Brexit debacle does nothing to stem flow of foreign investment into UK, with regional cities emerging on top

Brexit debacle does nothing to stem flow of foreign investment into UK, with regional cities emerging on top

United Kingdom World ,
  • Manchester-Liverpool metropolitan area among top 10 global cities for foreign direct investment (IBM)
  • West Midlands is only UK region to see both FDI projects and jobs created increase (Department for International Trade)
  • Pace of FDI shows confidence in UK’s resilience and importance of regional cities (Surrenden Invest)

As we inch ever closer to a no deal Brexit, it’s easy to imagine the rest of Europe enjoying a quiet laugh at the UK’s expense. However, investors around the world are standing up to be counted and showing that they are interested in the UK for the long term, irrespective of Brexit.

Two studies have recently highlighted the importance of the UK to the global investment community – specifically, the importance of the UK’s regional cities. IBM’s 2017 Global Location Trends report looked at the world’s top cities for foreign direct investment (FDI). The annual report compares metropolitan areas based on equal labour catchment areas, for a truer comparison. Using that methodology, the Manchester-Liverpool metropolitan area ranked tenth in the world for FDI, placing it in the league of cities such as London, Paris, Singapore, Amsterdam and Dubai. It beat the likes of Barcelona, Toronto and Dublin to make it to the tenth spot.

According to IBM, Manchester and Liverpool jointly pulled in the tenth highest number of FDI projects of any global city in 2017. In doing so, they created some 7,000 jobs.

“It’s brilliant to see Manchester and Liverpool rubbing shoulders with the world’s top cities. Both have undergone extensive regeneration over the past couple of decades, positioning themselves to compete globally at this level. Manchester has established itself as the UK’s creative and media hub, while Liverpool’s health and life science sectors, and digital manufacturing industry, are truly world-class.”

Jonathan Stephens, MD, Surrenden Invest

Foreign direct investment has not been limited to these sectors. Far from it. Both cities have enjoyed keen interest in their property sectors too, as the UK’s need for far more rental homes than it currently has available, has attracted overseas investors in their droves. Prime developments such as Manchester’s Ancoats Gardens, with its outstanding roof garden, vast 1,715 square foot gym and on-site coffee lounge, or the 139 high-spec homes at The Tannery in Liverpool, which are available from as little as £85,000, provide precisely the easy route into the UK property market that many foreign investors are seeking.

Further research by Foundation Home Loans has contributed to the sense of long-term security that investment in sectors such as buy-to-let in the UK brings with it. The company found that 18% of landlords plan to remain active in the sector indefinitely, versus just 6% who are considering exiting the buy-to-let market in the next year or two.

“What several of the latest research pieces are showing is that investors are looking to keep their money in the UK over the longer term, despite the continued blustering that we read daily about the Brexit debacle. Behind the scenes, investors are letting their funds speak for themselves.”

Jonathan Stephens, MD, Surrenden Invest

The second piece of research to flag up the importance of one of the UK’s regional markets is from the Department for International Trade. The study found that the West Midlands was the only region in the UK to experience a rise in both FDI projects and the number of jobs recorded compared with a year previously. These increased by 13% and 43% respectively.

At the core of the West Midlands, Birmingham is another regional city that is firmly on international (as well as domestic) investors’ maps. Again, the city’s property market in particular is charming investors from around the globe. Developments such as Westminster Works, in the city’s investment hotspot of Digbeth, offer a global standard of urban living that appeals to investors and tenants in equal measure.

“FDI in the UK is here to stay. The property market in particular has a compelling case for its long term viability. The UK can’t build houses fast enough to house its expanding population and is over a decade behind where it needs to be in terms of the number of homes. Coupled with a rise in the appeal of city centre living, this has created an excellent environment for investors from overseas who are looking to commit their funds to exciting regional cities.”

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Terrific terraces – The sky’s the limit in Hayes!

Terrific terraces – The sky’s the limit in Hayes!

United Kingdom , ,

 

  • Planning permission granted for stunning new roof terrace at the Gatefold Building
  • Fifth floor terrace will include gardening pods and pergolas
  • New rooftop gardens to further enhance Gatefold Building’s reputation as Hayes’ premiere residential accommodation

The London Borough of Hillingdon’s motto is “Putting our residents first,” and that is precisely what the local planning team is doing. The team has just granted planning permission for a stunning new roof terrace that will top the Gatefold Building in Hayes. The move will bring a host of new features to residents of the Gatefold Building, enriching their experience of urban living in Hayes.

 “Creating a strong sense of community is integral to the vision behind Build to Rent accommodation. It is part of what sets its aside from other rental developments. Since launching the Gatefold Building, we’ve worked to create a welcoming, friendly local community. Now, it’s time to step that up to the next level, providing residents with additional social and recreational spaces that have been designed in accordance with their feedback.”

Hayley Wills, Area Manager, be:here Hayes

The exciting roof terrace area will include a host of community-friendly features, including three ‘pod’ seating areas and two pergolas. In addition, trellising, seating, decking, planting and associated furniture will delight all those with green fingers.

The Gatefold Building already has a reputation for pushing the boundaries of want renters in Hayes can expect from their homes. The 119 one, two and three bedroom apartments provide a pet-friendly community living experience that comes complete with hotel-inspired services such as a concierge, on-site maintenance team and free super-fast broadband.

The fifth floor roof terrace’s focus on gardening is in response to resident demand. It has been designed to offer a unique recreational space that residents can use flexibly, depending on what they want from it. From a quick drink after work to growing blooms worthy of the Chelsea Flower Show, the space will satisfy the needs of Hayes’ renters in a way that no development has done before.

“Following a focus group with our residents in Hayes, and based on their feedback we have plans in place to install gardening pods on the new roof terrace as part of the development plans. The gardening pods will be available for Gatefold Building residents only and enable those with green fingers to grow their own plants in a dedicated, safe and secure environment.”

Hayley Wills, Area Manager, be:here Hayes

With planning permission granted, the be:here Hayes team can progress with developing the new roof terrace for residents’ enjoyment. The stylish design has been carefully crafted to balance a sense of space and serenity with a welcoming community vibe. The same balance is evident throughout the development, which provides a sense of calm and space for residents, while also providing them with access to the vibrant Old Vinyl Factory development, which will include restaurants, leisure facilities and a music venue in honour of the site’s previous incarnation as an EMI factory.

Residents of the Gatefold Building already enjoy a superior accommodation experience. Now, with work on the terrific roof terrace due to commence shortly, they can look forward to soon being part of Hayes’ most exciting residential outdoor space as well.

Prices at the Gatefold Building start from £1,300 pcm.

For the latest availability and any questions, please contact the be:here team directly on 0203 845 4796 or visit http://www.behere-hayes.co.uk/

Newcastle’s tallest ever crane heralds new era for city’s property market

Newcastle’s tallest ever crane heralds new era for city’s property market

United Kingdom ,

 

  • 110m loughing crane believed to be largest ever used in Newcastle (High Street Residential)
  • Development will be visible from most approaches into the city
  • Hadrian’s Tower to be Newcastle’s tallest building (Surrenden Invest)

The installation of a 110m tall loughing crane over the August bank holiday weekend will mark a new era for Newcastle’s residential accommodation, according to leading property investment agency Surrenden Invest. The crane is being installed to enable the next phase in the erection of Hadrian’s Tower, a residential development that will become the city’s tallest building.

At 27-storeys tall, Hadrian’s Tower will be an exciting new addition to the Newcastle skyline. The apartment block is set to usher in a new style of chic, urban homes, with residents benefitting from a range of on-site amenities. These will include a 24/7 hotel-style concierge service, a café and touchdown meeting points. The crowning glory will be the stunning sky lounge, which will offer unsurpassed views across Newcastle.

“Hadrian’s Tower is an incredibly exciting development to bring to Newcastle, as it will mark the start of a new phase for the city’s property market. We’re seeking to raise expectations with accommodation of this standard and to inspire the future of residential accommodation in the city as a result. Using the tallest crane that the city has ever seen plays a big role in that, not just from the physical build perspective but also from the psychological point of marking the start of a new era.”

Jonathan Stephens, MD, Surrenden Invest

With an eight-tonne load capacity, the 110 metre loughing crane, which has a reach of 127 metres, will be used to lift everything from concrete slabs to plasterboard to cladding materials.

“This is a complex operation, due to the size of the crane. Even the mobile crane that is used to install it is enormous. Depending on the weather, we’ll be looking to have the Hadrian’s Tower crane in place by the end of Sunday 26 August. It will then remain on site for a year and the development will be visible from most entry points into the city during that time.

“We believe this will be the tallest crane that has ever been used in Newcastle. The angle of the loughing jib means that the whole structure will have a reach of 127 metres. I can’t see any reason why any of the city’s current buildings would have required a crane of this scale.”

Keith McDougall, Operations Director, High Street Residential Ltd

The crane’s installation marks an exciting stage in the building’s progression and is expected to generate considerable local interest. According to Surrenden Invest, it also signifies the city’s arrival on the global investment map.

“There’s no doubt that Newcastle has ‘arrived’ in terms of its investment credentials. We’re talking to a lot of investors who are keen to be part of the city’s future. There’s already plenty of regeneration work underway in Newcastle and some really exciting schemes, but nothing of this height. That’s why we’re so excited to be part of this step-change for the city’s property market.”

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Why is it that prime property buyers just can’t get enough of Birmingham?

Why is it that prime property buyers just can’t get enough of Birmingham?

United Kingdom ,
  • Prime Birmingham residential values to hit £500 PSF by 2020 (Knight Frank)
  • West Midlands property prices rising at fastest rate in UK (Halifax)
  • Birmingham’s innovation and dynamism, along with HS2, capture attention of overseas investors (Surrenden Invest)

It wasn’t too long ago that those with a passion for property almost took pride in never looking further than the prime London property market. Now, however, it is Birmingham that has captured investors’ imaginations – and for more than purely financial reasons.

“Property investment is fundamentally about making money, but as the buy-to-let market has matured, we’ve seen a shift in investors’ outlook. There’s something compelling about owning a property in Birmingham and investors are keen to be part of the action. It’s a city with a real buzz about it, so while London stagnates, investors are seeking to be a part of the action in Birmingham.”

Jonathan Stephens, MD, Surrenden Invest

The UK’s second city certainly has the right credentials in terms of its numbers. The West Midlands housing market saw annual house price growth of 7% during Q2 2018, according to Halifax, meaning that prices there are rising significantly faster than anywhere else in the UK (the next highest house price increases were in Wales and Scotland, which both recorded growth of 3.7%). Within Birmingham itself, the pace of increase appears to be even faster, with Hometrack’s UK Cities House Price Index reporting a rise of 2.9% in the past year alone.

But price rises are only half of the story when it comes to Birmingham. The city also provides exceptional value in terms of its asking prices. The average Birmingham property costs just £161,100. That’s cheaper than the average for Manchester, Leicester, Leeds and a wide range of other regional cities. It’s also well below the UK average of £218,600, according to Hometrack’s figures.

The story so far as prime city centre property is concerned is even more compelling. In London, prime sales volumes have plummeted by 16.9% over the past year, according to the Q2 2018 Coutts London Prime Property Index, while prices have fallen by 1.7%. This is in stark contrast to Birmingham, where Knight Frank has projected that prime residential values will continue rising, hitting £500 per square foot by 2020.

“The numbers stack up so well in Birmingham that it’s easy to see why the city’s prime residential market has captured such attention both within the UK and overseas. A range of other factors come into play too. Birmingham is known for its striking, modern architecture and has an outstanding reputation as a shopping and leisure destination. Cultural pursuits and economic opportunities abound and the city has become a magnet for big businesses looking to relocate away from the expense and congestion of London.”

Jonathan Stephens, MD, Surrenden Invest

HSBC, Barclays, Deutsche Bank and HMRC are among those to have been drawn to Birmingham in recent years. Now, the city is also among the top three options for the location of Channel 4’s new headquarters. And still property prices remain well below the UK average.

HS2 has played an important role in elevating Birmingham in the eyes of investors in recent years. The high speed network has pushed forward a number of regeneration schemes within the city, with enhanced connectivity to London and Europe seen as a key driver for Birmingham’s rising reputation overseas. Regeneration work is widespread, with areas such as Digbeth and Smithfield benefitting particularly.

“One of the most notable things we’re seeing about the investment that is pouring into Birmingham is the focus on city centre living. Residences in the vicinity of iconic buildings, such as the Bullring or the Mailbox, are commanding attention from investors looking for premium properties in top locations.”

Jonathan Stephens, MD, Surrenden Invest

Interest in the city is so strong that leading property investment agency Surrenden Invest has been taken aback at the speed with which homes at its Westminster Works development are selling. Priced from £165,000, the properties provide investors with a 5% NET yield and plenty of scope for capital growth. The Surrenden Invest team is now poised to unveil a further Birmingham development, in close proximity to the Mailbox, although further details of this are currently being kept under wraps. One thing is for certain though – in this dynamic and fast-paced city, the next innovation is just around the corner.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Hayes & Harlington station upgrades to boost Hayes’ property hotspot credentials

Hayes & Harlington station upgrades to boost Hayes’ property hotspot credentials

United Kingdom
  • Crossrail improvements will see new a station for Hayes & Harlington
  • Elizabeth Line to slash journey times to central London
  • Gatefold Building demonstrates residential services improving hand-in-hand with travel services

 

150 years ago, the opening of Hayes & Harlington station led to a dramatic shift in Hayes’ fortunes. Now, with Hayes & Harlington due to become part of the Crossrail network, improvement works are transforming the area around the station once more, adding to Hayes’ already strong credentials as one of West London’s most attractive residential locations.

Elizabeth Line services will start running from Hayes & Harlington station in 2019. The reduced journey times from Hayes into central London (Bond Street and Farringdon will be accessible in 25 minutes, Canary Wharf in 34) are expected to lead to a surge in use of the station. At the same time, the Mayor of London has committed to increasing train services to Hayes & Harlington to ten trains per hour during peak periods, which is again expected to drive up usage.

In light of this anticipated increase in use, works have been planned to help the station adjust to the increased footfall. Rather than simply undergo a makeover, Hayes & Harlington will be transformed into a brand-new station. The existing station, which is built on a bridge above the train tracks, will be replaced with a brand-new station just to the north. Like all stations on the Elizabeth Line, it will provide step-free access to all trains.

 “Hayes is a wonderfully dynamic location – particularly the area by the station where the Old Vinyl Factory is located on the former EMI record plant site. There is so much regeneration work going on that there’s a real sense of purpose and excitement in the area. That’s why we knew it was the ideal location for an exciting new standard of residential accommodation.”

Hayley Wills, Area Manager, be:here Hayes

 

 

Just a three-minute walk from Hayes & Harlington station, the Gatefold Building is providing Hayes residents not just with superior quality homes, but with an outstanding array of on-site amenities. The spacious, open plan apartments have been purpose-designed with renters and sharers in mind, making them ideal for contemporary professionals. Large, airy kitchens and living rooms open onto either a garden or a balcony, while bedrooms have en-suite bathrooms wherever possible. Tasteful, durable designer furniture from Habitat also means that residents can live in style, just minutes from an easy connection to London.

The area surrounding Hayes & Harlington station will be upgraded in order to cope with the increase in traffic on nearby roads. Additional provision will also be made for those accessing the station on foot and by bicycle. The planned improvement works will also see a ramp created from Station Road to Blyth Road, meaning that disabled access from the Gatefold Building to Hayes & Harlington will be improved.

The investment in Hayes’ future as a result of the Crossrail improvement mirrors that taking place on the Old Vinyl Factory site. Whichever angle you look at it from, Hayes is undergoing significant change, with services being upgraded as well as the physical environment. At the Gatefold Building, for example, residents enjoy their own dedicated on-site management team, an online tenancy process, free broadband and a host of other benefits.

“The introduction of the Gatefold Building and the surrounding amenities has provided Hayes’ residents with a superior way to live. Now, the Crossrail benefits are providing them with a superior way to travel. Hayes has always had plenty to offer, but now it’s becoming a real property hotspot as a result of so much investment in the area’s future.”

Hayley Wills, Area Manager, be:here Hayes

 

Prices at the Gatefold Building’s 119 apartments start from £1,250 pcm for a one-bedroom apartment and from £1,450 for a two-bedroom home.

For the latest availability and any questions, please contact the be:here team directly on 0203 845 4796 or visit http://www.behere-hayes.co.uk/

Hayes celebrates Love Parks Week with 12 Green Flags awarded in 2018

Hayes celebrates Love Parks Week with 12 Green Flags awarded in 2018

United Kingdom
  • 75% of children want to spend more time outdoors (Keep Britain Tidy)
  • Love Parks Week runs until 22nd July 2018
  • Gatefold Building in Hayes has built outdoor lifestyle into every home (be:here)
  • 12 Green flags mean Hayes residents have easy access to green space

 

Marked by the international Green Flag awards, announced on 16 July 2018, Loves Parks Week runs from 13 to 22 July 2018 with the West London town of Hayes scooping an impressive 12 Green Flags for its unique offering of parks, meadowland, garden centres and open spaces.

“Outdoor space is very important to community life in Hayes. The town is the perfect blend of urban life and rural pursuits. Charing Cross is just 13 miles away, meaning that Hayes is well connected for those working and playing in London. However, the town also has a thriving local community to whom outdoor pursuits are very important.”

Hayley Wills, Area Manager, be:here Hayes

 

Research from Keep Britain Tidy shows that 75% of children want to spend more time outdoors, with the average child visiting outdoor spaces three times per week. Sadly, parents report that they don’t have time to take their children to the park, with this being cited as the main reason for their children’s lack of time outdoors. However, the abundance of parkland on offer in areas like Hayes can help to combat this. By opting to live in an area with so many Green Flags, parents never need go far in order to allow their children the freedom to run and play in the great outdoors.

At the popular Gatefold Building, which is brought to Hayes residents by the innovative be:here, outdoor space is included as a valuable element of everyday life. Every home comes with outdoor space – many have balconies, while others have their own 30 foot private gardens, which are ideal for children who want to spend more time outdoors (as well as for cats and dogs – the Gatefold Building has a pet-friendly policy that welcomes four-legged family members). Not only that but residents can also enjoy the 7,000 sq ft roof terrace with seating areas, planting and superb views over Hayes.

“Spending time outside is such a valuable part of childhood – as well as being important during adulthood! – and that’s why we wanted to build outdoor space into every home at the Gatefold Building. It’s fantastic to know that the local area is facilitating this too, with 12 Green Flags awarded in 2018, in recognition of the natural beauty and open spaces that we are so lucky to have in and around Hayes.”

Hayley Wills, Area Manager, be:here Hayes

 

The Gatefold Building offers a host of other benefits, as well as outdoor space. A dedicated on-site management team is available to assist residents with any queries they may have and provide peace of mind, while broadband is provided free of charge. Residents also get free phone lines, with evening and weekend calls to local and national destinations included. There are no fees bar a £300 reservation charge, which is then applied towards the first month’s rent.

“We’ve built fresh air and a fresh approach into every element of life at the Gatefold Building. Hayes is a wonderful town to call home and we are proud to offer apartments here that are a cut above the rest. Fantastic connectivity, a thriving local business and retail environment and now a host of award-winning green spaces – Hayes really does have the whole package.”

Hayley Wills, Area Manager, be:here Hayes

 

The 119 apartments at The Gatefold Building are available from £1,250 pcm for a one-bedroom home and from £1,450 for a two-bed.

For the latest availability and any questions, please contact the be:here team directly on 0203 845 4796 or visit http://www.behere-hayes.co.uk/

Regional property markets race to catch the capital

Regional property markets race to catch the capital

United Kingdom ,
  • Property price gap between London and other cities to narrow over next 1-2 years (Hometrack)
  • Tax changes driving shift in regular market cycles (Surrenden Invest)
  • Edinburgh, Manchester and Birmingham enjoying annual price rises of 6.5% and above

 

The latest Hometrack UK Cities House Price Index projects a narrowing of the property price gap between London and the UK’s other cities over the next year or two. For investors, the choice is clear – regional cities are the place to be if they wish to profit from property. But are we at risk of completing the same cycle as we saw just over a decade ago, or has the market learned from its previous mistakes?

“While many factors mirror the housing market’s performance back in the early 2000s, there are some substantial differences that look set to bring about different outcomes from this state in the cycle. Tax changes are playing a key role in this, as are the rising quality and security standards of regional city developments.”

Jonathan Stephens, MD, Surrenden Invest

At present, house price inflation stands at 4.3% for the UK as a whole over the past year. For London, the figure drops to just 0.4% over the same period. Edinburgh has seen the highest increase in values, at 7.1% over the year to April 2018, closely followed by Manchester, at 7.0%.  Birmingham also fared far better than average, at 6.5%, as did Liverpool, at 5.9%.

The regional success stories stand in stark contrast to the price falls seen in 20 of London’s 33 local authorities. Developments such as Westminster Works in Birmingham are thus offering investors far more potential for capital growth, as well as healthy yields. Ideally positioned to benefit from the HS2 Curzon Street station scheme, as well as the redevelopment taking place as part of the Smithfield masterplan, the premium apartments are raising the bar for rental accommodation in Birmingham. The luxurious apartments come with a range of top facilities, including a concierge service, secure on-site parking and smart home, eco-friendly technology in every home.

The same trend of the regions racing to catch up with London’s prices occurred between 2002 and 2005, when London saw weak growth after a period of strong performance from 1996 to 2000. Regional markets had lagged behind, but began reporting strong performance from 2001 onwards, thus narrowing the price gap.

However, leading property investment agency Surrenden Invest is quick to point out that the current market has a number of significant differences to that of the early to mid 2000s. While the cycle appears similar, secondary cities may actually stand a more realistic chance of catching up to London’s prices than they did previously.

“People have been saying that London is too expensive since before Black Monday in 1987, yet over the last 30 years property prices there have grown enormously. Still, there comes a point when a market becomes too expensive to bounce back quickly, even when there are chronic underlying supply issues, as is the case with London. The city remains one of the world’s most significant and sophisticated property markets, but that doesn’t mean that it can’t suffer a sharp, swift price correction – or that it could quickly recover from such an occurrence.”

Jonathan Stephens, MD, Surrenden Invest

In previous property market cycles, the regions have narrowed the price gap between their cities and London, only for London’s prices to race ahead once more. This time, though, the quality, security and corporate governance of nationwide developers are far stronger than they were even ten years ago. Previously a concern for risk-averse buyers, these strong credentials – and the attractive yields on offer – mean that regional cities stand a good chance of catching up to London’s prices outside of the standard cycles that we’ve seen over the past 20 years.

Another contributing factor is the new Stamp Duty regime. Many of London’s properties are located in prime and super prime locations, costing upwards of £1 million. The sale of those properties has been significantly hampered by the higher tax rates, as well as the additional 3% charge on second homes. With regional properties available for significantly less money, the tax burden is reduced sufficiently to make regional property purchases more attractive than London ones in the eyes of many investors.

“Are we likely to see the regions catch up relative to London in terms of their property prices? Probably not, as London remains a uniquely appealing market. However, what we are likely to see is a sustained and significant narrowing of the price gap, as regional cities hold fast in the wake of London’s price correction.”

 Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Staying local but living better: Understanding the appeal of Build to Rent

Staying local but living better: Understanding the appeal of Build to Rent

United Kingdom
  • Build to Rent, a new way of renting (be:here)
  • New developments driving up standards for renters across the UK
  • Increased choice, enhanced facilities and superb customer service all cornerstones of the Build to Rent offering

 

Build to Rent is catching on fast, as the UK races to meet the needs of its increasing cohort of private renters. Those developers leading the field, such as the innovative be:here – the brand behind Hayes’ popular Gatefold Building – are shaping the future of urban accommodation. But what is it about Build to Rent that appeals so much to tenants?

 “Tenants have for too long had to live with limited choices and a lack of attention to their needs. Build to Rent has the capacity to change all of that. The UK’s private renters no longer have only limited and ill-conceived rental options at their disposal. Now, they can choose a home that is bright, spacious and purpose-built for renters with superb customer service in the form of an on-site management team. It’s renting for the modern day and age.”

Hayley Wills, Area Manager, be:here Hayes

 

For 33-year-old Michelle, an NHS Business Manager, Build to Rent was the perfect solution. Michelle loved living in Hayes, with its easy travel links in and out of London, and the new developments and shops resulting from the area’s modernisation. She wanted to continue living locally, but was unhappy with the standard of her privately rented accommodation. Build to Rent offered the perfect solution, allowing her to remain local but choose a better living environment.

“I wanted to remain local to the area, and The Gatefold Building was a new build home with parking. The flat is more spacious, for a reasonable increase in the rent we were paying.

Michelle, resident, be:here Hayes

 

Since moving into The Gatefold Building in July 2017, Michelle has been enjoying a superior home environment that affords her more freedom than a traditional private rented home would. Local residents looking for something better than the norm can enjoy be:here’s welcoming, pet-friendly approach, low deposits (just a month’s rent), three year tenancies and Habitat furnishings.

Build to Rent developments also provide a strong sense of community. The Gatefold Building hosts regular social events for residents and Michelle has highlighted the friendliness of her neighbours as one of the many advantages of living in a purpose-built rental home. She also flagged up the peaceful nature of the development and the reassuring presence of the reception services, which provide residents with support should they need it.

Michelle has also taken advantage of be:here’s policy of welcoming pets on site, sharing her apartment with five fish!

“The Build to Rent sector is able to provide not just purposefully designed apartments, but also longer-term tenancies, zero fees and shared facilities and services that give residents more than the traditional private rented sector can offer. The overall package is light years ahead of anything that tenants could expect even a few years ago. It’s exciting to be at the forefront of developing such services and to play a role in driving up rental standards and aspirations across the UK as a result, by delivering something that has all the advantages of a local service, but is fundamentally better than anything already available.”

Hayley Wills, Area Manager, be:here Hayes

Apartments at The Gatefold Building are available from £1,250.00 pcm for a one-bedroom home and from £1,475.00 for a two-bed. Every home comes with outdoor space in the form of either a garden or a balcony.

For the latest availability and any questions, please contact the be:here team directly on 0203 845 4796 or visit http://www.behere-hayes.co.uk/

Surge in demand for secure, lock up and leave London homes boosts capital’s Build to Rent appeal

Surge in demand for secure, lock up and leave London homes boosts capital’s Build to Rent appeal

United Kingdom
  • Demand for lock up and leave homes increasing (be:here)
  • Average number of holidays abroad rose to 1.7 per person in 2017 (Statista)
  • Build to Rent homes with onsite management offer the ideal solution

 

Innovative developer be:here as revealed a surge in demand for ‘lock up and leave’ property in London.

The finding ties in with data from Statista, which shows that the average person increased their number of holidays abroad from 1.4 in 2016 to 1.7 in 2017. With London’s airports serving such a wide range of destinations, those travelling overseas for both work and pleasure are looking to ensure that their homes remain safe while empty. And for many, a purposefully designed Build to Rent home is the answer.

“Today’s housing schemes have to think carefully about the needs of their residents, particularly as the convenience of international travel means that our modern lifestyle often involves trips overseas, whether for business or pleasure. This is even more true for developments that are within reach of international airports, as easy travel abroad is often a key benefit for those living there.”

Hayley Wills, Area Manager, be:here Hayes

 

New purposely-designed Build to Rent developments such as The Gatefold Building from be:here located in Hayes, just 4 miles from Heathrow International Airport, present a unique opportunity to cater to the requirements of those who prioritise security as a result of leaving their property empty regularly. Flight crew, for example, have to regularly leave their homes unoccupied whilst at work, so security is a particularly important issue.

At The Gatefold Building, security is a top priority. The development is gated and provides an on-site concierge and management team. The groups of air crew in residence at The Gatefold Building benefit from having peace of mind when it comes to the security of their homes while they’re working. Knowing there’s always someone on hand to keep an eye on things is immensely reassuring, particularly in an urban environment as vast as London.

The lock up and leave benefits of Build to Rent accommodation apply equally to those who travel on business regularly, as do the additional rewards of living at the award-winning Gatefold Building. These include tenancies of up to three years in length, low deposits (just one month’s rent), pet-friendly homes, free super-fast 30 mbps broadband, regular social events and Habitat furnishings. Soon, tenants will also be able to take advantage of on-site Laundry Republic lockers, meaning that they can take care of their dry cleaning from home with ease.

“Build to Rent is well positioned to serve those who need to lock up and leave their homes regularly. Here in Hayes, The Gatefold Building is ideally located for London Heathrow, so all those who use the airport for work or travel are able to benefit from the security that a contemporary Build to Rent development provides.”

Hayley Wills, Area Manager, be:here Hayes

 

Stylish apartments at be:here Hayes are available from £1,195 pcm for one bedroom and from £1,450 for two. Every home comes with either a garden or a balcony.

For the latest availability and any questions, please contact the be:here Hayes team directly on 0203 845 4796 or visit http://www.behere-hayes.co.uk/

Apartment prices rising faster than any other property type, new data reveals

Apartment prices rising faster than any other property type, new data reveals

United Kingdom ,
  • Average UK apartment price up by £1,251 per month over last 5 years (Halifax)
  • Regional cities such as Liverpool and Newcastle currently exciting investors (Surrenden Invest)
  • Strength of labour market continues to support house prices (Halifax)

Newly released data from Halifax has shown that the average UK apartment has increased in value by £1,251 per month over the past five years, rising by £75,074 over the period.

Although apartments make up just 15% of all home sales, their relevance to urban labour markets is increasingly important. This is borne out by the Halifax data, which shows an increase of 48% in apartment values between 2013 and 2018, compared with an increase of just 42% for terraced houses and 27% for detached homes.

“The sustained level of demand for apartments in regional city centres has shown solid credentials, even in the wake of the Brexit referendum. With dynamic local economies and solid labour markets, regional cities are an enticing prospect for those looking to make capital gains, whether as owner-occupiers or investors. In fact, the majority of investors we work with now come to us with a regional city firmly in mind – London has lost its shine as a residential investment prospect as the UK’s other cities are producing better returns.”

Jonathan Stephens, MD, Surrenden Invest

Liverpool is one city that has benefitted from this new breed of regionally focused property investors. Developments such as The Tannery, which offers bright, contemporary residences with beautifully presented interiors, are drawing in both domestic and international investors. Hadrian’s Tower, in Newcastle, is another such example. Its blend of exceptional apartments and innovative social spaces is precisely what investors are looking for.

Halifax’s latest House Price Index shows a monthly rise in home values of 1.5% during May, following a brief wobble in April. The lender flags up the labour market’s performance, along with low interest rates, as two of the reasons behind this.

“The continuing strength of the labour market is supporting house prices. In the three months to March the number of full-time employees increased by 202,000, the biggest rise in three years. We are also seeing pay growth edging up and consumer price inflation falling, and as a result the squeeze on real earnings has started to ease. With interest rates still very low we see mortgage affordability at very manageable levels providing a further underpinning to prices.”

Russell Galley, Managing Director, Halifax

With the UK population expected to pass 70 million by mid-2029, and urbanisation increasing steadily (from 80.2% in 2006 to 82.84% in 2016, according to Statista), demand for city centre apartments looks likely to remain strong over the years ahead. And with apartment prices increasing at a faster rate than any other kind of accommodation, they are sure to remain the property of choice for investors looking to make the most of their money.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499