Tag: Brent
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London’s Build to Rent Scheme Needs More Support
Key points – The latest report from Lichfields, a national consulting firm, sheds light on the inconsistencies and gaps in planning policies across London boroughs. This issue is particularly evident in the growing sector of Build to Rent (BTR) properties, which are increasingly in demand but are not being adequately supported by local planning authorities.…
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London’s Worst Performing Areas for Affordability
Key Points – In the last decade, London has witnessed a remarkable surge in house prices, far outpacing the growth in local incomes. This has resulted in a significant decline in housing affordability across the city, impacting residents’ ability to own homes. The gap between house prices and earnings in London has widened alarmingly since…
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The Most Expensive Houses Sold in 2023
Starting with the capital, London witnessed an exceptional sale that set the bar high for the rest of the country. A flat in Ashburton Place, located in the prestigious W1J postcode area of Westminster, was sold for an eye-watering £38.6 million in June. This sale not only highlights the high value of properties in London…
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Inconsistencies in London Build to Rent
In recent years, the Build To Rent (BTR) sector in London has become a significant aspect of the city’s property market. However, a new report by national consultants Lichfields has raised concerns about the challenges and inconsistencies faced by this sector due to varying local council policies in London. Understanding Build To Rent (BTR) Before…
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UK Commercial Property Downturn
The United Kingdom’s commercial property market is facing a potential crisis, with significant implications for investors, the economy, and the wider society. Once bustling office spaces are now at risk of severe devaluation, an issue that echoes the financial tremors of the past. As ordinary people consider investing in property, it’s crucial to understand the…
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Bristol Rents Inflate by 41%
Based on a study carried out by Zero Deposit, a financial service firm, Bristol residents have experienced a drastic increase in rent prices since 2018. Today, they are paying a staggering 41% more compared to five years ago. The research focused on rent changes throughout England and discovered that the cost of renting in Bristol…
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The London Boroughs with Biggest Price Drops
London’s property market, always bustling, is entering its “key selling season”. Traditionally, autumn months signify an increase in activity, often characterised by more listings and, sometimes, more aggressive pricing. Yet, this year paints a slightly different picture. Based on the fresh data from the Rightmove’s House Price Index, the overall monthly seller asking price has…