By Javed Khattak
Zisk Properties: Flexible Investments & Profitable Outcomes
Investing in the UK property market is still a good idea, even though experts say house prices may be flat in the first half of 2019. There are still many property hot spots in the UK despite the Brexit uncertainties: One has to know where to look.
While it seems that Brexit has only affected high-value properties (over £2 million) in London and other cities, the average house prices are continuing to rise across the UK, due to the positive price movements witnessed in the regional markets. The weakening of the pound has also made the UK property market attractive to foreign investors, thus keeping the UK property market afloat, even if some experts say it is barely so.
Zisk Properties was founded by two brothers, Javed and Zafer, in 2016 to help solve the challenges that exist in buying and investing in the property market.
Property markets are slow to evolve, opaque and inefficient. While some countries like the UK are better than others, there is still significant scope to innovate and improve.
Areas that need consideration include making transactions more efficient, faster, increasing security (more relevant for certain countries), reducing the number of parties involved in a transaction, and most importantly, reducing costs. In addition, there are a considerable number of challenges associated with purchasing an investment property, including:
- Large lump sums required;
- Having access to good property deals through a strong network in the property market;
- A complicated and daunting process;
- The hassle to manage all the involved stakeholders – sellers, estate agents, lawyers and surveyors;
- Extremely time-consuming – a property transaction can easily take up to 6 months or even longer. Furthermore, managing a property effectively not only requires time but also relevant skills and experience.
Zisk Properties was founded precisely to tackle these challenges, with the aim to innovate while helping everyone (who qualifies) to invest in properties with ease and convenience.
The use of latest technologies and data analytics, combined with crowdfunding business concept and an FCA registered fund structure are the key elements Zisk Properties utilises to enable it to become a future leader in the property market and pave a way for a better future.
Here are some property hot spots to look out for in 2019:
Birmingham is the host to 5 university campuses and has the third largest inflow of graduates in the entire country. The accessibility of daily commute to London means Birmingham stands a chance for migration of working professionals. The predicted influx of workers coming to live in Birmingham and a projected population growth of c. 15% over the next 20 years makes it a potential property market to look out for in the near future.
Factors such as growth in property prices in the past 5 years and the predicted rise in population by 12% play a vital role for Liverpool to be considered as a potential property investment hotspot. Ongoing construction and regeneration projects launched in Liverpool also make it a preferable place for investors looking for recently built properties.
Typically referred to as the ‘London of the North’, Manchester has always been one of the prime hotspots for investors, and the trend might continue in the second-half of 2019 as well. In addition to having the MetroLink tram extensions and attracting foreign investments, Manchester also attracts a considerable number of young people to invest in properties. ROI on rental properties is currently at c. 8% and with more than 30% properties being a potential source for private rentals, properties in Manchester can prove to be a brilliant investment.
The lead time for any property to be sold and house prices growth in a particular area are positively correlated with the high demand for investments. Properties in Northampton are currently making the shift from “Available” to “Sold Out” in just a period of 33 days. 5% increase in house prices was also observed in the last quarter of 2018 in this area. These factors make Northampton being a potentially great prospect for property investments.
Despite the adverse predictions of experts regarding house prices, due to weakened currency combined with various local factors, the hot spots listed above should be on your list if you are considering a long-term property investment.
Javed Khattak is a successful serial entrepreneur, an established C-suite executive and an award-winning CFO. However, the young entrepreneur’s path to success hasn’t always been easy. Javed reveals exclusively to Global Banking and Finance Review how he is leading the property market with flexible investments and profitable outcomes.
STOP THE CONFUSION: HOW TO KNOW IF YOUR BUSINESS MAY BE INSURED AGAINST COVID-19
By Alex Balcombe, Partner at Harris Balcombe
The last few weeks has seen businesses in hospitality, tourism, retail, leisure and more forced to close their doors following the Government’s orders that they should close to prevent the spread of coronavirus.
While this is expected to flatten the curve and reduce the number of coronavirus cases, it will of course have an impact on businesses and employees alike. For small businesses especially, there are many concerns about how they can claim on their insurance to weigh the fall of this impact.
In response to calls to help struggling businesses, the Government has informed the public that companies who are facing turmoil will be able to claim on their business interruption insurance during this difficult time. For most, this is wrong.
The insurance industry has also been extremely vocal that there is no cover for any coronavirus-hit businesses during this tough financial period. This isn’t strictly true either.
How can businesses see through the mixed messaging and best secure their future and their livelihoods and reduce money worries? It’s an extremely stressful time for many companies, and confusion over whether or not they can be covered can only cause more unnecessary stress.
Since it’s a new disease, most businesses will not be covered for business interruption due to COVID-19. In fact, the vast majority of policies do not cover anything related to COVID-19.
That said – don’t rule out the idea that you may be covered. There is a chance that you will be covered against COVID-19, but not know it. This is a very small chance, but your current cover may already protect your business against the consequences of coronavirus, and the nationwide response to it – though those with this cover are unlikely to realise it.
How Could I Be Covered?
Not everyone has business interruption insurance, as it’s not a legal requirement. It is entirely up to the policy holder to weigh up the benefits of having it, and their ability to trade should a disaster happen.
To be considered for cover for COVID-19, there are two types of policy extensions to your business interruption cover that can potentially cover you for this situation:
Infectious Disease Extension
Many policies expressly state which diseases fall within the realm of being an infectious or notifiable disease. If this is the case, your policy will not provide cover. As it is a new disease, these policies will not have included COVID-19.
Other infectious disease extension policies will define the disease with reference to the actions of the government. Since the UK Government has named COVID-19 as a notifiable disease throughout the UK, it is possible that your business may fall into this definition, thus meaning you may be able to make a claim.
However, again, it’s not always that simple. Many policies require the disease to have been on your premises, while others specify a radius from your premises in order to qualify.
Denial of Access Extension (non-damage)
Denial of Access Extension (non-damage) policies may cover you if you’re prevented from accessing your property. This could be due to an event, or by the actions of a competent authority, which could cause your business interruption cover to engage.
If covered by this clause, there are often very subtle differences in wording in your policy. This could depend on the insurer or policy. You may well be covered, but it will depend on your particular circumstances, and the specific policy wording.
It’s clear that the Government needs to do more in ensuring there is clear messaging for businesses, and to help the insurance market look after policy holders. This is an unprecedented situation, and with many people looking to claim on their insurance, we’re already seeing major delays which could have a domino impact.
People throughout the world are understandably facing all kinds of worries because of the current pandemic. Our ways of living have changed, and many business owners will not have experienced a situation like this in their life times. If you own a business and are unsure about whether you can claim for business interruption, or are confused about ambiguous wording, get in touch with a loss assessor.
These claims are not simple, but loss assessors will be experts in business interruption insurance, and will specialise in large and complex claims. They will be able to help and guide you along the way, check your wording and work on your behalf to make sure you get everything you are entitled to.
HERE’S HOW YOU CAN LEARN TO TRADE RISK-FREE DURING THE COVID-19 MARKET CRASH
Trading app BullBear has launched new features to support budding investors looking to hone their skills against the backdrop of the COVID-19 stock market plunge. The risk-free financial game aims to empower the next generation of investors to learn how to trade stocks and shares by playing with dummy chips as opposed to real money. The app updates come as investors pull back from a volatile stock market rocked by the coronavirus outbreak.
At a time when some fresher investors are experiencing their first-ever stock market crash and seasoned investors are reluctant to invest new capital in the market, BullBear is empowering a whole new cohort of traders by teaching them how to trade effectively at no risk.
App users can engage in both short-term and long-term trading games using real-time market data from popular stocks enabling them to build investing confidence, making the app both engaging and educative.
With over 35,000 downloads, the app provides a free, fun way for thousands to learn how trading works by offering a practice arena in which trades take place and where no real money can be lost. Users can also enter into duals and competitions with other players. Whilst the app incorporates dummy chips to invest with, players can still redeem prizes by winning ‘bulls’ when they rank high in games. These bulls can be used to redeem rewards, such as gift cards from retailers like Amazon, Apple, Google Play and Netflix, at the in-app store.
Co-founder of the BullBear app, Anurag Saboo, stated
“I realised just how lacking the support for young investors was when my cofounder and I wanted to invest some money in stocks whilst at university. We had no idea where to start and so spent a couple of months trying to find a platform through which we could learn the basics before we risked any cash. But it simply didn’t exist. The resources that did were dull and theoretical. Paper trading can be very boring, and no-commission trading helps only if you make money out of your portfolio. Social methods of learning can help, for example, Etoro’s copy trades, but they still don’t let investors explore the markets themselves before putting money down. Combine this with the fact that only a small percentage of young investors make money through the market, and others end up staying away or are pushed away through losses, we decided to launch BullBear to offer a free, fun alternative.”
During a time of crisis accompanied by a turbulent stock market, the BullBear app provides a fail-proof way for budding investors to develop their trading knowledge, helping them to make more informed investments.
The BullBear app is available to download now on Google Play and the App Store.
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