Property

Nearing the end of your lease? It could be worth contacting a cleaning service earlier than you planned to. Across the UK, around 29% of tenants lose part or all of their deposits every year, with average losses of £825 per renter. Collectively, lose deposits amount to over £1 billion per year -- a very large sum, even in the context of the property rental market. The figures are even worse for students and young renters, with four in 10...

With renting becoming the new norm for London’s millennials and the government continuing to fall far short of its self-made targets for new homes being built, what does the future of renting look like in the Capital over the next 12 months? Rents cooling down, but for how long? Despite fears that the rental market would overheat in 2017 given the continuing pressures on demand, prices actually held relatively stable. Figures from the Royal Institute of Chartered Surveyors (RICS) included...

A millionaire is holding a competition to give away his £2.3m mansion for £10.50 a ticket - complete with Rolls Royce, stocked wine cellar, gardener and housekeeper. The four-bedroom hideaway is surrounded by a ten acre landscaped garden, three-hole golf green, leisure complex with a pool and gym and a granny flat. The seller wants to walk away with just a handful of personal possessions - so is also chucking in all the furniture, hundreds of bottles of wine and...

As sterling stumbles, renting, rather than buying, is becoming an increasingly attractive option for those looking to live in the capital. We’re already aware that the millennial generation are doomed to never own their own home (particularly in London, where prices are 14.5 times the average income), but until the market picks back up, those who have their deposits ready and waiting are staying on the fence. Not to mention the fact that the comparative strength of other currencies is...

It’s no secret that properties are now more expensive than ever, but wages are also up too, so does that mean getting on the property ladder is easier or harder for first time buyers compared to 20 plus years ago? Well, that’s a question that South Wales-based Howells Solicitors has sought an answer to. In a recent guide, the conveyancing specialist has delved into government data to reveal that our parents’ generation did have it easier. Properties Are Less Affordable...

First time buyers will need a deposit of over £200k to buy a home in 2027, new research has found. A new study has revealed the average first-time buyer deposit could be set to rise by nearly 60 per cent over the next 10 years. The current average deposit for first-time buyers sits at a huge £51,821, and could go up to as much as £65,930 by 2022 nation-wide. By 2027, first-time buyers may need to put down 28 per...

The stereotypical image of 'southern softies' could soon be a thing of the past - after a study found northerners jack up the heating long before southerners do. Despite there being just a two degree difference between the north and south of the UK at the moment, those living south of London will simply don another layer to keep warm while Geordies and Scots will reach for the thermostat instead. Three quarters of hardy southerners think you should put a...

"New York, I love you but you're bringing me down," sang James Murphy of LCD Soundsystem in 2007. Though they weren't intended as such, the lyrics perfectly capture how today's 20-somethings feel about big city living. City-centre pads in London, Paris, New York, and other major capitals are increasingly being snapped up by the only people who can afford them. Often this means investors, not occupants. Last summer, research for Mayor Sadiq Khan found that foreign investors are buying thousands...

It takes just EIGHT minutes for house-hunters to know whether a new property is for them, according to a study. After less than ten minutes inside a property, buyers know whether they should be getting out their chequebooks or turning around in the car. Six in ten adults will make their decision not to buy before even stepping through the front door – after just four and a half minutes of standing outside. In contrast, 15 per cent of homeowners...