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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

List your property now to catch the January migration

Every year we see the same trend: people using their time off over the festive period to window shop for a new property from the comfort of their own home. Then, as predictable as birds flying south for the winter, we return to work each January to a flurry of enquiries for our letting teams to respond to, which resulted in us securing 210 lets in January this year.

However, it is important to note however that much of the leg work behind these successful lets
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Autumn Budget Stamp Duty Changes: Published 22nd Nov 2017

On 22nd November it was announced that Stamp Duty is to be abolished for for all first-time buyers purchasing property of a value of £300,000 or less. If you are a first-time buyer, this guest post from Countrywide will help to clarify the details of the changes and explain what it means for you.
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Maximising rental income

We have long advocated that a high quality property in a great location will let well. However if you are a landlord who is looking to re-evaluate and enhance your portfolio with the intention of maximising its capital value, upgrading your existing assets could be just as profitable as acquiring new ones, as this 2 bedroom, 2 bathroom apartment in Oxford exemplifies. The owner – a portfolio client who uses Finders Keepers to let and manage their properties – refurbished the property, resulting in the rent increasing by an impressive 15%.
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The Great British Bike Off

Oxford is a city famous for cycling. Even within Finders Keepers we have a number of keen cyclists from those who cycle as a hobby, to those who commute by bicycle and this summer several of our team enjoyed cycling to appointments on the company bicycle, including the Office Manager of our North Oxford office, Richard Massingham:

“I enjoy cycling a lot and I realised that by cycling to some of my appointments over the summer months I could not only avoid traffic and get to my destination on time, but I was also getting some exercise and feeling much more energised.
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Getting results in a tougher market

Oxfordshire is a resilient area and has withstood a lot of disruption over the years; who would have thought that our letting market would boom when Lehman Brothers collapsed in 2008? While this has certainly been a fickle year with ongoing Brexit negotiations and a snap election at the start of the summer, Oxfordshire’s future is looking bright with BMW confirming that their Mini E electric car will be built in the UK1 and Harwell Campus announcing an £80 million expansion, bringing 200 jobs and creating a ‘European innovation district’ on the science vale2. That said, Quarter 3 has been varied across our 8 letting offices:

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Our team at Finders Keepers has been working hard this year to raise money for Sobell House Hospice, their charity of the year 2017. So far we have run, cycled, baked, gardened and manned bucket collections and raised a total of £2,543.90.

The hospice serves residents of Oxfordshire, offering physical, psychological, social and spiritual care to those facing life threatening illness, death and bereavement. Their aim is to raise £2million over the next three years to
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Property Intelligence 2017 – SOLD OUT

We are now just over a week away from Property Intelligence, Oxfordshire’s number one property seminar. Finders Keepers began running these seminars to inform and educate our clients on the latest property news, trends and legislation and they are hugely popular with attendees – indeed, this year’s event has sold out a week early!
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