Zhou is an enthusiastic member of the China Desk property management team currently responsible for new build properties belonging to our growing base of Chinese landlords. He also looks after all maintenance issues and liaises with contractors to ensure our Chinese tenants have a good experience. A native Chinese speaker, Zhou has an undergraduate degree and Masters in Law which comes in handy for his role that requires attention to detail and good negotiation skills. In his spare time, Zhou unwinds at the gym, likes swimming and table tennis.
Rental demand has been very strong throughout 2019, increasing dramatically since the spring in particular and continuing through until October. Due to a shortage of stock generally across the rental market, some applicants found it difficult to find a property and due to this stiff competition amongst tenants, didn’t even negotiate but agreed to take the property as soon as they viewed it. Demand was high from all sectors of industry – finance, tech and fintech in particular as well as students. Kings Cross, White City, Elephant and Castle, Nine Elms, Canary Wharf and Aldgate were amongst the most sought-after areas.
In terms of investment activity, we saw increasing numbers of Chinese investors buying properties for their adult/student children to live in while studying or working in London. Many plan to let the property out when their children no longer live in London while many plan ahead and buy the property while their child is still at school, let it out now and then have it ready for when the child starts university. Some more conservative investors are adopting a wait and see approach because of Brexit but most still have faith in the UK property market and believe now is a good time to buy as many developers are offering incentives and discounts, and of course the pound remains weak. Developments such as London Dock, White City Living, Elephant Park and Goodman Fields are very popular with Chinese investors.
Several unique benefits allow our China Desk to stand out from our competitors:
You are assigned a dedicated account manager as your main point of contact right from the start who will walk you through the entire process.
Some important parameters (company and employee) will need to be set before arrival in London, including:
Using the above criteria, we will narrow our search and provide a list of suitable easy- to-reach properties for viewing. We will then escort you to the viewings as we can then also point out key amenities and transport hubs.
After a property has been chosen, we will negotiate the best terms, ensuring that all the specific company requirements are fully met.
We will then subsequently draw up the tenancy agreement (or, if required, use the pre-existing company document), register the deposit with an appropriate scheme if the tenancy is in the employee’s name and complete all other necessary documentation required under UK law.
We can assist with certain mundane, yet unavoidable tasks such as inventory checks and the management of utilities prior to moving in. Electric, gas and Council Tax accounts can be set up and appliance instructions supplied.
A fully managed property ensures that maintenance issues are kept to a minimum and that tenancies are problem-free. Two thirds of our properties have opted for this service.
Your dedicated account manager is just phone call or email away.
As their tenancy period comes to an end, a good number of our corporate clients choose to renew their agreements. We will be on hand to negotiate a new contract or, if required, to acquire a new rental property on your behalf.
When a tenancy does come to an end, we are on hand to recommend professional cleaners and, if required, to attend any inventory checks.
A smooth end to a tenancy agreement is in everyone’s best interest, so after the inventory check-out is complete, we will ensure that any reasonable deductions are made by the landlord with a view to returning your deposit as soon as possible.
We offer a choice of additional resources for HR professionals including:
We strongly feel that the best business outcomes are based on established partnerships and with this in mind, we continually strive to give the best long-term advice and assistance attainable.
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