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BARBICAN LIFE


John Trundle Court – Scott City has a small style studio for sale at £285,000


Glen Cook at Hamilton Brooks: “No real change this quarter, despite the worsening Euro situation and our own economic uncertainty, we still have a huge under- supply of stock - We have no shortage of cash rich, mortgage ready buyers, but no sellers. With this in mind I think prices in the Barbican will rise, which seems a strange prediction, but I think in 2012 we could easily see a 10% increase.


Large Barbican Studio to rent by Hamptons International at £340 a week


parts of London are seeing a slowing in demand and even seeing prices drop in some cases.!! We still require Barbican apartments for many clients looking to live or invest in the Estate and would be happy to offer a free valuation with no obligation.”


Overall sales in 2011 (we sold the most expensive Wallside House at £2,150,000) and rentals ( we achieved £900 per week for a Tower flat) have been very good for Hamilton Brooks, we will also have completed on the last of the 69 units in Frobisher Crescent.”


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➡Occasional hair styling & Make – up.


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


Website: www.cissorspalace.com Email: info@cissorspalace.com 52


LETTINGS


Nicola Mulkerrins at Hamptons International: “We have had a very active past couple of months with demand outstripping supply and we see this continuing as Tenants look for good quality, well priced rental properties in good central locations. With the challenges that face first time buyers and the confidence in the economy uncertain, we are witnessing more Tenants preferring


to be closer to the workplace and are also seeing a trend of tenants co-habiting with friends and colleague in order to share living costs. Demand as always continues to be 1, 2 & 3 bedrooms flats. If you are thinking of letting your property please call us for a market appraisal with no obligation on 0207 236 8399. Hurford Salvi Carr notes: “According to figures recently released by ARLA (The Association of” Residential Letting Agents), the average amount of time tenants are currently staying in occupation is 19 months – an increase of 21% since records began in 2004. The vast number of people now renting in England has increased by a dramatic 56% since 2004, which now accounts for over 20% of all households. With a limited supply of new property and rents now tipping the scales of the previous market peak of 2008, tenants who are coming towards the end of their term now find themselves with fewer options than they previously had – A stark contrast to the preceding three years when low rents gave hard negotiating tenants the luxury of either staying where they were for less money, or upgrading to bigger and better properties with either no or minimal rent increases.


The private rented sector (PRS) is as strong now as it ever has been; London's resurgent rental values have resulted in attractive inflation beating yields, and the supply and demand scales now appear to be firmly tipped back in favour of the Landlord.


The economic reasons behind renting have always been clear, but in recent times it has become more socially acceptable bringing us in line with our European counterparts such as Germany where renting is the norm.”


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