add another 20/30% to the price, making it OVERPRICED. So who is the greedy one here? The agent? The AGENT only values the house - then ALL the other agents OVER value it KNOWING that the other agent might get the business.

Either way, the OWNER of the house is the one who takes the offer and is ultermately responsible for the price of his house. Thats why the overpriced ones sit on the market with all the other overpriced ones, because of greedy owners. Everyone automatically thinks, since Sarah Beeney in the 90s, that thier family home is a free ticket to money and not a place to live anymore.
- John West (like the Tuna), Spain,

Read more:

Residential Property Supply Hits an All Time Low

The dearth in available rental properties is worsening, according to research out today from the Association of Residential Lettings Agents (ARLA).

Almost three quarters (70 per cent) of ARLA member offices say that there are more tenants than available properties. This is an increase from 59 per cent last quarter and 24 per cent in September 2009.

The situation is particularly pertinent in the South East, where 76 per cent of member offices report more tenants than properties.

Ian Potter, operations manager of ARLA, said: “The spring period would usually see a rise in rental properties coming onto the market, and although there is some evidence of landlords considering selling up, it is not enough to counteract the change in supply.

“This situation has been deteriorating rapidly in recent months, as the supply and demand of homes to buy is also swinging out of kilter – making the prospect of a severe rental housing shortage ever more likely.

Location, Location, Location

A Nationwide Building Society has produced a study which shows that people looking for a home in London pay a higher price for the convenience of living close to local transport links. Of course, close vicinity to any local amenities will have an impact on asking prices for any London property.

However the amount of premium may surprise; up to £20,000 for a property that is 500 metres away from the nearest tube or train station, as compared to a house of a similar standard that is 1,500 metres from a public transport link.

London property sales news

Paramount Properties are North West London estate agents, based in West Hampstead, specialising in London Property Sales, London Property Lettings, London Property Management, UK Property Investments & Development Property Sales,

Paramount Magazine provides essential reading for anyone involved or considering buying, selling, renting or letting a commercial or residential property in London. Our website brings you the latest London property news, reports, analysis.and local information you will need to research the London property sales, lettings and investment markets, as well as property, investments, sales and rentals search facilities.

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Residential Property Values Increase Most in London and southern England

RLA reports that Britain saw a 3% increase in residential property values during the first half of 2010, but real estate prices rose most significantly in southern England, according to figures released by Nationwide. Compared to a year ago, residential property rates are up by 8.9%. The increase in prices, however, slowed to 0.1% in June and Nationwide believes that rates may fall later in the year.

Southern England performed better than other regions, with the average price of a residential property rising by 12.5% over the past 12 months. During the second quarter, property rates in the South-West increased by 3%, although separate figures released by the Land Registry suggest that rates fell slightly (0.2%) in June. London, however, continued to lead the country in terms of overall value increases. London-area residential property prices increased by 13.2% since June 2009. But not all parts of the UK saw significant rises in values. Both Scotland and Wales underperformed compared to England’s property market and Nationwide found that rates in Northern Ireland actually declined.

The average price of a home in Britain now stands at £170,111, but the inflation in real estate prices may decrease due to a rise in the supply of properties for sale. Martin Gahbauer, a senior economist affiliated with Nationwide, noted that the new government decision to eliminate Home Information Packs may have helped spark the rise in supply of properties. At the same time, demand appears to remain stable and this may explain why prices are rising at a slower rate.

London Investment Property With Planning

Honor Oak
Honor Oak Park
London
Greater London
SE23

Greater London Freehold Property For Sale £ 850,000

A freehold site with planning permission for the demolition of existing garages and the construction of a courtyard development of 7 units .

The permission provides for 2 x 1 bedroom houses, 2 x 3 bedroom houses, 1 x 1 bedroom courtyard house, and a conversion of a former stable into 2 x 1 bedroom houses.

This is an exciting scheme which we feel will generate substantial interest.

The site is situated close to Honor Oak British Rail Station and close to Peckham Rye Park.

Honour Oak Park London SE23

London Residential Property For Sale

London Property For Sale

Commercial Road
London
Greater London
E14

£ 180,000 Leasehold

An attractive Georgian end of terrace property situated along Commercial Road (A13) at its junction with Basin Approach.

We are offering a ground and lower ground floor garden maisonette comprising two bedrooms and ancillary accommodation.

The flat is occupied by a regulated tenant paying £94 pw.

London Residential Property For Sale