A garage hitting the market with a staggering £525,000 asking price in upmarket Knightsbridge, West London, has prompted a look for the cheapest homes for sale in the capital.
For homeseekers looking to buy outright, the cheapest home for sale in London is a one bed renovated houseboat in the Paddington Basin is on the market for £41,000, according to online property portal Rightmove. Continue reading London’s cheapest home is a £41,000 boat
Housing minister Grant Shapps has accused Newham Council, East London, of ‘playing politics with peoples’ lives’ over a radical plan to shunt homeless families out of the capital because benefit caps do not allow them to move in to local buy to let properties.
The council has a housing waiting list of 32,000 people and claims cuts to housing benefits mean tenants can claim a monthly allowance of between £250 for a one-bedroom flat and £400 for a four-bedroom property. Continue reading Newham council wants to traffic tenants out of London
London is still blazing the way from property prices with homes increasing in value by an average 2.7% over the past year, according to the latest Land Registry figures.
The capital is the only place in the country where prices are rising – with the average drop for the rest of England and Wales hitting 2.6%.
This adds up to just over a 5% price gap for a similar house outside London compared to in the city. Continue reading London Property Prices are Still Rising, says Land Registry
"London could see a 140% rise is house prices"
Property investors are ready to see prices at least double in some London hotspots, according to estate agents Knight Frank.
Some neighbourhoods may see prices shoot up by up to 140 per cent by the end of 2016, says the study.
The findings reveal different price drivers for neighbourhoods across the capital – but two main factors that are due to influence prices are the Crossrail project and redevelopment of the landmark Battersea Power Station. Continue reading London Property Prices Set for 140% Increase
Car parking spaces in plush Knightsbridge are selling for more than the average price of a house in the rest of the UK.
The underground spaces, measuring 19 feet by 8 feet regularly make more than the Land registry average for a home of £161,823, according to top people’s estate agent W A Ellis. Continue reading Parking spaces cost more than many homes in London