Sales & Lettings 020 7871 4444
Sales & Lettings 020 7871 4444
Block & Property Management 020 7812 0480
Islington Properties attended the ARMA annual conference on 10th November – the UK’s largest residential leasehold conference.
The theme of the conference was ‘Raising Our Voice’ – reflecting ARMA’s ambitions to grow its membership, exert increasing influence in the residential leasehold sector and promote its involvement in shaping legislation.
A variety of excellent speakers included award-winning broadcaster and journalist Joshua Rozenburg who acted as moderator for the day. Poplar and Limehouse MP, Jim Fitzpatrick, joint Chair of the All-Party Parliamentary Group on residential leasehold and commonhold, also spoke, as well as Philip Rainey QC, one of the country’s leading legal minds on leasehold.
The conference gave us an excellent feel for the pulse of the industry, an in-depth look at the latest issues affecting property management, detailed analysis of the current technical and legal issues affecting the sector and an opportunity to meet suppliers, both existing and potential new ones, as well as networking with delegates from other firms.
Thanks also to PDC for the kind invitation to the Annual Dinner on 9th November.
As we all digest the news that the UK has decided to leave the EU, our thoughts have naturally turned to what this means to the property market.
Before any major political or economic event there is always uncertainty in the market, and in May the National Association of Estate Agents (NAEA) reported a 3 year low in buyer demand nationally. Whilst the triggering of Article 50 and our exit from the EU is inevitably some time off, the fact that a decision has been made means that both buyers and vendors who have been holding off for the result can now make decisions and move forward. We saw this kind of uncertainty after the 2008 market crash and before long the London property market bounced back to be as buoyant as ever.
Whilst the general feeling is that it is unlikely that the market will return to normal in the near future and that we may see a fall in house prices, the fundamental fact remains that demand for good quality property in London is still far greater than the supply. This, coupled with the fact that interest rates are expected to remain low (or even fall) means that the central London property market still remains attractive for homeowners and overseas investors alike.
We undoubtedly face a period of uncertainty but London continues to be one of the most desirable cities in the world to live in. If you’re thinking of selling or renting your home we would love to help and are happy answer any questions you may have – please give our Sales and Lettings Manager Joshua a call on 0207 812 0480 or pop in to our Upper Street office for a chat.
We are pleased to bring you our first newsletter, which details important changes in legislation that landlords should be aware of and provides our outlook on the market for this year. Please feel free to contact us if you have any questions or need any more information.
Islington Properties Ltd is an appointed representative (Registration Number 602511) of Clear Insurance Management Ltd, who are authorised and regulated by the FCA - Financial Conduct Authority (Registration Number 307982).