Commercial landlords who let their premises to retailers should allow their tenants to move to a month-by-month payment system.
This is according to the British Retail Consortium (BRC), who believe that scrapping the tried and tested quarterly payments system would help businesses manage their finances better, particularly in the months following on from Christmas.
Sarah Cordey, spokeswoman for the BRC, explained: “A large number of landlords still operate on a quarterly basis when it comes to collecting rent up-front for business premises.
“The quarterly rent payment date fell just after Christmas, so again, where companies had not had a Christmas that made up for 2011, they would also in some cases have been faced for a bill for three months in advance, which obviously poses cash flow challenges to any business.”
She added that in her opinion a quarterly rental agreement is an “anachronism” in this day and age due to the speed in which direct bank payments can be made and called for landlords to be more flexible with retailers who are feeling the pinch.
Despite the current economic climate, figures from the Office for National Statistics show that retail sales rose by 2.6 per cent year-on-year in December.
However, several high street chains, such as Peacocks and La Senza, have recently been forced into administration.
London Commercial Property News
Sunday, 29 January 2012
Saturday, 28 January 2012
Chinese New Year Parade for Central London
The Chinese Year of the Dragon will roar into Westminster this Sunday (29th) with a parade and festival showcasing the best of Chinese culture.
The festivities will start at 10:00am on Sunday 29 January 2012 with a New Year parade around London's West End, reaching its final destination of Trafalgar Square at noon.
The Lord Mayor of Westminster, Cllr Susie Burbridge, will then join Mayor of London Boris Johnson and the Chinese Ambassador to London, Mr Liu Xiaoming, to speak at the opening ceremony of the festival.
After the speeches, celebrations will kick off with traditional dragon dancing, music and performances on the Trafalgar Square stage until 6pm.
A second stage in Shaftesbury Avenue will host performances from a range of local community groups and schools.
The capital's famous Chinatown will also play host to a parade by lion dancers as well as a range of stalls selling traditional produce throughout the day.
The festivities will start at 10:00am on Sunday 29 January 2012 with a New Year parade around London's West End, reaching its final destination of Trafalgar Square at noon.
The Lord Mayor of Westminster, Cllr Susie Burbridge, will then join Mayor of London Boris Johnson and the Chinese Ambassador to London, Mr Liu Xiaoming, to speak at the opening ceremony of the festival.
After the speeches, celebrations will kick off with traditional dragon dancing, music and performances on the Trafalgar Square stage until 6pm.
A second stage in Shaftesbury Avenue will host performances from a range of local community groups and schools.
The capital's famous Chinatown will also play host to a parade by lion dancers as well as a range of stalls selling traditional produce throughout the day.
Friday, 27 January 2012
London Property Agents Ready to Jump
Paramount London Property Magazine
2012 is set to be an adventurous year for Paramount Property Estate Agents. Some of the Paramount staff are doing a sponsored sky dive... oh yes, you heard correctly; 12 estate agents jumping out of a plane! We will be at the North London Skydiving Centre on the 17th June 2012 and will be jumping from 13,000 feet!
We aren't taking this lightly and are all feeling the fear... “I approach the 17th June with trepidation as I suffer from a fear of heights this coupled with the notion of jumping out of a plane should be enough for our clients and customers to donate generously to this very worthy cause.” Spencer Lawrence, our lettings Director.
The charity we are sponsoring is the Estate Agency Foundation which aims to combat homelessness. The Estate Agency Foundation aims to bring estate agents together to help this very worthy cause and sponsors charities such as Shelter and Mungo's.
We feel its important to get active and support charities like this. We also feel that witnessing estate agents jumping out of a plane is a once in a life time opportunity and shouldn't be missed! Please help us and support the charity by donating whatever you can. Just go to www.justgiving.com/Paramount and and click donate.
Here are thoughts from some brave sky divers:
“I have fancied doing this for a while and can’t wait for the adrenaline rush from 13,000 feet and what’s more beneficial is the worthwhile charity we are donating to. Looking forward to the day!” Robert Lazarus, Sales Director
“I want to do it because over Christmas I saw many homeless people and realised how unbelievable it is that in a first world country people are still stuck outside in the cold winter months with no food, warmth or shelter, and the charity we will support help people in these circumstances to have a better quality of life.” Danielle Davey, Sales
“It is a great to support some really worth while charities and with the added bonus of being able to do something I have always wanted to do. So when the opportunity came I jumped at it.” David Warren, Sales
“I fear nothing in life… Except, planes, heights and dying. So I honestly can’t tell you why I’m doing this! I guess it’s about looking at the bigger picture… Being courageous in the face of fear, about knowing that courage doesn’t mean not being fearful but rather an awareness that something is more important than fear itself.” - Ashley Afshari-Mehr, Accounts
“I’m participating in the sky dive as I’d like to take this opportunity to help a worthy charity raise funds. I will be collecting as much as possible to donate. I’d also like to take from this a once in a life time opportunity. Sky Diving is something that I have never done before and is something I would relish.” Anthony Shaw, Investments
“I feel the skydive is a great team building opportunity for Paramount. It will also enhance integration between departments and my relations with co-workers. Of course, on top on this all funds raised are going to a great cause, The Estate Agency Foundation.” Nick Christoforou, Investments
We aren't taking this lightly and are all feeling the fear... “I approach the 17th June with trepidation as I suffer from a fear of heights this coupled with the notion of jumping out of a plane should be enough for our clients and customers to donate generously to this very worthy cause.” Spencer Lawrence, our lettings Director.
The charity we are sponsoring is the Estate Agency Foundation which aims to combat homelessness. The Estate Agency Foundation aims to bring estate agents together to help this very worthy cause and sponsors charities such as Shelter and Mungo's.
We feel its important to get active and support charities like this. We also feel that witnessing estate agents jumping out of a plane is a once in a life time opportunity and shouldn't be missed! Please help us and support the charity by donating whatever you can. Just go to www.justgiving.com/Paramount and and click donate.
Here are thoughts from some brave sky divers:
“I have fancied doing this for a while and can’t wait for the adrenaline rush from 13,000 feet and what’s more beneficial is the worthwhile charity we are donating to. Looking forward to the day!” Robert Lazarus, Sales Director
“I want to do it because over Christmas I saw many homeless people and realised how unbelievable it is that in a first world country people are still stuck outside in the cold winter months with no food, warmth or shelter, and the charity we will support help people in these circumstances to have a better quality of life.” Danielle Davey, Sales
“It is a great to support some really worth while charities and with the added bonus of being able to do something I have always wanted to do. So when the opportunity came I jumped at it.” David Warren, Sales
“I fear nothing in life… Except, planes, heights and dying. So I honestly can’t tell you why I’m doing this! I guess it’s about looking at the bigger picture… Being courageous in the face of fear, about knowing that courage doesn’t mean not being fearful but rather an awareness that something is more important than fear itself.” - Ashley Afshari-Mehr, Accounts
“I’m participating in the sky dive as I’d like to take this opportunity to help a worthy charity raise funds. I will be collecting as much as possible to donate. I’d also like to take from this a once in a life time opportunity. Sky Diving is something that I have never done before and is something I would relish.” Anthony Shaw, Investments
“I feel the skydive is a great team building opportunity for Paramount. It will also enhance integration between departments and my relations with co-workers. Of course, on top on this all funds raised are going to a great cause, The Estate Agency Foundation.” Nick Christoforou, Investments
Thursday, 26 January 2012
West Hampstead Studio Apartment For Rent, Frognal
Frognal, Hampstead, London, NW3 £250 pw
Conveniently located close to the Finchley Road we offer a newly redecorated second floor studio apartment in this impressive Victorian conversion. The apartment further benefits from a newly fitted open plan kitchen with all appliances, tiled bathroom with shower and wc, available from 8th February, unfurnished or part furnished.
Newly Decorated Studio Apartment for Rent
Positive Signs for Housing Market
The number of people searching for a new property online has continued to grow and that can only be a positive sign for the housing market.
According to Rightmove, the number of people turning to the net to look for properties in the first ten days of this year was 27 per cent higher than in the same period in 2011.
Selwyn Lim, director of Mouseprice, believes that this is an encouraging indicator that the market will have a buoyant 2012, but also believes that it is a direct result of people switching from looking in newspapers to using their computer instead.
“It is definitely a positive indicator. I would water it down a little because of some elements. One is the shift in behaviour of more and more people searching online – it is a trend that has been going on,” he said.
“Since the internet began, more people have been searching online and that trend is continuing.”
Rightmove also reported that there was a 1.4 per cent rise in asking prices in the first week of the year.
London Housing Market News
According to Rightmove, the number of people turning to the net to look for properties in the first ten days of this year was 27 per cent higher than in the same period in 2011.
Selwyn Lim, director of Mouseprice, believes that this is an encouraging indicator that the market will have a buoyant 2012, but also believes that it is a direct result of people switching from looking in newspapers to using their computer instead.
“It is definitely a positive indicator. I would water it down a little because of some elements. One is the shift in behaviour of more and more people searching online – it is a trend that has been going on,” he said.
“Since the internet began, more people have been searching online and that trend is continuing.”
Rightmove also reported that there was a 1.4 per cent rise in asking prices in the first week of the year.
London Housing Market News
Tuesday, 24 January 2012
Paramount Lettings Agent Ranked 1st for Best Branch in London
West Hampstead Estate Agents are dominating the rankings of estate agent site AllAgents.co.uk The site is a directory of UK estate agents, letting agents, property management and estate management companies with customer ratings and reviews.
Paramount Lettings Properties are currently ranked 1st Best Rated Estate Agent Branches in the UK, West End Lane branch was ranked 1st for Best Branch in London and rated 3rd overall out of 8387 Agents in the UK.
Paramount Lettings Ltd spokesperson said "We try to provide exceptional customer service through a team of experienced, knowledgeable and passionate staff. We build close relationships with both Tenants and Landlords and use cutting edge marketing to generate diverse applicant pools across the portfolio. We draw on technical innovations and embrace positive change within the industry and involve external experts to ensure we maintain the highest standards at all times."
Paramount Properties are Members of the Association of Residential Lettings Agents and the National Association of Estate Agents and offer residential and commercial properties for sale and to rent in the North West London Boroughs of of Barnet, Brent and Camden.
Paramount Lettings Properties are currently ranked 1st Best Rated Estate Agent Branches in the UK, West End Lane branch was ranked 1st for Best Branch in London and rated 3rd overall out of 8387 Agents in the UK.
Paramount Lettings Ltd spokesperson said "We try to provide exceptional customer service through a team of experienced, knowledgeable and passionate staff. We build close relationships with both Tenants and Landlords and use cutting edge marketing to generate diverse applicant pools across the portfolio. We draw on technical innovations and embrace positive change within the industry and involve external experts to ensure we maintain the highest standards at all times."
Paramount Properties are Members of the Association of Residential Lettings Agents and the National Association of Estate Agents and offer residential and commercial properties for sale and to rent in the North West London Boroughs of of Barnet, Brent and Camden.
Saturday, 21 January 2012
Fairhazel Gardens Apartment for Rent
Fairhazel Gardens, South Hampstead, London, NW6
A spacious lower ground floor studio/one bedroom apartment in this well maintained period property close to Finchley Road tube and the O2 centre. Benefits include reception room with open plan fitted kitchen, separate sleeping area, shower room with separate wc, part furnished, 16' private rear patio, communal gardens, available 24th March.
South Hampstead Apartment for Rent, London
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