New figures from Shelter suggest that ‘Generation rent’ will be locked out of the property market for more than a decade.
Young people trapped by high property prices face having to save for up to 30 years before they can afford a deposit on their first home, a charity said today.
UK house prices increased by 2.6 per cent between April 2012 and April 2013, compared to a 2.7 per cent increase between March 2012 and March 2013.
Only a third of young people are now prepared to save for a deposit for more than three years before abandoning their plans, according to a new report from Halifax.
Average property asking prices have climbed above a quarter of a million for the first time, amid signs that the positive outlook in London has spread to every region.
Welcome to Todmorden: the only town in Britain to attract vegetable tourists. This pretty spot on the Yorkshire/Lancashire border reinvented itself in 2008 with the founding of the volunteer-run community gardening scheme Incredible Edible; six years on, and they're really reaping the rewards. Todmorden is blooming under a very British, get-on-with-it, up-trowels spirit – fruit and veg are growing all over the town (population: 16,000), vandalism is down, spending on local produce is up. And now the rest of the world wants to learn how it's done.
"I spent yesterday fixing my toilet," explains my friend Johnno, in among the glamour of the Chelsea Flower Show. "I had to take off the cistern, then put on another one."
The good news is that in most parts of the UK property prices are turning upwards again; the bad news is that this is from a very low base of sales. In fact, the number of sales are still below the long-term trend – which means that sellers can't just let their property sell itself, they have to compete hard for buyers' affections, and homes have to be "staged" correctly or they can remain unsold.
It's National Gardens Weekend, says the NGS, whose famous yellow book lists nearly 4,000 gardens open to visitors; together, in the past 10 years, they've raised £22m for charity. Reading the entries in the guidebook, the come-on seems to be as much about lemon drizzle as lupins. Cakes are a must. Rain and wind might be lashing your borders but must never prevent you producing a decent coffee sponge. The latest one-upmanship is to bake the cakes with eggs from your own hens.
Lace has been big on the catwalk for a couple of seasons now, with designers ranging from Roberto Cavalli, Dolce & Gabbana and Jason Wu to high street names like Mango and Topshop all experimenting with the fabric. And the trend is now making its way into our homes, too.
A London site once owned by jailed property tycoon Achilleas Kallakis has been sold to a giant Chinese development and investment company.
Read More >>
Derwent London has today announced that it has entered into non-binding heads of terms with Peninsula Hotels to sell its 50% interest in 1-5 Grosvenor Place SW1 for £132.5m.
Read More >>
Hammersmith is on the verge of achieving record rents of £47/sq ft, with Pernod Ricard under offer to take 40,000 sq ft at Development Securities’ Hammersmith Grove scheme in west London.
Read More >>
Westminster City Council and English Heritage have applied for a judicial review of plans that “would cause substantial harm” to sight lines around the Palace of Westminster, which forms a World Heritage Site together with Westminster Abbey.
Read More >>
New images and a consultation for a major regeneration scheme in London have been released.
Read More >>
The Court of Appeal has rejected the latest application to judicially review a British Land and Tesco retail scheme in London.
Read More >>
New River Retail has announced this morning that it intends to raise £67m through a share placing.
Read More >>
House builder Berkeley Group this morning reported profit before tax was up 26% in its full-year results, as it cashed in on savvy acquisitions during the downturn and a subsequent boom in London house prices.
Read More >>
Planning consent has been granted to convert Arcadia Shopping Centre in Ealing into three large shops.
Read More >>
Capita has today announced the appointment of Richard Marchant as chief executive of Capita’s property and infrastructure business.
Read More >>
RSS (really simple syndication) is a means of offering feeds of content in XML format ("RSS Content"). Use of these RSS feeds is governed by our Terms and Conditions and or Privacy Policy.
The RSS feeds shown on this website are syndicated from external sources on the Internet and we can not take responsibility for the reliability or accuracy of the news items.
© 2009-2013 UKLRS - Professional specialists in Land Registry and Environmental searches
