Picking the cherry

A recent Hometrack survey shows that 373,000 property transactions have been stalled as a consequence of the current lockdown, worth about £82bn

Sow & Reap

Interesting times.  Currently, we are being fed information regarding something we cannot see or have a grip off.  Therefore, we are lapping up all we are fed.  Even the official narrative does not make sense, even within its own narrative.

There is a property in a prominent location in Holborn, notably near to Bury Place, where the first Hare Krishna Temple in Britain was opened in the 70s, which keeps turning up to auction, but doesn’t sell.  Normally a property may come up once...

A contact of mine purchased a place of worship classified under usage F.  It was in North West London.  Not a particularly attractive building, two stories, with no outside space, bar a couple of car parking spots, in a not so attractive location,...

1. a system of religious veneration and devotion directed towards a particular figure or object.2. a person or thing that is popular or fashionable among a particular group or section of society.

It’s not easy to find a margin in property deals, as information is abundant and there are no barriers to entry.  On top of this, there is a strong faith in the UK property market, more so than most countries.    

We are in the midst of closing a deal which is a shop and uppers; it’s seconds away from a train station, which is always a good thing. This will ensure minimal void periods. The area is very patchy, one can see it was very dominated with immigrants...

A client has approached us with the idea of remortgaging his residential property in order to purchase another on a BTL basis.  He also has about £100K in the bank, not doing very much.   

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