There is no greater reward for an agent than helping a first-time buyer take their first step on the property ladder. It could signify independence from the family home, a first pad in London, or an opportunity to exercise creative urges and restore a property.
It’s the beginning of a journey which will last a lifetime. 2016 was particularly pleasing for our Sales teams here at our Portico Highbury and Islington Offices. Having the resources available to offer a number of great options, assist with finance, or just provide a little advice can make all the difference to our buyers, and to be able to deliver a fantastic service makes working in property such a gratifying experience.
Changes in the market, new customs, and ever shifting legislation can disorientate landlords and vendors as much as tenants and buyers. New impositions on stamp duty, obstructing existing homeowners from developing buy-to-let portfolios proved particularly divisive in 2016. Equally, landlords who’ve successfully built small portfolios will also be targeted in 2017, and those whose residual income begins to create negative cash flow as a result of the ‘Tenant Tax’ will look to offer lower yielding units to the open market again. Housing is such a tactile investment, and responsible landlords hoping to improve a property and deliver a great new home are being discouraged as changes favour corporate and institutional speculation.
The Highbury market is dominated by fantastic one, two, and three bedroom property. From the exclusive environments at Highbury Stadium Square and Loxford House to those seductive smaller freehold homes across rows of mid-Victorian avenues; there is something for weightier as well as more conservative budgets, and our local Office would be pleased to provide the guidance new and experienced entrants to the housing market this year.
Ed - Highbury Sales & Lettings Manager - Winter 2016