Property

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...

Property prices in Greater London have breached the £600,000 mark for the first time, according to LCP’s Land Registry analysis. The continued upward trajectory for property prices in Greater London has resulted in swelled property prices driven by record lows in mortgage rates and beneficial falls in basic rate Stamp Duty. England and Wales, however, is showing no signs of the recovery being enjoyed by Greater London. Outside the capital, prices have fallen 0.87 per cent over the preceding quarter, with average...

A converted Great Northern Railways station in Rippingale, Lincolnshire has come on to the market for £600,000. The property comes with a detached engine shed, barn and even a steam train can be thrown in. According to the description on property website Zoopla, the property is set on approximately 1.2 acres (sts) and has various development opportunities within the main house, a detached engine shed and barn which could be converted into further dwellings, subject to planning permissions. Here's what you'll get for...

Portugal is quickly becoming a hot spot for those looking to pack up and seek out the leisurely lifestyle of sunny beaches, warm weather and napping in the afternoon on the patio. I know this because I recently attended a stag weekend in Lagos and met a huge number of ex-pats living in the Algarve and golfing in the sun. However, buying property abroad can be a daunting prospect, so here’s a quick beginner’s guide to buying property in Portugal...

If you are planning to have your property renovated or you are just starting the process of getting the builders (or yourself) in to make your home your dream home, then the upheaval and inconvenience that is just around the corner is probably going to come as a shock to you. No matter how quickly the job is completed or just how good the builders are, this is just going to be unavoidable. Having work done on your home, from...

Are you looking to buy a property in London? If so, you’re going to need to have a trick or two up your sleeve… London is a fast moving market, notoriously expensive, highly sought after and popular with investors in and outside of Britain. Here are five tips for securing your perfect London pad:   Consider buying with friends or family While the average price of a property outside of London (in England and Wales) is just £189,901, average price...

Home renovations are expensive.  If you speak to any experienced builder, the general rule of thumb is to take your budget and double it. Trust me, I've done a few of them and my estimates have always been wildly optimistic. Roof off, floors dug up, rewired, re-plumbed, re-plastered, etc, etc...  isn't where the money is spent.  Apart from the mega bucks spent on the finish, the cash drain usually happens in the areas you can't see; insulation, groundworks, underpinning, replacing...