What Brexit means for British buyers in Spain

What Brexit means for British buyers in Spain

by Viv Spain United Kingdom

The UK’s decision to leave the European Union raises some important questions. Here’s how it will affect British buyers in Spain.

Martin Dell, Director of Kyero.com, comments,

“We are optimistic here at Kyero.

“The Brits buy in Spain for the wonderful climate and bohemian lifestyle. That hasn’t changed and houses in Spain will always have a pull for the British purchaser.

“There was a very healthy market for Spanish property before Spain joined the Eurozone and there’ll still be a thriving market once Britain leaves. Property prices in Spain remain relatively low, and this is still an excellent time to make a shrewd investment in the Spanish property market.”

Common questions that are being asked now are answered by the experts at Kyero.com.

Can I still buy a property in Spain?

Yes. Britain is still a member of the EU and British citizens enjoy the same rights today that they did last week.

It is likely to take at least two years to leave the EU, and many more years to settle the resulting changes in trade agreements. British buyers are unlikely to feel the impact for some years.

What does a fall in Sterling mean?

A weakened Pound is the most immediate effect of Britain’s referendum. In effect, Spanish property has just become more expensive for UK buyers.

The exchange rate is expected to be volatile over the coming months, but buyers can take steps to insulate themselves from currency risk. We strongly recommend Smart Currency Exchange, who have experts on hand to ensure you get the best deal.

It is also worth setting this in a wider context: While Spanish house prices have been steadily recovering over the past 2 years, they remain 32% cheaper than their peak in 2007.

Spanish property remains excellent value.

What will happen to my property when the UK leaves?

Spain has a long history of welcoming buyers from overseas, who now account for 1 in 5 house sales. Non-EU buyers are extremely active in the market and enjoy very similar rights to EU nationals.

Leaving the EU/EEA is highly unlikely to impact the rights of British citizens to buy property in Spain. Overseas investment is too important to the economy.

Will I still get a mortgage?

Yes. Spanish banks typically ask foreign buyers for a deposit of up to 40%. While there is scope for this to rise, it is already at a level that provides banks considerable protection and is unlikely to see much adjustment.

Meanwhile, the economic climate in Europe is wedded to low interest rates. Borrowing costs remain good value.

Will the Spanish property market crash?

British buyers are important to the Spanish market and they are the largest single nationality among overseas investors. However to put this in context, Brits form 4% of the market.

There are two reasons Brexit is highly unlikely to trigger a crash. Firstly, foreign buyers are a diverse group: German, French, Belgian, Italian and Swedish (among many others) are all an extremely active, growing part of the market.

There may be some localised pain, but even a complete collapse in UK demand (again, totally unlikely) would only put a small dent in the market.

Secondly, the market has nowhere to go. Spanish property has been recovering steadily since 2014, but remains a very long way off its peak. The worst we expect from Brexit is restrained growth.

Is my EHIC card still valid?

Yes. The European Health Insurance Card provides reciprocal health cover for travellers in the EEA. It will remain in place for at least two years while Brexit negotiations are in motion.

European countries are keen to ensure that their citizens enjoy healthcare while travelling, so it’s entirely possible an EHIC agreement (or something similar) will remain in place even after Brexit.

Will I get full healthcare if I move to Spain?

For now, yes. As long as Britain remains in the European Union, reciprocal healthcare arrangements continue as before. Expats who live in Spain and contribute to the social security system already receive full healthcare, and will continue to do so regardless of Brexit.

The situation for British pensioners is less clear. The current cost of their healthcare is met by a per capita payment from the UK to Spain for every pensioner who has completed the S1 form and is in receipt of a UK pension.

Nobody knows if this arrangement will continue, though many commentators predict British pensioners will require some form of health insurance post-Brexit.

What about my pension?

Under single market rules, UK citizens living in Spain (and indeed the whole EEA) have their pensions and social security payments automatically uprated each year in line with local inflation. This system is a mutual EU arrangement and is likely to become a negotiating point in Brexit talks.

In the worst case, British pensioners in Spain could get similar treatment to those in Canada and lose their automatic right to pension increases.

How will inheritance work?

British citizens (and indeed all EEA residents) currently get very good tax treatment in Spain, paying the same inheritance tax as locals.

Crucially, the double-taxation treaties that enable these are NOT made in the EU. Therefore Brexit has no effect on the existing tax agreements between the UK and Spain.

What happens next?

In short, nothing for quite some time.

Exchange rate fluctuations will be the only visible effect of Brexit in the short term.

The two year process of leaving the EU will not begin until Article 50 is triggered and this is currently scheduled to happen in October 2016. (Despite protestations, Europe cannot force a faster pace until Britain formally takes this step.)

It is also important to note that this referendum is non-binding, and British politicians will now enter a protracted period of horse trading over what to do next – or even who’s in charge.

With Brexit leaders already dialling back their rhetoric and promises, it is not a foregone conclusion that Britain will completely leave. Huge debating points now remain over whether Brexit means a total withdrawal from the single market (EEA).

Time will tell, and it all serves to slow the process.

The net effect is Britons will continue to enjoy the benefits of European citizenship for some years, and can expect a broadly similar deal once Brexit is complete.

The British love affair with Spain continues.

For further details on homes to buy in Spain, visit www.kyero.com. For the latest data on the state of the Spanish property market, visit data.kyero.com

Industry Professionals Party like a Fusion Student for One Night Only

Industry Professionals Party like a Fusion Student for One Night Only

by Charly United Kingdom
  • Fusion Students launch new Fusion Tower residence in Bristol with a student inspired event
  • Industry professionals stay overnight to experience all that Bristol’s latest student accommodation has to offer
  • 80% of Fusion Tower’s state of the art studio and apartment rooms have sold out for 16/17 academic year (Collegiate AC)

As another academic year draws to a close, Bristol’s new luxury student residence celebrated in style. This month saw the official launch of Fusion Tower, located at the heart of Bristol’s city Centre.

Guests were invited to party like a student for the evening, at this unique launch event, as industry professionals including property consultants such as Knight Frank, CBRE, and Savills gained an insight into university nightlife. Over 150 guests experienced an evening of food, drink and entertainment in the form of live music, a DJ & a top magician as well as typical student games including beer pong, table football and air hockey.

Confident in both the exclusive on-site facilities and the 5* service provided, Warren Rosenberg, Co-Founder of Fusion Students, tells of the company’s excitement at launching Fusion Tower with such an event. He explains,

“The Fusion experience goes beyond stylish buildings and luxury amenities; we strive to provide our residents with the new generation of design-led accommodation which is designed primarily around social spaces to appeal to the taste of modern day students. Our first priority is our communal areas and practicalities of promoting close community living.

Allowing our guests to stay overnight was a unique element to our invitation and they took full advantage of it with the vast majority experiencing first-hand all that Fusion Tower has to offer. We are delighted with the success of the evening and can’t wait to welcome students to their new Bristol home.”

With new and existing students now looking to confirm their accommodation for the 2016/17 academic year, Collegiate AC can confirm that over 80% of Fusion Tower’s studio rooms have already sold out in advance of September, further highlighting its fantastic appeal.

Fusion Tower has an incredible city-centre location, perfect for enjoying the wealth of culture and entertainment that Bristol has to offer. The project offers elegant and innovative student apartments, having been designed by Fusion’s team of leading architects, interior and graphic designers.

From only £130 a week, Fusion Tower provides exceptional student living accommodation that is both relaxing and spacious, boasting beautiful en-suite student rooms that have fully-fitted kitchens, flat-screen TVs and double beds.

As part of the leading edge design, on-site facilities include a stylish cinema, private gym, club lounge and a resident’s bar as well as a choice of generously-sized study rooms, along with high-speed broadband, Wi-Fi and 24-hour security, concierge and CCTV.

For more information, visit www.fusionstudents.co.uk or contact Collegiate AC on 01235 250 140.

Holidaymakers and investors both spellbound by the beauty of North Wales

Holidaymakers and investors both spellbound by the beauty of North Wales

by Eleanor United Kingdom
  • Wales one of 2016’s Top 10 Countries (Rough Guide)
  • Visitor numbers set to boom in 2017 thanks to Year of Legends (Welsh Government)
  • Hotel room investment in stunning countryside retreat available from £50k (Properties of the World)

When it comes to enjoying the best that outdoor Great British life has to offer, Wales is undoubtedly the place to be. With soaring mountains, stunning coastline and a whole load of adventure activities to set pulses racing, Wales is the ideal holiday destination for visitors from the UK and overseas.

Jean Liggett, Managing Director of visionary property investment consultancy, Properties of the World, comments:

“Wales offers the perfect blend of natural, unspoilt countryside, old world charm and super contemporary adventure. Whether you’re travelling alone, with young children or with easily bored teenagers, Wales makes a great destination that will charm and entertain all those who visit.”

Liggett knows Wales well through her company, which is offering hotel room investments at the stunning Caer Rhun Hall. The hotel is located in the heart of the Conwy Valley, set in 20 acres of breathtaking grounds, with beautiful countryside stretching for miles around. Built by General Hugh Gough in 1892, the three story mansion is a traditional countryside delight, featuring crow-stepped gables over the bays, a slate roof with heavily ornamented roofline, towering chimneys and thin columnar finials topped with stone balls.

The market town of Conwy is just 7km away, with its pretty beach, majestic castle, ancient walls with 22 towers and the smallest house in Great Britain offering a delightful range of sights and family activities. Further afield, the surrounding Llandudno countryside is awash with everything from classic seaside pursuits at Blue Flag beaches (think piers, Punch and Judy and small tots balanced on donkeys) to art exhibitions and theatres. The whole of the Snowdonia National Park is also easily accessible, offering some of the most picturesque scenery in Great Britain, as well as the opportunity to scale one of the UK’s most famous mountains.

Such a wealth of activities makes hotel investment in northern Wales an attractive prospect. Investment at Caer Rhun Hall is from £50,000, with a range of luxurious rooms and villas to choose from. Investors can benefit from a hands-off, fully managed investment with 10% returns per annum, 125% assured buy-back option and even two weeks’ personal usage per year.

Conwy and the surrounding countryside, where Caer Rhun Hall is located, will be one of the regions to benefit from the projected boost in tourism that Wales is set to enjoy in 2017, which has been designated the ‘Year of Legends’ by the Welsh Government. Deputy Minister for Culture Sport and Tourism, Ken Skates, explains:

“The Year of Legends 2017 presents an opportunity to build on the truly distinctive identity Wales has on the world stage, by allowing us to capitalise on Wales’s rich culture and heritage to stand-apart from our competitors. In doing so, we want to reinforce positive perceptions of our country, and position Wales as a high-quality, relevant and contemporary 21st century destination.”

Wales is already enjoying a booming reputation as an international tourism destination. The country was included in the Rough Guide’s Top 10 Countries 2016, which promised that, “culture vultures, foodies, festival junkies, adventurers, hikers and extreme sports enthusiasts will be spellbound here.” Now, with investments like Caer Rhun Hall offering a low entry point and excellent returns, investors in Wales can be spellbound too!

For further details visit www.propertiesoftheworld.co.uk, email info@propertiesoftheworld.co.uk or call the team on +44 (0)20 7624 5555.

“Liverpool is still setting property investors’ pulses racing” says Surrenden Invest’s Jonathan Stephens

“Liverpool is still setting property investors’ pulses racing” says Surrenden Invest’s Jonathan Stephens

by Charly United Kingdom
  • Liverpool still top of the props when it comes to investment
  • Waterfront area proving popular with investors and tenants alike
  • Stamp duty increase hasn’t dented buyers’ enthusiasm for Liverpool property

Liverpool’s property market has received a great deal of media attention in recent years. From being flagged up as the UK’s top property investment hotspot to the massive regeneration plans centering on the city’s stunning waterfront location, the city has drawn attention for its potential, its yields and its capital growth.

So is Liverpool ready to retire from the property scene and make way for the UK’s next property hotspot? Far from it, according to Jonathan Stephens, Managing Director of property consultancy Surrenden Invest. We caught up with Jonathan to find out why it is that Liverpool can still set property investors’ pulses racing.

Is Liverpool still the place to be so far as UK property investment is concerned?

Yes, absolutely! The North West of England, and Liverpool in particular, is enjoying a period of substantial growth when it comes to city economies. The Northern Powerhouse initiative has focused attention on the North West’s cities and Liverpool is one of those at the forefront of the boom. We’re seeing starts ups, creatives and tech companies flourish, alongside more established services industries, giving a really vibrant and exciting feel to what’s going on here in terms of economic potential.

And of course booming businesses go hand in hand with a buoyant property market. There’s a lot of demand from professional tenants for high end rental accommodation. They’re seeking a blend of great location and added extras like concierge services. With the UK’s private rented sector continuing to expand, I don’t believe we’re going to see demand from this kind of tenant drop off any time soon, so in cities like Liverpool investment in rental property definitely still makes sense.

Are there any particular areas of Liverpool that property investors should consider?

The UNESCO World Heritage waterfront area is the place to look. There’s a lot of money being poured into development work there right now, which will give new residents access to some of the city’s most celebrated features, right on their doorstep. It’s a really elegant district with real charm and provides easy access to the offices, retail establishments, eateries and other amenities of the city centre.

Strand Plaza is a great example. The beautiful apartments benefit from stunning views over the water, as well as premium features like a 24-hour concierge. Residents will be able to benefit from superb local amenities, with the whole of the city centre at their disposal.

After the stamp duty increase, is buy-to-let still an attractive option for investors?

The buy-to-let sector was certainly braced for the impact that the 3% increase to stamp duty on additional properties would have and we saw a huge rush in the first quarter of this year as buyers raced to complete their purchases before the rate increase in April. However, we’ve certainly not seen interest in buy-to-let investment vanish since then, at least not here at Surrenden Invest. Buy-to-let in areas with strong yields like Liverpool can still be a profitable venture and investors like the relative certainly that comes from investing in bricks and mortar.

Is the Liverpool market still undervalued?

Definitely. There were various predictions just over a year ago about how investors were going to send Liverpool property prices soaring because the market was so undervalued, but the reality is that we’ve seen a slow and steady increase rather than the promised spike in values. Zoopla’s latest data shows an annual increase in house values of 0.63%. That means that Liverpool’s market still has excellent potential for growth when it comes to prices. It’s still undervalued in my opinion, which is an exciting opportunity for investors in buy-to-let properties.

What are your predictions for Liverpool’s property market over the coming years?

I think we’re going to see the continuing of the current trends, with new homes being built in sought after areas accompanied by strong levels of demand from professional tenants. Liverpool’s city centre population is growing for the first time in 80 years and the surge in interest in city centre homes has been marked. Prices should continue to rise at a sensible pace, meaning investors can look forward to the potential for capital gains as part of their investment strategy.

Finally, what is it about Liverpool that makes the city so special?

For me, it’s the city’s combination of its shipping and manufacturing past with its more recent status as a centre for culture and creativity. There’s so much here to discover. Liverpool is not only a great place to work but also a lovely city for enjoying during your leisure time. That’s why so many people in recent years have headed back to the city centre to live and we’ve seen such a shift in demographic patterns. Liverpool is one of the UK’s most interesting and vibrant cities. Whether you’re looking to live here or invest in a property, it’s a wonderful place.

For further details, visit www.surrendeninvest.com, email info@surrendeninvest.com or call 0203 3726 499.

How could UK fracking impact energy prices and the wider economy in the short and long term?

How could UK fracking impact energy prices and the wider economy in the short and long term?

by Charly United Kingdom World
  • 159 onshore block licenses issued in 2015 (Oil & Gas Authority)
  • Just 19% of Brits support exploration for shale gas (DECC)
  • UK shale producers would require £33 billion worth of infrastructure (EY)

Fracking – the process of drilling into the ground and then using high-pressure water to release trapped gas – has been one of the most controversial subjects in the energy industry for years, but the tale took a further twist in May 2016 when North Yorkshire County Council approved Third Energy’s application to frack a well in Ryedale. The decision has been hailed as an important step forward for the UK’s fledgling fracking industry by supporters of the process and as a betrayal of the environment by those who are against it.

But leaving aside the ‘should we, shouldn’t we’ debate, what could fracking in the UK do for energy investments and the wider economy in the short and long term?

Nikolas Xenofontos, Director of Risk Management at leading online trading services provider easyMarkets, comments,

“It’s no secret that the UK’s government has advocated for the production of shale gas, an industry it purports could help the world’s fifth largest economy strengthen its energy independence. However, with public support for hydraulic fracking at all-time lows, the Conservatives may have a few hurdles to clear before bringing this industry back online anytime soon.”

In 2015, 159 licences for onshore oil and gas fracking blocks were issued, a move that pushed the UK one step closer to establishing a viable fracking industry. The US shale boom of the past five years has brought fracking back into focus, with UK energy producers seeking planning permission to begin hydraulic drilling, hence Third Energy making headlines last month by formally seeking planning rights to begin the controversial process.

Economic prospects

For energy investors, a UK fracking boom is almost too good to pass up. If the US shale boom is any indication, shale production is an extremely lucrative enterprise that has the potential to disrupt the entire industry. UK energy companies have already identified billions of pounds’ worth of oil trapped beneath rock layers. Recent advances in fracking technology also mean that shale producers would be able to maintain output levels at competitive prices.

UK shale prospects are bright. There are about 1.3 trillion cubic feet of gas alone in the northern Bowland shale region. Extracting even a fraction of those reserves could be worth billions and the economic benefits wouldn’t stop there. Shale producers would also require an estimated £33 billion worth of infrastructure to effectively realise this market, according to accountants EY. Infrastructure development stimulates construction spending and employment, which have numerous multiplier effects on the economy.

According to the British Geological Survey, other regions with high shale gas opportunities include southern England’s Weald Basin and Scotland’s Midland Valley. Scaling up production capacity in these regions also means greater investment opportunities in field development, subsea technology and operations.

Downside risks

There are many downside risks associated with fracking. The first and most obvious is the environmental degradation that is associated with this unconventional drilling practice. Greenpeace has cited concerns over frack fluid, a highly toxic chemical compound that is needed to make this method of drilling viable. Frack fluid is further contaminated by the heavy metals and radioactive elements naturally found in shale rocks. This is a major cause for concern because a large portion of the frack fluid returns to the surface, where it could contaminate rivers, streams and even underground water supplies.

Greenpeace also notes that in the US alone, up to 10 million gallons of water are needed each time a well is fracked: an enormous drain on resources.

A negative public backlash is the last thing a UK shale industry needs in order to be successful and sustainable. Four out of five Brits have a negative view of the practice, with the strong majority favouring renewable energy sources. Only 19% of Brits support exploration for shale gas, according to a recent survey conducted by the Department of Energy and Climate Change (DECC). That’s down from 29% two years ago.

While oil prices have recovered in recent months, they remain well below pre-crisis levels. What’s more, the latest rally has been driven mainly by hopes of a production freeze among OPEC producers and supply disruptions in places like Canada (wildfires), Nigeria (militant attacks), Libya (war) and Venezuela (economic collapse). All of these countries would pump more crude oil if they could, which suggests the latest rally is anything but sustainable.

In other words, spending billions of pounds on a cyclical industry with an uncertain future may not be the best way to grow the economy. With electric cars becoming even more affordable, some analysts are concerned about a final death blow to the oil and gas industry by the turn of the decade. While this is certainly speculative, it raises a lot of questions about the future of oil and gas, especially in the current context of a slowing Chinese economy. Beijing has made it abundantly clear that it is prioritizing consumption-led development over export and investment-led growth, as it seeks to steer its massive economy in a way that mirrors its advanced industrialized peers.

Regardless of your stance, the UK government appears poised to give oil and gas companies the political backing to pursue fracking: it seems the fracking conversation has come full-circle over the past five years.

For further details visit www.easymarkets.com, email pr@easymarkets.com or call +44 203 1500 748.

 

Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).

England wins Euro 2016 real estate cup

England wins Euro 2016 real estate cup

by Eleanor France Spain Turkey United Kingdom
  • Turkey tops house price growth in Europe
  • Spain leads foreign buyer demand
  • Spain, England, Turkey and France go through to semi-finals
  • England beats France thanks to rising property values

They may not be the favourites to win Euro 2016, but when it comes to real estate, this is England’s year. Property portal TheMoveChannel.com pitted the housing markets of the 24 countries against each other in a property tournament to end all property tournaments.

The site compared each country across three key categories: house price growth in the 12 months to Q1 2016, using Knight Frank’s Global House Price Index, the number of properties listed for sale on the international site, and demand from investors, measured by the number of enquiries from buyers on TheMoveChannel.com in the 12 months to June 2016.

Combined, the factors give a rounded portrait of a country’s property market, from overall health to investment potential.

Click here to see the full infographic.

Turkey tops house price table

In terms of house prices, Turkey’s property market is number one in Europe. According to Knight Frank’s Global House Price Index, the country has seen property values soar 15.3 per cent in the year to Q1 2016, ahead of Sweden (12.9 per cent) and Austria (7.6 per cent).

Turkey has enjoyed the strongest house price growth in the world for the last three quarters in a row, fuelled by the country’s rapidly growing population, ongoing infrastructure development and high demand.

Spain leads foreign investment league

Spain is the most popular destination in Europe for foreign buyers, attracting the highest number of enquiries on TheMoveChannel.com in the year to 2016. It is followed by investor favourites Portugal, France, Turkey and Italy. Italy is also the country with the most properties for sale on the site as of June 2016, ahead of England, Spain, France and Portugal.

Quarter-Finals: Battle of the holiday home hotspots

Following the format of the Euro 2016 tournament, the categories were used to determine the top performers from each group, before progressing through the knockout stages of the competition.

In the quarter-finals, Spain slipped past Switzerland through sheer force of buyer demand; England advanced over Portugal due to stronger price growth and a higher inventory of homes for sale; Turkey triumphed over Germany, thanks to its unbeatable house price growth; and France flew past Austria, boosted by its lifestyle appeal.

Semi-Finals: Familiar favourites triumph

While Spain is the most popular destination in Europe on TheMoveChannel.com, England edged past its continental cousin, powered by its stronger house price growth (5.3 per cent versus 2.4 per cent) and a higher number of properties for sale, making it easier for investors to find an opportunity.

France’s house price growth may be low compared to Turkey’s (0.5 per cent versus 15.3 per cent), but with French mortgage rates at record lows, demand for the country’s real estate is hard to match, with France receiving 27 per cent more enquiries in the year to June 2016.

Final: England knocks out France

England’s housing market puts 50 years of hurt to rest with a victory over the Euro 2016 hosts. Due to a chronic lack of supply, England’s property values have been accelerating for some time. In the 12 months to June 2016, prices have risen 5.3 per cent, according to Knight Frank, compared to France’s 0.5 per cent. England also has more properties for sale. France, however, scores a consolation goal with a higher level of buyer interest, primarily because of people searching for property in the UK in general, instead of specifically in England.

 

Notes to Editors

About Lead Galaxy and TheMoveChannel.com

Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 1.4 million listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.

The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.

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Please contact Ivan Radford on ivan.radford@themovechannel.com or +44 (0)207 952 7221

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easyMarkets weathers the Brexit storm and keeps its promise to clients

easyMarkets weathers the Brexit storm and keeps its promise to clients

by Charly United Kingdom

The Brexit referendum result is in and the UK public has spoken – 48.1% voted to stay in the European Union and 51.9% voting to leave meaning a BREXIT will take place. The GBP fell to 1.3250 – an 11.42% drop and the lowest since 1985.

Leading up to the Brexit referendum, easyMarkets announced to its traders that it would not alter its trading conditions. Leverage would remain at 1:200, No Slippage, Fixed Spreads and Free Guaranteed STOP LOSS.

Following the Brexit event easyMarkets can confirm that client orders were executed at the requested prices and that no clients suffered from negative account balances. CEO, Nikos Antoniades says “Our goal is to keep traders safe especially when trading in such volatile conditions. The Brexit event was the perfect scenario for us to show that we honour our promises to our traders”

easyMarkets has positioned itself as one of the easiest and safest brokers to trade with. Promises are easily made when the markets are predictable however easyMarkets has again honoured its commitment to traders under even the most adverse market conditions.

For more information please visit www.easyMarkets.com.

 

For PR information please contact:

Charlotte Day

Head of Content & Social Media, easyMarkets

charlotte@easy-forex.com | T: +35725828899

 

Risk warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).

Tipi – taking the pain out of renting in London

by Eleanor United Kingdom
  • 60% of Londoners will rent their homes within 10 years (PwC)
  • Simple leasing process with no agency fees attracting attention at Wembley Park (Tipi)
  • Tipi apartments available from £1,550 with utilities and broadband included

Once upon a time, renting a new home used to be a stressful process. Endless phone calls, time wasted waiting around for agents to turn up for viewings, endless paperwork and spiralling agency costs were just a few of the hassles that made up the process. But now, thankfully, there is another way.

Michael Allen, Head of PRS at Tipi, the lifestyle-focused rental operator at Wembley Park, North West London, explains,

“In the year 2000, 60% of Londoners owned their own home, but according to PwC’s research, 60% of the capital’s population will be renting by 2025. We feel that it’s time those renters got a better deal, so that’s precisely what we’ve done at Tipi. From the quality of the apartment to the superb, hotel-inspired amenities and services, Tipi is all about taking renting to the next level for Londoners.”

Tipi’s rental process itself exemplifies this new approach. Interested customers book a viewing with the on-site Tipi team, enjoy a one-to-one tour and then select the apartment they love the most. A flexible range of lease terms is available, designed to suit the differing needs of individual tenants rather than force a ‘one size fits all’ approach on renters.

Reservations can be made with the Tipi team or online and references are checked by a friendly online agency. Documents can be signed online and payment transferred electronically. Then all the renter has to do is turn up and collect their keys.

The simple leasing process will be seen as a breath of fresh air for many of those who rent in the capital, particularly when they discover that the agency fees for the process come to the grand total of £0.

This simplicity is carried through to other areas of the Tipi development. Utility and broadband bills for the one, two and three bedroom apartments are included in the rent, thus reducing tenants’ life admin. Superfast broadband is instantly available throughout the building – so new tenants don’t have to waste time finding a provider, arranging installation and setting up a new account.

The online My Tipi service makes things even easier. Tipi customers can use it to take care of everything from ordering cleaning services to arranging to have their washing or dry cleaning done.

Apartments at Tipi are priced from £1,550 pcm. Not only does that include a stylish home, utility bills and broadband bills, but there’s also a hotel-style concierge service and the Deckhouse and Nest shared lounges, which include comfy seating, Sky Sports, a pool table, kitchenette and more. There’s even an outside terrace off the Deckhouse, as well as the acre of beautifully landscaped water gardens surrounding the building.

By providing Londoners with an all-inclusive, hotel-inspired rental service of this nature, Tipi has raised the bar when it comes to renting, turning the fairytale dream of a happy, painless rental process in London into an everyday reality.

For more information or to book a viewing with the Tipi team, visit www.tipi.london or call 020 3151 1927.

 

Notes to Editors

About Tipi @TipiLondon

Tipi is a subsidiary of Quintain, the London focussed property development specialist and the team behind Wembley Park. Tipi is a ‘Build to Rent’ or Private Rental Sector (PRS) management company which builds, manages and leases contemporary apartments to customers without charging agents’ fees. Unique to Tipi is that Quintain owns and operates the wider Wembley Park estate which ensures the environment surrounding the apartments is safe, controlled, clean and well connected.

Tipi’s first PRS buildings, Montana & Dakota offer brand new 1, 2 & 3 bedroom apartments with rents inclusive of all utility bills and superfast broadband. Most apartments boast a balcony and all benefit from access to an acre of private gardens. 24 hour concierge and night security meet customers’ everyday needs and additional services can be added to tenancy agreements such as secure underground parking, cleaning, laundry and dry cleaning services.

Two lounges are available for Montana & Dakota residents to use and include superfast 100 Mb/s broadband, Sky TV and Sky Sports and later this year a gym and cinema room will open within the building.

About Wembley Park @WembleyPark

Wembley Park is the development by Quintain which is transforming the 85 acre area around Wembley Stadium and The SSE Arena, bringing together new shopping at London Designer Outlet, leisure facilities, new homes and beautiful public spaces to create a major new destination and residential neighbourhood for London.

Wembley Park will be home to thousands of high-quality homes and a vibrant new community who will enjoy everything Wembley Park has to offer including tree-lined boulevards, regular outdoor market programmes and more.

The SSE Arena and Wembley Stadium continue to attract the best names in sport, music and entertainment.

Wembley Park is extremely well connected with two overland train stations (nine minutes to Marylebone), two tube stations (19 minutes to the West End), over 3000 parking spaces and excellent road links to motorways including the M1, M40 and M25.

A Collegiate home isn’t just for term time; students can enjoy 5* service during their summer break too

A Collegiate home isn’t just for term time; students can enjoy 5* service during their summer break too

by Charly United Kingdom
  • Collegiate AC 2016 Summer Lets programme increases by 45.5% vs 2015
  • Collegiate AC provide Summer Lets in 9 different locations across the UK
  • Room prices start from just £105 a week

With promising moments of glorious sunshine and Wimbledon just around the corner, British summertime has definitely arrived. As lecture halls and common rooms close their doors for the holiday, the majority of students will be saying goodbye to their university family and moving back home. However, an alternative option is now available, a way of continuing the student lifestyle into the summer season and making the most of the holidays.

As the leading provider of luxury student properties in the UK, Collegiate AC have announced their 2016 Summer Lets programme. With a 45.5% increase in the locations available in comparison to last year, there are now 16 Collegiate AC properties offering Summer Lets across 9 different UK cities Students are now able to stay where they are for the summer without the upheavel of moving home again or finding alternative accommodation.

From Edinburgh’s celebrated Fringe festival to London’s British Summer Time gig series in Hyde Park, Collegiate AC’s summer lets are available to all students, even if you are not currently a Collegiate AC resident, with prices starting from just £105 a week.

Heriberto Cuanalo, CEO of Collegiate AC, explains the advantages of Summer Lets and comments on their growing popularity,

“Whether students have enrolled on summer courses, found a job in the local area or just want to remain close to friends, Summer Lets give them the option to stay in their present accommodation. At Collegiate, we have certainly noticed rising demand for this service and now even students who are not currently Collegiate AC residents can experience the benefits of the luxury service, outstanding facilities and prime locations that our residences offer.

“Another option available through our Summer Lets scheme is to visit a city, different to your university, and explore all that the UK has to offer this summer. With international students comprising the majority of our residents for the 2015/16 academic year, it was important for us to provide an opportunity for those students to choose familiar accommodation during the summer months, if they wanted it.”

Located in the leafy Newington Green area of North London, Charles Morton Court provides the perfect base for those looking to discover the capital. The residences is beautifully designed, offering a  range of bright, stylish student accommodation, from classic en-suite rooms with shared kitchen and lounge facilities, to premium studios complete with individual fully fitted kitchens. The property benefits from a range of features including secure bike storage and Wi-Fi throughout, along with thoughtful touches to enhance the student experience such as a spacious common room and on-site laundry.

Further north, and set in a peaceful and elegant enclave, Gateway Apartments offer a range of contemporary studio, one, two and three bedroom apartments to the students of Edinburgh. Gateway Apartments are well served with a variety of retail outlets creating an almost ‘village’ feel about the area, whilst only a 5 minute walk away from the vibrant city centre. The high-specification and beautifully designed student apartments are equipped with contemporary high-gloss kitchens, individual en-suitefacilities, flat-screen TVs, double beds and ample storage space. The development also offers a private cinema, gym, common room and reading rooms, high-speed broadband and Wi-Fi, CCTV, an electronic entry system and on-call support for any queries residents may have.

For more information, visit www.collegiate-ac.com or contact Collegiate AC on 01235 250 140.

Why are there so few apartments to rent in Liverpool city centre?

Why are there so few apartments to rent in Liverpool city centre?

by Charly United Kingdom
  • 70% of the world’s population will live in urban areas by 2050 (UN)
  • A new home needs to be built every 4 minutes in the UK (UKIP)
  • New waterfront homes helping to cope with re-urbanisation in Liverpool (Prime Centrum)

The ongoing EU Referendum debate has led to some fascinating figures being bandied about regarding the UK’s lack of housing. Ex-Cabinet Minister and ardent Leave campaigner Liam Fox has stated that,

“At current levels of immigration, the Office for National Statistics project that our population will continue to grow by around half a million a year – a city the size of Liverpool every year.

“This will mean that, in England, we will have to build a new home every six minutes, or 240 a day, for the next 20 years to accommodate just the additional demand for housing from new migrants.”

By the time of the televised debate on 7 June, UKIP leader Nigel Farage had increased the figure to a home being required every 4 minutes.

Regardless of the politics and scaremongering, the UK does definitely need more homes, thanks to a growing population and a trend towards urbanisation. The theme is the same in cities around the world, with the UN projecting that 70% of the world’s population will live in urban areas by 2050.

In UK cities like Liverpool, re-urbanisation is leading to intense demand for housing. From a peak of 846,101 recorded in the 1931 Census onwards, the city’s population has been in decline, but the most recent Census (2011) showed a reversal of the trend, with Liverpool’s resident numbers increasing for the first time in 80 years, to 465,700.

Yet despite the increased appetite for city centre living, and in particular for rental accommodation in recent years as the private rented sector has grown to account for 19% of homes, decent apartments to rent in Liverpool are hard to find. A search on Zoopla reveals only 83 two bedroom apartments available to rent in the sought after L1 postcode area and just 42 one bedroom apartments. In neighbouring Toxteth (L8), the situation is much the same, with 63 two bedroom and 53 one bedroom apartments available across the entire postcode area.

Toxteth makes for an interesting case study. The once notorious area has seriously smartened up its image in recent years, with swanky bistros and artsy coffee houses spilling over from L1 into L8. The gentrification has in fact been so pronounced that Toxteth’s ‘Granby 4 Streets’ was nominated for the Turner art prize in 2015.

In light of Liverpool’s re-urbanisation then, why is so little housing available to rent in the L1 and L8 areas? And what is being done about it?

Stuart Johnson, Business Development Manager at Prime Centrum, explains,

“Liverpool’s re-urbanisation seemed to come as something of a surprise to city planners, so the city is playing catch up in terms of providing new, decent homes in areas where demand has spiked. The timing of the population increase was also a factor. Developers in 2011 were still coping with the economic hangover from the previous decade, so there weren’t many cranes on the move in Liverpool. Professionals were flocking to the city to work and demanding smart, new waterfront homes but the supply just couldn’t keep up.”

The situation is now beginning to improve. Prime Centrum is one of those companies working to tackle the shortage head on. Their new Parliament Residence development will provide 44 high end one and two bedroom apartments in what is being hailed Liverpool’s most iconic waterfront development. The apartments have been released for sale to investors (prices start at £109,900 with
7% NET income per annum assured for the first 3 years) and will be available for rent to professional tenants and families working and living in the city centre.

Given that Zoopla is currently listing just 36 two bedroom new build apartments for sale in the L1 area, Parliament Residence will come as a welcome relief both to investors looking for a quality buy-to-let property in Liverpool city centre and to tenants looking for high spec homes with views of the city’s UNESCO World Heritage waterfront. No wonder then, that Parliament Residence had sold more than 25% of its apartments less than two weeks after the building was launched to investors.

The re-urbanisation of cities such as Liverpool has become the new reality for city planners. Gone is the ‘managed decline’ approach, with regeneration projects capturing the interest of everyone from large tech companies to business start-ups. City living is on the up once more and the UK’s cities are racing to catch up.

For further details please visit www.primecentrum.com, email enquiries@primecentrum.com or call 020 7183 6332.