After a very successful day at the South East Property Expo, we would like to thank everyone who took the time to visit us.

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With the annual South East Property Expo fast approaching. HNF Property are pleased to announce that we have secured two large stands at the event. With one stand dedicated to company awareness offering information on the companies services. We have a second stand set up as an “Advice Centre” where our team of experts will be ready to give free advice and guidance on “Commercial & Residential Agency” “Property Management” “Lease Extensions & Valuation” and other property related matters.

The event is being held at The Hop Farm, Maidstone Road, Paddock Wood, TN12 6PY, and on behalf of all the team here we look forward to seeing you.

Hnf was instructed on a highly reversionary retail investment in Norbury on 27th July 2017. With our client requiring a quick sale we undertook an intense marketing process offering the property to known investors known to be buying from existing resources and able to meet a tight timetable. Several offers were received below the asking price but after negotiations, a sale was agreed at our asking price of £1.35m with an established buyer with a good track record. Solicitors were instructed on the 3rd August. We assisted the vendor arranging some amendments to title plans and the matter exchanged contracts on 20th August, completing some 2 weeks later. Thus, from instruction, our client had receipt of the proceeds of sale within 5 weeks. The investment was sold at a gross yield of under 3% reflecting its highly reversionary nature and future development potential.

Please see the link to the details. If you have investment or development stock you would like to dispose of, contact us now and we will be happy to offer initial advice, free and with no obligation.

Brompton Square

Part of the portfolio that we manage includes an attractive double fronted building overlooking Brompton Square in Knightsbridge.

Located immediately opposite Harrods, the building stands in a quiet oasis literally seconds’ walk from the hustle and bustle of Knightsbridge and the Harrods store.

Typical of a London Square, the building overlooks small private gardens in the centre, to which the residents have access.

One of our favourite buildings with an interesting and friendly array of leaseholders. Refurbishment to the exterior was completed in approximately 3 months, with the main challenge being access to the rear where the tight and dense developments around London Streets made access impossible without taking scaffolding up and over the building itself.

Nationwide’s latest index showed annual house price inflation has eased from 9.9% in the second quarter of 2016 (April to June) to 7.1% in the quarter July to September 2016. These were still above the national average of 5.4%. Prices have risen by 1% in the third quarter of 2016, roughly a quarter of what was achieved in the summer of 2015. London prices continue to rise quicker than the remainder of the country.

It is widely predicted however that price increases in London and the Greater London Boroughs will slow from these heights and a recent survey by Jones Lang Lasalle predicts that between 2016 and 2030 price increases per annum will be between 6.67%, the highest for the outer London Borough, to 4.67% for the City of London, basically demonstrating that there will be more price growth for the outer London Boroughs than for the inner London Boroughs which are being affected by oversupply and predicted lessening of demand as a result of Brexit. Historically high prices appear to have hit their peak and a reduction in volumes.