Property

The number of new homes been built in England in 2016 was DOWN on the previous year despite the country been in the midst of a housing crisis. Just 140,650 new homes were built in 2016, down from 142,600 in 2015 and well short of the 250,000 the government says required. The problem is most pronounced in London, where new figures from the Office for National Statistics (ONS) show that, without accounting for inflation, the average house price in London has grown...

By Andrew Screen, Director at CBRE  Following the recent RICS Real Estate Investors’ Conference, held in Holborn, featured panellist, Andrew Screen, Senior Director at CBRE explores the evolution of the UK’s Private Rented Sector and build-to-rent funding. The Private Rented Sector has undergone much evolution over the past five years, particularly with the creation of the Private Rented Sector Taskforce as well as the Build-to-Rent fund. The Taskforce was created to improve the quality of existing rented accommodation and to...

One of central London's smallest detached homes has been put on the market for the first time in 50 years for a big price -- almost three times the UK average. The pint-sized pad has just 290sq/ft of floor space and is in need of a full renovation. But despite the size and condition, the "gem" is in the middle of Chelsea, so has an asking price of £600,000. Walk through the front door of the home on Britten Street...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent On 7 February 2017, the Government announced its plan to fix the broken housing market, as published in the 104-page housing white paper. The Government admits the housing market is broken and sets to build more affordable houses and help people buy and rent. On average, 160,000 homes have been built a year since the seventies. The Government says we need between 225,000 to 275,000 homes a...

The steady rise of house prices in the capital seems like a subject which is rarely out of the news. Over the past 10 years, despite the threats of the financial crisis and Brexit, the London housing market has not only remained strong, but also grown. New research by online property portal Settled, shows just how much the average price of homes in the capital have grown over over the past couple of decades. Using data sourced from the UK...

An incredible country estate used to film scenes in Braveheart is being sold for £24 MILLION by a descendent of the Guinness brewing family. Luggala is one of Ireland's best-known homes having been used in film and TV and hosted the likes of Michael Jackson. It was built in the 18th century and, in the 1930s, was bought by Ernest Guinness who gave the property to his daughter Oonagh as a wedding present. The main home on the 5,000 acre...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent - the estate agent comparison website Figures released last week (30 January 2017) from Centre for Cities highlights the shape of the UK's 63 biggest cities in the run-up to the triggering of Article 51. The 2017 data reveals a clear divide between the North and South, with goods being exported mainly from the North and services from the South. Centre for Cities emphasise the relevance of...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent - the estate agent comparison website First-time buyers purchasing a home hit a record high according to the National Association of Estate Agents. 32 per cent of total property sales in October 2016 was made to first timers. The average age of a first-time buyer in London is now 33 - some at a stage of life when they want more than a one-bedroom starter home. With...

These are the next up-and-coming places to live in London Looking for the next up-and-coming places to live in London? Whisper it quietly, but change is afoot in London. With extensions to the Bakerloo and Northern Lines nigh and the prospect of two Crossrail projects the face of London is set to change dramatically in the next few years, which is good news for property buyers looking to move or make their first purchase in the capital. Average house prices...