Studio Flats London

Televised scenes of British people forming long queues outside one of her biggest mortgages lenders, the Northern Rock bank, did little for confidence in the country’s banking system.
Coming on top of the difficulties across the Atlantic in the US with their bank mortgage lenders, both London’s FTSE and New York’s Dow Jones were jittery, with the remedy provided by the Fed and British government in cutting US interest rates by a half point and guaranteeing Northern Rock’s bank customers savings in the UK.
If the current financial situation does worsten, with the US going into recession and Wall Street, along with London FTSE taking a plunge, it could have an impact on the European tax havens of Andorra and Monaco, according to a UK based tax haven specialist company.
‘City brokers in London have been earning high salaries and bonusess to reflect that’, explain the company, ‘but that has been on the back of ten years of economic growth under the current Labour government. The enquiries we receive for Andorra and Monaco are often from those who work in the City of London who are looking to maximise their earnings by reducing their tax bills – but if they aren’t going to be getting the bonuses they’re not going to be able to afford a property in Monaco.’
With the same tax benefits as Monaco, Andorra has also seen interest from UK high earners, who are attracted by the property prices which average a quarter of Monaco’s – a shrewd decision for those who are prepared to sacrifice Monaco’s image for a tax haven that is well known for her winter sports activities between December and mid April.
Commenting on the year so far for property sales in tax havens, the company has reported the year overall looked gloomy for estate agents in Andorra for the year overall given poor sales for January, February and March. But the second quarter proved to be dramatically better.
Rather than the season being delayed, what saved the second quarter was high net worth individuals looking for residency and taking advantage of Andorra’s tax haven status that has reignited the property market.
Buyers from the UK in particular were out in force during April, May and June, with many spending twice as much as the average ski apartment buyer.
One UK company who specialises in tax haven properties sees a direct link between the high prices of property in the other European tax haven of Monaco, and the high spenders moving into Andorra.
Monaco property prices have risen in recent years to the extent where it challenges London for having the most expensive real estate in the world. Andorra has consistently seen double digit property inflation, but is still considerably less expensive than Monaco.
A studio apartment with 43m2 of living space has just come on the market in Monaco at 1,150,000 Euros, while a 2 bedroom apartment with 100m2 can be bought in Andorra for under 400,000 Euros.
With similar tax benefits, the UK company says that some buyers who initially consider Monaco end up buying in Andorra. The buyers have often budgeted a million Euros for a 2 bedroom apartment for Monaco, and are happy to pay half that price for a much larger apartment in a good area of Andorra, with top end apartments in Andorra turning over quickly to foreign buyers. Some Monaco property buyers who buy in Andorra also buy a four or five bedroom chalet with its own gardens, which start at just under a million Euros in Andorra.
The property buyers tend to head for different areas of Andorra, with the ski apartment buyers tending to purchase in the key ski resorts of Soldeu and Arinsal.
Those looking for residency for tax reasons go more for the year round villages and towns which have a resident community.
Outside of the capital (la Vella) these tend to be La Massana and the upcoming village of Anyos, Ordino and Arinsal, although Arinsal’s nightlife during the ski season early December to late April tends to steer many newcomers to La Massana and Ordino, with La Massana having a good choice of financial instutions and banks in her high street.

Prime London property prices have risen again, and have overtaken tax haven Monaco property prices, according to a report recently.
While the future of London property prices remain good, there are some doubts if the increases can be sustained.
Interest rates in the UK have been rising recently, and there is a danger of UK property prices generally falling, which could have an impact on the top end London market.
But Monaco property prices are almost certain to rise in the short and medium term according to a Monaco travel guide, and possibly to the level where the cost per square foot will exceed that of London.
‘Three years ago there were around six hundred properties to rent or buy in Monaco – that has declined since then to two hundred – but demand is as high as ever, pushing prices up more.’, explain the travel guide.
With property prices in Monaco the second highest in Europe and one bedroom apartments after closing costs starting at around a million Euros, longer term the shortage of property in Monaco will be helped a new island being built off Monte Carlo.
It’s thought unlikely that the new island will reduce prices much overall though, despite the increase in the number of property units available as Monaco property is always in demand.
Monaco property specialists believe that most new apartments will be sold to investors off plan well in advance of any building work starting.
‘The problem with property in Monaco is not the lack of buyers’, they say, ‘but more the lack of good properties for buyers to choose from. Hopefully the new island will address that. Everyone in Monaco is aware of how important the environment is thanks to Prince Albert’s initiatives in pushing it up the political agenda, and any new developments will be low rise. With the good weather in Monaco expect to see plenty of solar panels on the roofs to make the buildings energy efficient’.
It is possible that the new island will be incorporated into future Monaco Grand Prix, which could give more overtaking opportunities.
One Monaco property company reports that new enquiries are running at a high rate, with many buyers keen to buy now in case prices go up more, either for residency, or more commonly than before for investment.
In recent years the UK market has accounted for much of Monaco’s property price rises, as the number of buyers has increased to 40 per cent of the total market, but in recent months buyers from other European countries and from further afield, Australia and Canada in particular have been noticeable.

Are you feeling fed up with the long dreary winter and desperate to start to enjoy Spring? Do you want to get away from it all and enjoy some culture? Maybe a stay in the city of London will help you beat those winter blues and recharge your batteries in one of the most vibrant cities in the world. You can enjoy the many events staged at the Barbican and visiting the West End for shopping and theatre trips.

Independent travellers to London are often surprised at how easy it is to rent a fully furnished apartment for a short break in London. Apartments are available from periods of just 1 night upwards!

You can stay just 150 metres from the Barbican centre in a simple studio apartment with its own fully equipped kitchen and bathroom for well under a hundred pounds a night. Included in the price are linen, towels, broadband internet access, TV, HiFi, direct phone, in-room safe. You will have the flexibility of being able to prepare your own snacks and meals whilst enjoying your own private home from home in London.

The Barbican is Europe’s largest multi-arts and conference venue and presents a huge range of art, music, theatre, dance and educational events. It is also home to the world-renowned London Symphony Orchestra.

Offering an unparalleled programme of film festivals, the Barbican shows a whole host of movies from an eclectic mix of independent directors from around the world.

There are many superb concerts or events at the Barbican Centre. Leading musicians and soloists from all over the world in both classical and contemporary music perform regularly at the Barbican. In classical music, world-famous artists such as Cecilia Bartoli, Simon Rattle, the Vienna Philharmonic Orchestra, Evgeny Kissin, Maxim Vengerov, Alfred Brendel, Bernard Haitink, Mstislav Rostropovich, Midori, Amsterdam Concertgebouw Orchestra, Yo-Yo Ma have been enjoyed by visitors to the centre in recent times. In contemporary music the best artists in jazz, country, folk, world, roots, rock, soul and contemporary classical music from around the world are proud to perform there.

The restaurants at the Barbican Centre are popular with visitors and serve an excellent selection of meals, both at lunchtime and in the evenings.

The Barbican is also the perfect location for business travellers to the City of London. Corporate executives on assignment in London enjoy living in the hub of the business and artistic centre of the city. Partners are often happy to come along and enjoy the arts, as well as having the opportunity to hop on the tube at nearby Barbican Station and travel in to the West End for shopping. Everyday life in London offers so much to the visitor with its pubs, olde English backstreets and amazing array of shops and quality restaurants.

One of London’s greatest landmarks within walking distance is the fabulous St Paul’s Cathedral. You can climb to the top and enjoy magnificent birds eye views of one of the most amazing cities in the world.

If you are a lover of Shakespeare you can visit the remarkable Globe Theatre nearby at Southwark which also offers an impressive calendar of events throughout the year which include theatrical performances and lovely concerts.

You can stroll along to St Katherine’s Dock and watch the fascinating comings and goings at the fabulous marina full of sailing boats whilst enjoying a meal in one of the many waterside restaurants.

Engineering enthusiasts love to visit Tower Bridge and watch as this fabulous old Victorian icon opens to allow tall ships to pass through on their way up the Thames. Again, you can enjoy stunning views along the river from its walkways. In recent years, it has become an impressive London venue and it is now even possible to get married on Tower Bridge!

Whatever your taste, a stay in the Barbican area of London will offer you excellent entertainment and sightseeing opportunities. As well as the arts and culture, you can enjoy fantastic shopping in Oxford Street and Regent Street with the West End just a short distance away on the tube.

For corporate employees in London on project assignments, serviced apartments offer the best of both worlds. You will benefit from spacious accommodation, as well as having a separate fully equipped kitchen where you can prepare your own meals and a bathroom. Even in a studio apartment, you will have ample space to work and entertain friends or clients and well as broadband internet access. Serviced apartments offer you the chance to enjoy the services you would expect from a hotel whilst enjoying the privacy and freedom offered by having your own apartment, your own home from home in London.

In central locations, most service apartments are just a stone’s throw away from London Underground stations and a host of restaurants, bars and the nightlife of the city.

At the Citadines just off London’s famous Trafalgar Square there is a large breakfast area next to the foyer where you can enjoy coffee and croissants in the morning. Embankment and Charing Cross stations are just a short walk away. You will be close to the West End with Regent Street and Piccadilly just 15 minutes walk. In this area, busy bustling streets are lined with shops and you will be just a few steps away from theatreland where you can enjoy London’s vibrant nightlife. You can rent a studio apartment for any length of time from one night upwards.

For the international family, there is superb contemporary accommodation available behind the magnificent traditional facades of old Victorian buildings in areas such as Knightsbridge and Clerkenwell. These provides provide a home from home for businessmen and their families on assignment to London.

For the business traveller, there are many options available. See www.gocityapartments.com  for details of over 1,000 London serviced apartments from budget studios to luxury penthouses.

A few weeks ago a secretary telephoned me in absolute desperation. She was desperately searching for accommodation in central London for some VIPs from abroad. She stumbled onto my website, not really understanding what the service was about. I think the words ‘free service’, ‘apartments’ just helped her to figure out that Quality London Apartments had something to do with accommodation. Apologies for my long opening, but it is a prime example of how little travelers in the UK and Europe know about the serviced apartment industry. After explaining the concept of serviced apartments and helping her find an apartment, I realized that I needed to share this knowledge further afield. Thus, this article is my contribution to open up this elusive industry and offer tips to travelers.
What is a serviced apartment?
A serviced apartment is a flat in a block, which has a separate bedroom, sitting room/lounge, fully equipped kitchen, your own private keys to own door. Serviced apartments can be in the form of a studio flat (all in one room with a kitchenette), one, two or three bedrooms.
All apartments enjoy maid service, utilities and a management team to help….just like a hotel. Guests only pay for a nightly rate and can live in a flat with everything they would have in their own home.
Pros: Serviced London Apartment vs Hotels
 More value for money and cheaper. In a hotel, no matter which star rating, you pay per night for one room which will have a TV, bathroom, sofa and a bed. This is similar to a studio apartment! In an apartment there is a separate bedroom, kitchen, sitting room, bathroom and dining table (exception is studio)
 Pay per apartment and not per person. An example would be paying £250 per night for a two bedroom apartment, which could accommodate up to 4 people, that works out at £62.50 per person.
 Freedom and privacy. An apartment is like being in your own home and there is plenty of space. You have your own keys to your own door.
 Booking is easy, just like hotels. The majority of apartments require a credit card to guarantee, pre-payment before you arrive and that’s it. No deposits, no tenants’ contracts.
Cons: Serviced London Apartment vs Hotels
 Apartments lacks the buzz and services of a hotel such as restaurants and Room Service. Albeit some apartments are owned by hotels and offer you the use of their restaurants and other services.
 No 24-hour service around the clock. The apartments are ran by a small team who work Monday to Friday 9:00am – 6:00pm, so you are on your own during the weekend. There are emergency numbers to call should you suffer an electric cut, but no 24-hours hotel Duty Manager to run to your room.
 No pool, massages, saunas like hotels
What to look out for when booking a serviced London apartment?
1. Quality of the apartment – make sure you find out if they are clean, well furnished and well maintained. How? Check the photos, and ask if you can book an appointment to view the apartment. This is very important if you are staying over a long period of time.
2. Do they have a friendly and efficient management team? If you need the comfort of a welcoming face to greet you on arrival, then ask for an apartment with a reception. Some apartments provide key boxes, so you can arrive any time, but there is no-one to meet you. A friendly and small team will be able to give you a very personal touch.
3. Opening time of the apartments office – doesn’t sound important? Well it is because the majority of apartments’ operations team open Monday to Friday 9:00am to 6:00pm. If you arrive at your apartment during office open hours, then fine, but any other time and weekends will mean that you will need to pick up the keys from a different location.
4. Key delivery by car at the airport? – If you are flying from abroad to London, and do not fancy traipsing throughout London at night to pick up keys, the majority of apartments will hire a taxi to deliver your keys to the airport upon your arrival. Convenient for a small charge.
5. Payment procedure and cancellation policy – every apartment vary in their guest terms and conditions. All will accept a credit card as a guarantee of reservation, some will ask for 100% pre-payment at least 7 days prior to arrival and cancellation can range from 12:00pm on the day of arrival to 28 days. So, before you confirm the reservation, be very clear about the terms and conditions. Ask your apartment agents to explain the procedure to you and read the terms and conditions on your confirmation emails. It will save you a great deal of trouble and headache later.
6. Apartments are always allocated on arrival. This policy is the same as any hotel, so unless you are a regular guest to a specific apartment, apartments are on allocations. In the same breath, some apartments only have a small number of flats, so if you are reserving the only 3 bedrooms penthouse in their collection, then you are guaranteed that specific apartment.
7. Rates become more competitive the longer you stay. In this, we mean you have more bargaining power if you are staying for one month or longer. This is when your apartment agent can really help you by negotiating with a variety of apartments to get you the best deal.
8. Using an apartment agent will also save you time searching, but most importantly they will work with your budget and negotiate a great deal for you. Of course, you also need to be realistic about what you can book, don’t expect to spend £80 per night for a luxury apartment. For example, one of our clients had £300 budget per night for a two bedroom apartment and he wanted something luxury. For those readers who know London well, also understands that this budget is actually very small. Despite that, we booked him and 3 friends into the Victoria Park Plaza luxury apartment (£150 per night less than the usual price) for £300 per night with free breakfast, gym and access to the executive lounge. Any apartment agent worth their salt can and will move mountains to help you.
What if I don’t like the apartment when I get there?
If you really feel that you have been hard done by, tell the apartment management team and ask to be moved to another apartment. All of the apartments that we work with are very customer focussed and try to help guests enjoy their stay. If this does not work, talk to your apartment agent, if that is how you booked. Best advice though, is to ask all the right questions before you book an apartment.
Your appetite for apartments is now whetted – how do you find London apartments?
1. As already explained, you can choose a free search and book service of an apartment agent or go direct to a specific apartment that you know. Both methods are absolutely fine, dependent of your knowledge of London apartments. Using an agent will mean that they will search far across their portfolio and present you with a variety of choices…all within 10-15 minutes. Agents are impartial and will only (good agents anyway) recommend the quality apartments for your needs.
2. You can use search engines like Google, Yahoo and MSN to find apartments. Type in keywords like ‘London serviced apartments’ or ‘quality London apartments’ and so on.
3. Stating the obvious but, ask for a recommendation from friends and acquaintances.
4. Check on Tripadvisor and other customer review websites.
Summary
If you have read this far, then thank you for your time. I have tried to make this article clear and as helpful as possible, but I welcome your comments and any further information that you feel is very important.