St Ives's decision to ban the sale of new builds to second home buyers has only pushed up prices. Second home sales are at a record low – and yet, the housing crisis is more acute than ever. In Cornwall, where 20pc of all second homes sales took place over the past decade, 27,000 planning consents for homes have … [Read more...]
Bungalow wars! Downsizers are in bidding battles against young families as prices soar
The humble bungalow is hot property. One in Dorset just sold at £15,000 over the asking price, another at £10,000 over the guide price last week in West Sussex, and a few days ago a fixer-upper on the Kent coast went for £10,000 more than its price tag. They were once seen as dowdy homes for the elderly but now young … [Read more...]
Why Cardigan, Ceredigion, is one of the best places to live 2024
Cardigan is full of surprises. Once one of the most important ports in Wales, with a thriving shipbuilding industry and seven times as many ships registered there as Cardiff, today the town on the River Teifi is busy with paddleboards, kayaks and sailing boats, and a community buzzing with creativity. A cowshed on the … [Read more...]
Why Narberth, Pembrokeshire, is one of the best places to live 2024
A high-class high street is the main attraction in this posh but practical town High streets across the UK may be struggling, but not in Narberth. This colourful market town continues its upwardly mobile march. The turbocharged town centre now has both the Small Luxury Hotel of the Year 2023 (The Grove) and one of … [Read more...]
Where to buy a house in 2024 — the best places to invest in the UK
How do you spot the next big thing? Whether you are a first-time buyer or an investor, wherever you are on the property ladder, everyone wants to back a bricks-and-mortar winner. But which towns, villages and city neighbourhoods will be the best places to live in the future? The Sunday Times has identified 25 … [Read more...]
Call for Vat Reduction on Property Renovations
As the Spring Budget approaches, there is a growing call for Chancellor Jeremy Hunt to address the VAT disparity affecting property renovations compared to new builds. Carol Peett, managing director of West Wales Property Finders http://www.westwalespropertyfinders.co.uk, advocates for a change, suggesting renovations … [Read more...]
Buy to Let or Holiday Let?
Until last week holiday lets offered landlords a small boon amid the relentless squeeze on buy to let investments. While landlords in general have been forced to grapple with rising taxes and dwindling tax benefits, which eat into their profits, holiday let owners have benefitted from much more generous … [Read more...]
How Britain’s homes are slipping into the Sea
Homes across Britain are sliding into the sea as the cliffs beneath them rapidly erode away - amid fears recent storms are speeding up perilous coastal erosion. Families in Norfolk, East Sussex, Essex and East Yorkshire are terrified that their houses could plunge hundreds of feet into the water at any moment as the … [Read more...]
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