Cash buyers swoop in on South London Property

The latest data from specialist property lending platform Octane Capital shows that cash buyers are paying on average £27,600 less than mortgage buyers for properties in Great Britain, with the exception of London.

This gap in price has widened over the past 20 months, as rising interest rates have made it more difficult for people to qualify for a mortgage and the cost of living crisis has made it harder to save for a deposit.

In the South West, cash buyers accounted for 38% of transactions between December 2021 and April 2023, suggesting that competition from cash buyers is particularly strong in this region.

What does this mean for South London homeowners?

If you are a homeowner in South London, there are a few things you should keep in mind in light of the latest data on cash buyers.

• Be prepared to negotiate on price. Cash buyers are often in a stronger position to negotiate on price, as they can move quickly and don't have to worry about getting a mortgage approved.
• Present your property in the best possible light. Make sure that your property is clean and well-maintained, and that the photos you use in your advertising are high quality.
• Consider using a reputable letting agent. A good letting agent can help you to market your property effectively and find the right buyer, whether they are a cash buyer or a mortgage buyer.
• If you are selling your property in South London, it is important to be aware of the latest trends in the market and to be prepared to negotiate on price, especially if you are facing competition from cash buyers.

Additional tips for South London homeowners selling their property:

• Target the right buyers. Consider the type of buyers who are most likely to be interested in your property. For example, if you have a family home, you may want to target families with young children.
• Be responsive to enquiries. Buyers expect a quick response from sellers when they enquire about a property. If you are not responsive, you may miss out on the best buyers.
• Be flexible on closing dates. Cash buyers are often able to close more quickly than mortgage buyers, so be prepared to be flexible on your closing date if you are facing competition from a cash buyer.

Down To South London - Omer Mehmet's 8bed HMO

Omer Mehmet practices what he preaches, that's for sure! Not content on being an expert at mortgages he set up for himself and now runs a 16 man strong brokerage. Being the master of creative finance allows him to truly understand property investment and development. We dive further into his progress and talk about his 8bed HMO he's building.

Click here to see the interview!

As always I'm happy to help you so do reach out via email. I love to help other investors old and new find their way in the myriad of strategies that are available. Are you looking for coaching, mentoring or simply after a sourced deal? Do check out my personal website to choose a package for you!

Jeroen Hoppe interviews Ben Wilson about his 7 figure South London Development

 I can't stop networking with fellow investors and developers! This time I reached out to Ben Wilson, a fellow investor who has made a name for himself with some INCREDIBLE specification flats. I discuss a project in SW7 with him and his views on the current market.

A very interesting chat indeed, seen as he specialises in the higher end of the market, a segment that particularly scares me due to the vast numbers involved! check out the video below:

Do stay tuned for property investment tips/tricks and updates and by all means do check out the DownToSouthLondon YouTube Channel for entertaining and informative videos to help you invest with confidence! I also offer coaching on a one-to-one basis so if you are looking to get into property investing and require personal guidance then head on over to www.jeroenhoppe.com.

COVID-19 - The effects (long and short term) on tenant demand - PODCAST OUT NOW!

I had a great discussion with fellow South London investor Areeb Azam about tenant demand in the wake of the lockdown we're under at the moment.

What is happening now? What do we predict for the future? Two real discussions in this episode: the effects on demand due to the corona virus epidemic and the longer term changes in renter demographic and what Areeb is doing to cater to this demand by using clever developing when he builds his units.

Listen to the podcast now on iTunes.

Or on web.

Do stay tuned for property investment tips/tricks and updates and by all means do check out the DownToSouthLondon YouTube Channel for entertaining and informative videos to help you invest with confidence! I also offer coaching on a one-to-one basis so if you are looking to get into property investing and require personal guidance then head on over to www.jeroenhoppe.com.

The truth about HMOs - with Rod Turner

Another day, another podcast! Glad to welcome fellow investor and friend Rod Turner on to the #DownToSouthLondon podcast this time; we frankly discuss the ins and outs of HMO investing, in South London and beyond.

Click here to listen to the podcast.

https://podcasts.apple.com/gb/podcast/down-to-south-london/id1471978277

I hope you enjoy the podcast. As always, If you are looking for help with your property investments please feel free to reach out to me via email. Also, if you are interested in more information on property letting and investments do head over to my youtube channel.

Build to rent - can it be done in South London? Rohit Chopra does it with great success

On today's episode of the #DownToSouthLondon Podcast I interview Rohit Chopra. Rohit has been in property for longer than me and he has made a local success in Peckham! Coming from a retail background he moved over into property and over the years expanded his commercial and residential portfolio in South London. A truly inspiring story! I was lucky enough to be show around the development he currently has going on and I can say it's a very impressive build in terms of size, number of units and sheer work put in to it all. Rohit is a very humble man but don't let that fool you, his journey is one to learn from. Build to rent is his main strategy, see what you can pick up from his interview. Click here to listen to the podcast.

Show notes:

01:00 intro and Rohit's background
03:16 Transition from retail to property
05:30 How to decide what to build on the site
07:00 Where did you find the knowledge from to build?
09:12 Natural progression into bigger and better and the pitfall of too much too soon.
12:00 Overcoming (inevitable) hurdles with contractors
14:50 Rohit's top three lessons in property
18:50 Specialism vs drilling down into a niche
23:00 Risk vs speed
26:00 Focusing on longevity through property development and management
30:52 What's next?


If you're looking to get in touch with Rohit do drop him a line on rohit@radnorproperties.co.uk.


As always I'd love your comments so do send me a line or if you're interested in finding out more about property training or even have me source a suitable investment for you check out www.jeroenhoppe.com

Ro Sharma and his HMO Development in South London

We are LIVE! Many of you have already downloaded and subscribed to the #DownToSouthLondon Podcast, but for those of you that haven't yet - here is a taster. Ro is a good friend of mine and he kindly took the time out of his day to come on the show to talk about his latest HMO Development in Croydon!

If you would like to hear more episodes subscribe to the Podcast on Spotify or iTunes!

As always I'm happy to help you so do reach out via email. I love to help other investors old and new find their way in the myriad of strategies that are available. Are you looking for coaching, mentoring or simply after a sourced deal? Do check out my personal website to choose a package for you!

#DownToSouthLondon - the new property podcast by Jeroen Hoppe

Another exciting month has gone by. I've worked on a few things this month, notably another episode for my "day in the life of..." series on my YouTube Channel - please check it out if you haven't already.

The other thing I've been working on is the #DownToSouthLondon podcast. I've been asked by many of my readers whether I'd be interested in recording one, so I went ahead and interviewed some close friends/colleagues to document what they're doing in an audio format. Stand by, more details to follow later this week once it hits the iTunes store!

As always I'm happy to help you so do reach out via email. I love to help other investors old and new find their way in the myriad of strategies that are available. Are you looking for coaching, mentoring or simply after a sourced deal? Do check out my personal website to choose a package for you!