Property

Can I do anything about my bad tenants? According to Simply Business, a recent survey revealed that landlords in the UK are out of pocket to the tune of over £5bn every year because of damage to property and unpaid rent. Broken appliances, damage to carpets and decorating is a big problem, alongside tenants paying late or failing to pay at all. When you’ve invested in a First Urban Group property, the last thing you want to worry about is...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent On Thursday 23 June 2016 Britain faced its biggest decision for decades. We took to the polls to vote if Britain should leave or remain in the EU. Pre-EU referendum, we saw much uncertainty in the property market, with many people approaching a ‘wait and see’ attitude to buying and selling. Experts predicted house prices could fall up to 18 per cent. Forecasts in sterling weakening opened...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The Mayor of London, Sadiq Khan, has set out his commitment to strengthening confidence in the capital's housing industry in the aftermath of last week's EU referendum result. Sadiq Khan was elected to deliver a step change number of homes built in London – including genuinely affordable housing. Under the previous Mayor, it’s reported only 13 per cent of homes approved were affordable. With concern that last...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent With the kick off of Euro 2016 on 10 June 2016, estate agent eMoov has taken a property view at how the teams match up, and what the potential outcome of the tournament could be. Each team is compared based on the cost of living in each country - take home income after tax, property price per square foot, cost of monthly utilities and monthly gym membership....

The London housing market is a juggernaut that just keeps on going. The most recent batch of figures showed that prices jumped another 14 per cent in the last year, with the average home in the capital costing about £470,000. For that, you’d need about £60,000 in deposit and Stamp Duty alone, with moving costs and fees on top of that. If that’s the price of the average property in the capital, then it’s clear that the cost of your...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent As we approach the EU referendum vote on 23 June 2016, property activity has dampened as many buyers and sellers wait for the outcome of the vote. In London, the average property price declined 0.2 per cent on the month and has increased by only 5.1 per cent on the year. This compares to annual house price growth of 9.8 per cent in April. There has been...

By Joe Mellor, Deputy Editor As anyone under 30 will already be aware, they are paying virtually half of their income in rent, while people in the capital pay an even higher proportion. The amount of disposable income left for this age group is shrinking rapidly as rents swallow up their hard earned money. The research, by Countrywide, has said that the cost of renting a one-bed property has soared to record levels in the UK. A young worker in...

An internal migration map of Britain has revealed London lost 68,000 residents in one year as 30-somethings ditch the Big Smoke for the Home Counties. A total of 2.85 million people moved internally in the UK in one year, according to the data, with many migrating towards the capital. However, a notable exodus was also recorded as young adults look to buy properties and start families outside London. The counties with the highest rates of net migration - areas in the UK where more people...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent Back in April 2016 we featured stats on house prices rising 47,000 per cent over 90 years of Her Majesty the Queen’s life. Fast forward another 90 years and many would say another 471-fold increase in house prices is unthinkable – or is it? His Royal Highness Prince Charles is 67 years old. He will be 90 in 23 years (November 2038). Assuming house prices rise over...