ŠLondon 2012
update PRS
autumn / winter 2011
Private Rented Sector
inside...
Property Ombudsman Chris Hamer on Agency Best Practice Mark Weedon, Head of UK Residential Services, IPD on Winning Over The Residential Doubters Baroness Ford, Olympic Park Legacy Company on Creating A Lasting Legacy Liz Peace, CEO, British Property Federation In Conversation
Olympics, Regeneration and Infrastructure Focus
Award Winning Letting and Management
Southwark Hub
Canary Wharf Hub
128 Webber Street, SE1 0QL +44 (0)20 7593 3300
30 Marsh Wall, E14 9TP www.younglondon.co.uk BEST LETTINGS AGENCY LONDON UK Young London
OVERALL BUSINESS OF THE YEAR
BEST SMALL BUSINESS
BEST BUSINESS FOR INNOVATION
+44 (0)20 7531 7700
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Risk and Reward of Common investments sizes indicate relative returns over a 10 year period, 2000 - 2010
retail
residential
office equities industrial
HIGH RISK
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LOW RISK
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BEST LETTINGS AGENCY LONDON UK Young London
OVERALL BUSINESS OF THE YEAR
BEST SMALL BUSINESS
BEST BUSINESS FOR INNOVATION
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80
% of Investors Considering Purchasing Addi onal Property (12 month outlook)
70 60 50 40 30 20 10 0
Average Hold Period (years)
Q4-2007 Q1-2008 Q2-2008 Q3-2008 Q4-2008 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011
London
UK
16 14 12 10 8 6 4 2 0
Q3-2008
Q4-2008
Q1-2009
Q2-2009
Q3-2009
Q4-2009
Q1-2010
Q2-2010
Q3-2010
Q4-2010
Q1-2011
Q2-2011
(12 month outlook)
100 80 60 40 20 0
Q4-2007
Q1-2008
Q2-2008
London
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Q3-2008
Q4-2008
Q1-2009
Q2-2009
Q3-2009
Q4-2009
UK (Outside London)
Q1-2010
Q2-2010
Q3-2010
Q4-2010
Q1-2011
Q2-2011
PARKING IS
NOT
A
PERK
By let separ can m £2340
£45 pw Canary Wharf
£35 Kings Cross
£30 Hackney
£27.50 Borough
£25 Elephant and Castle
£24 Greenwich
£22.5
Earlsfie
)ÂŁ( raey rep tneR
tting a car parking space rately to a property, you make up to an additional 0 extra each year.
ÂŁ
annum
2340
1820
1560
1430
1300 1248
50
1170
eld
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younggroup.co.uk
Young Group works with investors, developers and private individuals, and has been actively shaping the Private Rented Sector through research, investment, finance and asset management since 2003. Young Group delivers day-to-day asset management through Young London, our lettings and management business, which has won multiple awards from The Times, The Sunday Times, Bloomberg and HSBC for the quality of its service. If you hold Private Rented Sector assets, we can help drive improved returns. We’d love to talk about how: Neil Young ACMA Chief Executive Officer nyoung@younggroup.co.uk
David Mackenzie FCMA Director of Asset Management dmackenzie@younggroup.co.uk
Through Young London, we manage clients’ portfolios (from single to multiple units) of Private Rented Sector assets throughout London, from two operational hubs. Feel free to call in and meet the team.
Canary Wharf Hub 30 Marsh Wall London E14 9TP +44 (0)20 7531 7700
Southwark Hub 128 Webber Street London SE1 0QL +44 (0)20 7593 3300
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