Ichiban Group UK

Ichiban Group UK We believe financial advice is about more than just having a plan. Our professionals provide the adv

For all types of Property Deals, Property Funding, Property Management backed with 35 Yeats of experience. Property funding for National and International Clients
Email [email protected]

Www.ichibancapital.com for all types of property funding
19/09/2021

Www.ichibancapital.com for all types of property funding

Our work draws on more than 35 years of experience, Whether commercial or residential, we provide a quick, efficient and professional service with minimum fuss and total discretion.

We are starting a database to send Below Market Value properties and also Residential Development sites. Some of these a...
23/03/2021

We are starting a database to send Below Market Value properties and also Residential Development sites. Some of these are distressed sales.

Such properties will also be with finance available (Subject to Status)

Anyone who wishes to be included in the database please email me the following;

- Email
- First Name
- Last Name
- Full address including Post Code
- Mobile number

My email is [email protected]

Our work draws on more than 35 years of experience, Whether commercial or residential, we provide a quick, efficient and professional service with minimum fuss and total discretion.

House prices have increased by 1010% since 1980, and that’s 24 times the rate at which annual salaries have increased, a...
11/09/2020

House prices have increased by 1010% since 1980, and that’s 24 times the rate at which annual salaries have increased, according to personal finance comparison website finder.com.

Finder’s historical price tracker has analysed the average price of a range of common items since 1980 to see which ones experienced the biggest increases and how these compare to annual income and inflation.

Since 1980 inflation has risen by 255% while annual salaries have jumped by just 43% meaning that inflation has increased 6 times the rate that annual income has, implying Brits are not receiving enough compensation to cope with the ever increasing cost of living.

However, house prices aren’t just beating salaries, they have also risen far above inflation by sitting at almost 4 times the rate of inflation. As house prices have become more unaffordable against salaries this may explain why Brits are turning to renting more frequently than before.

Similarly, both the cost of 1st class stamps and petrol have increased above inflation over this time period by rising 483% and 353% since 1980 respectively. While, the cost of a pint of milk and loaf of bread sit below inflation, jumping only 159% and 191% respectively.

House prices soar by 5.2% – but this growth can't be sustained, says Halifax. The building society said the average price of a home hit £245,000 for the first time on record.

(more information in the sources below:)

25/08/2020
Property sales are up by 20 per cent and average asking prices have risen by £10,000 in the four weeks since a cut in st...
24/08/2020

Property sales are up by 20 per cent and average asking prices have risen by £10,000 in the four weeks since a cut in stamp duty, according to Bank of England data-

Despite confirmation that the country is now in the depths of recession, average asking prices are £30,000 higher and thousands more sales are being agreed each week than before the lockdown from March 27 to May 13. However, analysts believe the rise is a bubble, and the true effects of the economic crash are yet to arrive.

When Chancellor Rishi Sunak gave his Summer Statement last month, many people were surprised to learn that buy-to-let investors would be benefiting from the stamp duty holiday.

The punitive stamp duty rates for multiple homeowners, corporate buyers and properties costing over £925,000 have been a real bugbear for the property industry since they were introduced by George Osborne in 2016. They were intended to reduce activity and cool down the overheated market in these sectors and certainly seemed to be achieving this. So, it came as a pleasant surprise to estate agents when Sunak included all property purchases in the stamp duty holiday in his efforts to restimulate the property market following lockdown.

Although property investors and second homeowners must continue to pay a 3% stamp duty surcharge on purchases, they now pay nothing else on the first £500,000 of the property’s value as a result of the holiday. For an investor buying a £500,000 property, this halves the rate of duty payable from £30,000 to £15,000.

In the weeks that followed Sunak’s announcement, Zoopla recorded a 15% rise in buyers looking for investment properties and at Yopa we have seen similar interest from savvy investors...

* (more information in the sources below:) *

Ministers have extended the ban on landlords evicting tenants in England and Wales until 20 September, following fears t...
24/08/2020

Ministers have extended the ban on landlords evicting tenants in England and Wales until 20 September, following fears thousands could lose their homes-

In England - except in certain circumstances - renters will get six months' notice of their landlord's plan to evict them until March 2021.

Shelter Cymru said private renters were among the hardest-hit by the pandemic.

The Welsh Government said it would keep its own six-month notice period, due to expire in September, "under review".
There are calls for renters in Wales to get more protection from eviction over fears that homelessness services could "crack" under increased demand.

Shelter wants ministers to use emergency coronavirus powers to give renters in Wales the same protection as those in England.

In Scotland, a proposal for six months of notice until March requires approval from the Scottish Parliament, while laws in Northern Ireland include a 12-week notice period.

Lawyers and landlords' groups have said that, even after a ban expires, there is little expectation of people who have faced Covid-related financial problems being swiftly told to leave properties.

Ben Beadle, chief executive of the National Residential Landlords Association, said: "A blanket extension is unacceptable, especially so close to the deadline. This announcement satisfies no-one.

"Landlords have been left powerless in exercising their legal right to deal with significant arrears unrelated to Covid-19, anti-social behaviour and extremely disruptive tenants who make life miserable for their neighbours and housemates.

"Private landlords cannot be expected to foot the bill for government failure."

* (more information in the sources below:) *

The UK property market is experiencing a record-smashing summer mini boom, with the number of sales agreed from mid-July...
20/08/2020

The UK property market is experiencing a record-smashing summer mini boom, with the number of sales agreed from mid-July to mid-August totalling more than £37 billion-

London and other British cities could see a mass exodus of home buyers after lockdown, according to new data from major property websites.

Searches on Rightmove by Londoners for homes outside the capital were up to 51 per cent compared to 42 per cent this time last year.

The number of home searches by people in Edinburgh, Birmingham, Liverpool, Sheffield, Glasgow and Bristol looking at property outside their cities also rose, as people in lockdown reassessed their lives.

Rightmove’s Miles Shipside said: “It’s not unusual for there to be a large proportion of would-be buyers considering a move out of a city if they’re looking for a more affordable place to buy for the first time, or to trade up but get more for their money, but there’s been a notable shift during lockdown of more contemplating out-of-city moves.

Rightmove’s research also shows that 94 per cent of home sales that were under way before lockdown are expected to go ahead once restrictions are lifted.

Most properties that were for sale before stay-at-home measures were put in place remain on the market, with only 2.2 per cent removed so far.

Meanwhile, 40 per cent of 1,500 buyers and sellers surveyed in a webinar by Rightmove said their home move was going ahead as planned, while 54 per cent said they had postponed their plans but would continue after lockdown ends.

The property portal also noticed signs of a pick-up in new buyer activity, with a 20 per cent increase in visits to the website in the past week compared to the first days of lockdown.

(more information in sources below):

We all dream of living somewhere far, far away- Preferably a multi-million pound property by the sea in a much warmer cl...
19/08/2020

We all dream of living somewhere far, far away-

Preferably a multi-million pound property by the sea in a much warmer climate...but we don't want to get carried away. Despite this, we choose to stay here in London, which isn't a cheap place to live by any means. The third most expensive in the world, in fact. The only two places in the world that are more expensive than London per square metre are Hong Kong - which jumps to £36,356 per square metre, and Monaco – at a whopping £47,717 per square metre.

The price of larger detached homes in London surged by almost 10 per cent during the full lockdown in April as buyers sought out houses with more outdoor space and room for “home working.”

At the same time the average price of a flat fell by 0.2 per cent, according to latest figures from the Land Registry.

The stark contrast appears to confirm anecdotal reports that buyers were prepared to pay a premium for more spacious properties where they could work from home and enjoy their gardens.

Today’s data is the first from the Land Registry since Boris Johnson issued the “stay at home” order in March to slow down the spread of the coronavirus.

During April Londoners were only allowed out for brief exercise or food shopping.

For London as a whole they show that average prices fell 1.6 per cent during the month to £480,425. However that still left them up 2.3 per cent year on year.

Detached homes went up 9.5 per cent over the year to an average of £971,142, semi-detached properties rose by 5.6 per cent to £602,377 and terraced houses by 4.3 per cent to £511,058.

The average cost of a flat or maisonette fell 0.2 per cent to £410,745.

North London estate agent Jeremy Leaf said: “Pent-up demand is just starting to be released and, combined with the bringing forward of moving decisions planned for next year partly prompted by the stamp duty holiday, has proved to be a powerful stimulus for activity.'

(more information in sources below):

Purchasing a first home is one of the biggest financial steps many people will ever take-Big house price falls are likel...
17/08/2020

Purchasing a first home is one of the biggest financial steps many people will ever take-

Big house price falls are likely across the UK over the next 12 months but first-time buyers will not find it easier to get on the property ladder because of tighter credit conditions and falling incomes, according to a leading think-tank.

With the UK’s economy falling into its deepest recession on record, and unemployment rising dramatically as the government’s furlough scheme for workers winds down, most analysts are forecasting that house prices will suffer.

But according to the Resolution Foundation, even if average prices collapse by more than 20 per cent, in line with the most pessimistic forecast by the Office for Budget Responsibility — the fiscal watchdog, first-time buyers will still have a harder time buying a property than before the coronavirus crisis.

But changes to the housing market brought on by the Covid-19 pandemic have made that step a little bigger.

For those scrimping and saving to afford a deposit, coronavirus has put an extra strain on their buying power.

However, with the availability of mortgages, loans, and other credit having been squeezed by uncertainty in the economy, Steven is now looking at a 10% mortgage - and double the amount of money he had initially planned to spend in order to get onto the property ladder.

Many other first-time buyers are in a similarly precarious position.

In the UK, mortgages in which a first-time buyer would pay 5% on the value of the property as a deposit have disappeared from the market.

Deposits of 10% have also become rarer, and banks have put in place tighter rules on how much a person's family can help them with a deposit.

(more information in sources below:)

First-time buyers in Britain will struggle to get on the property ladder even if the coronavirus recession triggers a co...
17/08/2020

First-time buyers in Britain will struggle to get on the property ladder even if the coronavirus recession triggers a collapse in house prices, a leading thinktank has warned-

Will house prices fall?

The coronavirus crisis has led to people losing their jobs, incomes being hit, and the economy slumping.
Reopening the housing market and government support has led to a short-term rise in house prices and demand for property. This will not last, commentators say, and over the coming months, house prices will inevitably fall on average, according to the government's official forecaster, the Office for Budget Responsibility. It has predicted falls of anything between 2% this year, to 22% by the later half of next year.
Its central forecast is an 11% fall by the end of 2021 and flatlining thereafter.

Good or bad news for first-time buyers?

Usually, first-time buyers would see house price falls as a chance for property to become more affordable.
Some young people in stable jobs, with savings, and who have had the chance to put more aside in lockdown will benefit, the Resolution Foundation's Housing Outlook report says.

The Resolution Foundation said that in the 1990s, a typical young couple putting away 5% of their income each year could save enough for a deposit in just four years. By 2019, that figure had risen to 21 years.

Basing its estimates on the OBR’s most pessimistic forecasts for income growth and house prices over the next four years, it said the amount of time required to save for a deposit would only be reduced by one year, and that even that small gain would not persist.

The thinktank said the government’s stamp duty holiday – which is due to last until March next year – had also taken away the slim advantage that aspirant homeowners had in the market. This is because a typical first-time buyer outside London was already paying no stamp duty.

(more information in the sources below):

A new survey of 1,000 homeowners in their 50s, 60s and 70s has revealed that on average, respondents bought their curren...
10/08/2020

A new survey of 1,000 homeowners in their 50s, 60s and 70s has revealed that on average, respondents bought their current home 20 years ago for £113,365 and that it is now worth, on average £240,681, meaning their home has more than doubled in value.

Furthermore, they now have £127,316 tied up in the value of their homes. For those in their 70s, the average increase is £146,291 or 153%.

A bigger home with more space is often top of the wish list for an expanding family. And this is especially true in cities as quite often you're paying over the odds for a smaller property. It's time to up size.

Newly released data from estate agent comparison site, GetAgent.co.uk, reveals where across England and Wales offers the best opportunity for home buyers to up size without breaking the bank.

The firm analysed current data on the property price per square foot (sq ft) for each property type across the UK to find where home buyers can make a move to a place with more space, at the lowest increase.

With city living often home to a higher house price and a smaller home, the cost of a flat currently comes in at £346 per sq ft across England and £177 in Wales. This cost is the highest of any property price in England, while in Wales just detached homes come in higher at £197 per sq ft.

(More information in the links below:)

From the Ichiban Team:
08/08/2020

From the Ichiban Team:

Address

25 Hill St
London
W1J5LW

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 10am - 2pm

Telephone

+442031519929

Alerts

Be the first to know and let us send you an email when Ichiban Group UK posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share