It's very Game of Thrones...
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Saturday, November 16, 2019
Friday, November 15, 2019
'My flat was £161,950 in 2007 – now I'm offered just £28,000'
Some apartments from Britain’s biggest retirement builder have dived in value due to hefty charges
When Tony Cross’s father was the first buyer at a McCarthy & Stone retirement development in Folkestone, Kent, he thought he was getting a bargain. The sales rep offered him an “early bird” discount, knocking £3,000 off the cost of a one-bed flat, selling it to him for £161,950 in 2007. But since inheriting it four years ago, Cross has been unable to find a buyer, and is considering selling it to a “buy it now” company – for just £28,000.
How could a relatively newly-built apartment in good condition, with more than 100 years remaining on the lease, collapse in value so spectacularly? The average apartment in Folkestone has gone up in price from £137,000 to £162,000 since 2007 – so why is the McCarthy & Stone flat potentially going for less than the price of a garage in the seaside town?
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8 top tips for financing a property purchase Nottingham Estate Agents
A property to live in is probably the most valuable item you will ever buy. According to the UK’s House Price Index cash sales account for between 30% and 40% of transactions at Great Britain level. Unless you are fortunate enough to have the whole amount in the bank, you will need to borrow a […]
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Record numbers of young adults in UK living with parents
ONS notes 46% rise since 1999 in number of 20 to 34-year-olds returning home
Record numbers of young adults in their 20s and 30s are living with their parents, according to official figures, with critics blaming soaring house prices and rents.
The Office for National Statistics (ONS) said that over the last two decades, there has been a 46% increase in the number of young people aged 20-34 living with their parents. Over the same period, average house prices have tripled from about £97,000 to £288,000.
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Let’s move to eastern High Weald, East Sussex and Kent: not fashionable, but fabulous
It might be under the radar but it’s packed with magical old villages and market towns
What’s going for it? Rudyard Kipling came to the eastern High Weald to escape. It’s that kind of place. He was, at the time, perhaps the most famous author in Britain. So famous, in fact, that after publication of The Jungle Book, coach parties would come daily to gawp at his family home in Rottingdean. After the untimely death of his daughter Josephine, this became intolerable, so in 1902 he bought 33 acres in Burwash as a comfort blanket in which to hide away. He chose well. The eastern High Weald is at once in the thick of things, London on its doorstep, yet when you’re standing in a field off the B2096, you might as well be in the Gobi desert. Unlike the western Weald, sliced by the A23, gouged by Gatwick and carpeted with commuters’ suburbia, its other half south of Tunbridge Wells is somehow under the radar, spurned by today’s escapees for more fashionable spots such as Hastings. What a treat they’re missing, this area of outstanding natural beauty, without any big moves but instead gazillion square miles of deeply English landscape: wooded hills, duck ponds, oast houses and tile-hung villages, as if art-directed for Country Life. Kipling country.
The case against Conservative with a small c, though you can find edgier spots deep in its folds. Not cheap, though mildly cheaper than many other places hereabouts.
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Let’s move to eastern High Weald, East Sussex and Kent: not fashionable, but fabulous
It might be under the radar but it’s packed with magical old villages and market towns
What’s going for it? Rudyard Kipling came to the eastern High Weald to escape. It’s that kind of place. He was, at the time, perhaps the most famous author in Britain. So famous, in fact, that after publication of The Jungle Book, coach parties would come daily to gawp at his family home in Rottingdean. After the untimely death of his daughter Josephine, this became intolerable, so in 1902 he bought 33 acres in Burwash as a comfort blanket in which to hide away. He chose well. The eastern High Weald is at once in the thick of things, London on its doorstep, yet when you’re standing in a field off the B2096, you might as well be in the Gobi desert. Unlike the western Weald, sliced by the A23, gouged by Gatwick and carpeted with commuters’ suburbia, its other half south of Tunbridge Wells is somehow under the radar, spurned by today’s escapees for more fashionable spots such as Hastings. What a treat they’re missing, this area of outstanding natural beauty, without any big moves but instead gazillion square miles of deeply English landscape: wooded hills, duck ponds, oast houses and tile-hung villages, as if art-directed for Country Life. Kipling country.
The case against Conservative with a small c, though you can find edgier spots deep in its folds. Not cheap, though mildly cheaper than many other places hereabouts.
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Thursday, November 14, 2019
Family homes for first-time buyers – in pictures
Get your foot on the property ladder with these starter homes, from Devon to Aberdeenshire
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