Property features

To rent or to buy?

By Charlie Jacoby, August 12, 2010

New research by shows that buying a home beats renting in 74 per cent of cases around Britain, in financial terms. And the conclusion is that it is still cheaper to buy than rent in London, despite high prices. Huddersfield tops the list of places where renting beats buying.

According to the Zoopla statistics, buying remains cheaper than renting in around three quarters (74 per cent) of the locations studied, with average monthly mortgage repayments being eight per cent lower than the cost of renting (assuming interest-only mortgage at five per cent interest per annum).


Sunny outlook for new homes

By Charlie Jacoby, August 4, 2010

New homes are selling well, even as the wider market cools.

The average price of a new home slipped by -1.2 per cent to £217,845 in June, as a number of short-term factors prevented the continuation of the recent steady growth. However, with the three-month change standing at +0.8 per cent and annual growth at +1.4 per cent, underlying market trends remain positive.


Hold your house parties here

By Charlie Jacoby, July 28, 2010

Looking for modern luxury? Perhaps you are a footballer with Tottenham or West Ham and want easy access to your training ground? Perhaps you simply want a family home with every facility money can buy? Heywood House, Emerson Park consists of six bedrooms, kitchen, gym, sauna, indoor swimming pool, as well as formal reception rooms. Set over three floors, the house has underfloor heating throughout, walnut and glass staircase, Crestron management control system, Lutron mood lighting system and the whole building is 6,796 sq ft. The price? £3.4 million


Chic homes in celebrity suburb

By Charlie Jacoby, July 1, 2010

House prices in the South East edged up in May, says the latest survey from the Royal Institution for Chartered Surveyors. The government's decision to abolish HIPs gave supply a boost - and in the new homes market, more and more developers are bringing their schemes forward, especially at the upper end of the market.


Hendon highlights

By Charlie Jacoby, June 17, 2010

Estate agent Richard James has opened a new office in Hendon and has already sold two large houses there. The estate agent, which has been established in Mill Hill for six years, has sold two high-value properties in Manor Hall Drive, Hendon. One of them is a four-bedroom, two-bathroom house with scope to extend. The asking price was £1.125 million. The other is on a double-width plot and totals 3,600 sq ft with six bedrooms, three bathrooms an outdoor swimming pool and a Mark Wilkinson kitchen. Its asking price was £1.75 million.


Auctioneers have lots going for them

By Charlie Jacoby, June 17, 2010

Many of the property auction houses continue to report healthy results.

Perhaps none is more bullish than Allsop Residential which delivered its highest total since February 2009 at its May auction.

Allsop sold 85 per cent of nearly 400 lots at a marathon two-day residential sale to raise £58 million. The sale comprised a broad mix of properties across the UK.


Rents are looking up, says survey

By Charlie Jacoby, June 10, 2010

A lack of supply is pushing rents higher, signalling a revival in the lettings market, says the latest RICS Lettings Survey. The net balance of chartered surveyors reporting rising rather than falling rents rose from zero to 30 per cent - a marked contrast to April last year, when 58 per cent more chartered surveyors were reporting falling rents, an all-time low for the survey. Surveyors are optimistic that rents will continue to rise with the rental expectations' net balance climbing to 36 per cent - the highest figure recorded in the survey's history.


Strong start for auction teams

By Charlie Jacoby, June 3, 2010

In its first commercial property auction as Acuitus, on May 27, the former Jones Lang LaSalle auctions team raised £18 million from the sale of 27 lots in front of a packed room at the Millennium Hotel. The highlight was the sale of the Barclays Bank branch at 18-19 Fleet Street in central London. Guided at £1.4 million, the 4,423sq ft property, which included five flats above the ground-floor branch, sold for £2.27 million to a Greek investor at a yield of 3.92 per cent.


Agent moves into Radlett home

By Charlie Jacoby, May 27, 2010

It is a sign of renewed enthusiasm for property when an estate agent opens an extra office. Barnet estate agent Statons is spreading its wings. It has added an office, in Radlett, Hertfordshire. Known as an "agent to the stars", Statons is equally happy selling smaller houses as it is selling footballers' mansions from its new location.

Among its lower-priced instructions, Statons already has a one-bedroom flat above the shops in Watling Street, for sale at £195,000. But it is also offering a brand-new home in Loom Lane, for £4.25 million.


Responding to charity

By Charlie Jacoby, May 21, 2010

Banner Homes has recently joined forces with The Neurofibromatosis Association (NfA) to raise much-needed funds for the charity. Banner, a prestige UK housebuilder, will be donating £10 for every customer questionnaire that is completed by its purchasers.

So far, the company has donated £600 to the NfA and will continue to sponsor the charity, with the hope of securing around £2,000 during the rest of this year.