Tag: Dagenham
-
Planning Permission Pitfalls – London Leads in Refusals
London is the most challenging region in the UK to secure planning permissions, according to recent data. All ten of the top spots for planning permission refusals are occupied by boroughs within the capital, signalling a significant hurdle for developers and homeowners aiming to renovate or build. Hillingdon, located in West London, tops the list…
-
Homeownership Dreams Dim in Nottingham – Affordability Crisis Worsens
The latest analysis released by the moving platform Getamover.co.uk suggests Nottingham is one of the toughest areas in England when it comes to homeownership affordability, with dramatic changes observed over the past decade. From 2013 to September 2023, the average cost of an existing dwelling in Nottingham has nearly doubled, surging from £95,500 to £186,000.…
-
Bradford Takes the Crown As UK’s Top Property Hotspot
The Bradford area, nestled in the heart of England, has emerged as the country’s hottest property market. This accolade comes from none other than the esteemed property portal, On the Market, which places Bradford at the pinnacle of its hotspot index. Bradford’s rise to the top is not just a tale of geographic convenience but…
-
London Housing Market – Prices Climb in the Capital!
The London housing market has shown a robust increase, with some areas witnessing a 5.6 percent leap in asking prices. This news might leave many Londoners wondering how their borough stacks up in the latest housing price evolution. According to the newest figures from Rightmove’s house price index, the average asking price for a London…
-
London’s Property Prices – The Highs and Lows
London’s housing market has seen its fair share of ups and downs over the past year. Yesterday’s report from the ONS has shed light on how the capital’s property prices have fared, revealing a mixed bag of results across different boroughs. On average, house prices in London have taken a dip, declining by nearly 5%…
-
Home Sellers Get Six-Figure Profits
Homeowners in England and Wales typically reaped six-figure gains in 2023, when selling their properties, based on analysis by Hamptons. 2023’s home sellers, who had owned their properties for an average of nearly 9 years, enjoyed an average profit of £102,650 over their purchase price. This figure, though slightly lower than 2022’s £112,930 average, marked…
-
House Prices Set to Dip in 2023, Zoopla Predicts
Key points – According to Zoopla, a leading property portal in the UK, we’re looking at a potential downturn in house prices next year. This comes after a period of relative stability, with prices rising by 0.5% in November, following a 1.2% increase the previous month. A Two Percent Drop Ahead Zoopla’s latest analysis suggests…
-
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…
-
London’s Record-Breaking Rents
Rents in London have reached record-breaking levels, surpassing those in other parts of the UK and even outpacing many European capitals. In fact, property agents Savills report that London rents increased by a significant 20% between March 2020 and May 2023. The median cost of a studio in Greater London now stands at £1,275 per…
-
The Most Affordable Areas to Buy a House
The Daily Mail discusses the impact of rising mortgage rates on homebuyers in the UK and reveals the most and least affordable areas to buy a home in each region. According to Hamptons International, one in four households moved to a more affordable area this year, up from one in five the previous year. This…