A new way of looking at London’s rent bubbles
Here’s a great visualisation of how London rents are moving by Rentonomy (which has just added a property listings element to its always excellent blog postings) – as it says, the bigger the circle, the more rents have increased. Looking at the latest rent information from Valuation Office Agency (comparing year to 2012 and year to 2013), it shows that the London borough with the biggest rent rise was Richmond-Upon-Thames where rents have rised 22% from £265 to £323. It’s followed by Tower Hamlets.
What were bachelor pads like in the 18th century?
Emily Brand writes the marvellous History of Love blog and for all those who are wondering, she takes a peep inside a bachelor pad, 1752, to see how men lived badly a couple of centuries ago…
Impact of Help To Buy on London rents
The launch of the second part of Help to Buy could drive average monthly rents in the capital down by as much as 5%, according to Chesterton Humberts who argue that if long-term tenants move out of rented accommodation to buy their own home, the result could cause a glut of properties coming onto the market. They expect the opposite for the sales market, as competition for properties intenses and pushes values up. They expect the impact to be felt especially in areas of London popular with younger buyers and with a good stock of flats such as Docklands, Islington, Battersea and Fulham.
Richard Davies, Residential Operations Director at Chesterton Humberts said: “While I am confident that Help to Buy will be of great benefit to a large number of first time buyers, I am concerned that many people are not fully aware of the details of the scheme and how it works. Before applying I recommend buyers to seek independent expert advice to make sure they understand the terms and conditions of everything that is involved.”
Househunting? Got the Good Pub Guide with you?
According to Steve Jamison of Stacks Property Search, househunters are drawn to buying property in a particular village because of its pub(s).
“While a church, school and shop are considered extremely valuable and desirable elements, it’s the pub that has become, for many, the beating heart of a community,” he says. “House buyers who find themselves in a welcoming pub between viewings, and have already met a group of like-minded residents, will narrow the focus of their search to ensure that pub can become their local. And this may be at the expense of other, more practical, factors relating to geography and location.
“The Good Pub Guide is an incredibly useful part of the househunting kit. The pub itself can provide a fairly accurate picture of village life, not just from the people who eat and drink there, but from the way it looks and operates. And you’ll learn a huge amount about the village, and probably about your potential near neighbours, from the landlord and staff.”Tagged in: help to buy, renting
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