Category Archives: PricePartnership

2018 A cautious start

2018 – A Cautious Start

Chartered Surveyours - Price Partnership

As January slides slowly into history we are still left wondering where property prices will go. We “London-centrics” have seen falls of up to 20% in the higher value parts of Prime Central London (PCL) and a fairly uniform 10% in all other parts. The heady days of 2015 are behind us as a result of tightening mortgage criteria, swingeing increases in stamp duty and all the pervading uncertainty of BREXIT.

The first-time buyer market is however experiencing a noticeable re-vitalisation but the £1.5 – £3 million price band remains in the doldrums. Areas such as Fulham, Wandsworth, Battersea, Hammersmith and Putney continue to show some resilience and there is an indication that people are looking further afield at areas such as Isleworth, Teddington, Croydon and Harrow where good transport links are seen as a trade-off for the downside of increased distance. We await developments in the market with interest.

At Price partnership we have added Matt Hillarby to the team and will later this year have an additional presence this time in West Sussex when Simon moves to the coast near the thriving and historic town of Chichester.

Hannah Moreland

Hannah Moreland

Hannah Moreland
We are delighted to announce Hannah Moreland has joined the team at New Kings Road to provide adminstrative services for our party wall surveyors. Hannah’s talents have recently been under employment in retail, she will now have the opportunity to demonstrate the full extent of her orgainisational skills in assisting Steven, Joe and Jamal on their many and varied appointments under The Party Wall etc. Act 1996.

Events Summer 2017

Events Summer 2017

Simon will be on the lookout for sponsors again! This year’s challenge is the Prudential Ride London – Surrey 100. Yes that’s 100 miles! He is riding for Prostate Cancer UK. Do not attempt to drive in or around London on Sunday 30th July, it won’t be worth the aggravation but do watch the spectacle somewhere along the course.

Surrey 100

Spring 2017 – “That Little Bit Further”

Spring 2017 – “That Little Bit Further”

Noisy Neighbours

The London housing market continues to surprise; we hear tales of stagnation, price sensitivity and falling values but our recent experience is “business as usual.”

We’ve undertaken surveys for buyers ranging from “down-sizers” to first-time-buyers on properties ranging from 1 bed conversions flats to 7 or 8 bedroom family houses.

Our clients have shown their appreciation, particularly when we have drawn matters they had been unaware of to their attention. A particular example was a house in Camden where the effects of HS2 construction over the next 10 years had gone undisclosed by the agents. Another was a flat in Soho where the sound penetration nuisance factor caused a rapid re-think on the part of our client. It’s not always the physical condition of the building that represents the most useful information for the client. We pride ourselves on going that little but further !

Irish Rover

Irish Rover

Colm Gaughan
At the Price Partnership we are sad to announce the departure of Colm Gaughan who is off to satisfy his wunderlust starting in Australia this May. We have enjoyed his company, our clients have appreciated his charm and the craic has been good!

We wish him the very best of luck

Relocation Relocation Relocation

Relocation Relocation Relocation

relocation

Following a frenetic start to 2016 we have moved our London office from Fulham Palace Road to New Kings Road. We are now in Suite 107, 212 New Kings Road, part of the Fulham Green office complex, at the Putney Bridge end.

Our expanding work force was putting pressure on 415 Fulham Palace Road and it is with great excitement that we can announce our move to this attractive warehouse conversion where shortly Ocubis will have finished a fantastic business centre, complete with gym and café facilities. Our stylish first floor offices mean that we are all situated on one level and better equipped to serve our clients’ needs on a day-to-day basis.

Feel free to call in and have a chat about any professional requirements you may have. If you are planning to convert or extend your property, early attention to the Party Wall etc. Act obligations the legislation places upon you can give you the head start you’ll benefit from, rather than suffering the frustrations caused by overlooking this vital and often delay ridden process.

Stop Press!

Stop Press!

stop-press

Steven Vaughan has become an Associate Director of Price Partnership, having gained membership of the Faculty of Party Wall Surveyors in 2015 he continues to major in this discipline, from simple roof conversions to complicated basement projects, he is carving a niche for himself in this specialist field.

We also welcomed Fatima O’Jelad to the practice early in 2016, she is our Administrative Assistant helping smooth the path of our valued clients’ matters.
More staff announcements to follow.

On Yer Bike

On Yer Bike

… if you want to be on time and in good health

Price Partnership take to the road

Even before Boris put London on bicycles, Simon Price was pedalling his way around London. Note the spelling: as a Fellow of the Royal Institution of Chartered Surveyors, he is anything but a “peddler”! Transport for London says the average speed of traffic in central London is just under 9 mph between 7 am and 7pm. “I can double that speed without breaking sweat – and it keeps me fit” adds Simon. He started with one bike and now has three, his enthusiasm firing his insatiable desire for a technologically better, lighter, faster bicycle.

Simon heads a well-established firm of Chartered Surveyors, Price Partnership, practicing from Fulham and concentrating on the moneyed quadrant of London’s south west: Kensington & Chelsea, Hammersmith & Fulham and Westminster north of the river; Battersea, Wandsworth, Putney & Wimbledon to the south of it. He also works in and around Guildford but avoids the cobbled High Street for obvious reasons.

Says Simon: “As a Chartered Surveyor I have a professional obligation to be on time for an appointment and spend as long as is necessary there to do the job. By car, I had to set off early, then feed the meter or pick up fines because I had not finished what I was doing. Sometimes I still take public transport but trains and buses run for their own convenience, not mine”. He recalls Lord Curzon’s famous complaint that the public transport was disappointing as it did not take him to his door. “On a bike, I can save time, frustration, money and have the time to do my job properly.”

His assistants have followed his example. They bought their bikes through the “cycle to Work Scheme” which allows repayment through an adjustment of their National Insurance payments.

No wonder the cycling population has almost doubled to 760,000 since 2000.

Summer is upon us

Summer is upon us

summer-is-upon-us

With the onset of the warm weather we have seen the seasonal decline in activity in the property market. This is a welcome development, work levels have been manic and now we can conclude some of those “long running” party wall matters, implement the planned changes in our office structure and enjoy our individual holidays in July and August.

September usually sees a seasonal upturn. As people return from vacation and sort out their offsprings’ school and university arrangements, they tend to put into action the plans they dreamt up on the sun-lounger. Houses go on the market and new properties are viewed or the prospect of paying stamp duty results in the architect visiting to plan the extension.

We can help with the detailed building survey of your new house or the party wall matters arising from your planned extension. Contact us to talk these through so as to be prepared and avoid surprises. A little bit of planning goes a long way.

Call or email Simon Price, Price Partnership, +44 20 7736 7311 or info@pricepartnership.co.uk

Capital Gains Tax

Capital Gains Tax

capital-gains-tax

It may have escaped your notice that, from 6th April 2015, Capital Gains Tax kicks in for expatriates on gains made from sales of UK residential property. Before this date, you would have been exempt.

This applies to UK residential property whether leased or not whilst the owner is living abroad. The good news is that the gain can be calculated on a valuation completed on or after the 6th April 2015. Put aside the thought that you can claim Principal Private Residence (PPR) because those rules have also been revised.

Today, to qualify for PPR relief, the owner must spend at least 90 days each year living in the UK property; this can be shared between husband and wife.

There are, of course, other tax implications for expats, non-domiciled people, private companies and trusts on which you should be getting good advice from your tax advisor.

The message here is offered by Price Partnership, a Registered Valuer with the Royal Institution of Chartered Surveyors: get your property valued straight away. You might be surprised how much it is worth these days but you will be even more surprised by the amount of CGT you can save by taking this invaluable advice!

Call or email Simon Price, Price Partnership, +44 20 7736 7311 or info@pricepartnership.co.uk