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The property week in numbers: why it’s cheaper to commute to London from Barcelona

Alex Johnson

Barcelona kits 2013 14 1902183 300x199 The property week in numbers: why its cheaper to commute to London from BarcelonaHere are our scores on the doors from the last seven days…

The Apple Apartments boutique development in the former headquarters of The Beatles record company in London’s West End have been sold to Middle Eastern investors for £10.2 million (Source: Kay & Co)

Superfast broadband is now available to almost three quarters of UK homes (Ofcom)

In 2010–12, male life expectancy at birth was highest in East Dorset (82.9 years) and lowest in Blackpool (74.0 years) (ONS)

Seven in ten under 35s think it will be at least five years or more before they can turn dreams of being a homeowner into reality (L&Q)

Loans for home purchases are at their highest levels since December 2009 – around a quarter of the 40 per cent rise over the last year came in September (British Bankers’ Association)

There are around 60,000 thatched properties in the UK (Savills)

A quarter of homeowners have never checked the condition of their roof (Halifax)

Commuting from a one bedroom flat in Barcelona to a job in London can save you £74 a month (full details at Huffington Post)

95% of people looking for a new home start looking first on the internet (Property Price Advice)

Homeowner confidence at four-year high
Two more stats – 89% of homeowners expect prices to rise in the next six months and the average homeowner expects prices to rise 5.7% over that period (8.3% in London)

The latest Zoopla Housing Market Sentiment Survey of more than 9,000 homeowners also shows 4% of homeowners predict house prices will fall over the next six months.

Lawrence Hall of Zoopla.co.uk said: “While London remains the forerunner in homeowner optimism, confidence in the property market is surging across the whole UK. Confidence is the bedrock for healthy property transactions but it can’t work in isolation. Fortunately, mortgage lending is on the rise, first-time buyers are returning to the market, and the second phase of the Help to Buy scheme should help boost confidence further across the country and not just in London. All of this bodes well for a healthier market and could lead to more and more transactions, which in turn will create a more sustainable market.”

Help to Buy scheme “suppresses rent rises”
Average advertised rents were down in almost every region between July and September, according to Move with Us. The average advertised rent in Britain was £965 per month at the end of last month.

Robin King, Director, Move with Us, said: “Average advertised rents fell in every region except Greater London and the West Midlands. Reductions in most regions tying in with the launch of Help to Buy indicates that the scheme may be starting to impact the rental market. Those who would ordinarily rent are opting to buy, putting downward pressure on rental prices as demand reduces. With this in mind, we anticipate further falls in advertised rents in the coming months, as the market starts to stabilise and reverse the over-inflated rental prices that we have seen in the past few years.”

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