If you’re looking to begin or expand your portfolio, allow us to introduce our New Homes Lettings service.
It is a beautiful day in Canary Wharf. Suited and booted professionals glide into towering, glass-fronted buildings. Residents, working from home in dazzling developments, take their dogs for a morning stretch in manicured gardens. The distant clatter of hammers and whir of cranes give Canary Wharf an industrious soundtrack, as new and expanding developments bring incredible new homes to this waterfront wonder.
And Foxtons New Homes Lettings team are here too, in glamorous South Quay Plaza. We’re talking to Andrew Laoudas from the New Homes Lettings team, about what this service can do for investing landlords.
What is New Homes Lettings?
Meet your secret weapon in London Lettings – Foxtons New Homes Lettings. Andrew tells you all about the service below:
Interested in our New Homes Lettings service? Email our New Homes Lettings team, or call +44 (0) 20 7893 6305.
Our trained experts will guide you through every stage of your investment, from purchasing through London’s top developers to letting through London’s number one lettings agency brand*…and beyond.
* Source: TwentyCI data, 2023 v 2022 market share and market share growth of new instructions at a brand level
What we mean by end-to-end
‘Just choose your investment, and we will do the rest.’ ~Andrew Laoudas, Foxtons New Homes Lettings
This team brings together all of Foxtons lettings services, to steer a new investment through the entire lettings journey on your behalf:
• Purchasing: We provide support and communication throughout the entire purchase process.
• Letting: Foxtons are London’s number one lettings agency brand*, so we can ensure your new property is let as quickly as possible, for the best possible price.
• Property management: Landlords depend on Foxtons Property Management to track and handle everything from their new property’s maintenance to tenant communication and compliance with London’s ever changing local legislation.
• New opportunities: Join in any of the exclusive events put on by our New Homes developers’ network and Foxtons own investor events, and you’ll get personalised insight from top experts and early introductions into the most exciting opportunities coming to London.
Buyer and Investor event in Hong Kong
Asia Pacific Landlords, we’ve come to you!
For a few more days, our New Homes team are in Hong Kong, where we’re hosting lettings seminars, sharing market insight, cluing you in on new investment opportunities and introducing our UK experts to answer all your questions. If you want to start or expand your London portfolio, please do come along.
My name’s Andrew Laoudas, and I’m here at South Quay Plaza in Canary Wharf, enjoying one of the most incredible views of London.
1. What is New Homes Lettings?
New Homes lettings is a one stop shop personalised lettings service for UK and overseas investors who want a hassle-free, hands-off lettings experience. We assist our clients from start to finish of the lettings process. Just choose your investment and we will do the rest!
2. What is your typical day in New Homes Lettings?
There is no typical day but as an example I spend the morning speaking to my clients giving a market overview or speaking about the completion timelines. I’ll give investors a live update on the current rental market conditions.
At midday I typically go to a development to see the progress and liase with the completion teams. I could then speak to our furniture partners regarding options for a new client. Then I’ll value a whole new phase of a development, as our developers rely on our data and analysis for demographics, pricing and market insight.
To round off my day, I’ll present offers to our landlords from our portfolio.
3. Why should landlords consider new builds?
Because they are fantastic buildings! They have amazing facilities they are brand new! Tenants want to live in these beautiful new blocks and will pay a premium to do so. Also brand new properties require minimal maintenance!
4. What services do you offer?
It is an end-to-end service! We are here to do the hard work so that you don’t have too! We support you through the purchase, and our aim is to get it let for you as quickly as possible for the best possible price!
Our network of over 50 Foxtons offices across London provides a wide pool of tenants. Our aim reduce void periods and secure long tenancies to maximise your return.
We are London’s number one lettings agent and have a plethora of tenants looking to secure a rental in our prime London developments many of whom work for London’s largest companies who come via our award winning Corporate Services Teams.
5. What difference does NHL make for overseas investors?
It's game changing! New Homes Lettings are the local representative for our Overseas investors. Some of our landlords haven’t ever seen the property in person before buying. We become your eyes and ears in London.
With over 50,000 renters registering monthly, we can help you secure a qualified tenant after the purchase. Property management is another big factor for our international landlords, who depend on our locally-based specialists to handle their new property’s maintenance, tenant communication and compliance with London’s ever changing local legislation.
We are here with you every step of the way to answer any questions or queries you might have.
6. What are London renters looking for in New Homes?
London renters love the range of amenities, the green spaces and the overall lifestyle in new homes. We often see longer tenancies, which is ideal if you’ve just bought a new property. So, currently our, average tenancy length is about 18 months, but we’ve noticed with New Homes, tenancies are anywhere between 1-5 years.
7. What sort of events do you do?
Between New Homes developers and the Foxtons team, there are many events investors can attend to get ahead in the London market. We recently held an event at prestigious Damac Towers, where we shared market insight, our financial experts answered questions and I had great 1-on-1 conversations with portfolio landlords.
In March, our New Homes team will be in Hong Kong again, where we’ll host lettings seminars, share market insight, and introduce our UK experts. If you’re an overseas landlord wanting to start or expand your London portfolio, please do come along.
8. What are the hot areas for investing in London?
With so many new developments offering state of the art facilities and green spaces. Many of our applicants work from home multiple times a week and are really invested in the lifestyle of work and play. Similarly, good connectivity to transport links is a must when renting in London. 2 out of 5 Foxtons New Homes tenants go on to rent in an area they didn’t initially consider due to the wow factors of a new development.
9. What kind of tenants can I expect for my property?
London has an eclectic mix of tenants with a high demand, looking for new build properties. Ranging from our cooperate tenants via global firms housing their staff, to business owners & entrepreneurs and to families the list is endless.
10. What is your favourite development in London
That is really hard say, the choice is vast but I must admit I do have a shortlist, the real gems of our capital. Perhaps we could discuss this on your valuation, and I will share my top choices!
Case Study: Recently, I was put in touch with one of our purchasers based in mainland China. The client did not speak English and was passed across from our APAC team who speak both Mandarin and Cantonese. The client had never let a property in London before.
We exchanged WeChat details and managed to converse smoothly. We discussed the estimated rental value and marketing strategy. Prior to completion, I conducted the handover, fast forward a few weeks, we successfully let the apartment on a three-year contract to a professional couple for a very good price.
The landlord sat back and watched our 360 service managing all of their needs.
Ready to explore New Homes Lettings? Dive deeper with our article, linked in the bio, or call us at the number on the screen.
Come to our next investor event at Bow Green on Feb 29th, for the latest insight on London property. Hong Kong investors – our experts will come to you. Meet Foxtons APAC team in early March, in Hong Kong for new opportunities in the London market.
