Posts Tagged 'property'

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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Could Your Spare Room Earn You A Small Fortune?

Could Your Spare Room Earn You A Small Fortune?

Spare bedrooms can often become a neglected space and a haven for storing household and personal possessions that can’t fit anywhere else, and is probably used most of the time as a junk or overflow room than it is as an actual spare room for people to sleep in!

However, did you know that you could actually be making a profit on your spare room by utilising the space to rent out to lodgers? This notion is becoming more and more ...

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Uncharacteristic house price fall shows how Brexit affects market

Uncharacteristic house price fall shows how Brexit affects market

Many people across the nation were shocked last week when the Leave campaign took a slight lead for the first time in the polls surrounding the EU referendum, after it had seemed for so long as if the Remain campaign was moving towards a certain, if unconvincing, victory. 

However, as the big day on June 23rd draws ever closer, it seems that the uncertainty this vote is causing in the property market is more prominent than ever. In May, according to the ...

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How to Refurbish to Get the Best Price for Your Property

How to Refurbish to Get the Best Price for Your Property

9 ways to add value to your property

 We all want to add value to our properties. However, it isn’t always the intuitive property changes that add the most value. In this articles we will focus on the changes that will help you maximize the sale price of your property.

  1. Fix Any Structural Problems

Before you consider what cosmetic improvements or additions you could make, be sure to investigate structural problems and repair them if possible. Superficial additions like new kitchens, flooring, bathroom ...

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Will declining homeownership levels boost buy-to-let investments?

Will declining homeownership levels boost buy-to-let investments?

The amount of Brits owning a home has dropped considerably over the last few years with numbers slipping from mid-70% down to 62%. Experts believe that this figure could fall even lower despite the government’s recent push to boost homeownership.

High property prices have meant that owning a home is out of the reach of many Brits. Help to Buy schemes will make buying a property easier for some however, rising prices will still price many people out of the market.

Property ...

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Have you been priced out of London’s property market?

Have you been priced out of London’s property market?

A new map released by property portal Emoov has charted the average price of buying a property near all 280 London Underground stops.

Good transport links and living close to a tube stop are at the top of buyers and renters wish list however, the convenience of living close to one appears to come with a hefty price tag.

The most expensive

Zone 1 is by far the most expensive place for property. The average price of a home in ...

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Will buy-to-let still be king in 2016?

Will buy-to-let still be king in 2016?

Buy-to-let property has been a favourable choice for investors who wish to generate an income from real estate.

However, investors may turn their back on property in light of new tax changes to the sector.

Changes to UK buy-to-let

In 2015, Chancellor George Osborne announced two changes that rocked the UK’s buy-to-let sector.

The first was a reduction to the amount of tax relief landlords can claim. Currently landlords can claim up to 45% but in a move which will be introduced over ...

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