Bashing buy-to-let landlords will push up rents and hit the UK economy hard July 23, 2015 Buy-to-let landlords have a huge advantage in the market as they can offset their mortgage interest payments against their income, whereas homebuyers cannot.” That’s how the chancellor explained his decision in the Budget to require that landlords, unlike other businesses, effectively pay tax on their borrowings – their buy-to-let mortgage. But the chancellor has made [...]
Buy into conservation hotspots: Why it’s worth investing in a historical home July 23, 2015 As London’s housing crisis rumbles on, more and more shiny skyscrapers are shooting up. If you find this state of affairs rather unseemly – un-British, even – then buying a home in a conservation area is worth considering. Designated by local authorities for their special architectural or historical interest, there are currently over 8,000 [...]
Rare his ‘n’ hers houses go on sale in Kensington July 23, 2015 Campden Hill Road, Kensington, £12.75m each Everybody needs a bit of space in their relationships, but if you feel you need more than most, then these twin houses may be the perfect solution. Two identical semi-detached houses have entered the market in Kensington. Complete mirror images of one another inside and out, Hyde House [...]
Dulwich house prices: London village life four miles from The Shard July 23, 2015 As Peckham and Camberwell creep up the league table of the capital’s trendiest areas, neighbouring Dulwich remains as genteel and sedate as ever. Not much changes in SE21. It views its up-and-coming neighbours with the same bemused condescension that a retired judge regards the hoop in his grandson’s ear. He doesn’t understand it, but he’s [...]
Cambium, Southfields property prices: Leafy London townhouses draw buyers south July 23, 2015 Most new homes are built on derelict sites or demolished office blocks, but Cambium in south west London has stronger roots than that. Named after the fine rings of tissue that form around a tree over time, the scheme is centred around a 200-year-old oak in Southfields that’s believed to have been planted by legendary [...]
London Barometer: House prices respond to lack of supply and stamp duty increases July 23, 2015 June saw new instructions decrease by a third year-on-year, while new applicants increased by 50 per cent, but they are clearly registering to prepare for the autumn market. The fact that stock levels remain the same shows that things are somewhat quieter and we have not seen the hoped-for post-Election lift yet. This lift presupposes [...]
Don’t get blue – get into The Grays: New homes in the legal heart of London July 23, 2015 What do you call the area between St Paul’s and Oxford Street? Holborn? An extension of Clerkenwell? Or simply the legal heart of London? Well, estate agents and developers have other ideas that involve turning this Zone One no man’s land into a residential hotspot. The name they’ve chosen for the area is “Midtown”, which [...]
Generation Rent needs to stop obsessing about owning a home: renting is not a social curse July 22, 2015 Renting may be becoming the norm for large swathes of the UK’s population, certainly the under-40s, but a fundamental mindset change still needs to take place away from ingrained assumptions owning a home is preferable to renting it. For many the idea of lifelong renting is something to strive away from at all [...]
Residential property investment is easier than ever thanks to the fintech sector July 22, 2015 For most of us, buying our own home is an important decision but how many of us truly consider residential property as an asset class for investment? UK residential property is a massive market valued at nearly £5 trillion however, the market is dominated by owner-occupiers, with just £1 trillion owned as an [...]
Generation rent on the rise: UK private rental sector set to outstrip households with mortgages July 21, 2015 The plight of Britain’s generation of renters was laid bare this morning, as new figures showed that those in the private rental sector could outnumber mortgage-holders in a decade. City analysts say there are now 5.4m households in the UK’s private rental sector – more than double the same figure from 2001. By 2025, [...]