Property

By Bea Patel, TLE Property Editor and Director of Shop for an Agent There was much talk over the imbalance of supply and demand in 2015. But has much changed as we enter 2016? According to search engine Home, supply of homes on the market has fallen to a new record low despite a small rise. With only 386,000 properties on the market in England and Wales, it's 47 per cent fewer than in 2008. A lack of properties on...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent Rising demand and higher property prices make it increasingly difficult for buyers to stand on their own two feet. Indications point to a worsening picture during the next 12 months, despite recent government moves to help first-time buyers, as outlined in the recent Comprehensive Spending Review. JMW Solicitors, a Manchester law firm predict that in 2016, we’ll see a record number of family-funded house moves, as property...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The landmark factory building at the Terry's Chocolate Works site in York will re-open next year as ‘The Residence’. Apartments will range from one bedroom to stunning luxury duplex penthouses surrounded in a historic setting. Developers converting the Grade II listed building into unique apartments revealed the new name - The Residence - at an exclusive event organised by Carter Jonas, the appointed agents on the scheme...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The ‘once upon a time’ dream of growing up, buying a home and then raising a family seems a tradition of the past. Increasing research shows how modern lifetime milestone experiences and expectations are dramatically different to those of a generation ago. The ‘changing face’ of lifetime milestones in the UK and the growing number of Londoners who are celebrating key events in their lifetimes in rental...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent In the past 15 years, London has seen the rise of 23 new skyscrapers (buildings over 350 feet high). New York saw the construction of four towers in 2014 alone, including its iconic One World Trade Center. Impressive as it sounds, in comparison, Shanghai built over 90 skyscrapers and Dubai built 190. What’s interesting is the enthusiasm for building skyscrapers - for city status, increasing residential properties...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent With London prices rising, Ilford seems a key location for future growth. It’s one of the areas included in London Mayor Boris Johnson's recently released 'City in the East' masterplan, which examines factors such as the impact of Crossrail and HS1. Ilford looks set to experience an intense period of change with investors keen to be part of the story. Data from The Land Registry analysed by...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent As many of us are gearing toward preparations for Christmas, it hardly seems like an appropriate time to put your property on the market… or is it? Surprisingly (or not), more people search online for a new home over the Christmas and New Year period than any other time of year. Families spend time together making plans for the next year and a new home. Rightmove reports,...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent The world’s best selling board game – Monopoly - is a resident in many of our homes. Rewind to 1935 when the board came out, rental prices in many areas on the Monopoly board was much cheaper than today. Celebrating National Monopoly Day and the 80th anniversary of the game (19 November 2015), comparisons by Weroom of average rental prices on the board compared to 2015 reveal...

By Bea Patel, TLE Property Editor and Director of Shop for an Agent Time is money, a phrase once used by Benjamin Franklin in Advice to a Young Tradesman, Written by an Old One – and one that stands true to rental properties. Undoubtedly, there are rogue landlords taking advantage of tenants or providing sub-standard properties. But on the other side of the fence, new research shows landlords are clearing up after unprincipled tenants and left out of pocket. The...