National property consultancy, Carter Jonas, has made four promotions in its Oxford office at Mayfield House, Summertown, and welcomed two new additions to the team. Ross Kent is promoted to Partner, and, Dan Humphry, Natasha Eliot, and Oliver Neagle to Associate level. Additionally, Jack Kibblewhite and Edward Walter have joined the firm as graduate surveyors.
Rewind nine months to March and we were quick to react and protect our business. In April many of the projects we had priced were put on hold and new tenders were slowing down. Our customers were telling us that now was not a good time to spend vast sums of money. Even the customers that had the finance secured, did not want to be seen spending money frivolously.
Our planning professionals have acted on behalf of Oxfordshire Community Foundation advising them on planning matters and successfully securing the change of use of 33 Iffley Road from office to residential use.
1. Creating a viewing experience when we had no ability (or permission, by order of the government) to actually view. We set out creating video tours for all of our instructions and we encourage our clients to opt for our 3D Virtual Tours which we create using Matterport – these provide online users with an interactive online viewing experience, where the customer is in control of the viewing.
There has been a noticeable change in the private rented sector in recent years. Legislative developments have undoubtedly served to discourage investment into the buy-to-let market by the private landlord, whilst, simultaneously, the institutional-led build-to-rent (BTR) model is being promoted.
The Tenant Fee Act 2019 creates stringent new laws that affect all residential landlords including universities, colleges, private and institutional landlords, and their agents. There are significant financial penalties if the terms of tenancy agreements do not comply with the new regulations.
Challenges around Oxford’s housing situation are well-reported. A combination of unique and complex historical constraints, resulting planning protections, together with natural limitations of the floodplain area mean residential space is at an absolute premium. Add to this a student population of nearly 34,000, question marks over green belt development and a public perception that local government’s housing strategy is not clear and the picture is both complex and unclear
The Spring Equinox marks a turning point in the year – and in the property cycle – providing a perfect opportunity to reflect on the market to date, while considering trends and prospects for the spring and summer months ahead.