Edingtons Property Search
London City at night
The Market
The first quarter of 2009 saw the continuation decline of a house market downturn whose severity matched the meteoric growth that preceded it. However, nine months on, the mainstream housing market now stands at the same level as in September 2008. The return to growth started in March 2009 and every month since then has seen modest increases fuelled by the drop in interest rates, a lack of housing stock and cash rich buyers deciding to transact.

Prime markets also benefited from this general recovery. With best in class properties always in short supply and steady demand from buyers not reliant on raising large mortgages, competition is ever present and this has helped drive prices up.
We noticed a definite turnaround in the London market in the second quarter of 2009 and have this year acted for buyers with budgets ranging from £350,000 to £4m. Our clients’ sentiment is that the worst of the decline is over, 2010 will not see any significant further decline and that it is time to make decisions that were put off in 2008.

Whilst 2010 holds a certain amount of uncertainty politically and economically we do not envisage any significant decline either and think that good buying opportunities will continue to present themselves to people willing to undertake the research and negotiation required.
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News in General
From first time buyers in Clapham and Highgate to foreign investors in Belsize Park, we have this year, as in 2008, acted for a range of clients with differing budgets and briefs.

Our highest value search was for a client relocating from Chiswick to Chelsea. We found a fantastic house that offered wonderful lateral space with a ‘child friendly’ garden in a prime location and we negotiated over £400,000 off the asking price.
Our quickest search was in Crouch End where we found a perfect apartment for two psychotherapists in need of a home to live and a quiet space from which to run their successful counselling business. Time was of the essence and we found the perfect property within a week. They were keen to include their experiences of our service on their blog, click here to read more.
Sam & Dan
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London in the snow

What our clients say...

“We retained Edingtons to help us find an apartment in central London. Not knowing the market well and seldom being in London to view properties we needed someone to help with the search. Over the course of several visits, Edingtons introduced us to a range of apartments and quite quickly identified a wonderful apartment in Belgravia.

As well as negotiating the terms they supported us throughout the process. We were very happy with the service they gave and would recommend them to our contacts without reservation."

Founding Chairman, Kohn Pedersen Fox Associates

For more testimonials from past clients click here.

Edingtons continues to enjoy a high level of referrals from past clients and we would like to extend our thanks to you all for helping make 2009 the success it has been.

London town house
London Houses
Most challenging search of the year!
Our most challenging search of the year was for a client looking to buy in London for the first time. He wanted a two-bedroom apartment in or around Chelsea or in Marylebone and it had to have private access to outdoor space, be within a 5 min walk to a tube.

We registered with over 100 estate agents across the five areas he was looking in. A market characterised by a real lack of housing stock and high levels of demand required a dogged approach. Keeping in weekly and sometimes daily contact with our agency
contacts was critical to bringing the search to a successful conclusion.

We previewed a huge number of properties and spent several afternoons and weekends chauffering our client to those that matched the brief. Following three months of work the perfect flat was found: a lateral, mansion block apartment offering more space than our client had hoped and acquired at under budget. We introduced our client to a firm of solicitors who managed to exchange contracts within 10 days.
Edington’s Property Management
As part of our extended service to our rental investor clients Edington’s offers a property management service at a very competitive rate of 4% plus VAT. If you have properties currently under management that you would like us to manage we would be happy to discuss your requirements and explain how we operate. We have continued to bring on more property management clients over 2009. We now manage properties across London. Our investor clients have found it very useful to have us deal with the day-to-day issues associated with best
serving their tenants and reassuring to have someone they trust making decisions on their behalf.

Our service covers every aspect of property management; from organising payment of outgoings, arranging routine repairs & maintenance and ensuring the property complies with the latest legislation, to informing utility companies when a change of tenancy takes place.

For more information call us on
+44 (0)20 8789 5394.
Commercial Search
Offices
We have this year helped two clients introduced to us via the residential side of our business with searches for their commercial premises. We recently completed for a private bank moving within St James looking for a modern space in a period property. We are also mid negotiations for an architecture practice moving within Notting Hill looking for lateral office space with the scope to remodel in their unique style.

Both clients had exacting briefs but through extensive research we were able to find suitable premises for both and negotiated very favourable terms.
If your business is looking to relocate and you would like to engage us take on the search do call to explore how we can help.
Christmas Donation to Action for Children
Action for Children

This year, as with last, we will not be sending Christmas cards and have instead made a donation to the children's charity Action for Children.


For more information please visit
www.actionforchildren.org.uk
Edingtons Property Search
1 Princeton Court
Felsham Road
London SW15 1AZ

tel: +44 (0)20 8789 5394
email: info@edingtons.co.uk

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