London, 13 November 2015 — The ACfPU successfully hosted its annual London Housing Forum. Industrial experts from Jones Lang LaSalle, Bank of China, Zhong Lun Law Firm and Hostmaker shared their insights on London property market’s recent trends and the sold out event saw over 120 guests attending.
London real estate has been going up in the past 30 years, with the price still going up although affected by the stamp duty reforms, Jones Lang LaSalle was overall very positive about the market. Post UK election has provided stability, the economy has grown stronger out of recession, people are more confident in salary and job security, and the demand is a lot higher than supply. London skyline is being changed with recent development work leading to new hotspot areas such as Crossrail and Canary Wharf.
Linda from Zhong Lun Law Firm explained the legal procedure and tax implications on buying properties in UK, while Xiaowen Li from Bank of China provided a financial perspective. She advised the potential international buyers to research on different rates options, taking into consideration about oversea incomes and international money transfers.
The 2015 forum also tapped into a new business area. As the international travellers have grown an appetite from standardised travel experience to experimental travel, Airbnb is now a 24 billion dollars business. Nakul Sharma, the founder of the hot start up Hostmaker saw a new business opportunity. By taking a commission from the Airbnb hosts, Hostmaker provide full property management service for Airbnb hosts, from home set up, calendar management, dynamic pricing to maintainance, making hosting easier and more profitable. Nakul was confident in the short term rental market in London due to high demand.