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Additional 2,373 Clapham Rented Homes Required by 2027

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I have been doing some research, looking both at National and Regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results. According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000 households, whilst the owner occupied dwelling stock increased by 101,000 and social (aka council and housing association) stock increased by 12,000 dwellings.

It was the private rental figures that caught my eye. With eight or nine years of recovery since the Credit Crunch, economic recovery and continuing low interest rates have done little to setback the mounting need for rented housing. In fact, with house price inflation pushing upwards much quicker than wage growth, this has meant to make owning one’s home even more out of reach for many Millennials, all at a time when the number of council/social housing has shrunk by …

Will the Clapham Property Market Crash?

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And if it does ... who will be the winners and losers?

Those Clapham people wanting property values to drop would be those 30 or 40 something’s, sitting on a sizeable amount of equity and hoping to trade up (because the percentage drop of your current ‘cheaper’ property will be much less than the same percentage drop of the more expensive property – and trading up is all about the difference). If you have children planning to buy their first home or you are a 20 something wanting to buy your first home – you want them to drop. Also, landlords looking to add to their portfolio will want to bag a bargain (or two) and they would love a drop!

Yet, if you have recently bought a Clapham property with a gigantic mortgage, you’ll want Clapham property values to rise. If you are retired and are preparing to downsize, you will also want Clapham property values to rise (because you will have more cash left over after the move). Also, if you, a landlord looking to sell your portfolio or a Cla…

45% Drop in Properties For Sale Today in Clapham Compared to 10 Years Ago

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There is good news for Clapham buy to let landlords as ‘top of the range’ well-presented properties are getting really decent rents compared to a year ago however, this rise in rents is thwarting many potential first time buyers from saving for both a deposit and money for a rainy day. On top of this, there is also a shortage of Clapham homes coming on the market thus adding fuel to the slowdown and affecting not just Clapham first time buyers but also those going up the housing ladder.

Whilst it is true that the Government’s initiatives, targeted at improving the supply of homes built and helping first time buyers obtaining necessary funding, are starting to work (albeit slowly), I also believe that to boost more existing home-owners and their properties onto the market, we as a Country, need to see a better focus placed on those looking to downsize (i.e. the mature generation).

If we took away some hurdles to home owners downsizing, such as removing stamp duty for those downsizer…

Clapham Property Values 0.2% higher than year ago – What’s the PLAN to fix the Clapham Property Market?

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It’s been nearly 18 months since Sajid Javid, the Tory Government’s Housing Minister published the White Paper “Fixing the Broken UK Housing Market”, meanwhile Clapham property values continue to rise at 0.2% (year on year for the council area) and the number of new homes being constructed locally bumps along at a snail’s pace, creating a potential perfect storm for those looking to buy and sell.

The White Paper is important for the UK and Clapham people, as it will ensure we have long-term stability and longevity in property market as whole. Clapham home-owners and Clapham landlords need to be aware of these issues in the report to ensure they don’t lose out and ensure the local housing market is fit for purpose. The White Paper wanted more homes to be built in the next couple of decades, so it might seem counter-intuitive for existing home-owners and landlords to encourage more homes to be built and a change in the direction of housing provision – as this would appear to have a ne…

Nine Babies Born for Every New Home Built in the Past Five Years in Lambeth

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9 babies have been born for every new home that has been built in Lambeth since 2012, deepening the Clapham housing shortage.

This discovery is an important foundation for my concerns about the future of the Clapham property market - when you consider the battle that todays twenty and thirty somethings face in order to buy their first home and get on the Clapham property ladder. This is particularly ironic as these Clapham youngsters’ are being born in an age when the number of new babies born to new homes was far lower.

This will mean the babies being born now, who will become the next generation’s first-time buyers will come up against even bigger competition from a greater number of their peers unless we move to long term fixes to the housing market, instead of the short term fixes that successive Governments have done since the 1980’s.

Looking at the most up to date data for the area covered by Lambeth Council, the numbers of properties-built versus the number of babies born t…

How Affordable is Property for Clapham’s Average Working Families?

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The simple fact is we are not building enough properties. If the supply of new properties is limited and demand continues to soar with heightened divorce rates, i.e. one household becoming two, people living longer and continued immigration, this means the values of those existing properties continues to remain high and out of reach for a lot of people, especially the blue collar working families of Clapham.

Looking at some recent statistics released by the Government, the ratio of the lower quartile house prices to lower quartile gross annual salaries in Lambeth London Borough Council has hit 15.25 to 1.

What does that mean exactly and why does it matter to Clapham landlords and homeowners?

If we ordered every property in the Lambeth London Borough Council area by the value of those properties, the average value of the lower quartile properties (i.e. lowest 25%) would be £400,000. If we then did the same, and ordered everyone’s salary in the same council area, the average of the…

247 Clapham Landlords Plan to Expand Their Buy To Let Portfolios

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A noteworthy number of buy to let landlords in Britain plan to buy more properties over the next year notwithstanding the frustrations, challenges and seismic changes in the private rented sector. According to Aldermore, the specialist Buy To Let lender, their research shows around 41% of portfolio buy to let landlord’s objective is to grow their buy to let portfolio (i.e. Portfolio landlords are landlords that own more than one property).

So, I thought, “Are Clapham landlords feeling the same?” If so, if these numbers were applied to the Clapham private rental market, what sort effect would it have on the Clapham property market as whole?

Talking to the landlords I deal with, most are feeling quite optimistic about the future of the Clapham rental market and the prospect it presents notwithstanding the doom and gloom prophecies that the property market will shrink. Many of those Clapham landlords who are looking to enlarge their portfolio are doing so because they still see the …

Extra Funding Is Required for Affordable Homes in Clapham

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In my blog about the Clapham Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ (or council housing as some people call it).

In previous articles, I have spoken at length about the crisis in supply of property in Clapham (i.e. not enough property is being built), but in this article I want to talk about the other crisis – that of affordability. It is not just about the pure number of houses being built but also the equilibrium of tenure (ownership vs rented) and therein, the affordability of housing, which needs to be considered carefully for an efficient and effectual housing market.

An efficient and effectual housing market is in everyone’s interests, including Clapham homeowners and Clapham landlords, so let me explain ..

An average of only …

Clapham Property Market – Asking Prices Down 5% in the Last 12 Months

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The average asking price of property in Clapham dropped by 5% or £43,919 compared to a year ago, taking the current average asking price to £830,517 compared with £874,436 this time last year.

The overall drop in asking prices is being put down to sellers being more realistic with their pricing and looking to benefit from the impending mortgage interest rate rises later in 2018. This is great news for first, second and third time buyers in Clapham starting their property hunting in the usually active spring market this year facing the opportunity of paying less for the property of their dreams. Even better news is that whilst first time buyers also have to pay less for their property, they also have the bonus of the Chancellor stopping Stamp Duty being paid by first time buyers!

Looking at the different sectors of the Clapham property market, splitting it down into property types, one can see what is happening to each sector of the market with regard to their average asking prices …

£2,188 pcm – The Average Clapham Rent

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The rents paid by Clapham tenants are now standing at £2,188 per calendar month (PCM), a rise of 2.25% year on year and 0.45% higher month on month.

However, this attention-grabbing monthly rent figure masks stark differences in the various different parts of the Clapham rental market. Demand in Clapham for high quality family homes with two or three bedrooms in good catchment areas for schools remains really robust due to tenants wanting access to the schools. Other influencing factors that make certain areas popular are the proximity to transport links. However, I have noticed a drop in demand (and thus rents achieved) for property where the landlord hasn’t kept the property fresh; in terms of decoration, carpets, replacement windows and poor heating.

So, what does all this mean for Clapham landlords and tenants?

With the new tax rules for landlords, many believed that the number of rental properties would narrow throughout 2017, as landlords sold up their Buy to let properti…

Clapham Millennials Have Spent £297,185 On Rent By The Age of 35

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The Millennials were born between the mid 1980’s and late 1990’s thus making them between the age of around 22 to late 30’s. They are the imaginative, artistic youngsters who grew up with the newest tech and computers and who are huge aficionados of music festivals, gourmet pizzas, emoji’s, selfies and old school nostalgia. Also known as Generation Rent, many Millennials have discovered that renting is a good choice for their shelter and accommodation needs without the hassle that comes from buying a home. Nonetheless, that is not the only reason they don’t buy property. When they should be concentrating on their profession, putting down roots and starting a family, Millennials are still going through the pressure and strain of student loan liabilities whilst, at the same time, finding it tough to pay rent.

The hot topic at the moment is the cost of renting, as both political parties have seen mileage in wooing these Millennial Generation Renters. The average rent in Clapham is curr…

Latona Road in Peckham - now let at £3150pcm. How are your returns?

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Here's a little video walkthrough of my latest completed projected. I managed to let this property at a rent of £3150pcm, which translates to a yield of 8.4% as the property was revalued at £450,000.

watch the full video here: https://www.youtube.com/watch?v=S8w3aAVXe2s&t=13s



If you like this video please like, comment and share and join the Clapham Property Blog community on Facebook, LinkedIn and Youtube. If you prefer old fashioned email just drop me a line or come and meet me in person at the Clapham Property Meet!

Video tips series - Video 19/30 - Little known research tools to aid your property investing

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Ever wondered about how property investors do their research? Due diligence? Working out raw data to see if investments stack up?

In this video I give away some of the tools I use:


https://www.youtube.com/watch?v=nTGk8JeBoIE&t=10s


I hope you enjoyed my video. Do let me know if you are looking to invest and you could use a hand. if you are a ready and able investor why not sign up to my list that will bring packaged deals to your inbox? Sign up here. I'd love to meet you in person at this month's Clapham Property Mee, so do come along. Click here for tickets and more info.

Acquisition in Peckham - time to show you around!

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Here's a quick update video on my latest acquisition in Peckham. I purchased this property together with a joint venture partner who is also looking to expand his portfolio and we will be offering, once again, much needed high quality accomodation to the Private Rental Sector.


Watch the video here: https://www.youtube.com/watch?v=OBiwFbETQVY



If you are interested in seeing properties that I have sourced and negotiated a super purchase price on, be it on or off market, then sign up here. As always if you'd like to come and have a look at one of my projects just drop me a line and let's start the conversation. Or allow me to answer your questions in person at the next Clapham Property Meet!

Another acquisition in Peckham - walkthrough

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Not content with just a few projects on the go I'm keen to demonstrate that there are still fabulous investments to be snapped up in South London.

Full video here: https://www.youtube.com/watch?v=xSgy6OoCMZc





If you like this video please like, comment and share and join the Clapham Property Blog community on Facebook, LinkedIn and Youtube. If you prefer old fashioned email just drop me a line or come and meet me in person at the Clapham Property Meet!

Video 20/30 - How to automate getting and booking viewings (if you want to do them yourself of course)

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I find that one of the most annoying things about booking viewings is the constant to-ing and fro-ing with applicants about the date and time. What if you can automate that whole process? Well now you can thanks to my helpful video:




https://www.youtube.com/watch?v=CDhpOLbGPq4&t=7s


Clapham Property Market – Which Houses are Actually Selling?

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Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down ... the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork (almost like a fly’s eye) of lots of small property markets all performing in different ways.

… And that made me think … is there just one Clapham Property Market or many?

I like to keep an eye on the property market in Clapham on a daily basis because it enables me to give the best advice and opinion on what (or not) to buy in Clapham, be that a buy-to-let property for a Clapham landlord or an owner occupier house for a home owner. So, I thought, how could I scientifically…

8% More Clapham Home Owners Wanting to Move Than 12 Months Ago

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As I have mentioned a number times in my local property market blog, with not enough new-build properties being built in Clapham and the surrounding area to keep up with demand for homes to live in (be that tenants or homebuyers), it’s good to know more Clapham home sellers are putting their properties on to the market than a year ago.

At the start of 2007 there were 1,098 properties for sale in Clapham but by March 2008, when the credit crunch was really beginning to bite, that number had risen to 2,138 properties on the market at a time when demand was at an all-time low, thus creating an imbalance in the local property market.

Basic economics dictates that if there is too much supply of something and demand is poor (which it was in the Credit Crunch years of 2008/9) … prices will drop. In fact, house prices dropped between 15% and 20% depending on the type of Clapham property between the end of 2007 and Spring 2009.

However, over the last five years, we have seen a steady dec…