Archive for 2016

London living- spotlight on the borough of Westminster

London living- spotlight on the borough of Westminster

It’s been well documented that buying a property in London is more expensive now than ever before. But that’s still not deterring thousands of buyers from overseas who are dazzled by its bright lights, culture and iconic sights and sounds.

Westminster, right in the heart of the capital, offers plenty of opportunities for affluent buyers who are looking for a great investment opportunity. Westminster estate agent, Andrew Reeves says, “There’s something for everyone in Westminster and it’s the ...

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What to Look for in a Removal Company

What to Look for in a Removal Company

Everyone knows how stressful moving house can be, from finding a new home, planning the move, and choosing a removal company. It’s important not to underestimate how much work and time goes into a house move. Hiring a reputable removal company will therefore take the stress out of the equation and make the process so much smoother.

However, before you pick a removal company, you need to be aware of certain criteria that makes them the right fit for ...

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First home prices rise to record high

First home prices rise to record high

According to the latest report from estate agent Your Move & Reeds Rains, first-time buyers are paying record amounts for their first home purchase, despite the market’s weakening in anticipation of the EU referendum.

The report shows that average first-time buyer house price increased by more than £23,000 in the last twelve months, making current average prices the highest ever recorded. May saw a 15% year on year increase in average house price for first-time buyers to £173,282, from £149,645 ...

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Understanding Property Valuation

Understanding Property Valuation

If you are selling your property, getting to estimate its worth can be quite complex and confusing. However, the truth is that property valuation is a concept that is easy to understand what property valuation entails and why it is important to both the buyer and the seller.

For starters, property valuation is a general assessment of a property to determine its monetary worth. Thus, the valuation figure is arrived at after taking into account various assumptions, factors that have an ...

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Hidden Factors That Can Affect House Prices

Hidden Factors That Can Affect House Prices

There are a number of clear factors that determine house prices, such as age, size and location. However, there are also hidden factors that may affect the value of your house, which aren’t as obvious.

Using free tools available online, such as Rightmove’s House Price Index and Zoopla’s House Price Estimator, you can track fluctuations in the housing market in your local area. This will give you a good indication of how prices are changing locally, but should only ...

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Does the future of the UK’s rental market lie in the hands of the Build-to-Rent sector?

Does the future of the UK’s rental market lie in the hands of the Build-to-Rent sector?

As the UK government addresses the housing crisis, there have been calls for the current state of the rental sector to be addressed.

According to ResPublica, in 2015, the private rental sector (PRS) accounted for 22% of all UK households.

This number is expected to grow, with the experts at PwC predicting that around 59% of 24 to 30 year olds in England will rent private accommodation by 2025.

The cutting shortage of housing in the UK is very clear.

Since 2004, house building ...

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London flat owners trapped on first rung of property ladder

London flat owners trapped on first rung of property ladder

The high cost of flats and other starter homes in London and south-east England is not the only reason why record numbers of young people are leaving the capital, according to skip hire broker Proskips.

Evidence gathered before Britain voted to leave the European Union shows more than 280,000 people decided to move away from the capital in 2015, an increase of 3% compared with 2014.

Many commentators point to the chief reason for this exodus, led by people in ...

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Turning a House into Flats

Turning a House into Flats

Converting houses into flats is becoming increasingly popular. There’s a high demand for flats in London, and splitting a property into units can maximise both rental income in the short-term, and profit on sale in the long-term.

But where do you start? Here’s Portico London Estate Agent’s quick guide on everything you need to know about converting a house into flats…

Research the market

Before you even start thinking about conversion, you must make sure the flats you’re planning on building ...

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UK rental price increases shows no sign of slowing

UK rental price increases shows no sign of slowing

Latest figures from the Office for National Statistics (ONS) show that average UK rental price rose by 2.6 percent in the year to April 2016.

The increase was highest in England where rent rose 2.8 percent during the period. Scotland and Wales saw lesser increases at 0.5 and 0.2 percent respectively.

In the year up to April 2016, all the nine English regions saw an increase in private rental price.

Locally, London recorded the highest annual rental price increase at 3.7 percent, followed ...

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Why new-build homes in Enfield are hot property

Why new-build homes in Enfield are hot property

The number of new homes being built in inner London has risen by more than 40% since the start of 2015, according to Proskips.

The London-based skip hire broker says research published in the Financial Times shows 19,000 residential properties are under construction in 30 inner London postcodes – a 43% rise on the 13,400 units under construction 18 months ago.

But although 54,000 homes are planned for inner London, housebuilding is also taking place in Enfield, where 10,000 new ...

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