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The UK's serviced apartment industry is emerging from the financial crisis as a different beast. The ground has shifted and demand can now be found in areas where there perhaps was none before. Nowhere is this more evident than in London - Britain's serviced apartment hub.
In days gone by, a landlord's only choice when considering how he wanted to manage his portfolio was simple - hire a lettings agent or manage it themselves. But this is no longer the case...
One of London's most well-known properties is poised to become one of the city's most prestigious addresses. The In and Out Club, also known as Cambridge House, was purchased by Reuben Brothers in 2012 and will undergo an extensive three years or more refurbishment to be a single family residence...
Value for money and London are generally two ideas that don't seem to go together nowadays, particularly when it comes to property. Real estate prices and rents in the city far outstrip everywhere else in the UK and while huge returns can be gained by investors, having the money to enter the market in the first place continues to be a big challenge.
The world has felt pretty hard-done-to in the last few years as the global credit crunch wreaked havoc on the financial lives of people around the world. Imagine how the Japanese must feel...
When investors think of London they are reminded of its steadfastness - a beacon of light in an otherwise gloomy global environment. Consequently, it is only natural to want to plough money into the hot spot, reaping the benefits of its economic and political position.