Guide To Estate Agency Contracts

guide to Estate Agency Contracts

Estate Agency Contracts

Don’t become the victim of unscrupulous estate agents and end up having to pay thousands of pounds of commission to and estate agent who did not even find you a property. Read our guide to estate agency contracts and find out about what terms of the contract to look for and the different types of estate agency contracts.

WHAT TYPE OF CONTRACT?

Before you sign the contract make sure that you are completely clear about the type of selling arrangement you are entering into. There are different types of contracts and it is important that you choose a contract that suits your needs.

  • Sole agency

‘Sole agency’ is probably is the most common type of estate agency contract. It means that one agent has exclusive right to sell your property for the duration of the contract. For this type of contract fees are only be payable, if the agent finds a buyer for your property.This means that the estate agency would be not entitled to payment, if you found a buyer yourself. When you opt for a ‘Sole Agency’ contract, you are committing yourself to one agent for a set period of time. So, if you were to involve another agent within that period of time and the second agent secured a sale, commission would have to be paid to both estate agents. You can avoid this by making sure that you are happy with the length of the tie in period of your contract.Generally speaking, ‘Sole Agency’ contracts are very popular with buyers. Property guru Phil Spencer recommends ‘Sole Agency’ contracts for two reasons: Firstly, they are cheaper than multi-agency contracts. Secondly, staying with one agent for a certain period of time gives “them the best chance and motivation to sell your property fast.”

Sole agency contracts can be any length of time. But what is a reasonable amount of time for a contract? This depends to large degree on market conditions as well the property in question. Phil Spencer points out that “there is considerable expense behind successfully marketing a property, and so it’s reasonable for the agent to have a tie-in period during which you can’t go to the competition, but it shouldn’t be overly restrictive.”

Of course, once the sole agency contract has ended, all your options are open again. Youcould extend the contract or alternatively, you could re-engage your estate agent  under a ‘Multiple Agency’ or ‘Joint Sole Agency’ contract. Whatever you do, be careful not to confuse ‘Sole agency’ with ‘Sole Selling’. In the case of a ‘Sole Selling’ the contract is also be with one agent, but here the estate agency commission is due, even if you found a buyer yourself.

  • Joint Sole agency

Under a ‘Joint Sole’ agency contract you appoint two estate agencies, instead of one agency.Again, the contract will be for a specified period of time, but this time the commission has to be split between the two agents irrespective of which agent found the buyer. As a result of this, fees for ‘Joint Sole’ contracts are higher than those for ‘Sole Agency’ contracts. The obvious disadvantage of such a contract is that it is more expensive. In addition to this, the agents might be less motivated “because there’s always the possibility that “the other guy” will find the buyer, thus allowing one agent to make his commission without having to do very much. If both agents have this mentality you’ll find yourself in a position where no one is focusing on finding you a buyer.”

On the other hand ‘Joint Sole Agency’ agreements could make a lot of sense in some cases. For example, if you chose estate agents that specialise in different markets and would not compete against each other. A national agency specialising in exclusive properties could for instance be teamed/paired up with a general local agent. This would mean that your net would be cast wider.

  • Multiple agency

‘Joint Sole Agency’ contracts have to be distinguished from ‘Multiple Agency contracts’.A ‘Multiple Agency Contract’ means that you appoint more than one agent with no fixed contract period. In fact, if you so wish, you can add or remove as many agents as you want. Only the agent that actually finds the buyer will receive any commission. Because of the initial outlay in marketing a property, some estate agents will not enter into a ‘Multiple Agency’ contract. According to the Primelocation “The strategy of engaging multiple agents is often only for those who are under serious pressure to sell their property fast, as commission fees tend to be higher than with a ‘sole’ agent.” Also, some people believe that it “smacks of desperation and often causes buyers to become suspicious of (or dismiss) your property.”  As the commission is not split, problems could also arise among agencies, as to who found the buyer. So if you opt for this type of contract, it might be wise to keep a note of which estate agent arranged which viewing. However, there are also some advantages. This type of contract will, for example, give you a lot more flexibility. You can choose the number of estate agency you want to use and for how long you want to use them for. To make sure that you have covered every niche, the Buy Association suggests “Instructing at least three agents, including a smaller, independent one and a representative of one of the larger chains”, to “maximise your opportunities.”  It really depends what your needs are. Although “Multi Agency Contracts” cost more” there is no denying the fact that “your property will get more exposure” which will increase “the prospect of a quick sale.”  Of course, there is always room for manoeuvre. You could for example, as Moneyfacts suggests that “start out with sole agency” and then move “to a multi agency agreement at the end of the tie in period.” Alternatively, you could opt for a ‘Joint Sole Agency’ agreement instead of a Multi Agency one. The ball is in your court.

Negotiate?

Of course, you should negotiate! If you like the estate agency, do not turn your back on them, because you are not happy with some parts of the contract. However, before you embark on your negotiations or sign your contract, here are some words of WISDOM from some independent property experts:

1. PACKAGE

Compare like with like. “Get to the Bottom Line – Every agent will have a slightly different marketing package and fee structure. Ensure that all costs associated with selling are fully explained and that a total figure is given and confirmed in writing. That way you will know exactly what you will have to pay at the end of the process. They you can compare each quote, like for like, to decide which is the best option for you!

2. FEES

Property expert Henry Pryor believes that ‘Tempting though it is to grind agents on price, now might be a time to remunerate them to find a buyer,’ says Henry Pryor, of www.housingexpert.net, himself a former agent. ‘Being relatively generous will help keep your house at the top of the heap.’ Primelocation agrees with this. They believe that getting “the fee down may end up being a false economy. Remember, your estate agent works on a commission and you want them to be motivated to sell your property fast. By haggling too low, you may be taking away much of the incentive the estate agent needs to focus on your sale. Henry Pryor has noticed that “Plenty of agents will also cut their fees by finding buyers without advertising your property.” Buyers, who don’t have their property exposed on the open market, are, of course, running the risk of selling for less than it is worth. Would you be happy for your property not to be exposed on the open market? If an estate agency is offering very low fees, find out what service and package you will be getting in return.

3. EXCEPTIONS to negotiations

“Estate agency chains that are run corporately are more difficult to negotiate with than small agencies or estate agents who work independently. Corporately run, nation-wide agencies tend to enforce some strict policies surrounding commission levels and their employees have to adhere to these. These chains can get away with this rigidity because they know that there will always be buyers and sellers who will accept the terms of their contracts and the exorbitant charges without doing research into it.” http://info.mouseprice.com/articles/for-house-sellers/how-to-negotiate-estate-agent-fees/

We hope our articles will help you maximise the return on your property and wish you much success with the sale of it!! Next month we are looking at what home improvement are best to increase the value of your property.

How To Choose A Good Estate Agent

How to choose a good estate agent

How to choose a good estate agent

Your property will probably be your most valuable asset. So choosing a good estate agent, who can help you maximize the value of your investment and minimize any stress, must be your first consideration. A good estate agent has to be a master of many talents: a salesman and marketer; a top negotiator and administrator; and let’s not forget a diplomat and counselor for those last minute hiccups. To help you distinguish the wheat from the chaff, here is step by step guide of how to find a top notch estate agent for your property:

Make a short list

Look for three or four estate agents who have a good track record of selling similar properties in the same area as your property. Perhaps this is stating the obvious, but it’s really important to get this right. An estate agent in Hampstead for example would usually be sought out by buyers in North London. So, if you have a property to sell in Chelsea, instruct an estate agent who covers the same area. Likewise, if you are selling a country property, don’t put it on the market with an estate agent who specializes in trendy urban flats. You are employing an estate agent so that you have instant access to their existing bank of customers. But you can only take full advantage of this, if the agent’s customers are also the type that would be interested in buying your property.

Decide on sale price

Contact three or four estate agents and ask them to give you a free valuation. Property prices fluctuate and there is no scientific formula to work out the value of a property. A good estate agent, who is constantly selling similar properties in the area, should have the expertise to give you a fairly accurate value of your property. But “Don’t be fooled by the valuations they give”, warns the Home Owners Alliance. “Agents know that one of the main reasons people pick them is the valuation they give. They take two general approaches: Some agents give deliberately optimistic valuations, to make you think you can get a higher price with them,and then try and talk you down after you have chosen them. Other agents “insist they are giving a realistic price, and tell you not to be fooled by falsely high valuations.” (see http://hoa.org.uk/advice/guides-for-homeowners/i-am-selling/how-should-i-choose-an-estate-agent/).In fact, going with the highest valuation could cost you dearly the long run. According to the Buy Association “your best time for selling is when your property is newly on the market. If it is overpriced, you risk it lingering unsold, which reduces its impact. If you then lower the price, potential buyers may think there’s a problem and be put off even coming to view it.”

So what are you to do?

Cutton Clox solicitors recommend that you ask your “estate agent to value your house on a “priced to sell” basis” as well as “expect to achieve” price. “Remember, your Estate Agent wants to create a buzz for your property, so attracting more than one interested buyer can lead to a small scale (or large) bidding war.”

At the end of the day it is, of course, your property and you can call the shots. This might be a good time for you to think about what your requirements are. Are you after a quick sale or do you need to achieve the highest sale price?

Other fundamentals

By now you will probably be trying to decide which estate agent to instruct. Don’t rush into this. It is an important decision. So take your time and consider the following points before signing on the dotted line:

How approachable and professional is the agent?

Send them an e-mail or phone them up. Do you get a quick reply? Would you want to deal with this agent, if you were a buyer? Are they enthusiastic and friendly? What about the marketing and advertising of the property? Take a close look at their property brochures and compare them to those of other agents. How have the properties been presented? Do you feel that this agent is able to present your property to a high quality? Also, find out how the agent will advertise your property.

Is the agent a member of a trade association?Are they a member of an accredited body such as the National Association of Estate Agents(NAEA). Members of such an organisation have to sign up voluntarily to a code of practice and are bound by strict rules. If you are unhappy about your estate agent’s services the NAEA will protect your interests and take disciplinary action against the estate agent on your behalf.

What about the viewings?

Ask the estate agent who will look after the viewings? Will the same estate agent be around for all the viewings?

The Detail

Now it is time to decide on the type of contract you want to enter with your estate agent. You need to weigh up the advantages and disadvantages of a sole and multi agency agreement. Also, do not sign on the dotted line until you have read all the small print. How much will the agent charge? What do you get in return for this? When is the fee due?

In the May Newsletter I will write about what to look out for in an estate agent’s contract.

 

 

Block Management – the do’s and dont’s

block management

Block Management Special – Should you self manage your block?

How?

As a flat owner you are able to obtain management responsibilities in different ways. You might be able to purchase the freehold of the building. Alternatively, you could claim the right to manage (RTM). In some cases, usually small properties, landlords are also happy to hand over management responsibilities to their tenants. For further information see The Leasehold Advisory Service and The Right to Manage Federation

Why bother?

Generally speaking, the most compelling and common reason is to get rid of the landlord. Some leaseholders are suffering from mismanagement of their property and want to put an end to high service charges. Others want to have a greater say in how the building is managed and save money in terms of maintenance and repairs. This makes sense. After all leaseholders have forked out thousands of pounds to own to their own properties and want to have a stake in how their block of flats is managed.

Responsibilities and Liabilities

With the ability to obtain management responsibilities also come significant duties and responsibilities under legislation and the lease. It is important to be aware of what is involved before deciding whether your property should be self-managed or by appointment of a professional management agent. Below I have set out some of the responsibilities and liabilities:

Running a limited Company

No matter who manages the block of flats, the actual management is carried out through a private limited company (RTM; Right to manage company, see also: https://www.gov.uk/set-up-property-management-company). As a company, you will be bound by Company House guidelines and you will have to appoint a board of directors. Time has to be set aside for board meetings and other duties such as compiling and submitting annual returns. The board of directors will be responsible for the day to day running of the company and has to make sure that the company stays solvent. So leaseholders who regularly avoid paying their share could jeopardise the solvency of the company.

Covenants

There is no standard lease. Each lease contains different covenants. Leaseholders who manage their own building have to ensure that they fully understand the lease and that all the covenants are being enforced. Failure to do so can result in legal action or tenants withholding rent. Lessees’ usually have the right of “quiet enjoyment” of their flat, and a management company would have to ensure that this has not been breached. At the other side of the spectrum the management company would also have to make sure that the tenants or leaseholders have not neglected their duties. These breaches might include subletting without permission or carrying out unauthorized building work. Would you for example know what to, if a tenant failed to pay their service charge, because of redundancy? Or, how would you deal with antisocial behaviour by one of the tenants? This not only requires an in-depth knowledge of the law and how to enforce it but it can also be very awkward to deal with fellow leaseholders and neighbours over breaches of the lease or other sensitive issues.

Maintenance of Block of Flats

It might sound obvious, but you and your fellow leaseholder would be in charge of managing repairs, maintenance and anything else concerning the block of flats or its grounds. This also includes the provision of services such as ground maintenance, heating, lighting in common areas. In terms of building maintenance, the responsibility is two-fold. Firstly, it involves maintaining the building to a standard required to sustain it and to add to its investment value. Secondly, it also consists of knowing and planning for preventative maintenance to keep ongoing running costs at absolute minimum. At a practical level this means having to find and employ contractors to carry out the necessary work. Would you know where to find competent contractors? Do you know what the going rate for the work in question is and would you be able to negotiate a competitive rate The “ RTM company must adopt a responsible attitude to the long-term maintenance aspects.” It “cannot save money by reducing essential services or by allowing the block to deteriorate. The covenants in the lease require the property to be maintained as it becomes necessary, not when convenient.” http://www.lease-advice.org/aboutus/

 Compliance with the Law

Apart from company and housing law, the company and its directors are also legally required to comply with a wide range of health and safety law. Did you know that the common parts of a building become a place of work and as such have to be in accordance with Health & Safety regulations? Keeping abreast of the ever-changing government legislation is a job in itself. There is for example a legal requirement to inspect and test electrical equipment and to maintain an asbestos register. Sometimes it is more complicated than just organising an inspection. For example “In order to have your boiler and flue passed as safe by a Gas Safe engineer, you would  need to ensure that the entire length of the flue can be inspected. Where the flue is inside ducting, a wall or a ceiling, you will need to install an inspection hatch, or hatches, so that access is available throughout the length of the flue.” (See Industry Today)

Ignorance of law is, of course, no excuse. Failure to comply with the different laws and regulations might not just result in a substantial fine but a prison sentences for those responsible for the upkeep of a building.

Flexible approach to Block Management

At May & Co we understand that you want to be in the driving seat, when it comes to managing your block of flats. We are an accredited Block Management Company and can offer you a flexible approach. This allows you to select the level of service you require. You choose. We can do all of the block management for you or just the parts you don’t want to do.

 

Property News

Property News : WHAT TO EXPECT IN 2014

Property news from May & Co

Examining the year-end position reveals that investors have cause for celebration, if they’d bought prime central London property in 2013. According to the Nationwide, “UK house prices increased by 1.4% in December and were 8.4% higher than December 2012. “All UK regions saw annual price rises in 2013”. However, “house price growth continued to accelerate in London, reaching 14.9%, the highest growth rate since Q1 2010. Prices in London are now 14% above their 2007 peak.”

This means that the rise in prices in London is twice the UK average growth rate.  Similar figures are also recorded by the Halifax (see graph) and the Office for National Statistics. The ONS believes that rises are “again largely driven by London”, where the rise in prices is “more than double the UK average increase”.

Is property still a good investment?

The Nationwide has calculated that “house price growth has been outstripping average earnings growth since the middle of the year.” With the average Londoner earning about £37,000, this means that homeowners are making more money out their properties than their jobs. Prime central London property has also been outperforming other types of investments.  Andrew Batt, International Group Editor of Property Guru Group said that stock levels in the sub-£2 million bracket have been down 37% year-on-year and that prime central London property has also outperformed gold, which fell by a quarter from January to mid-December.

Reason for rise in house prices

The surge of London property prices is driven by a number of factors such as –

  • Shortage of new homes.
  • increased confidence about the economic recovery.
  • huge demand for London properties by overseas buyer.
  • low interest rates.
  • poor investment returns in the Western hemisphere.
  • London’s investment status as ‘safe haven’.

Housing Bubble?

Recent data from the Royal Institute of Surveyors has shown that UK property sales in December 2013 were highest since March 2008. This and the increase of property prices has caused speculation about a property bubble. Mark Carney, the Governor Of The Bank of England, has robustly rejected this, saying that “We’ve had acceleration from quite a low level. Any time we see a sharp increase in credit growth we take an interest.”  Peter Bolton King, the RICS global residential director said that an increase in affordable mortgages has released suppressed demand from aspiring buyers who have tried to get a foot on the housing ladder in recent years.

So what does the future hold?

Halifax is expecting “house prices to continue to rise this year, most likely at a broadly similar pace to 2013.” The RICS annual housing market forecasts that2014 may well see the nascent pick-up in activity gather pace and this will be reflected in the housing market. Across the UK, all parts of the country should see prices rise next year. Predictably, the biggest increases are to be seen in London, where the cost of a home will jump by around 11%.” Mark Carney told lawmakers on Parliament’s treasury committee that he predicts that house prices will keep rising this year and next, but gains in 2015 are likely to be at a slower pace.” The Daily Telegraph put Kensington & Chelsea in second place among its top 20 places to invest property in London. It expects that property prices in Kensington & Chelsea to increase by 25% over the next five years.

 

 

 

How To Choose A Property Management Company

How to choose a property management company

property management

Although using a property management company is not cheap, a good company will not only save you time and worry, but will make a huge difference in the value of your investment. It will bring know how and experience to your property, which in turn will minimize risks and maximize return. Therefore, it pays to be selective when choosing a property management company.

Choosing a management company can be a daunting task, because on the outside every company appears to offer the same service. But just like any business there are companies offering good and bad services. To help you separate the wheat from the chaff to find a first class company, here are six questions you might want to consider, if you are interviewing property management companies:

1)      What are your qualifications?

Make sure that the management company is part of an independent licensing scheme for lettings and management agents. You can check their websites to see if they are members of an association like ARMA (Association of Rental Letting Agents). With regard to block management this is particularly important, because the management and administration of blocks of apartments or flats is complex and requires specialist legal knowledge.

2)      Do you have a proven track record?

Make sure that the company is not managing properties to supplement their income, but that property management is an integral part of their business. It is important to establish that they have a proven track record in this highly specialized field.  If in doubt, ask them what percentage of their business is made up of property management and how long they have been in business.

3)      Check for customer service

A property management company is the linchpin between you and your tenants and as such has to be readily accessible. Make sure that the prospective property management company returns your call or provides you with answers to questions raised within a reasonable amount of time. If they are unable to run their own business efficiently, you should not trust them with your business.

4)      Are you flexible?

Find out if the company offers a flexible approach, so that you can select what part of the administration and management you would like to hand over to a management company.

5)      Do you use computerized accounting?

Find out if the company used computerized accounting and will prepare your accounts, because this would reduce your audit and accounting costs.

6)      What are your fees?

Don’t be embarrassed to ask for an exact breakdown of fees. Depending on the level of service you require, some of the terms might even be negotiable.

Kings Road Restaurants

Kings Road Restaurants

Here is a sampling of some of our favourite Kings Road restaurants for you to enjoy.

Kings Road Steakhouse

May & Co Kings Road Restaurants

Down at the World’s End ‘end’ of the Kings Road is the wonderful Kings Road Steakhouse owned by the prodigious Marco Pierre White.  This is very much a traditional steak house serving sumptuous steaks that have to be seen to be believed. But it’s not all about steak, the last time we were their we head some great starters including beetroot and goats cheese. Great service too.

Kings Road Steakhouse, 386 Kings Road, London, SW3 5UZ Tel: 020 7351 9997

 

The Big Easy

May and co - Kings Road Restaurants

‘Jumbalya, crawfish pie,  filé  gumbo….’ well, not exactly but if it’s the flavours of the deep south that you are after then look no farther then the Big Easy. The roots of this noisy Kings Road restaurant go back to the 19th century when crab shacks popped up all over the gulf coast. This Kings Road crab shack restaurant has been around for quite a while now serving up classics like Chophouse Burger, surf n turf and Canadian Lobster. With live music every night of the week it’s Mardi Gras every night at the Big Easy.

Big Easy Bar.B.Q & Crabshack, 332-334 Kings Road, Chelsea, London, SW3 5UR
Telephone 020 7352 4071

 

Megan’s Restaurant & Deli

May and co - Kings Road Restaurants

A little further down the Kings Road near the home of Chelsea Football club is Megan’s Restaurant & Deli. Part cafe, part delicatessen Megans boasts a wonderful rear courtyard which is a fantastic spot to have a cooked breakfast coffee or cake in. Also at night the place becomes a full blown restaurant which is famous for its antipasti. They have a rather good selection of whiskey’s too.

Megan’s Restaurant & Deli, 571 Kings Road, London SW6 2EB
Tel: 020 7371 7837

Sushinho

May and co - Kings Road Restaurants

Ever had Japanese/Brazilian food before? No? Surprisingly, this fusion isn’t that unusual if you are a resident of Sao Paulo which, apparently, houses the biggest Japanese population outside of Japan itself. Enough of the history. What’s the food like, I hear you ask. Well, it’s actually extremely good and should be considered up there with the likes of Pacific Rim cooking. When we went there we were treated to some fantastic Wagyu burgers, spider crab and some great sushi. The quality of their fish is quite remarkable. We also drank some particularly fancy cocktails too. Well worth a visit.

Sushinho, 312-314 King’s Road, London, SW3 5UH Tel: 020 7349 7496

 

We really are spoiled for choice when it comes to great Kings Road restaurants and we will add more restaurants to our guide as and when we get to sample them. If you are planning a night out why not check out our guide on great Club in Chelsea too. Have fun everyone!

 

 

 

Things To Know Before Moving to Kensington & Chelsea

May & Co

Thinking of Moving to Kensington & Chelsea?

Here is a list of some of the things you should know before making the leap.

1. Crime – for such a central area, Kensington and Chelsea ranks fairly low on the London crime figures and the good news is that crime figures are down 18% from last year. If you look at London mobile phone thefts the area doesn’t even rank. To view the complete facts and compare them to other boroughs check out the Metropolitan Police Crime Figures

2. Schools - Kensington & Chelsea is packed with some great state run and fee paying schools and there are schools to cater for all sorts of children and budgets.  For more information about the fee paying schools it is worth visiting The Independent Schools Directory as well as the Kensington and Chelsea Schools list

3. Medical Care – As most of the wealthiest people in London live in the royal borough of Kensington & Chelsea it is hardly surprising that the medical care that you can find in the borough is second to none. If it is private hospitals that you are after then check out this map. If it is state health then visit the Hospitals section of Kensington and Chelsea website. If you need to seek immediate medical attention then the Chelsea and Westminster Hospital has an 24 hour accident and Emergency unit.

4. Demographics – In the 2011 census the population of Kensington & Chelsea was 158,649 and is comprised of approximately 49% males and 51% females.The average age of people in Kensington and Chelsea is 38 years of age.

45.6% of people living in Kensington & Chelsea were born in England. The other top responses for country of birth were 5.0% United States, 2.2% North Africa, 2.0% South America, 1.7% Ireland, 1.7% Australia, 1.6% Scotland, 1.6% Philippines, 1.4% Iran, 1.0% India.

72.0% of people living in Kensington and Chelsea speak English. The other top languages spoken are 4.9% French, 2.9% Arabic, 2.7% Spanish, 2.4% Italian, 1.4% Portuguese, 1.4% German, 0.9% Tagalog/Filipino, 0.9% Persian/Farsi, 0.9% Russian.

32.1% of people are married, 9.5% cohabit with a member of the opposite sex, 2.0% live with a partner of the same sex, 39.1% are single and have never married or been in a registered same sex partnership, 9.7% are separated or divorced.

5. Entertainment –  If you are looking for entertainment then Kensington and Chelsea is one of the best places to live for adults and children alike. The list is endlesss but here are some of our stand out choices

Restaurants –  La Brasserie, which is London’s first all day French restaurant. Restaurant Gordon Ramsay, does this really need any description? Zuma, a glamorous Japanese restaurant.

Museums – The museums in Kensington & Chelsea are some of the best in the world and The Science Museum, The Natural History Museum  and the V&A are on the same street

Music and Theatre – Just down the road from the best museums and opposite Regent’s park is the world famous Royal Albert Hall. If you are a lover of theater then the area is lucky to boast two of london’s most cutting edger theatres – The Gate Theatre and the Royal Court Theatre on Sloane square.

 

Clubs in Chelsea

Clubs in Chelsea

Thinking of moving to Chelsea and want to know more  about the local nightlife then check out our selection of some of the best Clubs In Chelsea

Raffles

Clubs in chelsea

Of all the night clubs in Chelsea, Raffles is the one that appears the most popular with Royals, politicians and celebrities alike – it’s part of the King’s Road folklore.  Raffles roots go back to the 1960’s when groups like the rolling stones and Eric Clapton where regular guests. So if you want to rub shoulders with London’s elite, Raffles might be the place for you. However, what has made Raffles so popular is it’s exclusivity. So, if you aren’t a member yet you’ll have to go with one if you want to get in.

Raffles
287 King’s Road
London
SW3 5EW
Tel 0207 351 4964
Dress Code: Smart Casual,Dark jeans only,No shorts,No Polo Shirts,No T-Shirts (unless worn under a jacket for the night)No vests,No sports trainers,No baseball caps or beanies.

 

Embargo

Clubs in Chelsea

If you like you love cocktails then look no further than Embargo 59. This Cuban influenced Night club has an almost unparalleled selection of cocktails, Champagnes, punches and spirits (over 25 rums). The interior is pretty special too with opulent gold floors and ceilings and has an illuminated dance floor too!. An if you love Cigars it also has a walk in humidor where you can by Havanas. With it’s effortless style Embargo is definitely a favourite among the Chelsea elite clubbers. So get down and party ‘Cuban style’!

Embargo 59
533 Kings Road
London
SW10 0TZ
Open four days a week from 10pm until 3am.
Dress Code: Smart but funky, casual but clean

 

JuJu

Clubs in Chelsea

If it’s dance music you are after then of all the clubs in chelsea Juju definitely stands out.  Impressively JuJu has just been named “Best DJ Bar” at the London Club and Bar Awards 2012.  If you get there before 10pm you can listen to chill out music whilst sampling their fantastic pan Asian dishes. After 10pm the atmosphere changes and the DJ’s step up the pace with Funky House and modern dance music.

Juju
316–318 Kings Road
Chelsea
London
SW3 5UH

 

 

London House Prices

News about london house prices

London House Prices

Having ended 2012 with many keen to buy applicants and plenty of sales, 2013 has quite a lot to live up to. Taking a look at the broader picture it looks like London House prices throughout the capital are up 1.2 percent in February with areas like Fulham and Chelsea really taking off. At May & Co we have had a fresh avalanche of keen buyers registering daily with us and plenty of valuations, and property sales which are keeping us very busy. We have on offer this wonderful one bedroom flat in the charming Elm Park Mansions on offer

Lettings

After a somewhat leisurely start to the year the lettings market has really picked up in the last few weeks.Investors are back, the corporate market is returning and many new landlords are looking towards specialist letting agents like May&Co to manage their portfolio of properties.But there are still some competitively priced properties available  Like this stylish two bed flat on Edith Grove  – perfect for sharers!or this elegant one bed flat with balcony on Redcliffe Gardens