Welcome to The Homes One Spring Newsletter…
Dear friends
Deepest condolences
Firstly I would like to send my deepest condolences to the people in Turkey and Syria who have suffered as a result of the recent earthquake. It puts everything into perspective and my thoughts and prayers are with them.
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Personal reflections
Giving back to the community
Recently I had a chance to give back to a disadvantaged community. I was slightly dreading it but it was actually very uplifting to be of help.
Here are three things I learned:
1. Try to always keep good habits.
2. There are very few fully good or fully bad people; it's their actions and decisions that land them in trouble.
3. Connection can happen anywhere.
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Market Update
A few points for your attention
As we go into the spring market following half term I wanted to share a little of what I was sensing “on the ground“.
- Spring Summary-: renewal is in the air... this is traditionally the busiest time in the market, as the weather improves and the days get longer. Natural forces return to fill the sails.
- Fortunately there still seems to be good demand for purchasing propertywhether for investment or as a main home at all levels in my client base. Although this is good news for the market there is a lack of urgency counteracting this trend. People are potentially taking longer to offer and agree sales and purchases, but as mentioned spring around the corner and likely to provide its traditional impetus.
- There is still a lack of stock, particularly at the higher end of the market,which protects prices... this can be both frustrating and reassuring for buyers, who in the short term and long term respectively look to get good deals, followed by steady appreciation. Expect to pay what a property is worth, and for it to keep its value and more.
- There seems to be more stock being valued and considered for sale at the lower end where investors are reconsidering whether to hold on to their buy to let investments (which are no longer as viable or valuable as they were before mortgage prices went up). I expect there to be some deals at these levels as stock levels rise.
- The negativity surrounding the economy seems to have softened and there is less of a sense of crisis. In fact the FTSE has recently hit record highs and fixed rate interest rates are coming down, making mortgages cheaper somewhere in the near term. This should spell the beginning of an upward turn, or at least add fuel to the fire.
- I have been contacted by my investor and developer clients more in the last few months keeping an eye out for bargains and investments. This usually signals a rebalancing of the market towards buyers. It has been a sellers market post pandemic.
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Atelier NM / Homes One Interiors
One of the top 50 best designers in the UK
I am extremely proud to announce that my sister company Atelier NM run by my wife Najwa Mroue has been included in Country and Town House as one of the 50 best designers in the UK. Below are some pictures of their latest project.
Read the 50 best designers in the UK list here
You are always welcome to visit us at Homes One HQ for a brainstorm - I hope we can reconnect soon and take advantage of these springtime opportunities.
Warmly,
Karim
T: 07958 485 611
