Junaid Iqbal Memon Reveals Property Speculators are Heading North

London Market Slump Causes Flippers to Look Beyond Capital

 

Read the latest Junaid Iqbal Memon blog. Junaid is a property developer that has been in the business for several years. Based in Dubai and London, he has properties and businesses in both cities. Always on the lookout for profitable opportunities, he made the decision to venture into real estate to diversify his investment portfolio. To date, he has successfully completed several development projects both in London and Dubai. Below he reveals how property speculators are going to the north due to London’s property market slump.

Flippers are looking outside of London as the price for houses continues to rise. Property speculators in the country who are in the business of buying and selling properties in quick succession are now shifting their focus towards the north of the market as it seems that the south-east and the London housing markets start to slump.

Of the 15 destinations that are most popular with people in the business of flipping homes, 11 were located in the north of the country. None of the 15 was located in the capital, which is quite a stark contrast to the preceding years.

Growth on house prices in London slowed down even almost to a standstill last year. It even managed to move to negative territory around summer this year. However, the price of housing in other regions across the country is rising.

Burnley in Lancashire is the top flipping destination. Of all the homes that were sold within the year, 6% were successfully sold again and at such a rapid rate too. It also remains as the local authority in the country that is cheapest to purchase a home, where the average is pegged at $81,352.

However, the market seemed to be less buoyant nationwide which offers speculators not that many opportunities in terms of quick profit. As a result, many have decided to reduce the amount that they are willing to commit when it comes to buying houses intended for rapid sale. About £4.1 billion worth of houses were successfully sold at least two times in a year in both England and Wales for last year. These figures are down by £200 million from the numbers accumulated for 2016.

A number of speculators have also been discouraged by the fact that the 3% stamp duty surcharge for second and any additional home. However, some of the areas in the north are more resilient. When the property prices are lower, some of the properties that the flippers may have bought will likely fall under the threshold of £125,000 for stamp duty.

Buyers that choose to flip home often want to take advantage of the rapid growth of house prices. Sometimes, they might choose to perform some improvements on the property. Recent data shows that among the most popular flipping destinations include Burnley, County Durham, Redcar and Cleveland, and Middlesbrough.

Stay up to date with the developments in the property development market by reading about Junaid Iqbal Memon online here You can also follow the Junaid Iqbal Memon Twitter page here.

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Junaid Iqbal Memon Reveals the Most Affordable Places to Rent in London

London Areas that Would be Worth Looking into if You are Renting

 

Junaid Iqbal Memon is a property developer that has been in the industry for many years now. With London and Dubai his considered bases, he is the man behind the Cloud 9 Group. He first started by learning the ins and outs of business from his business-minded family. Over the years, he decided to establish his own until he decided to foray into property development. To date, he has completed several development projects and has businesses that he owns and manages in London and Dubai.

London is never known for its cheap rents. But you will find that there are areas in the British capital that tend to be more affordable than others. If you are planning on relocating here at some point, and you are looking for a place to rent, it pays to know which areas to look at to find the best-priced properties out there.

According to a new report, the cheapest place to be renting a place at would be the Bexley borough. There is a catch to this, however. It is only going to be the cheapest if you will rent a place with three other people. A property with four bedrooms in Bexley will be rented out at an average of £1,633.52. If this is going to be divided between four people, then the rent costs that everyone is going to have to pay is significantly shaved down to just a mere £408.38 each. Based on the report, this is 35% cheaper than the usual costs that one must cover if he were to rent just a room in the capital, which could cost an average of £629 monthly.

The best ways to rent if you are living in various other areas in the capital are also detailed in the report. For instance, if North London is where you are most interested to rent a place at, you can get the cheapest rate there is at Enfield where, when shared with three other people, the monthly rent would just amount to £521.84. For South London, Croydon would be the best part where the average would be £508.41. If you want to stay in the west part of the capital, the monthly rent shared between four people would be at £498.44 and £895.85 is what you will need to cover if you share renting a house in central London with three people.

If you are not interested in living with as many people, then you would want to look into boroughs such as Sutton, Merton, Hammersmith, Fulham, and Ealing. These are places that might work for you because it would be cheaper to rent a property here if there are three of you sharing the costs. If you would prefer to share the property with one other person only, Kensington and Chelsea, Camden, and Westminster would be ideal.

The latest data reveals that rents in London are fast becoming stretched. One way for them to reduce the costs involved with their monthly rents would be to try and examine costs based on having flatmates to share the costs with. Also, if one was wise enough to move to the right borough, then it can have a profound effect on the costs involved in property rental. If done right, then it can potentially help one save some very notable amounts with the difference being only just a few miles.

Learn more information about properly and real estate market by reading about Junaid Iqbal Memon online here, Follow Junaid Iqbal Memon on Pinterest here and visit Junaid Iqbal Memon Google Plus page here.

Dubai Commercial Property: Buying or Renting Tips

Making Your Way Through Dubai’s Property Market

Here are some tips from Junaid Iqbal Memon about Dubai’s Property Market.

This year sees a strong commercial property demand for Dubai. The growth of the commercial property sector in Dubai is being underpinned by an increase in the demand for not only the right space but also one at the right price and in the right location.

This demand had been lead by a noteworthy economic growth in the emirate. Also contributing to the demand are the preparations that are being done by the emirate for the Expo 2020 Dubai, as well as the overall positive performance of its tourism, hospitality, and retail sectors.

With more and more people showing interest to either rent or buy a property, it helps to know what are the things that one can do to find the best choice out there. Whether you are renting or purchasing,  below are some important tips that any interested tenant or investor should consider.

Make sure all documents are updated

You need to have all the necessary documents handy and ready. This is especially true for your business license. These papers need to be updated and should be ready for submission the moment you decide to rent or buy a commercial space. It is important to get a better understanding of the limitations of your licence too. This will allow you to come up with the best decisions about whether it is a good idea for you to rent or buy in a free zone or on-shore.

Consider optimal space

Always ask yourself ahead of time how much space you are going to need for your business or your office. Getting a good understanding of the required space will make it so much easier for you to decide whether a price offering is going to be reasonable or not.

Learn more about the market

Before you make any huge decision, especially one related to the property market, it is important to get a good feel and grasp of the local real estate setting. This is helpful in order for you to ascertain not only your budget but also to decide which specific location would be most ideal for renting or buying.

Decide on a specific budget

You need to set your budget first before you start looking. This will help you determine whether a property is going to be economically feasible for you or not. Having a budgetary allocation prevents you from going for something that is obviously beyond your capacity to pay.

Look for the right developer

Whether it is a ready commercial space or an off-plan one, it is important to get your search list narrowed to only those builders that have proven their credibility and reputation in the field. You need those that can also address your queries. Always make sure to evaluate their delivery track record so you know exactly what to expect from them.

Learn how to buy or rent the right commercial property in Dubai by reading about Junaid Iqbal Memon online here

 

Dubai Remains a Hotspot for Property Developers

Here Are The Reasons Why

Dubai has remained one of the most interesting and active markets for construction and property development in North Africa and the Middle East regions. It has managed to retain this status thanks to its robust economy, increasing interest from investors, as well as a strong tourism.

There are several events that are expected to even cement Dubai’s standing in the field of property development. For instance, there is the Expo 2020 that is taking place in the city. There is also the stabilisation of the prices of oil as well as the drive among member countries in the GCC that is aimed towards achieving diversification in the economy, along with improving the living standards in the area. All these are things that are expected to play a crucial role in the awarding of contracts in the construction industry.

Economic growth is also expected to even be better this year. This means that there is going to be an increased activity in the construction field across the board. The project announcements which developers have initiated from the previous years and are still going on until now are expected to trigger a considerable increase in construction activities.

Data from BNC Network reveals that a total of 801 construction and development projects are presently in tendering state. Overall, they are going to have a total worth of Dh117.44 billion. This is expected to serve as a really robust pipeline of the awarding of projects in the future.

Many experts have attributed the impressive performance of the property sector in Dubai to the economy’s positive growth. This involves many of its core sectors which include hospitality, retail, finance, logistics, and aviation.

It is a global hub not just for tourism but for business too. It attracts not just professionals but investors as well. These are people that hail from all over the world. The need of these people to have residences that are nothing short of world-class has helped drive the demand in the Dubai property sector.

High return on investment is also another reason why the real estate market in the city is flourishing. The sector is maturing as the population in the country constantly increase each year. Investors are closely watching this development in the demographic growth and are taking the necessary steps to ensure that they are purchasing property as early as now so as to supply the increase the boost in the demand for rent.

It is also notable how there is low crime rate in Dubai. Investors will appreciate the sense of safety that investing in the city brings. With minor crimes being unlikely, investors are even more encouraged to come and put their money down since they know that the place does not only offer a good ROI, but an overall feeling of safety as well.

Watch the video below to know more.

Learn more about the benefits of investing in property development in Dubai by reading more about Junaid Iqbal Memon online. You can also visit Junaid Iqbal Memon website here.

 

Green Building Investment

Meeting Both Financial Value and Social Impact

More and more attention is being extended towards investments in more environmentally-friendly and green buildings. However, while it is necessary for these projects to be able to produce a value that is financially measurable, it is also necessary to remember the need for them to have the necessary social impacts.

In the early parts of the 90s, there began a shift to construction paradigm all over the world. This is when the United States decided to include sustainability into their building sector. These days, the concept is not just something that is isolated in a single country or region or culture alone.

There is more to sustainable construction, green building, and sustainable building than just finding ways to cause less harm to the environment when compared to traditional construction. Instead, it has something to do with getting resources optimised while at the same time, being responsive environmentally, financial, and socially all throughout the building’s lifecycle. This spans from its design, construction, and operation, management and renovation, as well as deconstruction. Every new construction, regardless of whether it is a business tower, a school, an industrial building, or a recreational facility can be designed to integrate communities, buildings, and cities in a socially responsible and efficient manner.

Being one of the cities with the fastest growth rate in the world, all the community developments in the UAE should ensure that sustainability is going to be integrated into them. Dubai aims at solidifying its goal of becoming one of the world’s happiest countries by the year 2030 and sustainability is one of the necessary steps to achieve this. In its Municipality report for 2016, Dubai defines it as how people should act, either together or individually, to preserve, protect, as well as propagate the environment, as well as share technologies and insights for developments in the future. All this while taking steps to reduce the burden on the planet.

The UAE government has remained committed to enact new policies as well as standardise specifications to achieve this. It understands that the inroad towards achieving sustainable building will continue to be an uphill climb if the private sector is not going to take fervent steps towards achieving it. Policies like these need to be adopted permanently as the standard practice for designers, developers, owners, investors, as well as tenants.

It is also a fact though that achieve these objectives can be quite a challenge, especially in the real estate industry. This is due to the fact that the sector is often bent towards maximising their returns and profits more than paying attention to long-term environmental and social aspects. Developers do have an ethical responsibility to fulfill towards ensuring that an approach of life cycle engineering is integrated into their every undertaking. This then obliges them to take on the sustainable approach for all of its elements and resources.

Watch the video below to know more.

Learn more about the sustainable property development by checking out Junaid Iqbal Memon and read more about Junaid Iqbal Memon online.

 

Welcome to Junaid Iqbal Memon Blog

Here we will feature the latest updates and news about Junaid Iqbal Memon and his work in property developments and real estate. If you are interested in buying or investing in property, make sure to check back on this blog.

Junaid Iqbal Memon has always been business-minded. His early exposure in a family of business-oriented individuals made him privy to techniques and strategies that he has since made use of in the numerous entrepreneurial projects he ventured.

It was in 2014 that he decided to establish his company focusing on property developments. He already has a number of residential projects to his credit. At present, he is based in London where he manages and owns a number of properties and business in the UK, Dubai, and India.

To know more about Junaid Iqbal Memon, check him out online and connect with Junaid Iqbal Memon on Linkedin.