Property News & Market Comment

In his inimitable way, the legendary football manager Brian Clough once famously said, “they say Rome wasn’t built in a day, but I wasn’t on that particular job”.  In the lettings business, similarly, we are well versed in finding solutions quickly.  We manage many thousands of properties on behalf of our clients.  In order to do this effectively and efficiently, we have centralised our property management and renewals so that we have dedicated teams of specialists working to… more

As a cursory glance through the Sunday supplements will confirm, when it comes to the beginning of the year, knowledgeable commentators will inevitably try to map out their view of the property market and make predictions about the future. It can be especially difficult to read between the lines and separate the good advice from the bad. At John D Wood & Co., our agenda is simple. To provide the best possible advice to our clients to enable them to make informed decisions. … more

The property market has moved on since 2007 and it seems unlikely, in the foreseeable future, to return to those levels of activity. Last year we again sold well over £1 billion worth of our clients’ property and as we start 2013 we have instructions to sell property valued at a further £1.2 billion, so we have sufficient to cater for most tastes. In 2012 we expanded our central London network of offices, opening in Clapham and Ladbroke Grove, to provide a better Sales and… more

In the Budget the Government made changes to the taxation of property which revolves around ‘non natural persons’ ( NNP s) who own UK property worth more than £2 million. The definition of NNPs is wide enough to cover most corporate or trust structures. These could be companies, collective investment schemes and partnerships which have a company as a partner wherever they are resident. However, for the annual charge and the 15% SDLT rate we understand trusts may be… more

As we enter the final months of 2012 I can report that the market has picked up its pace and the continuing shortage of property is maintaining values in the prime areas of central London. The demand has undoubtedly been boosted by the continuing economic uncertainty in Europe and the civil war in Syria, both of which are driving international investors to London. More than 50% of our Central London properties are currently being sold to international buyers. Overseas purchasers… more