Monthly Archives :

November 2016

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Interior Design: Top Trends To Expect In 2017

With 2017 just around the corner, we decided to take a look at the most widely anticipated interior design trends of the New Year. Whether you’re building, buying or renovating a home, keeping an eye on what’s set to be hot can provide much needed inspiration and allow you to stay ahead of the game.

Materials

Terracotta Tiles

Terracotta looks set to become one of the biggest interior design trends in 2017. It adds a rustic warmth to any room, regardless of whether it is used as floor or wall tiles, a fireplace or part of a simple decorative piece.

Cork

Cork is widely expected to be another top trend in 2017 as homeowners look to implement practical, natural materials within the home. It adds warmth and interesting natural textures, whilst being environmentally friendly, versatile and hard-wearing. Cork walls are expected to feature highly in family homes due to the sturdy nature of the material, making them perfect for dealing with the daily wear and tear caused by children and pets.

Other Natural Materials & Textures

Beyond cork, other natural materials, including reclaimed wood, will likely feature prominently next year. According to Wayfair.co.uk, ‘think tree stump tables, rattan furniture, hardwood floors and even desks.’

Themes

Botanical/Organic

Turn Style Consignment Stores suggests that ‘there will be a movement towards rough edges, natural finishes, and organic patterns on all pieces of furniture. Straight lines and geometric shapes are on their way out, so look to the outdoors for inspirations in 2017.’

Desert

Design Trends predicts that ‘desert’ themes will also trend in the New Year, in line with the movement towards natural products, materials and hues. This will include anything from Moroccan rugs to cacti, African prints to palm trees.

Digital Detox

People are generally reaching a point of digital saturation; an issue interior designers are actively seeking to address. As a result, counter-digital spaces look set to trend in 2017. Natural spaces that combine minimal/no technology with simple, intentionally imperfect furniture and decorations will provide respite from our otherwise tech-driven lives.

Layout:

Optimised Spaces

Utilising every nook & cranny will be the order of the day in 2017. As the cost of living continues to increase, expect people to achieve a lot more with a lot less space. Get creative and think outside the box to maximise space available. If you have high ceilings, think upwards, not just outwards. Suspended spaces (e.g. a suspended reading nook) are a great way to add unique character and style to a room whilst seemingly creating space from nothing.

Furniture

Dark Wood Furniture

Dark wood furniture is widely tipped to make a revival next year, perfectly complimenting many of the predicted top colours of 2017 (see below). The new trend will include ‘vintage and antique furniture “as is” in rooms, as close to their original state as possible without completely repainting or refurbishing beyond recognition’, according to Decorist.

Upholstered Bed Heads

Look at any list of interior design trends for 2017 and you will almost certainly find fancy, upholstered bedheads. The move will be away from bland, uncomfortable timber headboards and towards luxurious, soft, fabric alternatives that add comfort, style and elegance to the bedroom.

Decorative Items

 Handmade/Artistic

More people will look to unique, hand-crafted decorative pieces as they grow bored of mass-produced items and strive to differentiate themselves from the crowd. From artistic designs to natural patterns, one-off decorative items will prove popular in 2017.

Paint

The Hues of 2017

As 2016 draws to a close, paint manufacturers and interior designers clamber to unveil their new ranges and announce their predictions for the ‘colour of 2017’. Here are our top 5 predictions from some of the industry experts.

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About Luxe Property Group

At Luxe Property Group, we offer our clients the very best in property development, investment, management and interior design solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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Luxury Homes: “Must-Have” Features Of The World’s Elite

Regardless of the rapidly-changing global political landscape, the world’s wealthy continue to invest in luxury property. Whether they’re upgrading existing homes or purchasing additional residences, they remain optimistic as Brexit rolls on and Donald Trump prepares to take over as President in the U.S.

A recent report published by Luxury Property International found that around 45% from a study of 5,000 high net-worth individuals (HNWI’s) across 12 countries were highly intent on buying new property within the next three years, whilst 23% intended to sell within the same time period.

So, what do HNWI’s look for when considering their next residential investment?

1. Privacy & Security

When it comes to purchasing a new home, 61% of HNWI’s continue to value privacy and security above all else. There is an increasing demand for cutting-edge, digital CCTV systems that offer both video monitoring and automated locking systems (see ‘Smart Homes’ below).

2. Smart Homes

58% of HNWI’s considered smart functionality within a home as being very important. This included home security to lighting, entertainment systems to central heating/cooling systems. 38% of the sample stated that they were seeking a central smart hub that would allow them to operate all these features remotely from their smart phones.

3. Sustainability

Sustainable living is becoming increasingly fashionable amongst various segments of society, including the rich. 56% of the sample wanted a house with integrated eco-friendly and energy efficient features whilst 76% stressed the importance of sustainable technology within the home. That’s much higher than the 46% of people who stated that entertainment technology was a priority within the home. 40% stated that they would look for solar panels or alternative, sustainable energy sources when trying to identify their next investment.

4. ‘Cutting-Edge’ Kitchen

55% of people emphasized the importance of having a spacious, highly spec’d kitchen, equipped with the latest appliances. As one of the focal communal areas within any home, HNWI’s place this high on the list when it comes to ‘must-have’ features.

 5. En-suite… or more

When it comes to bedrooms, an en-suite master bedroom is generally regarded as the minimum expectation. 54% of HNWI’s go one step further and also look for dual walk-in closets. A lavish addition but, when you can afford it, why not?

Summary

High net-worth individuals have not been perturbed by recent political instability. Instead, they continue to look for ways to invest their money in luxury property. As property developers, it is imperative that we keep track of buyer behaviours and trends in order to deliver the most desirable premises to market. Trends amongst global HNWI’s are of particular interest at present due to the increased demand for UK property coming from overseas as a result of the weakened value of the Sterling.

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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How To Spot The Next Up-And-Coming Urban Area

Property investment in up-and-coming urban areas is an increasingly popular strategy that can achieve higher than average capital growth rates compared to normal house price rises. Identifying these areas in their early stages can be tricky though. There are, however, certain key indicators that make it possible to identify the next ‘hotspot’ in its fledgling state and allow you to take full advantage of future increases in property prices.

1. Public Transport Enhancements

As highlighted in my article two weeks ago, 8 buy-to-let locations to consider in London right now, the impact of public transport enhancements on demand cannot be underestimated. In fact, research indicates that ‘expectation effects’ result in dramatic property price increases well prior to new/improved transport links even being opened. For example, properties in London’s outer travel zones, to be served from next year by Crossrail, are already increasing in value as buyers anticipate the arrival of rapid links to central London. Rental yields have also followed suit. Therefore, look for new or improved transportation links to gain an insight into which areas are likely to significantly increase in popularity in the not-too-distant future. Properties closest to stations/stops are likely to experience the largest value and rental increases in the long-term.

2. New & improved crime statistics

Increasing property prices in urban areas can be correlated to decreases in the density of local crime. Look for areas with falling crime statistics and active regeneration projects. The improved quality of life will attract more buyers and renters to the area. An example of this is Notting Hill, London. Until around 40 years ago, Notting Hill was considered dangerous. Crime in the area has since been cleared up and it can now only be afforded by the elite, with semi-detached houses selling, on average, for over £10m.

3. Independent shops, cafés & eateries

Often the result of a wider regeneration scheme, an increase in trendy, independent retail outlets, cafés and restaurants is a good sign that an area is on the rise. A wider selection of good quality, convenient amenities improves the general quality of life in an area, which leads to an increase in demand.

4. Young professionals

A significant increase in 20 to 30 year olds is now one of the biggest indications that an urban area is flourishing. Young professionals seek out new, more affordable areas with good transport links to city centres as the cost of living increases. Take Brixton, for example. Historically considered one of the roughest areas in London, Brixton flourished due to easy access to central London locations yet with low rental values. Property prices increased by 30 per cent between 2008 and 2013 and continue to rise as more and more young professionals flood to the area.

5. Estate agents

Estate agents carry out extensive research in order to establish where to open a new branch. They look into everything from general market trends to planned transport improvements, local job availability to government regeneration plans. Keep tabs on new branch openings as they will help you to identify potential areas of opportunity.

6. Surrounding areas

As an area’s popularity increases, so do its property prices. Once prices/rent reach a certain point, residents look to the surrounding areas in search of more affordable accommodation in close proximity. Therefore, keep tabs on areas that surround thriving communities and look for any of the key indicators listed above.

Summary

As the cost of living in the UK increases, the exodus from central city locations continues. People seek affordable accommodation in areas offering good local amenities and decent transport links to central city locations. With a careful eye, it is possible to identify the next up-and-coming area in its early stages and fully capitalise on growth opportunities.

At Luxe Property Group, we offer our clients the very best in property development, property investment and property management solutions. With extensive experience and an unrivalled success rate, we’re always keen to explore new opportunities. Call us on 020 7383 8042 or email us at info@luxepropertygroup.co to find out how we can strengthen your portfolio.

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4 Eco-Friendly Modifications That Can Add Value To Your Home

Environmental upgrades at home are often perceived as being expensive to implement whilst offering poor returns on investment. There are, however, several eco-friendly modifications that can improve your carbon footprint, save you money and even add value to your home.

1. Insulation

Earlier this year, Remodelling magazine released a report which quantified the return on investment from standard residential insulation upgrades. On average, people made a return of 116% upon sale, within 12 months of completion. In addition, homeowners enjoyed huge savings on energy bills due to the increased efficiency of their home. Key features considered for upgrade included the roof and outer walls with a general view that homeowners should check these annually for leaks to avoid wasted energy and the resulting expense.

2. Fix or upgrade drafty windows

Drafty windows can undo all the hard work and money spent insulating your home whilst ramping up your energy bills. Simply repairing drafty windows is a cheap, short-term solution, however, upgrading to energy-efficient windows can also be financially viable in the long-term. Whilst expensive and generally offering only a break-even ROI, installation of energy efficient windows can save homeowners 10% to 25% on energy bills. Therefore, anyone looking to reside in their home for several years before selling can reap the rewards of reduced monthly expenditure. In addition, environmental mods, such as energy-efficient windows, are expected to add an increasing value to properties as eco-friendly living becomes increasingly fashionable.

3. Upgrade your central heating system

On average, central heating accounts for 43% of our energy bills. Although generally avoided, homeowners who upgrade to a new energy efficient hybrid boiler can save upwards of 20%. The upgrade will also generally pay for itself within 1 to 2 years in savings made from reduced energy consumption whilst adding value to your property.

Note: It is worth getting your central heating system comprehensively checked for leaks every now and then. Leaks not only cause potential damage to your property but result in energy wastage and, therefore, bigger bills.

4. Install a smart thermostat

The introduction of smart thermostats has already significantly improved the energy efficiency of millions of homes worldwide. Smart thermostats can be programmed to only heat your home when you or your family actually need it, saving on energy consumption and subsequent utility bills. They can be controlled remotely, allowing users to switch heating on just before they get home or off if they accidentally leave it on when they’re out. Unit costs are currently between £150-£200 and generally cover their costs in little over 12 months from energy savings.
Summary

With careful consideration, it is possible to add value to your home and save on bills by implementing a number of energy efficient upgrades. When it’s time to sell, savvy homeowners obtain an independent energy efficiency rating which is subsequently be shared with estate agents and potential buyers. A strong rating is not only great from an environmental perspective; it also implies big savings for future residents.

At Luxe Property Group, we work with clients with varying budgets to best advise on how to make a return on your investment. With extensive experience and an unrivalled success rate, we’re always keen to explore solutions that work best for you.

If you’re seeking advice on property development, give Luxe Property Group a call and a member of our experienced and friendly team will be happy to advise you. Reach us on info@luxepropertygroup.co or 020 7383 8042 or sign up to our newsletter via the form below.