Tag: Richmond
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Boxing Day Bonanza – Property Listings Surge
The UK’s property market saw a remarkable surge this Boxing Day, with Rightmove reporting a record-breaking number of new property listings. This significant increase indicates a potential shift in the housing market as we step into 2024. Rightmove, the largest online property portal in Britain, experienced an astounding 26% increase in new seller listings compared…
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Scotland and Northern Ireland Lead the Way in 2023’s Housing Market
Scotland and Northern Ireland have been crowned the year’s house price winners, outperforming their neighbors, England and Wales. Benham and Reeves, a London lettings and estate agency, conducted an in-depth analysis of house price growth across the UK. Their findings highlight Scotland’s impressive performance, with an average increase in house prices of 3.6%. This growth…
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Britain’s Top 20 Happiest Places to Live
In a recent study conducted by Rightmove, Richmond in London has been crowned the happiest place to live in Britain. The survey, which involved over 26,000 participants, assessed residents’ contentment based on various factors influencing their happiness. The Top Contenders Following Richmond, Winchester in Hampshire secured the second spot, while Monmouth in Wales impressed with…
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Rightmove Reports £6k House Price Fall
According to Rightmove, asking prices for newly-listed homes have decreased by 1.7% this month. This reduction represents a significant average fall of £6,088 in November compared to October, marking the most considerable drop for this month since 2018. Seasonal Trends and Market Adjustments It’s typical for asking prices to decline around this time of year.…
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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…
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Inflation-Beating Buy to Let Hotspots,
The Daily Mail looks at the figures for returns generated by buy-to-let properties around the UK, and rounds up some of the best. Are you considering investing in buy-to-let property? With rising mortgage rates, challenging regulations, and a less generous tax regime, many landlords are finding it increasingly difficult to make a good return. But…
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London House Affordability – Boroughs Compared
The Evening Standard has published a table comparing how affordable house prices are in each London Borough. According to new analysis from the Halifax House Price Index, the majority of London boroughs have become slightly more affordable for house-buyers due to a dampened housing market and rising wages. Almost all areas across the capital have…
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25% of Londoners in Poverty After Paying for Housing
The Centre for London research has shown that a quarter of Londoners are in poverty after they’ve paid their housing costs, and “The average rent in London is equivalent to 40% of average household income, compared to 26% across England.” London is patchy: Overcrowded housing varies a lot. In posh Richmond upon Thames, only 5%…