Konstantin Matveev

Registered with Property118.com
Monday 23rd March 2015


Latest Comments

Total Number of Property118 Comments: 5

Konstantin Matveev

11:17 AM, 4th November 2016
About 4 years ago

Expat thinking of changing things up?

Hi Colin,

I can advise with regards to money transfer as I usually work with Chinese clients. The amount of fees for the transfer would be very marginal, I would say about 20 pounds at the most if done via bank but don't get caught on currency exchange.

Thanks,
Konstantin... Read More

Konstantin Matveev

6:57 AM, 23rd June 2016
About 4 years ago

EU Referendum - Landlords Reactions

Reply to the comment left by "Paul Shears" at "23/06/2016 - 06:30":

Up until just 2 years ago, UK has to have point based programme for "Highly skilled Migrants" as well as easier routes for bright students to remain in the country. It all have been cancelled just because of too many EU migrants coming anyway.

One would think that people coming to UK as "highly skilled migrants" or students would be more desirable tenants than low paid workers coming from EU.

That's my research for you:)... Read More

Konstantin Matveev

14:56 PM, 21st August 2015
About 5 years ago

Off Plan new build concerns?

Reply to the comment left by "Giles Peacock" at "21/08/2015 - 14:13":

Giles,

Building will be usually insured by your freeholder (or management company), this is usually part of your management costs. And I don't think it will be a big difference for the contents insurance..... Read More

Konstantin Matveev

13:08 PM, 21st August 2015
About 5 years ago

Off Plan new build concerns?

Reply to the comment left by "Joanna Styrczula" at "21/08/2015 - 12:51":

Joanna,

May I ask you if you have bought from the national developer or smaller local one as usually national developers don't delay completion as they want remaining of the money for the properties as soon as possible as it goes on their investors reports every six months.

Have you had intention to let the second flat for some time to wait until other investors shifts their flats?

Thanks... Read More

Konstantin Matveev

12:05 PM, 21st August 2015
About 5 years ago

Off Plan new build concerns?

Hi Giles,

I have bought 3 similar new builds and they are gold mines in my opinion.

I have also looked at Biggleswade and the area you are discribing and I would definitly go with it.

I have bought one new build in Barking above the shops and had no issues with it neither from banks or tenants.

Actually, I only buy new buils now because all the points your have mentioned yourself:

1) No need to discuss deal with private person (who can pull out anytime or just become greedy). With developers you can get some discount (or at least your stamp duty paid) and if deal is done it's done.
2) Buying off plan, you are essentially buying the features so in 6-8 months you can make some profit already even from your original 10% deposit paid. Just an example, I've reserved my Barking Flat and paid 10% deposit in January 2014, but the time it was ready in December 2014 and I have paid remaining money (with help of BTL) I've already made at least 30K, which was much higher than original deposit I've paid.
3) New builds don't have any nasty suprises and comes with the warranty.
4) You usually have a good managment company looking after them.

All for all, I believe new builds (especially off plan) are the best option now in the South. It's a different story in the North, I know.

Konstantin... Read More