A 13ft by 13ft beach hut that contains no bedroom as well as no electricity has been put on the market for a record price of £225,000, indicating that the sale of beach huts may well be outperforming properties even in the most sought after boroughs of London…
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Tag: home buyers
Does commuting save you money?
With the average house price in London’s Zone 1 and 2 currently at over £640k, it can make sense to live a little further away and have a cheaper property. Of course, the rail fare will cost you quite a bit, and there’s the travelling time to take into account, but will that add to your quality of life or detract from it?…
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Statistics reveal that prospective purchasers can pay more than £10,000 per square metre of property in certain areas of the country
Recent figures released by the Halifax show have indicated that purchasers of houses in Chelsea, London could find themselves paying more than £10,000 per square metre as the average price for the area is revealed to be a staggering £10,854.
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New proposals made by the Bank of England aim to prevent housing boom
Proposals made by the Bank of England, including a cap of 15% on the number of mortgages that lenders can give to people who want more than 4.5 times their salary, are being recommended to prevent another housing crisis…
A Tale of Two Countries
There has been much publicity over the last month regarding the state of the booming 
housing market. When closely analysed, however, the housing market itself has seen remarkable internal differences; with mild to modest increases in the vast majority of the country and the affluent South East surging ahead. The differences are sufficiently pronounced almost to suggest a tale of two different countries, rather than different areas within the same economy. What then can be done to rebalance this differential and bring the two halves of a broken country back into a single whole?