More than 160,000 new property millionaires have been created over the last year in Britain, according to property website, Zoopla, with nearly half a million home owners who can now call themselves property millionaires, at 484,081 in total. This figure is a 49% or 160,397 increase on a year ago.
It found that 12 streets now have average house prices of more than £10 million, all of which are in London, where competition from buyers has been particularly fierce.
Kensington Palace Gardens, which was once again named by Zoopla as Britain's most expensive street, now has an average property
The average monthly cost of running a three-bedroom house for someone taking their first step on the property ladder stands at £677, which is £110 lower than the typical monthly rent paid on a similar property, according to research undertaken by Halifax.
Cheap mortgage deals have helped to widen the cost gap between buying and renting a home in recent years. Five years ago, the average cost of owning your first property was around £37 a month more expensive than renting, Halifax said.
Buying has become even cheaper compared with renting over the last year, the research found. A year ago, the
London’s property buyers are prepared to pay an average of £42,000 extra to secure a home within a five-minute walk of an Underground or railway station, a new survey claims, and as reported in the London Evening Standard on Tuesday.
The “station premium” has widened drastically from £27,000 in the past two years, as improvements to the Tube and Overground networks have made access to public transport even more valuable for home- owners.
The survey, by the Nationwide building society, looked at prices at various distances from stations, ranging from 500 metres — equivalent to a brisk five
House sellers' asking prices in London, Cambridgeshire, Berkshire and Surrey have made the strongest gains since the financial crisis struck, while those in County Durham, the Isle of Wight, West Yorkshire and Teesside have the furthest distance still to recover, according to property website, Rightmove.
With an average price tag of £1.5 million, average asking prices in central London and the City now tower 41.9% above the levels seen when the housing market was at its pre-crisis peak in May 2008.
West London has seen the next strongest price growth since the previous peak of the market, with
Award winning property auctioneer Auction House is announcing record sales for July 2014, marking a six year high for UK auctioneers as a whole.
Despite the distractions of summer sun and a feast of sport, the group sold 379 lots in the month, over 8% up on its previous best, and raised £38.5 million in the process.
Commenting on the achievement, Founding Director Roger Lake said: ”These record figures are not only a brilliant result for Auction House, but also a real sign of buoyancy in our sector.
“As our numbers demonstrate, regional auctions are becoming more and more popular. But it’s the
The New York country home, where A-list actress Catherine Zeta-Jones spent her separation from husband and fellow actor Michael Douglas, is now for sale. The spacious and expensive colonial in Bedford, N.Y. is listed for $8.1 million.
The Oscar-winning couple are now back together, but last year the six-bedroom brick colonial house at 541 Guard Hill Road provided Zeta-Jones with an invaluable haven from unwelcome paparazzi interest in her during a difficult time.
The house features 6 bedrooms and 6 bathrooms and was remodeled in 2013. New features include a sauna, fully-equipped gym, renovated
Selling property at auction can be an option. If you are considering selling up and want to know how much your property might be worth at auction, why not send us a few details and one of our auctioneers will give you a ring, to chat further about your requirements.
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Leading Essex & Hertfordshire estate agent Mullucks Wells has responded to the latest Rightmove House Price Index, which indicates that this month has recorded a record drop in August property prices.
The largest monthly sample of residential house prices has seen the asking prices of property coming to market cut by 2.9% - the biggest fall Rightmove has ever recorded in August.
Mullucks Wells Residential Director William Wells said: “We would expect to see prices soften a little during the holiday month of August anyway. But this larger than usual fall is probably down to three key factors.
A unique residences in London has been put up for sale by a famous fraudster who needs to pay his legal bills. This six storey town house is now to be sold for an anticipated £30 million price tag.
Edward Davenport, known in the press as ‘Fast Eddie’, has put 33 Portland Place on the market in order to meet his legal bills and a rather hefty confiscation order.
As well as being the setting for The King’s Speech, Amy Winehouse filmed the video for her hit single Rehab in the mansion and Kate Moss starred in a raunchy Agent Provocateur ad there.
Although the price may seem eye-watering to most
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