Review Category : UK Propety

Christie's recreates inside of Sting's home to help sell musician's artworks

The auction house has replicated four rooms from Sting and Trudie Styler's
former London home, to help tempt bidders to buy more of the couple's art

Christie's unveils: Works from the Art Collection of Sting & Trudie Styler Formed over the past 20 years, the collection vividly captures the couple's knowledge and passion for Art and Design. Over 150 lots will be offered from the collection. Pictured is Sting's Steinway grand pianoa German Ebonised 'Model B Grand Piano.estimate £30,000 -50,000

Sting's Steinway piano – estimated to fetch £30,000 – £50,000 – sits in one of the recreated rooms at Christie's Photo: warren allott

By
Patrick Foster
, Media Correspondent

6:09PM GMT 17 Feb 2016

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Christie’s, the renowned auction house, has recreated several rooms from Sting’s former home, to tempt potential bidders to buy more of the 150 items of the singer’s artwork and furniture that are up for sale next week.

Staff at the auctioneers have replicated four rooms from the musician’s former house, showing how the singer, and his wife Trudie Styler, matched together items from their art collection, including works by artists such as Matisse and Picasso.

 British singer Sting and his wife Trudie Styler British singer Sting and his wife Trudie Styler Photo: AP/Lionel Cironneau, File

The couple elected to put the mix of art and furniture up for auction after selling their nine-bedroom mansion at Queen Anne’s Gate, near St James’s Park, for £19 million last year. They will set up a new London base in the £8 billion redevelopment of the former Battersea Power station, but do not have room for all of their possessions.

'It’s to give people an idea of how they made it fit together, and how they might live with these works'

Christie's source

Christie’s expects to raise more than £1.4 million from the sale, which takes place on February 24. Stand-out items include a Steinway piano, which stood in Sting’s music room, and is expected to raise between £30,000 and £50,000, a plate by Picasso, and a set of Matisse prints, known as the artist’s Jazz portfolio, which could fetch as much as £350,000.

A source at Christie’s said that the auctioneers had recreated the rooms to show bidders how the artwork and furniture items could fit together. “It’s to give a sense of their pairings,” the source said. “It’s to give people an idea of how they made it fit together, and how they might live with these works.”

Le Corsage a Carreaux by Pablo Picasso in the Living Room of the London homeLe Corsage a Carreaux by Pablo Picasso in the Living Room of the London home Photo: Christie's /PA

Andy Waters, Head of Private Collection Sales at Christie's said: “Having been entrusted with many of the greatest private collections assembled by some of the most notable figures throughout history, Christie’s is honoured to be offering for sale works from the art Collection of Sting and Trudie Styler.

"Their home at Queen Anne’s Gate effortlessly combined luxury, rarity and colour – a skilful balance that created the ultimate London home. Each work of art was carefully chosen and the resulting collection is a testament to Sting and Trudie Styler’s informed eye for art and design."

The Jazz portfolio by Henri MatisseThe Jazz portfolio by Henri Matisse Photo: Christie's /PA

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Actress Anna Friel faces £100,000 bill over 'three-inch' extension overlap at Grade II-listed Windsor home

She was granted planning permission for extensive renovations despite
objections from neighbours and members of the Windsor and Eton Society

Anna Friel was granted planning permission for extensive renovation

Anna Friel was granted planning permission for extensive renovation Photo: AP

By Telegraph Reporter

11:17AM GMT 21 Feb 2016

Anna Friel is facing a £100,000 bill as a neighbour claims an extension to the actress’s Grade II-listed Windsor home has strayed three inches onto her land.

Ms Friel, 39, bought the £1 million Georgian property, which once served as a home for staff at Windsor Castle, in 2013.

A neighbour has accused the actress of building her extension three inches over the property's boundary

She was granted planning permission for extensive renovations despite objections from neighbours and members of the Windsor and Eton Society, the Mail On Sunday reports.

And now, due to the build’s boundary walls falling three inches wider than agreed, lawyers have been consulted and independent surveyors drafted in to produce a report.

If officials at Windsor and Maidenhead Council agree that the extension falls outside of what was agreed, the actress could face having to tear down the whole thing, which was completed three months ago at a cost of £100,000.

Anna Friel's neighbour claims that one of the extension's boundary walls (both circled in planning permission sketches) has encroached into her property
Anna Friel's neighbour claims that one of the extension's boundary walls (both circled in planning permission sketches) has encroached into her property

Ms Friel was born in Rochdale, Greater Manchester, and she has been acting since the age of 13, appearing in a number of British television programmes.

She played Beth Jordache in the Channel 4 soap Brookside, which had the first lesbian kiss in a British soap opera in January 1994.

She made her West End theatre début in London in 2001 and has subsequently appeared in several productions, including in an adaptation of Breakfast at Tiffany's and as Yelena in a 2012 production of Chekhov's Uncle Vanya.

Eight neighbours are believed to have written to the council about her Windsor extension plans, with one taking legal action and another considering it.

One of them told the Mail on Sunday: "Both neighbours on either side have serious issues. Three inches may be a laughable amount, but it's a matter of principle."

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For sale: Abandoned WWI sea fort for £350,000 – but there’s a catch

The property comes with panoramic sea views, a roof terrace, a wood burner and
is very handy for trips to the beach

The Haile Sand Fort property is located on the Lincolnshire coast

The Haile Sand Fort property is located on the Lincolnshire coast Photo: SWNS

By
Mark Molloy

3:07PM GMT 24 Feb 2016

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Buyers looking for a unique development opportunity now have the eccentric option of owning their very own World War One (WWI) sea fort for just £350,000.

You can purchase your very own defence fort with wonderful sea views for cheaper than a garage in central London but it will need major renovation before it can be lived in.

The Haile Sand Fort property is located on the Lincolnshire coast, around four miles from Grimsby town centre.

It cost an estimated £1.5 million to build, with around 40,000 tons of concrete and steel used in the construction.

The post was built sometime between 1915 and 1918 to protect Britain’s east coast from the Germans during WWI. It was also manned during WWII.

Turning it into a liveable home would be an expensive option

It often came under attack from aircraft and submarine during the wars, the listing explains. The army left in 1956, with the fort still manned until the early 1960s.

Some downsides are that you’ll probably need to invest in a boat to reach it, while turning it into a liveable home would also be an expensive option.

“Sometimes a listing crops us that truly takes our breath away, and that’s what happened when we were instructed to sell Haile Sand Fort,” a spokesperson for estate agent Tepilo told the Grimsby Telegraph.

“This is an incredibly unique opportunity for anyone looking to own a piece of history.”

It cost an estimated £1.5 million to build

However, Henry Pryor, an independent buying agent, warned that the property could be damaged by stormy weather, while there could also be issues with supplying gas and electric, he told Mail Online.

“For aspiring homeowners this may be worth considering alongside similar offshore properties like Sealand and No Man's Land fort in the Solent.

“As a professional buyer I’d be worried that it looks like one good North Sea storm might wash it away.

“You might just pick up a mobile signal but is there electricity or gas from a North Sea platform? I’m guessing the drains just empty into the sea.”

Meanwhile, this unassuming 'hobbit house' has an incredible secret inside.

Here are 10 of the most unusual homes for sale in the UK.

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Couple shocked to realise idyllic Wiltshire countryside home set to be engulfed by 700-house development

Pair unaware of 'mini town' that is set to encompass their detached cottage
currently in miles of fields in Chippenham until passer-by mentioned project

Cheryle Walton and her partner Paul Jones outside their dream country cottage

Cheryle Walton and her partner Paul Jones outside their dream country cottage Photo: Diane Vose / SWNS

By Agency

2:52PM GMT 25 Feb 2016

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A couple were shocked to discover their farm cottage is set to be surrounded by a 700-home estate – despite not being consulted when developers first applied for planning permission.

Cheryle Walton and her partner Paul Jones were unaware of plans to build the "mini town" until a passer-by mentioned the development.

But the 507,500-square metre development in Chippenham, Wiltshire, is set to encompass their detached cottage, which currently sits in miles of fields.

"It's just soul-destroying. We have lived here for five years and we worked so hard to buy it and get everything done"

Cheryle Walton

The devastated couple's £425,000 home does not even appear on the submitted aerial drawings of the proposed new estate despite being in the middle of the site, which will also have schools and offices.

Development company KBC Developments LLP has submitted plans to Wiltshire Council, but did not invite Miss Walton and Mr Jones to register their objections.

Miss Walton said: "It's just soul-destroying. We have lived here for five years and we worked so hard to buy it and get everything done, like extensions.

"It's our dream home and this has happened behind our backs. They are just developing it around us and we've never had anyone come to us.

"I heard about it from a lad when we were walking our dogs. We had no notification, we have no letter, but we are the only cottage there. Our cottage isn't even on the plans."

Cheryle Walton who has just found out that 700 house will be built around her country dream home in Chippenham, WiltshireCheryle Walton who has just found out that 700 houses will be built around her country dream home in Chippenham, Wiltshire Photo: Francis Hawkins / SWNS

Miss Walton and Mr Jones, her partner of 17 years, bought the cottage around five years ago for approximately £300,000 and embarked on extensive renovations.

But the pair had no idea consultants Framptons had submitted an application for outline planning permission on behalf of KBC Developments LLP last month.

The plans propose 700 homes on the 50-hectare site to the north east of Chippenham. It also includes 4.5 hectares of "employment space", 10 hectares of public open space, cycle paths, "retirement living", a primary school and a nursery.

The application for outline approval was submitted to Wiltshire Council on January 6, with comments invited until March 4, before a decision is set to be made in April.

Framptons claims it held a public exhibition on the plans in December 2014, but admitted Miss Walton should have been informed.

An aerial view of the cottage. An aerial view of the cottage. Photo: SWNS

Artist's drawing of the new housing development planned for Chippenham, Wilts - with Cheryle Walton and her partner Paul Jones' cottage circled on the left.Artist's drawing of the new housing development planned for Chippenham, Wilts – with Cheryle Walton and her partner Paul Jones' cottage circled on the left. Photo: SWNS

Director Peter Frampton said: "When a planning application is submitted to the local planning authority normal protocol would be that they [Wiltshire Council] would normally send them a notification.

"We did hold a public exhibition in December 2014 and notified a lot of people and put an advert in the Gazette and Herald.

"Miss Walton should have been informed and if that didn't happen, I apologise. The planning application has a long way to go. It's in, she's now aware of it, and has sufficient time to send in her comments."

A Wiltshire Council spokesman said: "The developers carried out public consultation events on these planning proposals and should have ensured all residents were told.

"We understand from Miss Walton that she was not informed and was only made aware when she received a letter from us in January stating a planning application has been submitted by the developers.

"We've suggested the developers call Miss Walton to explain what they are planning to do and why she was not involved earlier in the public consultation events."

Tens of thousands of new homes in greenfield areas to get automatic planning permission

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Carphone Warehouse founder embroiled in row with neighbours over extension plans at £20 million mansion

Sir Charles Dunstone, 57, and his wife Celia, 36, want more space but nearby
residents say they have endured years of noise and dust pollution

Celia Dunstone (L) and Sir Charles Dunstone

Celia Dunstone (L) and Sir Charles Dunstone Photo: David M. Benett/Getty Images

By Telegraph Reporter

7:28AM GMT 01 Mar 2016

The founder of Carphone Warehouse is embroiled in a row with neighbours over plans for a huge basement extension to his £20 million Holland Park mansion.

Sir Charles Dunstone, 57, and his wife Celia, 36, applied to build a wine cellar, storage space, showers and a play room for their three young children under their six-bedroom home, according to architects' drawings.

Carphone Warehouse founder Sir Charles Dunstone has applied for a one-storey basement at their six-bedroom home in Holland ParkCarphone Warehouse founder Sir Charles Dunstone has applied for a one-storey basement at their six-bedroom home in Holland Park Photo: GLENN COPUS However residents said they have already endured years of noise and dust from the construction of a house with an underground gym and pool, which Sir Charles and Lady Dunstone built on land they own behind the Victorian villa.

"It's already a huge house – why do they need to make it bigger?"

Neighbour

In papers submitted to Kensington and Chelsea Council, Sir Charles, who set up Carphone Warehouse in 1989 and is worth an estimated £830 million, said he needs more space for his family.

Bijan Ghavimi, who represents residents of the nearby Redlynch Court apartment block, has lodged an objection to the basement extension plans.

Celia Dunstone and Charles DunstoneCelia Dunstone and Charles Dunstone Photo: Rex Features He believes Sir Charles and his wife are trying to merge their two Holland Park properties together via the subterranean leisure basements.

Another neighbour, who did not wish to be named, has lived in a nearby property for three years.

She told the Evening Standard: "The noise and dust has been constant and the drilling sounds are horrible. When they built the pool there was drilling going on all the time and it just gets on your nerves.

The plan for the home of Charles DunstoneThe plan for the home of Charles Dunstone

"It's already a huge house. Why do they need to make it bigger?"

But in a statement accompanying his planning application, Sir Charles said: "What is proposed is a modest one-storey basement, which will be a long way inside Kensington and Chelsea's space guidelines and will wholly comply with all their strict obligations about construction noise, dust and disturbance.

"It is estimated the work will take 14 months from start to completion."

Documents submitted by Snell David Architects add that the extension will help enhance 'family life'.

They say: "The applicants appointed us to look at ways in which the property could be improved to achieve an attractive property suitable for their young family, to enhance the existing accommodation to provide a subterranean playroom, wine store and further ancillary rooms."

A decision will be made in due course.

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Selling your property can be a long and drawn out process. Particularly if this is all new to you. But, with my help, you’ll be able to sell your home in no time at all. Check out my short guide below:

 

Choose Who Will Sell

The first decision you’ll make is figuring out who will sell your home. In some cases, the property owner will decide to sell their property. It’s your home, so you want to sell it. But, are there any benefits to doing this? Yes, there’s one key benefit that lots of people like the sound of. When you sell a property yourself, you don’t have to deal with additional fees. I’m talking about having to pay an estate agent to sell your home for you. Usually, they’ll sell your property and get a percentage of the sale. But, sell by yourself and you can keep all the money.

The downside of selling by yourself is that you may not know how to. Estate agents do this for a living; they know all the tricks. You may have no idea how to sell a home or get the best price for it. An estate agent will do all they can to get as much money as possible for your property. If you do opt for an estate agent, make sure you make the right choice. There are many things you should ask when hiring one. Obviously, at the top of that list will be how much do they charge?

It’s up to you to choose who will sell your home, make sure you make the right decision. Some people will go it alone; others will need the help. It all depends on your experience and if you’re confident in getting a great price without the help.

 

Set A Price For Your Property

Setting a price is probably the hardest part of selling your property. It’s very tricky to come up with a number that you think represents how much your house is worth. Naturally, everyone wants to get as much money as possible. So, you may be thinking your property is worth more than it is, On the flip side, you might undervalue your property if you’re not careful.

My advice is to seek help when making this decision. Talk to those that know the property market inside and out. Have someone come and survey your property and give a rough view of the costs. Once you’ve got a vague idea of how much it costs, it’s easier to come up with a price. You can also do a bit of market research on your own. Search for similar properties online and see how much they’re going for. This can help give a rough view of how much you should be selling for.

One trick is to set the price at a bit higher than you think. Say you’ve decided to sell your house for £100,00. Instead of listing it for that price, list it for £110,000 or £120,000. Why? Because people always look to negotiate the price and get a better deal. If you list for £120,000, and they try to barter with you, you’re in control. You could drop the price down a bit, but keep it above that 100k mark. So, the buyer will think they’ve saved thousands of pounds, when in fact, they’re buying it for what you wanted it to sell for.

 

Clear Out Your House

When you’re selling your home, you’ll often have people round to view it. Now, no one will want to buy a home that looks like a dump. You’ve got to make an effort to clean up and clear out some of the rubbish. It’s going to take a lot of effort, but it will make a huge difference. The way your house is presented will play on a buyer’s mind. It’s hard for them to get a clear view of the house if it’s covered in all your stuff and they can barely walk through the mess. They’ll be distracted during the whole viewing and opt not to buy it.

So, get to work on the biggest home cleaning session you’ve ever had. Start things off by rounding up all the rubbish and mess and deciding what can stay and what can go. You’ll often find there are loads of things lying around that you simply don’t need. So, now’s the time to get rid of them. You can find companies like Junk Me that will remove all your rubbish for you. It saves you having to drive to the tip and dump it all there. The time you save on rubbish removal can be used to focus on cleaning the rest of your house.

Once you’ve cleared your junk, you should look at tidying every room. Make sure everywhere is spotless and things look neat and tidy. What you’re trying to do is make your home look brand new again. If you can do this, buyer’s will be far more inclined to purchase your property. Also, don’t forget about your garden too. You need to tidy up your front and back garden if you want a quick and easy sale.

 

Market Your Property

Marketing is very important when it comes to selling a property. Without marketing, no one will know your home is up for sale. So, you need to explore ways in which you can advertise and promote your property to potential buyers. Thankfully, there are many ways that you can do this.

The easiest way is to look for an online site that lets you list a property. You can put your house up and take pictures of it. Again, this is why it’s vital you clean your property and make it presentable. These days, lots of people will look at houses online, so it’s a great way to market yours.

It’s worth noting that if you get an estate agent to sell your home, they can help with some of the marketing too.

And there you have it, some top tips for selling your property. Hopefully, you’ll now make a quick and easy sale and get the best price possible!

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Dungeness Estate – Britain's only 'desert' – bought by energy giant EDF

French energy firm owns Dungeness B nuclear power plant and currently pays
£77,000 a year to the estate to move shingle to protect its reactors

Dungeness A and B nuclear power stations

Dungeness A and B nuclear power stations Photo: Alamy

Emily Gosden

By
Emily Gosden
, Energy Editor

4:22PM GMT 03 Nov 2015

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Britain's only 'desert', the Dungeness Estate in Kent, has been bought by EDF Energy, the French company that owns the nuclear power plant next door.

The desolate shingle expanse, which is a National Nature Reserve, a Special Area of Conservation and a Site of Special Scientific Interest (SSSI), was put up for sale by its trustees this summer for £1.5 million.

EDF, which owns the Dungeness B nuclear power plant overlooking the estate, said it had bought the land for an undisclosed sum to ensure it continued to be "managed responsibly".

EDF currently pays £77,000 a year to the Dungeness estate for licences to move shingle along the beach in order to protect the power station from flooding. The company announced in January that the reactors would remain open until 2028, ten years longer than originally planned.

The desolate Dungeness Estate on Romney Marsh in KentDungeness Estate Photo: Strutt & Parker/BNPS

The shingle expanse at Dungeness is so large that it has been called Britain's only desert – although according to the Met Office, it receives an average of 700mm of rain a year, so cannot be formally classified as a desert.

The 468-acre estate also generates income from 22 residential properties dotted about the barren landscape.

Confirmed to residents this am that EDF have bought the Dungeness Estate which is part of the wider Dungeness NNR. pic.twitter.com/F19ftQDurr

— Owen Leyshon (@LeyshonOwen)
November 3, 2015

It is often used for fashion shoots and has regularly been used in music videos, and also featured on the cover of Pink Floyd's 1981 album A Collection of Great Dance Songs.

The desolate Dungeness Estate on Romney Marsh in KentDungeness Estate Photo: Strutt & Parker/BNPS

Famous residents include artist and film director Derek Jarman, who lived there until his death in 1994.

Maurice Ede, trustee for the estate, said: "After the decision was made to sell the estate, it was important the purchaser would have the ability, track record and correct intentions of maintaining an estate such as this and we are very happy to be passing that responsibility to EDF Energy."

EDF Energy announces it has exchanged contracts for the acquisition of the #Dungeness Estate https://t.co/sHQMkzrTpR pic.twitter.com/rVuQWI1Q1L

— EDF Energy Comms (@edfenergycomms)
November 3, 2015

Martin Pearson, station director at Dungeness B, said: "We're delighted to be the purchasers of the estate and want to reassure the community that it is our intention to be a responsible owner of the land.

"Dungeness B has been a huge part of the community for over 30 years, many of our employees live in the area and we bring business to local suppliers.

The desolate Dungeness Estate on Romney Marsh in KentDungeness Estate Photo: Strutt & Parker/BNPS

"We've always worked alongside the local community to preserve and enhance this unique environment and EDF Energy is committed to this."

Will Whittaker, of Strutt and Parker, said there had been "great interest" from around the world in the estate. He said the trustees were pleased to have agreed a sale with a neighbour already familiar with the area.

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Thousands of new homes on Green Belt in biggest shake-up for 30 years

Councils will be allowed 'to allocate appropriate small-scale sites in the
Green Belt specifically for starter homes', which are designed for young
families

Green belt land at Chipping Norton in the Cotswolds, Oxfordshire, with houses in close proximity to the unspoilt meadows

Green belt land at Chipping Norton in the Cotswolds, Oxfordshire, with houses in close proximity to the unspoilt meadows Photo: Alamy

Christopher Hope

By
Christopher Hope
, Chief Political Correspondent

10:30PM GMT 07 Dec 2015

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Thousands of new homes are set to be built on the Green Belt in the biggest relaxation to planning protections for 30 years.

A new Government consultation proposes to change strict rules that only allow building on the ribbon of greenfield land around towns and cities which prevents urban sprawl in exceptional circumstances.

Instead councils will be allowed “to allocate appropriate small-scale sites in the Green Belt specifically for starter homes”, which are designed for young families, the Government said.

The changes, which were published quietly on Monday, are likely to be seized on by developers which have long coveted the protected Green Belt land.

Planning reforms put green belt at risk, claims legal expertConservatives insisted that the green belt would be protected Photo: Alamy

The reforms are the first changes to the National Planning Policy Framework, which brought in a new bias in favour of development when it was introduced against the wishes of rural campaigners in 2012.

A requirement that land in the Green Belt which is lost to builders has to be replaced is not contained in the new changes. Instead this will be optional for local communities.

The consultation said: “We consider that the current policy can hinder locally-led development and propose to amend national planning policy so that neighbourhood plans can allocate appropriate small-scale sites in the Green Belt specifically for start homes.”

Local areas would have the “discretion to determine the scope of a small-scale site”, it said.

Figures obtained by The Daily Telegraph show that 15 new homes in England are now approved on Green Belt land every single dayFigures obtained by The Daily Telegraph show that 15 new homes in England are now approved on Green Belt land every single day Photo: Rex

The Campaign to Protect Rural England said the loosening of the restrictions would see thousands more new homes built on the Green Belt, which was introduced in 1955 to prevent urban sprawl.

A report from the CPRE published in March this year found that more than 219,000 houses were planned for England’s green belt, 60,000 more than in August 2013.

Paul Miner, the CPRE’s planning campaign manager, said the reforms amounted to “the biggest change in terms of housing, since probably the 1980s”.

He said: “We will probably see thousands more houses come through in the Green Belt as a result of these changes every year.

“The current policy isn’t working, but these proposals will make things worse. It could see a lot more planning battles in the countryside over coming years.”

Mr Miner said the CPRE would like anyone concerned about the changes to reply to the consultation. The deadline for responses is before the end of next month.

Clive Betts MP, the chairman of the House of Commons Communities and Local Government, said the consultation was “very worrying”.

He said: “I have no problem with a proper review of the Green Belt to see whether it is all appropriate or whether more should be added in.

“But that is how it should be done, not as a bit of opportunity to cherry pick the best sites by developers, which this sounds like it could develop into.”

He added that he was “concerned by the proposal and absolutely alarmed” by the “rushed nature” of the consultation over the Christmas period.

The changes were signalled by David Cameron in a speech in the West Midlands, in which he said he wanted to see nearly 200,000 “starter homes” built every year.

Starter homes are new homes for a first time buyers under the age of 40 which are sold at a 20 per cent discount from the market rate. They are properties worth no more £250,000 outside of London and £450,000 in the capital.

However the Prime Minister made no mention of the specific relaxation on protections for the Green Belt during his speech.

He said he these new “proposed changes to the National Planning Policy Framework” would make a “reality” of his plan to ensure more affordable homes were built.

The reforms “send a clear signal – to the councils that sign off developments, and the developers that build the homes”.

Chancellor Of The Exchequer George Osborne Chancellor Of The Exchequer George Osborne Photo: Bloomberg

Speaking in New York on Monday evening, George Osborne, the Chancellor, described the need to build more new homes as “a perennial British challenge”.

He said: “Because we are an island and because over many centuries our property laws have entrenched the rights of home owners it is quite difficult to build homes in Britain.

“Everyone is in theory in favour but no one wants them near them. The answer is going to be trying to get more homes built. I don’t want to give up on the aspiration of home ownership.”

A Department for Communities and Local Government spokesman said: “Planning policy maintains strong protections for the Green Belt.

“Our proposals only relate to housing that has been included in a neighbourhood plan, designed by the local community and approved by local people in a referendum.

“Ultimately our planning reforms mean that local people decide where developments should and shouldn’t go.

“We want to deliver the homes this country needs to ensure anyone who works hard and aspires to own their own home, has the opportunity to do so.”

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Are you a 'property millionaire'? Britain now has more than 620,000 million-pound homes

Number of home owners whose property is now worth at least £1 million
increases by 75,000 – or more than 200 a day – since January, analysis finds

The total number of property millionaires in Britain is now more than 622,000 Photo: GETTY

By Agency

12:01AM GMT 17 Dec 2015

More than 75,000 new "property millionaires" have been created across Britain during 2015 as house prices continue pushing upwards, according to a website.

The number of home owners whose property is now worth £1 million or more – making them property millionaires – has increased by 75,796 (or 14 per cent) since January, analysis by Zoopla found. The increase equates to more than 200 new property millionaires being created every day.

The increase in million-pound homes across the country takes the total number of property millionaires in Britain to 622,939 – and means that 2.2 per cent of all home owners have a property worth £1 million or more – Zoopla said.

20 ways to become a property millionaire

But in London, around one in eight (12 per cent) properties is now worth more than £1 million, as more modest homes in the capital increasingly come with price tags which were "once the exclusive preserve of stately homes or massive mansions", the website said.

More than eight in 10 (82 per cent) of all Britain's million pound-plus properties are in London and the South East.

Across the regions, Wales has the fewest million pound properties, at 1,404 in total, while London has the most, at 380,337.

The top 10 most affordable London boroughs in 2015

Westminster was named by Zoopla as the London borough with the highest number of million pound properties, at 51,607, followed by Kensington and Chelsea, which has 44,972 such properties.

The East of England and Yorkshire and the Humber were the regions with the biggest percentage increases in the number of property millionaires over the last year, with uplifts of 28.3 per cent and 24.4 per cent respectively.

There are 46,863 property millionaires in the East of England, while there are 3,041 in Yorkshire and the Humber.

Scotland has seen a 4.5 per cent fall in property millionaires over the last year, with the number now standing at 8,893.

Which regions have most 'property millionaires'?

The number of home owners whose property is worth £1 million or more has risen by 14 per cent since January, Zoopla said.

Here are the numbers of property millionaires across Britain according to Zoopla, with the percentage change over 2015:

  1. East of England – 46,863, 28.3pc
  2. Yorkshire and the Humber – 3,041, 24.4pc
  3. East Midlands – 4,284, 22pc
  4. North East England – 3,540, 19.7pc
  5. South East England – 133,063, 19.7pc
  6. South West England – 22,896, 18.4pc
  7. West Midlands – 7,306, 14.5pc
  8. Wales – 1,404, 11.4pc
  9. London – 380,337, 9.8pc
  10. North West England – 8,412, 8.2pc
  11. Scotland – 8,893, minus 4.5pc

London boroughs with most 'property millionaires'

Here are the London boroughs with the highest numbers of property millionaires, according to Zoopla, with the percentage change over 2015:

  1. Westminster – 51,607, 0.9pc
  2. Kensington and Chelsea – 44,972, 0.6pc
  3. Camden – 33,902, 9.5pc
  4. Wandsworth – 30,605, 3.6pc
  5. Hammersmith and Fulham – 29,396, 5.4pc
  6. Richmond upon Thames – 21,020, 6.1pc
  7. Islington – 20,829, 9.8pc
  8. Barnet – 19,714, 8.8pc
  9. Lambeth – 15,586, 13pc
  10. Southwark – 14,669, 31.8pc

Zoopla used data from its own website to make the findings.

Spokesman Lawrence Hall said: "It's interesting to see that areas such as the East of England and Yorkshire have seen bigger percentage rises in the numbers of property millionaires over the last 12 months compared with the south, which typically dominates each year.

"However, the number of properties valued at more than £1 million in the south still outweighs the rest of Britain, boosted by wealthy hotspots such as Kensington and Chelsea and Westminster."

Mapped: London boroughs you can no longer afford
The most expensive streets in England and Wales

He added: "With an improving economy and the ongoing lack of housing supply, this continues to put upward pressure on house prices at all levels of the market and has nudged a whole new raft of properties over the £1 million mark.

"A price tag that was once the exclusive preserve of stately homes or massive mansions is now an increasingly common label for more modest houses, particularly in the capital."

Calculator: When can I afford to buy a house?

Calculator guide

  1. House price today: Pick your desired location for an average house price, or you can enter any value you please up to £999,999.
  2. Desired deposit: What percentage of the house price you want or need to save – remember this can be as little as 5pc with Help to Buy.
  3. Annual savings: The average you think you can save per year – if you're not saving much but will be, then put an overall expected average.
  4. Total start amount: How much money you have already got saved.
  5. Total assistance available: How much you will be given towards a house by family or other sources. Don't include Help to Buy here; to factor that in, drop the deposit amount instead.
  6. Annual house price inflation: How much house prices will go up per year. The Office for Budget Responsibility average for the next five years is around 5pc, which is the default here, but change it as you please.
  7. Attitude to risk: This is how willing you are to take risk with your money through investing. The low figure would be if you were sticking to Isas and savings accounts with little to no investment. Medium would involve investing in some stocks, funds or other risk taking options, but steering clear of anything too risky. High would involve taking a significant amount of risk with your money, but with greater potential returns.

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Paris chateau sold for £200m is 'world's most expensive home'

Chateau Louis XIV, a 50,000 sq ft palace that Kim Kardashian considered as a
potential wedding location in 2013, said to have been purchased by a Middle
Eastern buyer who requested anonymity

Chateau Louis XIV, a 50,000 sq ft palace that sold for £200m

Chateau Louis XIV, a 50,000 sq ft palace that sold for £200m

Henry Samuel

By
Henry Samuel
, Paris

8:38PM GMT 16 Dec 2015

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A vast mansion built from scratch in just three years outside Paris has become the world’s most expensive home after reportedly being sold for €275 million (£200 million).

Chateau Louis XIV, a 50,000 sq ft palace that Kim Kardashian considered as a potential wedding location in 2013, is said to have been purchased by a Middle Eastern buyer who requested anonymity.

Situated between Versailles and Marly-le-Roi, the 17th century-inspired home has indoor and outdoor pools, a private cinema, a squash court, two ballrooms and a nightclub.

Chateau Louis XIV, a 50,000 sq ft palace that sold for £200mChateau Louis XIV, a 50,000 sq ft palace that sold for £200m

There are 10 bedroom suites, a grand reception room with a 52ft-high frescoed dome ceiling, a library, a wine cellar with space for 3,000 bottles, and a “meditation room” under the moat circled by an aquarium with huge sturgeon inside.

The property, built on grounds that once housed the Swiss Guards ensuring the protection of Louis XIV, pays various tributes to France’s Sun King.

In the grounds of the 23-hectare estate is a 1.2 mile maze with a three quarter-sized replica of the Chateau de Versailles’ fountain of Apollo, whose statues are covered in gold leaf.

The façade has a genuine monumental bronze and enamel clock identical to the one on the façade of Versailles.

It is the work of Saudi developer Emad Khashoggi who employed 200 people to spend three years building the property on the outskirts of Paris.

Chateau Louis XIV, a 50,000 sq ft palace that sold for £200mChateau Louis XIV, a 50,000 sq ft palace that sold for £200m

The mansion was completed in 2011 after three intense years of building. “We did in three years what took 50 at Chateau Vaux-le-Vicomte,” one builder told Capital magazine. Much of the construction respected 17th century techniques.

It had been empty for three years awaiting a buyer.

Mr Khashoggi's company, Cogemad, used 13 types of marble and 15,000 sheets of gold while it is thought there are 650ft of leather-embossed books on the shelves.

Chateau Louis XIV, a 50,000 sq ft palace that sold for £200mChateau Louis XIV, a 50,000 sq ft palace that sold for £200m

“With elegantly planted parterres, a gleaming gold-leafed fountain, an infinite array of flowers, marble statues, bridle paths and a hedged labyrinth, the property’s park and gardens evoke the genius of Le Notre, ” developer Cogemad said on its website, referring to the King Louis XIV’s gardener.

Security is high, with 40 state-of-the-art surveillance cameras which can be viewed from around the world via iPad as well as a hi-tech alarm system.

Chateau Louis XIV, a 50,000 sq ft palace that sold for £200mChateau Louis XIV, a 50,000 sq ft palace that sold for £200m

“The automated hi-tech controls are incorporated with the utmost discretion, blending invisibly with the interior’s breathtaking Grand Siècle décor,” said the website.

The astronomical sale was sealed by Christie's International Realty, according to Bloomberg.

The €275 million price tag, which the agency said was confirmed by two sources, trumps the £140 million paid for a penthouse in One Hyde Park last year. There are homes in London that are more valuable, but they have not been sold in recent years.

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Wapping refers to the wappa’s place. This place was initially inhabited by the sailors. It is because of situation of wapping near the river area. The history of wapping tells more about sailors, seafarer trades, property in wapping and many more. Till the middle of twentieth century, this place was inhabited by the sailors and the connected seafarer trades. The sea criminals and pirates are killed at the notorious execution dock. You can still see the replica near whit by pub area. In 1762, bell inn’s daughter Elisabeth bats’ married the famous James cook.

The history of wapping says that, in 1798, the police force has been formed. This marine police force is now famous as a “marine police unit”. In 19th century, the large docks and warehouses were being built with the expansion of the trade. In this area, trade flourished due to the industrial revolution. Industrial revolution has played a vital role in the expansion and development of wapping. Due to this, even the rates of the property in wapping also started to rise. Unfortunately, in 1869, wapping has suffered heavily due to the Second World War. In World War II, wapping was bombed heavily.

According to the history of wapping, after World War II this place remained quite neglected till twentieth century. Later, lots of warehouses were being renewed into a luxury flats. Today, this place is gaining a major tourist attraction. The properties vary from warehouse, new building, and local authority and conversions developments. The famous pubs in London are situated in this place. It has the one of the best riverside pubs. Especially, its whit by wapping gives a village feel to all its visitors. Wapping is also famous for having the fantastic and world famous restaurants. Majority of the visitors love to visit its art gallery and restaurants.

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Home is where the heart is, and it is important that you live somewhere that you can relax and unwind in. Ideally you will want to find somewhere affordable, somewhere with good connections, plenty of things to see and do in the area and somewhere that you can work too. The capital is somewhere that can tick all of these boxes and more, and London is somewhere that everyone should live at some point in their life. It has an amazing amount to offer and people come from all over the world to soak up the culture and atmosphere that this beautiful city has to offer.

If you are claim housing benefits then you may find it difficult to find a letting agent or landlord that says yes to DSS, and this can be extremely frustrating and disheartening. So, what can you do if you receive financial housing benefits and you are looking for a property somewhere in the capital? Instead of spending hours on end looking around for properties where the landlords or letting agents say yes to DSS, instead you can find web portals online where all of the properties will be available to you. This means that you will never have to be disappointed to hear that you cannot rent the property, and also it will save you a huge amount of time trying to find somewhere suitable to live.

 

Quickly and Easily find a Range of Properties

So you can now easily find a property that is perfect for you from private landlords and agencies, and this is thanks to property portals that list places for DSS tenants. With some of these property portals for DSS tenants you will find them incredibly easy and straightforward to use too, with a lot of them being updated daily, so remember to keep checking back if you haven’t found anything yet. You will find all kinds of fantastic properties available to rent all over London, so whatever size or type of home you are looking for you should be able to find one that is just right.

 

It makes the whole process very smooth and efficient, and before long you will be ready to move into your new home in the fantastic city of London, so if you are looking to rent and you are a DSS tenant then be sure to visit one of these portals to find what you are looking for.

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Location, Location, Location

Anyone who has ever been involved in the property market, or has even seen any of the plethora of home hunting shows on TV, will tell you that a property becomes far more attractive and therefore also more popular if it is in a favourable location. It is this fact that explains the enduring popularity of houses and apartments in England’s capital, as the city has long been a dream destination for thousands of people looking to relocate to a bustling and important location. This in turn therefore means that flats in London for rent are perennial highly sought after, but trying to find such a property does throw up a number of challenges which are almost entirely specific to home hunting in the capital.

Different Challenges of Finding a 2 Bedroom Flat in London

When a person is looking to find 2 bed flats normally there biggest difficulty is finding any appropriate properties in their area of search, but this is not the case when searching for a 2 bedroom flat for rent in London as there are typically a plethora of relevant abodes on the market. This plentiful supply of apartments therefore, makes the home hunting process significantly different in that the main challenge now becomes that of accurately and efficiently searching and sorting through the many available abodes to find those which are most suitable. It is when this does become the main challenge therefore, that using the internet to aide your property hunt becomes a far more viable and useful option.

Home Hunting Online

There are a number of ways in which using the internet can aide a property search such as in allowing for preliminary research into issues such as house prices, school catchment areas and transport links. However, as mentioned above, it is in the area of searching for and filtering out potential properties that the internet really comes into its own as a resource thanks to websites like Regionproperty.co.uk. This is a website which has collected together thousands of property listings from a variety of agents and vendors all into one easily accessible online database. This database is searchable by visitors to the site who can apply parameters such as deal type, price range, region and number of bedrooms using the search tool to filter out any unsuitable flats for rent allowing them to peruse just the potentially applicable new homes.

How is This Advantageous?

You may well ask having read about how you can use the internet in a property hunt, how and why this is a better option than a traditional search for a new home, and this is a perfectly relevant question. The answer is quite simple, and is purely the fact that sites like the one mentioned above can make the process of discovering the perfect 2 bed flat in London achievable in a much shorter period of time, as it can be achieved in the comfort of your own home through the use of one single website.

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Stepping into the world of property development and management can lead to a full-time career that is both challenging and highly rewarding; however, considering such a bold move and embarking upon such a potentially risky venture should not be done without a great deal of thought.

 

For those contemplating entering the world of property development and management, there are certain ways to maximise one’s chances of success.

 

Using an umbrella company

 

There is no doubt that working in the property development industry takes a considerable amount of time and that there are also many pitfalls, which is why professionals need all the help they can get. Using an umbrella company is a great way to relieve unnecessary pressure from those working in the industry. In recent years, umbrella companies have become integral in the success of many businesses, including those specialising in property development and management. An umbrella company lightens the administrative load for such managers that would otherwise take up valuable time. Such companies handle typical administration functions such as payroll, human resources, and tax preparation for their client companies.

Doing your homework is essential

Property development is a chancy venture where one can make a fortune or lose everything in a single deal. It is an extremely capital-intensive investment and the sums must always be right. Doing one’s homework thoroughly before purchasing a property is essential. Learn about the prices of similar properties in the same area, how much searches, fees, and stamp duty will be. What is the cost of refurbishment? Does the property have any serious issues? Knowing as much as possible before the purchase is integral.

Location is crucial, but not why most people think

 

Everyone has heard the phrase, ‘location, location, location,’ but they may not really understand what it means. When it comes to selling property, those in close proximity to green areas, public transport, and schools are more profitable as that’s where the buyers will want to be. However, as a property developer, purchasing a property in a good location does not mean that it is located in the best part of town. It usually means a high purchase price and very little room for profit. For many property developers, it may be wise to purchase on the peripheries of a good area that, eventually, will become part of that more desirable area.

When the money is made

A common myth in the property development industry is that developers make money when they sell. There is an element of truth to this myth; however, the real money is made when they buy. This is precisely why it is so important to find the right property and pay the right price for it. Never pay top price for a property, no matter how good it is – that just makes the profit margin even slimmer. It also helps to find the right seller. Motivated sellers are more willing to accept a good price because they really want to move the property. Remember, spending as little as possible up front will always improve one’s profit

Moving into the property development and management business is not a simple career change, but when it goes right it can be extremely lucrative and rewarding, however, when it goes wrong, it can go very wrong. It could potentially make or break an individual or business. So, always proceed with caution.

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Most businesses and organisations rely heavily, if not completely, on the premises from which they operate for their daily income. If anything happens to these premises to affect a business’ use of it, it can have serious and fast acting consequences.

So to make sure that your company doesn’t get caught out in the cold, here are four of the most common corporate property problems to watch out for.

 

1. Boundary disputes

Boundary disputes can affect all sorts of properties from commercial premises to residential homes and are often minor disagreements that are easily solved. However, if a resolution can’t be reached to everyone’s satisfaction, solving the problem can get complicated.

To find out more have a look at Dewar Hogan’s case studies about commercial property disputes.

 

2. Building alterations

In order to keep their commercial premises looking great and working well, most businesses will, at some time, probably want to make some alterations to the inside or outside of their building.

However as many leases contain restrictions on alterations, this can be an issue. In order to avoid further problems, check the restrictions carefully, look for covenants on the building, and always seek legal advice if you’re unsure.

 

3. Commercial lease renewal

At some point your commercial lease is going to be up for renewal and unless you and your landlord can agree on new terms, you could be facing a long and drawn out process to find a solution.

The exact path that you take will depend on whether your lease has a Security of Tenure or not and whether either party has started legal proceeding. The best way to ensure that the dispute doesn’t become too lengthy is to seek professional advice promptly and to start legal proceedings if necessary.

 

4. Rights of light

Whether you use your premises as an office or as a retail space, having natural light coming in through your windows will make life easier for everyone.

And in fact you have a right to light under the law. So if a neighbour or new developer moves in and blocks your light, you have the right to object and to seek legal advice in order to get the matter resolved.

Dealing with property disputes can be stressful and time consuming so if you’re not sure of what to do next, always contact a professional for advice.

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Properties in Bolton fluctuate in value significantly depending on where exactly you’re looking to make an offer. What’s worth noting is the the Bolton area is much wider than you may think, spanning from Tottington – near Bury – over to Horwich and Blackrod. In all, Bolton and its surrounding villages (collectively known as the Metropolitan Borough of Bolton) span an area of just under 140 km². That’s plenty of space to find the right property for you.

 

Regal

If one is looking to settle down, there are a few illustrious areas of Bolton that you should be aware of.

Lostock is one of the best areas for detached housing, thanks to its slight demarcation from the rest of Bolton. There are no major traffic routes through Lostock, meaning that a homeowner can quite easily maintain the illusion of rurality without the inconvenience of typically rural inaccessibility.

The general price range for detached houses in Lostock is between £500,000 and £1,500,000, meaning it is more ideal for house hunters on the prowl for a permanent property.

Other opulent villages include Westhoughton, which is another quiet suburb, only with a more reasonable price range. Detached and semi-detached housing ranges from £150,000 up to £500,000, whereas flats and studios usually come in below £80,000. Markland Hill offers a welcoming community and impressive housing, while being situated only 2.5 miles away from Bolton Town Centre.

 

Budget

When it comes to looking for a home, price is often far more important than the view. Bolton also offers some great properties for the aspiring budgeteer; you just have to know where to look.

One of the current property value hotspots is Farnworth, a small town that lies on the River Irwell and the River Croal. It lies just north of junctions 3 and 4 of the M61, making it an ideal residential spot for those who work in Manchester. Houses start at around £60,000 and rarely cross the £100,000 mark, while rentals average at around £400 pcm.

Kearsley is a little closer to Manchester, providing better access to roads at a very similar price. However, it has fewer properties available than Farnworth, most of them being flats or apartment, since Kearsley is a more urban district.

These areas of Bolton are ideal for renting, especially if you’re going to be spending most of your time out of town working.

Whatever your budget, Bolton is a great area to consider, either as a temporary solution or a long-term fix for your current accommodation.

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There has been discussion recently into the ‘rip off’ fees that some letting agents charge their tenants, with the Commons Select Committee on Communities and Local Government accusing some of charging unjustifiable fees to renters. Shelter reported that the average fee for tenants was £350, not including deposit and rent. Once more, a third of agents were charging more than £400, in some instances paying as much as £700.

But a new company called Lets Rent wants to change the way the letting market operates. Lets Rent is a cloud based online letting agent that helps both landlords and tenants through the letting process.

Moving home is already an expensive time, and many argue that letting agent fees are often inflated and unjustified. Lets Rent believe that this is unfair, and so charge tenants a flat referencing fee of just £85, with no hidden charges whatsoever. This is up to 75% cheaper than the national average.

Once more, all of the tenant’s paperwork is stored in their profile on the cloud based system, speeding up the process, making it easier for them to complete reference checks and transfer money, and have all their contracts stored in one place.

Not only does it significantly benefit the tenants, but it is also a completely free service for landlords to use, avoiding the huge fees that property investors can face when letting their property through traditional agents. It allows landlords to advertise on the major websites (including Zoopla, Gumtree, and Primelocation, etc.), sets up communication between landlord and potential tenants, and manages all the paperwork digitally. After a simple sign-up process, a property can be uploaded in minutes, and all contracts and paperwork are signed digitally and stored in the user’s profile.

The online letting agent are members of the regulating bodies The Property Ombudsman and ARLA (Association of Residential Letting Agents), and the service is available for all landlords and tenants nationally in England and Wales. The founders, Richard Cook, Oliver Fitzpatrick, and Andrew Dawes, have experience on both the landlord and tenant side of the letting process, and thought a change was needed.

Oliver Fitzpatrick, Director of Lets Rent, commented: ‘Our aim is to revolutionise an out-dated letting market by offering a free service for landlords and a fair price for tenants. Landlords can mount up huge agent fees, which eat into their investment returns, sometimes thousands of pounds in locations such as London. Likewise, tenants can run up hundreds of pounds in fees which are totally unwarranted and cause aggravation. We created a simple system which remedied both these problems.’

For more information please visit www.lets-rent.co.uk for more information, or contact 0161 401 4008 to chat with a member of the team.


Press release distributed by Pressat on behalf of Lets Rent, on Tuesday 23 July, 2013. For more information visit http://www.pressat.co.uk/

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Main Features

• New Development
• One Bedroom
• Currently unfurnished
• Additional Charges Apply
• Date available: 15/07/2013

An unfurnished one bedroom apartment on the first floor (with lift) of this brand new residential conversion in Blackfriars. Internal floor space extends to some 476 sq ft (44 sq m) and accommodation comprises entrance hall, reception room with open plan kitchen, main bedroom, shower room. High specification to include air conditioning, oiled oak floors, high gloss kitchens with composite stone worktops and stone bathrooms. Photographs depict the show apartment.
For further details please refer to www.florencehouse-ec4.co.uk

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Welcome to the weekend! We’ve compiled a post detailing all the events taking place in your area, so you can plan how to spend your well-deserved break.

Wimbledon

The ladies’ singles final is taking place this Saturday afternoon, whilst the gentlemen’s will be held on Sunday. Even if you don’t have courtside tickets, you can still enjoy the dignified sporting atmosphere in the Duke of York Square – a 14ft screen will broadcast the finals for intrepid fans to watch. Relax in the summer sun on the 5th, 6th and 7th of July – chairs and tables will be provided. Even better, bowls of strawberries and cream will be on sale – it’s just not Wimbledon without the iconic dish! The Pommery champagne tent will provide you with a glass of bubbly, to complete your Wimbledon experience.

Ampersand Hotel

Not a fan of the great outdoors? Then why not pay a visit to the Ampersand Hotel, who are hosting a tennis-style afternoon tea until Monday 8th July. From 2.30pm to 5.30pm, you can devour some delicious-sounding treats, including raspberry pistachio profiteroles, vanilla almond tea cakes, tennis racket shortbread, and yoghurt ganache macaroons. Still not convinced? Are savoury snacks such as Gloucester old spot ham with sauce gribiche; Seven & Wye smoked salmon with dill and cream cheese; and coronation chicken and cheese with fruit chutney enough to tempt you? What about white chocolate scones and a glass of champagne? Relax in the comfortable couches of the boutique Drawing Room with a cup of tea, and treat your taste buds whilst surrounded by luxury. [Image credit: Ampersand Hotel]

 

Today marks the start of the Barclaycard British Summer Time taking place at Hyde Park. Friday’s line-up includes the Kaiser Chiefs and Bon Jovi, among other smaller British bands. Saturday’s concert, meanwhile, boasts the Rolling Stones and The Temper Trap. Big names on Sunday include The Saturdays and JLS. Apart from the musical performances, there will also be comedy events, stage plays and cooking demonstrations.

The Gruffalo, a music stage adaption of the popular children’s book, will take place on Sunday at 1.30pm – a treat for the young and old. For the more science-minded, the Braniac Live Science Abuse show will be held at 2pm, also on Sunday. The show encourages audience engagement and participation, and features exploding dustbins and combusting microwaves, among other exciting experiments. There certainly won’t be a dull moment!

The Pheasantry

Back to the Musicals: The 80’s is a show that celebrates the biggest hits and misses of 1980’s musicals, performed by rising stars on the West End circuit. Doors open at 6.30pm and the show starts at 8pm. The Pheasantry is located at 152 Kings Road in Chelsea. If you’re in the mood for a blast from the past, then don’t miss this performance!

Michael Hoppen Gallery

A collection of vintage prints by Swedish photographer Gunnar Smoliansky will go on display at the Michael Hoppen Gallery, starting today. This is the first time that his work is being exhibited in the UK. The show is entitled “One Picture at a Time” and will run until 30th August. Entrance is free, and the gallery is open from 9.30am to 6pm. Described as “An artist constantly finding the extraordinary within the ordinary of their everyday,” this is sure to be a fascinating display.

Designer Sales

Designer Sales UK are holding their summer sale event this Saturday at the Chelsea Old Town Hall. Starting at 11am and ending at 6pm, this shopping extravaganza promises designer items with up to 90% off. Apart from the gorgeous garments, there will also be professional stylists on hand to help you find the perfect piece to complement your wardrobe. Entry price is a £2 or £1 concession on the door.

From all of us here at Douglas and Gordon, we hope you have a fantastic weekend!

Don’t forget to like our Kensington, South Kensington, Kensington Gate and Notting Hill Facebook pages, to stay up to date with local area news and our property of the week!

From douglasandgordon.com

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Construction levels and new-build prices will rise this year, according to developers and housebuilders surveyed for Knight Frank’s annual Housebuilding Report.

 

The report  findings are based on a wide-ranging survey of the housebuilding industry, with more than 100 respondents. After the Budget in March, some respondents were asked for their reactions, and these results are also included in the report.

The Government’s multi-billion Help to Buy scheme has boosted buyer interest levels since its introduction at the start of April, housebuilders say. This is reflected in the survey, which shows that the proportion of respondents expecting a rise in new-build activity this year rose from 69% before the Budget to 75% afterwards. However it is unlikely that the pick up in activity will bridge the wide housing supply gap still in evidence across the UK.

More than half of respondents also expect new-build prices to rise in 2013, with 15% expecting prices to climb by between 5% and 10%, and there is also an expectation that development land values will climb too.

The report also shows levels of demand for different types of housing, and while buyer interest is still highest for three-bedroom family homes, there has also been a notable rise in demand for apartments – suggesting some return of the city centre markets which have been very muted since the financial crisis.

The sector is still facing some headwinds however. Housebuilders identify a lack of development funding as one of they key risks to the sector, and also raise concerns about the new planning framework and the introduction of the Community Infrastructure Levy (CIL).

The Housebuilding Report examines these factors in more detail.

More information from – http://www.knightfrankblog.com/global-briefing/news-headlines/housebuilding-report-outlook-for-the-sector-in-2013/

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