Beresfords Aquire - issue 18 by Beresford Group Ltd.

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In association with The London Office

U N B E A T A B L E C O V E R A G E

As one of the largest advertisers in the region your property will be featured in all the leading property magazines. For further information contact 0800 0121 381

www.beresfordsgroup.co.uk

Town&CounTRy

the cost and the commute Welcome to the 18th edition of our property magazine. You will see from the market comments on the regional section pages that the residential sales market is unpredictable: relatively strong in some parts of the country but in others supply outstripping demand giving an imbalanced market. Generally it is stronger in the middle market than the higher end. Over the last 9 months we have seen the housing market become increasingly polarised. The differential between London house prices and the rest of the Country has never been so great in living memory. In London, prices have risen steadily since the market trough in March 2009 with values in central London having risen by 37%. Average values are now some 11% higher than they were at the peak of the market in March 2008. Strong demand coupled with an ever-dwindling supply of properties has pushed values up by 10.4% in the last year. These sharp price rises

have not discouraged buyers, especially those from overseas, from entering the market. Growth in demand is absorbing the stock volume increases without downward pressure on prices. The key issues of low interest rates and a weak pound are fuelling this demand combined with the on going crisis in the Euro zone, as well as the wider global market uncertainty creating London property as a perceived safe haven. This is in stark contrast to the national average where values have fallen by 2.2% in the past 12 months and are on average still 11% off their peak. This is an average and there will

be considerable regional variancies. This scenario is reinforced by the latest RICS hosing market survey with London the only region to report a positive net balance for house prices and also reports the highest level of new buyer enquiries. So what relevance does this strength in the central London market have to the country market? Traditionally what happens in London ripples out to the regions however up until the autumn, we had seen fewer homeowners in central London leaving for the country with their London equity. They seemed reluctant to move into weaker markets during the renewed economic uncertainty. If they have to move, as their families expand or circumstances change, it tended to be another property (or extend their existing house) in London rather than move out. This in turn has added to the imbalance between high demand and low supply. However we have noted a wind of change in the last month as domestic buyers from London, frustrated with the lack of choice and being out bid by overseas money, are once again turning their attention to the country that they perceive to be good value. Our new applicant register is 110% higher than a month ago. With their buying power they are able to purchase a property with the required outside space and in some cases pay off their historic mortgage and still have equity to put in the bank. These buyers are conscious that, with all the economic uncertainty they are not willing to offer over the market value despite the over inflated expectations of some vendors.

The average London commuter now spends up to 40 days a year travelling to and from work with bus speeds that rival a horse drawn carriage

More people have turned to the lettings sector and as a result rents have continued to increase as demand has out stripped supply. The gap between London and the country is evident. London rentals have risen just over 10% in the year to August and are 4.2% above their peak whereas in the country rentals have grown by 2.9% and remain below the 2007 peak. One of the main drivers of the strong demand continues to be ‘would be buyers’ who have moved to the lettings market after stuggling to raise mortgage finance. There is also emerging evidence of people who are opting to liquefy their property equity and have the freedom to move between areas and into different types of accommodation. Investors have also returned to the ‘buy to let’ market attracted by good yields and the perceived security compared to the uncertainties of the stockmarket.

A 4 bed family home with a small garden in Battersea guide price £1,895,000 (Douglas & Gordon 020 7720 8077)

What might London vendors buy in the country?

A 5 bedroom, 3 reception rooms, family home set in 1.25 acres in West Sussex with fine Downland views guide price £995,000 (Henry Adams 01903 742535)

A 5 bedroom former farmhouse set in 6.9 acres close to Bath and many good schools guide price £875,000 (Cooper and Tanner 01373 455060)

For over 18 years we have acted on behalf of leading provincial estate agents to promote their services and their clients properties to a National and International audience from our strategically placed central London office in the heart of St James’s next to St James’s Palace. Potential purchasers are able to discuss their requirements with professionally qualified staff, who can answer questions about prices, market conditions, commuting times and schools – and even decent local pubs, The London Office is easy to get to for buyers and sellers alike. Visitors have the opportunity to search the entire group’s extensive database of houses using our newly launched website www.thelondonoffice.co.uk and to take hard sets of the property details with them. Our large prominent window displays showing properties from the regions are a magnet to passers by who stop and browse. We have successfully introduced buyers to some of these properties. We have researched the reasons why people move. The majority of applicants move out for their children either for schools or better quality of

life. Lifestyle change either enforced through redundancies or out of choice has jumped up the list. Modern mobile technology has enabled greater flexibility to work from home either part or full time. It is clear that as travel within London becomes more congested more people are realising that commuting from the country can take less time than from their existing London base. The average commuter now spends up to 40 days a year traveling to and from work with bus speeds that rival a horse drawn carriage – meaning the journey to work may be taking longer than 100 years ago. For example the 4.1 mile trip from Hammersmith Broadway to Piccadilly Circus takes 37 minutes on a No 9 bus. In 1906 it took 28 minutes on a petrol motor bus and 38 minutes on a horse-drawn bus.

So where are people looking? The simple answer is all over the UK, clearly those who will have to commute daily will remain within 1 1/2 hour of the capital with the Home Counties, Essex, Sussex, Cambridgeshire and the Cotswolds still the most popular. However, as rail services improve this has brought in areas that traditionally would have been off the radar. These areas include Northamptonshire, Eastern Somerset, Wiltshire, Suffolk and Norfolk. Lifestyle movers will tend to move outside the commuter belt and live in the more scenic and rural areas. In London we work alongside our member Douglas & Gordon to assist Londoners wishing to move out of the capital. Earlier this year we jointly hosted the fifth Move to the Country Show in London. Partners from our regional offices were on hand with all their clients’ properties to enable potential purchasers to talk face to face about their regions and about specific properties. The attendance to the show this year exemplified the continued interest in moving out of the capital or investing in the country. This was symptomatic of the positive ways the group works together to promote clients properties.

Contents Feature Article Town & Country - The cost and the commute

Central London Douglas & Gordon - pages 08 - 11

South East England Spencers of the New Forest - pages 13 - 15 Charters - pages 16 - 17 Oakley Residential - pages 18 - 19 Saddlers - pages 20 - 21 Henry Adams - pages 22 - 24

South West England Cooper & Tanner - pages 26 - 33 Symonds & Sampson - pages 34 - 37

Central England Oliver Minton - page 39 Anker & Partners - pages 40 - 41 Michael Graham - pages 42 - 47 Howkins & Harrison - pages 48

The benefits are not solely biased towards London, but are also evident throughout the network, as purchasers are put in contact with vendors and vice versa. The strength of a dynamic affiliated network of 35 leading firms with 171 offices across the UK should not be underestimated. Many of our members have been part of the network since its inception and there is a close working partnership between the different members and their offices. The strength of the group lies in its combination of individual local knowledge and expertise. Many of the partners have previously worked for large national firms and have taken that experience to their local area to provide a professional and personalised service. They are very conscious that you cannot trade on reputation alone. In this ever-changing industry, it is essential to be proactive, embracing modern technology alongside traditional methods, to ensure the client receives the best service. This bi-annual publication circulated nationwide is an example. We have become used to unusual things happening over the last few years with large corporations closing, well known high street brands disappearing, billions of debt at levels difficult to comprehend, with some countries effectively bankrupt but one thing is certain: the market in the country remains fragile. To sell a property it needs to be correctly priced, marketed to the widest possible audience through a carefully chosen experienced Estate Agent who will genuinely work the hardest and explore every marketing avenue to secure a successful sale.

Whether you are looking to buy, considering selling, contemplating renting or simply requiring general property advice we would be delighted to help.

Eastern England Beresfords - pages 50 - 51 Brown & Co - pages 52 - 53 Cheffins - pages 54 - 61 Clarke & Simpson - pages 62 - 63

Bob Bickersteth Director The London Office 87 St Jamesâ&#x20AC;&#x2122;s Street SW1A 1PL Telephone: 020 7839 0888 E-mail: bob@tlo.co.uk Website: www.thelondonoffice.co.uk

Midlands and Wales Andrew Grant - pages 65 - 67 Balfours - pages 68 - 69 Caudwell & Co - pages 70 - 71 John German - pages 72 - 76 Flint & Cook - page 77

Northern England and Scotland

Piccadilly Circus HA S

L LY

ST RE

National Gallery

Foster Maddison - pages 79 - 81 Rettie & Co - pages 82 - 83

A ICC

ST JA M ES PA

Green Park

Buckingham Palace

Green Park

pages 85 - 88

Overseas

The London Office

St James's Palace TH

St James's Park

Central London

So, what is going to happen in the final quarter of the year? We believe things will cool a little, the lack of property coming to the market will mean that some buyers might get frustrated and postpone their search until the new year. Property prices will continue to rise in London, although not at the rate of the previous two years, due to the fundamental lack of supply and cheap mortgages. Lettings has had a 26% increase, year on year of potential tenants, so the situation is similar to sales, in the rental market. On average, capital values in PCL have increased by 38.9% in the two years to October and rental values by 31.7% over the same period. Growth in the adjoining areas has been capital 22.4% and rental 25% â&#x20AC;&#x153;Inertiaâ&#x20AC;? seems to be one word summary for the property market in London. George Franks Director of Sales Balham - 020 8673 0191 Battersea - 020 7924 2000 Battersea Park - 020 7720 8077 Chelsea - 020 7225 1225 Clapham Southside - 020 8675 4400

East Putney - 020 8788 3000 Fulham - 020 7731 4391 Hammersmith - 020 8563 7100 Kensington - 020 7792 1881 Notting Hill - 020 7727 7777

Pimlico - 020 7931 8200 Southfields - 020 8874 8822 South Kensington - 020 7581 1152 West Putney - 020 8785 6666

estate agents Douglas & Gordon - pages 8-11

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12 . South East England . acquire

Autumn in the New Forest has seen a positive increase in market activity, with renewed demand for all types of property that the National Park offers. The location of the Forest, with quick links to London and proximity to all that the south coast has to offer, has continued to hold appeal for buyers looking for a change of scenery or a second home. We anticipate 2011 remaining positive and look forward to 2012. Rob Batten Brockenhurst - 01590 622551

Burley - 01425 404088

Ringwood - 01425 462600

The summer and autumn months are proving less than bright across the UK with low numbers of sales and falling prices. In Winchester, the outlook is brighter. The town market is proving particularly resilient and strong demand continues to push up prices with properties selling quickly. As instructions ease further, competing demand could well continue to push up prices in Winchester, which should provide encouragement for those considering selling. Robert Mott Winchester - 01962 830880

Over the summer we have really seen a significant increase in London buyers pump priming our local market on the south coast. Both our Brighton & Hove City Office and Lewes Town & Country Home Office have seen a marked increase in buyers who having sold successfully in the Capital. They are looking to reduce their mortgage commitments and improve their standard of life by relocating to a relatively cheaper location, using the benefit of our easy commute to the Capital and enjoying the benefits of the coast and South Downs National Park. Chris Oakley Brighton - 01273 688881

Lewes - 01273 487444

As each year progresses from spring to summer, the beginning of the school summer holidays usually marks the start of a quieter period for the property market, whilst family holidays are taken and parents spend time looking after their little ones. This seasonal transition in 2011 has bucked the trend with a sustained level of healthy activity throughout the holiday period. The village property market in Kent continues to be fuelled by an energetic influx of buyers from the Capital who are keen to move to the countryside and take advantage of the high-speed rail service to London St Pancras (37 minutes from Ashford International). Sales are being agreed, but realistic pricing of property is the key and estate agents have a huge responsibility in managing vendorsâ&#x20AC;&#x2122; expectations in a changeable market place. Paul Martin Charing - 01233 713127

estate agents Spencers of the New Forest - pages 13-15 Charters - pages 16-17 Oakley Residential - pages 18-19 Saddlers - pages 20-21 Henry Adams - pages 22-24

The recent turmoil in the financial world will have an impact for sometime to come. However interest rates should stay low and although prices have dropped back a little this year, the market has been remarkably resilient in our region. Buyers and sellers remain active with accurate pricing and strong marketing, key to a successful sale. Alan Frost Billingshurst - 01403 782991 Bognor Regis - 01403 842123 Chichester - 01243 533377 East Wittering - 01243 672721 Emsworth - 01243 377773

Haslemere - 01428 644602 Horsham - 01403 253271 Middleton-on-Sea - 01243 587687 Petersfield - 01730 262801 Rose Green - 01243 263789

Selsey - 01243 606789 Storrington - 01903 742535 Worthing - 01903 246040

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London SouthCentral West England

Our part of the south west has seen a very good level of sales throughout the summer; August, often a quiet month, was exceptional and the level of sales looks set to continue through the autumn months. The hoped for economic revival seems a fair way off, however we consistently find that correctly priced and marketed property will always find a buyer. Now may be the last chance to buy a good rural property before next spring as the supply is sure to become limited over winter. Martin Hemmett Country House Agency - 01373 455060 Castle Cary - 01963 350327 Frome - 01373 455060 Glastonbury - 01458 831077

Rural Office - 01373 831010 Street - 01458 840416 Warminster - 01985 215579 Wells - 01749 676524

Contrary to expectations, the first half of the year was exceptionally busy. The market is now more sensitive to the global economy and is reflected in the valuing of property. Some potential vendors are sitting on the fence which has meant that there are fewer houses coming to the market which has held up prices and created competition - as ever, a good and well located house will always sell well. Richard Taylor Axminster - 01297 33122 Beaminster - 01308 863100 Blandford - 01258 452670 Bridport - 01308 422092 Dorchester - 01305 265058

Salisbury - 01722 336944 Sturminster Newton - 01258 473766 Wimbourne- 01202 843190 Yeovil - 01935 423526

estate agents Cooper & Tanner - pages 26-33 Symonds & Sampson - pages 34-37

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38 . Central England . acquire

September has seen the traditional improvement in sales levels, but applicant activity at the higher end of the market has slowed down, perhaps due to the current economic turmoil that appears to have returned to the markets. Therein lies the key to what the next 6 months will bring us. Regular price reductions on existing stock (where vendor realism and motivation allows it) are with marketing perseverance, bringing results, slowly but surely. Talk of Christmas and the 2012 Olympics build-up are banned in the offices (!) for a while longer yet, as we work hard to build up reserves for what will, no doubt, be a difficult winter ahead...... Oliver Minton Puckeridge - 01920 822999

Stanstead Abbotts - 01920 412600

The summer months have proved fair and steady and by working hard a healthy level of sales has been achieved. However coming into the autumn market the fragile economy, it seems, will not rejuvenate the market even though interest rates on mortgages are at the lowest levels for more than 20 years. However continued low interest rates should help to foster a feel good factor and if the property market picks up this will undoubtedly provide benefits for the wider economy. Tom Crump Banbury - 01295 271414

When I last wrote my thoughts in the spring edition of the Acquire magazine, I commented, “sellers need to be more realistic about the sensible pricing of their homes”. This has indeed continued throughout the year and, as a consequence, our sales for the first eight months of 2011 have increased by 34 per cent over the same period in the previous year. Moving forward into autumn and winter, we have every confidence in the market being relatively active, although we will always see a slight seasonal deterioration in volumes of sales as the year draws to a close, so pricing and selection of the right estate agent for marketing remains paramount. Simon Hill Aylesbury - 01296 336227 Bedford - 01234 220000 Buckingham - 01280 821100

estate agents Oliver Minton - page 39 Anker & Partners - pages 40-41 Michael Graham - pages 42-47 Howkins & Harrison - page 48

Milton Keynes - 01908 399199 Newport Pagnell - 01908 218860 Northampton - 01604 611011

Olney - 01234 712424 Stony Stratford - 01908 307300 Towcester - 01327 350022

As I write this market comment the sun is shining in probably the best ‘Indian Summer’ on record which we expect will also extend the house buying season, which has been remarkably stable through the year. Despite the turbulence in the world financial markets, demand for quality houses remains consistent with bricks and mortar still being seen as a safe haven. We at Howkins & Harrison are pleasantly surprised with the number of genuine enquiries we have been having and the number of sales in the country house market. Robin Bartram Atherstone - 01827 718021 Daventry - 01327 316880

Henley-in-Arden - 01564 793137 Lutterworth - 01455 559203

Northampton - 01604 823456 Rugby - 01788 564666co.uk

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CentralEngland London Eastern

The Autumn market is traditionally Beresfords second busiest season after Spring and it has started with encouraging signs. There has been some welcome news in the national media recently regarding how confidence is returning to the market. We are delighted to announce that we are finding the property market to be much busier than it has been for some time with purchasers looking to be settled into their new home before the Christmas period begins. Whatâ&#x20AC;&#x2122;s more we have seen a steady stream of properties coming into the market and selling from across the county. As always if the property is good and the price is right, a sale should follow. One sector of the market that is particularly strong at the moment is the buy-to-let market with investors benefiting from a very busy lettings market with rental yields on the rise. There has been much in the press recently regarding the potential performance of pensions and the likelihood of us all having to work much later in life. This has inevitably led to people having to consider other options to secure their future with property seemingly at the top of the list. To conclude, with activity on the rise Autumn could be the opportune time to sell your property. Paul Beresford Country Homes - 01245 397475 Billericay - 01277 626262 Braintree - 01376 348444 Brentwood - 01277 231515 Chelmsford - 01245 500555

Colchester - 01206 764444 Collier Row - 01708 730707 Gidea Park - 01708 730255 Hornchurch - 01708 474034

Ingatestone - 01277 350505 Shenfield - 01277 212111 Upminster - 01708 222200 Writtle - 01245 420880

We started the year full of optimism with plenty of well priced properties across our region providing a good choice for buyers but the market changed over the long Easter break. The economic situation across the world is still bleak and endless talk about a double dip recession and job security has certainly had a serious effect on the property market. Sellers are holding back unless they have a strong reason to sell and buyers are seeking well-priced properties in the best locations. Our offices report plenty of positive activity at the bottom end of the market where cash buyers are looking to beat the banks for a good return and also the very best houses still represent excellent value for money. We are still seeing record prices at auction with regular wellattended sales across East Anglia and the East Midlands. Peter Sargeant Brigg - 01652 654833 Bury St Edmunds - 01284 725715 Ely - 01353 662675 Grantham - 01476 591991

Holt - 01263 713143 Kingâ&#x20AC;&#x2122;s Lynn - 01553 770771 Melton Mowbray - 01664 502120 Norwich - 01603 629871

Retford - 01777 709112 Sheringham - 01263 822488 Spalding - 01775 722321

The first half of 2011 was extremely buoyant with demand continuing to outstrip supply throughout our region. In Cambridge we have seen remarkable market conditions with strong competitive interest amongst prospective buyers, more noticeably at the mid/top end of the local market with exceptional demand for larger family homes in close proximity to schools and railway stations. These favourable conditions have continued throughout the summer, although we are anticipating more challenging conditions as we approach the autumn. Whilst financial markets are unpredictable, we believe that property remains one of the most stable investments. Martin Walshe Cambridge - 01223 214214 Ely - 01353 654900

Haverhill - 01440 707076 Newmarket - 01638 663228

Saffron Walden - 01799 523656

estate agents Beresfords - pages 50-51 Brown & Co - pages 52-53 Cheffins - pages 54-61

We are lucky enough to be selling property in an area of the country that consistently proves popular. When priced realistically during the last few monthâ&#x20AC;&#x2122;s properties have sold well and relatively swiftly. Prices have remained much the same during the last 12 months and there was a good level of activity in the spring and the summer. The autumn months are proving busy but whilst there is no crystal ball, the forecast is looking like the inevitable slower winter. Comparing Suffolk with some other parts of the country, properties are still excellent value for money and the long-term thought is that demand will stay strong. Stuart Clarke Framlingham - 01728 724200

Clarke & Simpson - pages 62-63

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Cheffins

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£Million plus property buyers in Worcestershire continue to come from outside the county region. Over 50% of our registered buyers in this price category are presently based beyond Worcestershire: in London, the Home Counties and abroad. 29% of the current 2011 sales of elite properties are to these buyers: looking for the value and ambience of the countryside yet within easy reach of the Capital and Southeast. France and Dubai based purchasers are particularly active. Gerard Smith Worcester - 01905 734735 Bromsgrove - 01527 579977 Droitwich - 01905 771124

Hereford - 01432 355292 Kidderminster - 01562 60228 Malvern - 01684 563136

Pershore - 01386 554031 Redditch - 01527 66161 Stourbridge - 01384 370232

Odd houses are finding their buyer as they come to the market but otherwise buyers are slow to commit themselves. With the volume of sales across the county each month at about 1/3 the 2004 and 2007 levels the low levels of new houses to the market mean prices are being maintained at the moment. Tim Main Craven Arms - 01588 673314 Hereford - 01981 570727

Much Wenlock - 0845 230 3344 Shrewsbury - 01743 353511

The Derbyshire sales market in common with many other areas of the country has been extremely difficult over the last twelve months; the one winner is the rental market, which has been stronger than ever with increasing numbers of the larger houses being let. The prognosis for the next year is probably similar although if people need to buy and are prepared to take a long-term view then they are still buying albeit mainly paying cash in view of the continued reluctance of banks to lend. Ed Caudwell Bakewell - 01629 810018

There seems to have been much less rain than forecast in our part of the country, and we may be selling more property than forecast in the coming months, but that’s the great thing about the future…..it only comes one day at a time. It is possible however to make the most of the many opportunities this exciting business has to offer every day of every week. Proceedable buyers are taking advantage of the market, realistically priced property is selling well, and there is huge potential in the £350,000 to £750,000 range, many pockets of the most desirable addresses holding values exceptionally well. The invaluable service from The London Office has helped maintain our strong position in that price range and above. Knowledge, experience, results. Facts not forecasts Nick Pollitt

estate agents

Ashbourne - 01335 340730 Ashby-de-la-Zouch - 01530 412824 Burton-on-Trent - 01283 512244

East Leake - 01509 856006 Lichfield - 01543 419121 Loughborough - 01509 239121

Stafford - 01785 236600 Uttoxeter - 01889 567444 West Bridgford - 0115 981 0003

Andrew Grant - pages 65-67 Balfours - pages 68-69 Caudwell & Co - pages 70-71 John German - pages 72-76 Flint & Cook - page 77

A slowdown in the market is currently being experienced in Herefordshire. Some sales are being agreed notably when prices have been driven down by proceedable buyers. A realistic approach to pricing by vendors provides a good chance of a sale resulting. Gerard Flint Bromyard - 01885 488166

Hereford - 01432 355455

Ross-on-Wye - 01989 562009

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www.johngerman.co.uk

76 . Midlands & Wales . acquire

John German

               

Exclusive Development Exclusive Development Mill Farm,

Mill Farm, Ashby-De-La-ZOUCH Ashby-De-La-ZOUCH Plot 1 : 4 bedrooms : £450,000

Plot Plot 2 1 :: 5 4 bedrooms bedrooms :: £550,000 £450,000 Plot 2 : 5 bedrooms : £550,000

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  

FOR FURTHER INFORMATION:

beautiful bespoke living

TEL : 01530 412824

beautiful bespoke living

TEL : 01530 412824

www.johngerman.co.uk

FOR FURTHER INFORMATION:

Midlands & Wales Flint & Cook

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www.flintandcook.co.uk

78 . Northern England & Scotland . acquire

Demand from buyers is relatively brisk but unwillingness by vendors to accept the level of price, which is realistically achievable in today’s market, is sustaining abnormal trading conditions. There is a dark cloud looming in the middle distance in the form of higher interest rates and when that burst brings homeowners flooding to the market it is highly likely to create a perfect storm; oversupply to the market as vendors are pressed into selling will depress prices further and down the price spiral we will go. In the rental sector, rents are rising and this will create a further squeeze on household incomes and increase the demands on first time buyers trying to save for a deposit. However there is a silver lining here, for landlord investors who are currently benefiting from low prices and improving yields and appear set to make significant returns from residential letting whilst other investments and equities remain exceptionally volatile. It is indeed a good time to buy but not, it would seem, if you are a traditional first time buyer. It is also time to accept that we are facing a longer-term shift in the pattern of homeownership and mortgage lending. Neil Foster Hexham - 01434 605441

Lanchester - 01207 528282

Newcastle - 0191 222 1066

The Edinburgh market, although 20% more active than in 2010 in terms of transactional volumes, has been characterised by illogic. It remains very difficult to predict the outcome of promotional campaigns, although realism among sellers and the continuing credibility of Home Reports has created a very welcome and long overdue stability. The “middle market” between £450,000 and £875,000 has consistently outperformed other sectors in the City. Tony Perriam Edinburgh - 0131 2204160 Glasgow - 0141 2484160

estate agents Foster Maddison - pages 79-81 Rettie & Co - pages 82-83

Glasgow West End - 0141 3416000 Melrose, Borders - 01896 824070

Northern England & Scotland Foster Maddison

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www.fostermaddison.co.uk

80 . Northern England & Scotland . acquire

Foster Maddison

www.fostermaddison.co.uk

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82 . Northern England & Scotland . acquire

Rettie & Co

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Northern England & Scotland Rettie & Co

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84 . Overseas . acquire

The overseas property market has been changing constantly since the spring, more or less following events in the UK that have affected confidence both for better and for worse. The core issues are that European mortgage interest rates are still low across Europe as they are in the UK. There are buyers taking advantage of the lower prices and some changes in taxation, available to UK buyers, are intended to encourage purchasers this Autumn. In Spain, for example, the tax applicable to the purchase of new build property, formerly at 8% of the contract price, was reduced in August of this year to 4%. This will apply to all purchases of â&#x20AC;&#x2DC;new buildâ&#x20AC;&#x2122; property until 31st December 2011. In France, the major change is to capital gains tax. Whereby, currently, a property owned for 15 years will not attract any capital gains tax, from 1st February 2012 this will require 30 years ownership to be free from the tax. The latest news from the UK banking sector and the London stock market is one of greater confidence. With prices across Europe at a much more affordable level and exchange rates stable, this Autumn could well be the best time to buy for some years. Paul Baxter 020 7839 0888 Balearics - Mallorca, Ibiza and Menorca Bulgaria - Ski regions and Black Sea coast Canada - British Colombia and Alberta Cape Verde - Sal, Boa Vista, Sao Vicente and Santiago Caribbean - St Lucia and Barbados Cyprus - Country and coast France - West, South west, Riviera and Alpine Ski Greek Islands - Corfu and Crete Italy - Tuscany, Umbria, Calabria, Piedmont and most regions Malta - All regions and Gozo

St Lucia Office

estate agents Overseas - pages 85-88

Monaco - Monaco Monte-Carlo Morocco - Mediterranean coast and Marrakech Panama - Panama City Portugal - Algarve Sardinia - Alghero Spain - Costa Blanca, Costa del Sol, Costa Calida and Murcia Switzerland - Geneva, Vaud and Ticino Cantons USA - New York, Florida and Maine

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86 . Overseas . acquire

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88 . Overseas . acquire

International Property

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Office Network

The London Office Glasgow

key

Edinburgh

Newcastle

Carlisle

Durham

Kendal

York Leeds Manchester

Wolverhampton

Leicester

Milton Keynes

Ipswich

Cheltenham Swansea Reading

Southampton Brighton Torquay

The London Office St James’s Street

020 7839 0888 - Bob Bickersteth bob@tlo.co.uk

Andrew Grant

Beresfords Country Homes

01245 397475 - Martin Young country@beresfordsgroup.co.uk

Billericay

Worcester

01277 626262 - Paul Healey billericay.sales@beresfordsgroup.co.uk

Bromsgrove

01376 348444 - Matthew Lachs braintree.sales@beresfordsgroup.co.uk

01905 734735 - Andrew Grant country.homes@andrew-grant.co.uk 01527 579977 - Julia Simonds bromsgrove@andrew-grant.co.uk

Droitwich 01905 771124 - Jonathan Richards droitwich@andrew-grant.co.uk

Hereford 01432 355292 - Mark Baddeley hereford@andrew-grant.co.uk

Kidderminster 01562 60228 - Debbie Fellows kidderminster@andrew-grant.co.uk

Malvern 01684 563136 - David Cox malvern@andrew-grant.co.uk

Pershore 01386 554031 - Dominique Williams pershore@andrew-grant.co.uk

Redditch 01527 66161 - Matthew Reynolds redditch@andrew-grant.co.uk

Stourbridge 01384 370232 - Janis Borley stourbridge@andrew-grant.co.uk

Anker and Partners Banbury

01295 271414 - Tom Crump post@ankerandpartners.co.uk

Balfours Craven Arms

01588 673314 - Peter Wright enquiries@balfours.co.uk

Hereford

01981 570727 - William Shuttleworth enquiries@balfours.co.uk

Much Wenlock

0845 230 3344 - Jayne Tart lettings@balfours.co.uk

Shrewsbury 01743 353511 - Tim Main sales@balfours.co.uk

area

Central London

area

South East England

area

South West England

area

Eastern England

area

Central England

area

Midlands & Wales

area

Northern England & Scotland

one hundred and seventy one offices Through an extensive network of 35 leading firms, with 171 offices between them, The London Office markets over 21,000 properties a year across the network.

Holt

01263 713143 - Peter Sargeant peter.sargeant@brown-co.com

01223 214214 - Martin Walshe cambridge.residential@cheffins.co.uk

Melton Mowbray

01353 654900 - Mark Peck ely@cheffins.co.uk

Norwich

01440 707076 - Jamie Warner haverhill@cheffins.co.uk

Retford

01638 663228 - Neil Harris newmarket@cheffins.co.uk

Sheringham

01799 523656 - Bruce King saffron-walden@cheffins.co.uk

Spalding

01480 300777 - Michael Houlden stives.res@cheffins.co.uk

01553 770771 - Suzy Martin suzy.martin@brown-co.com 01664 502120 - Ben Wills ben.wills@brown-co.com

Brentwood

01603 629871 - Peter Hornor peter.hornor@brown-co.com

Chelmsford

01245 500555 - Nigel Jessup chelmsford.sales@beresfordsgroup.co.uk

01777 709112 - Jeremy Baguley jeremy.baguley@brown-co.com

Colchester

01263 822488 - Peter Sargeant peter.sargeant@brown-co.com

Collier Row

01775 722321 - Charlie Bryant charlie.bryant@brown-co.com

01206 764444 - Craig Ganderton colchester.sales@beresfordsgroup.co.uk 01708 730707 - Ashley Turner collierrow.sales@beresfordsgroup.co.uk

Gidea Park

01708 730255 - Julian Hall gideapark.sales@beresfordsgroup.co.uk

Hornchurch

01708 474034 - Craig Job hornchurch.sales@beresfordsgroup.co.uk

Ingatestone

01277 350505 - Denise Morris ingatestone.sales@beresfordsgroup.co.uk

Shenfield

01277 212111 - Mike Wilson shenfield.sales@beresfordsgroup.co.uk

Upminster

01708 222200 - Robert Twitchett upminster.sales@beresfordsgroup.co.uk

Writtle

01245 420880 - Sharon Carpenter writtle.sales@beresfordsgroup.co.uk

Brown & Co Brigg

01652 654833 - Jill Bell jill.bell@brown-co.com

Bury St Edmunds

01284 725715 - Robert Fairey robert.fairey@brown-co.com

Ely

01353 662675 - Mike Stubbins mike.stubbins@brown-co.com

Grantham

01476 591991 - Richard Godson richard.godson@brown-co.com

Cambridge

King’s Lynn

Braintree

01277 231515 - Carl Gable brentwood.sales@beresfordsgroup.co.uk

Cheffins

Bryan Bishop & Partners Welwyn

01438 718877 - Martin Bishop general.enquiries@bryanbishop.co.uk

Butler Sherborn Burford

01993 822325 - Sophie Salter bur@butlersherborn.co.uk

Cirencester

01285 883740 - Sam Butler cirencester@butlersherborn.co.uk

Stow-on-the-Wold

01451 830731 - Elizabeth D’Allemagne stow@butlersherborn.co.uk

Campbell's Battle

01424 774774 - Justin May justin@campbellsproperty.co.uk

Caudwell & Co Bakewell

01629 810018 - Ed Caudwell info@caudwellandco.com

Charters Winchester

01962 830880 - Rob Mott winchester@chartersestateagents.co.uk

Ely

Haverhill

Newmarket

Saffron Walden St Ives

Church Gribben Didcot

01235 816222 - Gary Church sales@churchgribben.co.uk

Clarke & Simpson Framlingham

01728 724200 - Stuart Clarke sclarke@clarkeandsimpson.co.uk

Cooper & Tanner Country House and Farm Agency

01373 455060 - Martin Hemmett frome@cooperandtanner.co.uk

Castle Cary

01963 350327 - Amanda Bailey castlecary@cooperandtanner.co.uk

Frome

01373 455060 - Quintyn Howard-Evans frome@cooperandtanner.co.uk

Glastonbury

01458 831077 - Ian Odam glastonbury@cooperandtanner.co.uk

Rural Office

01373 831010 - Michael Joyce standerwick@cooperandtanner.co.uk

Street

01458 840416 - Ian Odam street@cooperandtanner.co.uk

Warminster

01985 215579 - Andrew Colyer warminster@cooperandtanner.co.uk

Wells

01749 676524 - Robert Tettmar wells@cooperandtanner.co.uk

David Burr

East Wittering

Castle Hedingham

01243 672721 - Ben Green bgreen@henryadams.com

Clare

01243 377773 - Philip Plambeck pplambeck@henryadams.com

Leavenheath

01428 644602 - Robert Warren warren@henryadams.com

Long Melford

01403 253271 - Howard Ball hball@henryadams.com

Woolpit

01243 587687 - Simon Smith pplambeck@henryadams.com

01787 463404 - Tim Rutter hedingham@davidburr.co.uk 01787 277811 - Nick Mills clare@davidburr.co.uk 01206 263007 - Peter Hutley leavenheath@davidburr.co.uk 01787 883144 - Steven Ray melford@davidburr.co.uk 01359 245245 - Alex Davies woolpit@davidburr.co.uk

Douglas & Gordon Balham

020 8673 0191 - Toby Turnage balhamsales@dng.co.uk

Battersea

020 7924 2000 - Tamzin Prout battsales@dng.co.uk

Battersea Park

020 7720 8077 - Mark Hutton battpksales@dng.co.uk

Chelsea

020 7225 1225 - Ed Mead chelseasales@dng.co.uk

Clapham Southside

020 8675 4400 - Alastair Summerfield clapsthsales@dng.co.uk

Emsworth

Haslemere Horsham

Middleton-on-Sea Petersfield

01730 262801 - Mark Pelley mpelley@henryadams.com

Rose Green

01243 263789 - Steven Tickner stickner@henryadams.com

Selsey

01243 606789 - Kevin Daymond kdaymond@henryadams.com

Storrington

01903 742535 - John Brennan jbrennan@henryadams.com

Worthing

01903 246040 - Clive Rainford crainford@henryadams.com

Howkins & Harrison Atherstone

East Putney

01827 718021 - Peter Bennett atherstone@howkinsandharrison.co.uk

Fulham

01327 316880 - Alex Clarke davproperty@howkinsandharrison.co.uk

Hammersmith

01564 793137 - Pat Phillips pat.phillips@howkinsandharrison.co.uk

Kensington

01455 559203 - David Clarke david.clarke@howkinsandharrison.co.uk

Notting Hill

01604 823456 - Robin Bartram northproperty@howkinsandharrison.co.uk

020 8788 3000 - Simon Barker putneysales@dng.co.uk 020 7731 4391 - Emma Hanks fulhamsales@dng.co.uk 020 8563 7100 - Henriette Redgrave hammersmithsales@dng.co.uk 020 7792 1881 - Maddie Lewington kensales@dng.co.uk 020 7727 7777 - Maddie Lewington nhsales@dng.co.uk

Pimlico

020 7931 8200 - Alexander Leschallas pimlicosales@dng.co.uk

Southfields

020 8874 8822 - Maddie Miller sthfldssales@dng.co.uk

South Kensington

020 7581 1152 - Caroline Anderson kensales@dng.co.uk

West Putney

020 8785 6666 - James French wputneysales@dng.co.uk

Douglas Gribben Wantage

01235 766222 - Graham Douglas sales@douglasgribben.co.uk

Flint & Cook Bromyard

01885 488166 - Gerard Flint bromyard@flintandcook.co.uk

Hereford

01432 355455 - Jonathan Cook hereford@flintandcook.co.uk

Ross-on-Wye

01989 562009 - Paul Watkins rossonwye@flintandcook.co.uk

Foster Maddison Lanchester

01207 528282 - Gillian Walker gillian.walker@fostermaddison.co.uk

Hexham

01434 605441 - Dan Maddison dan.maddison@fostermaddison.co.uk

Newcastle

0191 222 1066 - Neil Foster neil.foster@fostermaddison.co.uk

Henry Adams Billingshurst

01403 782991 - Richard Baker rjbaker@henryadams.com

Bognor Regis

01403 842123 - Alan Frost afrost@henryadams.com

Chichester

01243 533377 - David Vawdrey dvawdrey@henryadams.com

Daventry

Henley-in-Arden Lutterworth

Northampton Rugby

01788 564666 - Robert Eyton-Jones property@howkinsandharrison.co.uk

John Curtis Harpenden

01582 764471 - Ken Whittaker enquiries@johncurtis.co.uk

Wheathampstead

01582 839200 - Mark Lumley enquiries@johncurtis.co.uk

John German

Jones Robinson Liddicot Oxford

01865 487272 - Simon Liddicot sales@jonesrobinsonliddicot.co.uk

Michael Graham Aylesbury

01296 336227 - David White salesa@michaelgraham.co.uk

Bedford

01234 220000 - Richard Banks salesbe@michaelgraham.co.uk

Buckingham

01280 821100 - Paul Elliott salesb@michaelgraham.co.uk

Milton Keynes

01908 399199 - Steve Emes salesmk@michaelgraham.co.uk

Newport Pagnell

01908 218860 - Karen Beecher salesnp@michaelgraham.co.uk

Northampton

01604 611011 - Stuart Headland salesn@michaelgraham.co.uk

Olney

01234 712424 - Gavin Mills saleso@michaelgraham.co.uk

Stony Stratford

01908 307300 - Chris Durrant salesss@michaelgraham.co.uk

Towcester

01327 350022 - Richard Irlam salest@michaelgraham.co.uk

Mitchells Highcliffe on Sea

01425 272206 - Ben Jenkins ben@mitchells-estateagents.co.uk

Oakley Residential

01273 487444 - Bryn Thomas brynt@oakleyresidential.com

Oliver Minton

01543 419121 - John Stevenson lichfield@johngerman.co.uk

Loughborough

01509 239121 - Scott Mellors loughborough@johngerman.co.uk

Stafford

01785 236600 - Paul Barnes stafford@johngerman.co.uk

Uttoxeter

01889 567444 - David Woodcock uttoxeter@johngerman.co.uk

West Bridgford

0115 981 0003 - Peter Whitehead westbridgford@johngerman.co.uk

Jones Robinson Newbury

01635 35010 - David Jones sales@jonesrobinson.co.uk

Lambourn

01488 73337 - Paula Rudge lambourn.sales@jonesrobinson.co.uk

Plymouth

01752 223933 - Roger Punch plymouth@stags.co.uk

South Molton

01769 572263 - Robert Ayre south-molton@stags.co.uk

Taunton

01823 256625 - Charles Hunt taunton@stags.co.uk

Tiverton

01884 256331 - Lee Flay tiverton@stags.co.uk

Torquay

01803 200160 - David Lewis torquay@stags.co.uk

Totnes

01803 865454 - Peter Symons totnes@stags.co.uk

Truro

01872 264488 - Ian Osborne truro@stags.co.uk

Wellington Yeovil

Symonds & Sampson LLP Axminster

01297 33122 - Paul Longridge-Berry plb@symondsandsampson.co.uk

Stanstead Abbotts

01308 863100 - Sue Melhuish smelhuish@symondsandsampson.co.uk

01920 822999 - Oliver Minton oliver@oliverminton.com 01920 412600 - Daniel Hay sales@oliverminton.com

Rettie & Co Edinburgh

0131 220 4160 - Tony Perriam tony@rettie.co.uk

Glasgow

0189 682 4070 - Rob Taylor borders@rettie.co.uk

Lichfield

Okehampton

01837 659420 - Mark Berry okehampton@stags.co.uk

Puckeridge

Burton-on-Trent

01509 856006 - Scott Mellors eastleake@johngerman.co.uk

Launceston

01566 774999 - David Robinson launceston@stags.co.uk

01935 475000 - James Green yeovil@stags.co.uk

0141 341 6000 - Maitland Walker glasgowwestend@rettie.co.uk

East Leake

Kingsbridge

01548 853131 - Chris Kivell kingsbridge@stags.co.uk

Lewes

01273 688881 - James Epps jamese@oakleyresidential.com

Ashby-de-la-Zouch

01283 512244 - Phillip Sandbach burton@johngerman.co.uk

Honiton

01404 45885 - Toby Clayton honiton@stags.co.uk

01823 662822 - Ashton Greed wellington@stags.co.uk

0141 248 4160 - Geoff Lockett glasgow@rettie.co.uk

01530 412824 - Kathryn Jordan ashbysales@johngerman.co.uk

Exeter

01392 255202 - Simon Cooper exeter@stags.co.uk

Brighton

Ashbourne

01335 340730 - James Morgan ashbourne@johngerman.co.uk

Dulverton

01398 323174 - Kevin Clarke dulverton@stags.co.uk

Glasgow West End Melrose, Borders

Saddlers Kent

01233 713127 - Paul Martin property@saddlersresidential.co.uk

Spencers of the New Forest Brockenhurst

01590 622551 - Rob Batten brockenhurst@spencersnewforest.com

Burley

01425 404088 - Alan Mould burley@spencersnewforest.com

Ringwood

01425 462600 - Mark Youngman ringwood@spencersnewforest.com

Stags Barnstaple

01271 322833 - Simon Forman barnstaple@stags.co.uk

Bideford

01237 425030 - James Carroll bideford@stags.co.uk

Bridport

01308 428000 - Chris McCaughey bridport@stags.co.uk

Dartmouth

01803 835336 - Matthew Taylor dartmouth@stags.co.uk

Beaminster Blandford

01258 452670 - Stuart Warnock swarnock@symondsandsampson.co.uk

Bridport

01308 422092 - James Pellow jpellow@symondsandsampson.co.uk

Dorchester

01305 265058 - Richard Taylor rtaylor@symondsandsampson.co.uk

Salisbury

01722 336944 - Chris Husson-Martin chm@symondsandsampson.co.uk

Sturminster Newton

01258 473766 - Mark Lewis mlewis@symondsandsampson.co.uk

Wimborne

01202 843190 - Calton Stockley cstockley@symondsandsampson.co.uk

Yeovil

01935 423526 - Stephen Hennessey shennessey@symondsandsampson.co.uk

Bespoke mortgage advice for high net worth individuals

Telephone:

0800 389 9986

experience: the difference www.beresfordsgroup.co.uk YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Presence throughout Essex, Central and Greater London Country Homes Chelmsford 01245 397475 country@beresfordsgroup.co.uk

Country Homes Colchester 01206 764000 countryhomes@beresfordsgroup.co.uk

Billericay 01277 626262 billericay.sales@beresfordsgroup.co.uk

Braintree 01376 348444 braintree.sales@beresfordsgroup.co.uk

Brentwood 01277 231515 brentwood.sales@beresfordsgroup.co.uk

Chelmsford 01245 500555 chelmsford.sales@beresfordsgroup.co.uk

Colchester 01206 764444 colchester.sales@beresfordsgroup.co.uk

Gidea Park 01708 730255 gideapark.sales@beresfordsgroup.co.uk

Hornchurch 01708 474034 hornchurch.sales@beresfordsgroup.co.uk

Ingatestone 01277 350505 ingatestone.sales@beresfordsgroup.co.uk

Shenfield 01277 212111 shenfield.sales@beresfordsgroup.co.uk

Upminster 01708 222200 upminster.sales@beresfordsgroup.co.uk

Writtle 01245 420880 writtle.sales@beresfordsgroup.co.uk

www.beresfordsgroup.co.uk

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