This page contains a Flash digital edition of a book.
BARBICAN LIFE


Cromwell Tower 3-bed apartment to be let by Frank Harris at £795 a week.


ESTATE AGENTS’ COMMENTS Sales


Nick Scott at Scott City: We have had a very busy last two months with most of our stock going under offer especially


in the Barbican. The Barbican continues to be in high demand with many properties now achieving in excess of the asking price. At present we only have one flat available for sale on the Estate, this shortage of supply is pushing up prices as demand keeps growing. It is difficult in this changing climate to know precisely the value of your property, we would be happy to offer a free valuation with no obligation. Leon Stone at Hamptons International: “After a summer that was busier than expected, Hamptons are expecting the autumn market to really explode as demand continues to increase while supply only remains


Introductory Offer 20% discount for 1st time visitors on hair and beauty treatments*


We specialize in- ➡Hair cutting and colouring. ➡Rejuvenating hair and scalp treatments


➡Hi- lites or low lites ➡Guinot facials ➡Threading. ➡Waxing ➡Ellipse IPL ➡Endermologie ➡Massage ➡Manicure & Pedicure


➡Occasional hair styling & Make – up.


*Minimum spend £20. Please quote “BL” to claim your offer Hair, Nails & Beauty Salon Cissors Palace


1 Lauderdale Tower, Beech Street, Barbican, EC2Y 8BY Telephone: 020 7588 0051


Website: www.cissorspalace.com Email: info@cissorspalace.com 48


steady. Correctly priced properties are achieving asking prices quickly and we’re seeing the return of best bids resulting in sales being agreed at over the asking price. With an uncertain stock market and rising rental figures, we’re seeing a large increase in investors pulling money out of the stock market and buying rental investments, with gross yields now averaging 6%. There is still high demand from local buyers but they’re often finding themselves being outbid by international buyers, especially those from China and more recently India”.


Glen Cook of Hamilton Brooks says, we have had a very busy last 3 months, a small increase in the number of instructions, and all the sales we had under offer have exchanged contracts and completed on time. We then hit the holiday season period from the beginning of July which, as predicted, was pretty quiet, We did have though a small number of new instructions, which went under offer.


The new apartments in Frobisher Crescent are nearly all but sold; at the time of writing we had 2 left (so if anyone wants a last minute ‘Buy to Let’ investment please act quickly!!). The next 3 months we expect a trickle, not a flood, of new sales, if I had a flat I was thinking of selling in the next 6 months, I would be doing it in the next few, who knows what’s around the corner.


Lettings Glen Cook: The rental market is still very good if you are a landlord that is, the demand seems to be focused on the under £500 per week bracket, over that, demand is considerably lower. Jack Davison at Scott City: News that the City jobs market is recovering and pay is rising after the dark days of 2008 and 2009 is excellent news. Though there are always prospective tenants from overseas looking for a base, there are an increased number of clients looking for a pied a terre. A number of properties we have had available in the Barbican have been proven to go within a number of days of coming onto the market. We have seen a 10% continued rise, from the winter, in rental prices throughout the Barbican, proven by a small style studio in Breton House achieving £290 per week. As ever, all types of Barbican properties are urgently required.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56