Homehunters need to see at least eight properties before deciding to buy: Property news roundup
Plus, selling times in Glasgow, and bridging finance figures
Alex Johnson has been part of The Independent's online team since 2007. He has been writing about microarchitecture on his internationally-acclaimed Shedworking blog since 2006 and is the author of Shedworking: The Alternative Workplace Revolution. His latest book is Bookshelf, published by Thames & Hudson.
Monday 07 July 2014
A third of homehunters take two to three months to choose their next home, says a new report, with more than half knowing they've found the right one during their first viewing.
The study from E.ON also shows that those looking to buy need to visit eight homes before plumping for one, with only eight per cent saying they would be happy to buy the first house they see.
Three per cent of buyers even say they feel they know the property is the 'right on' as soon as they are aware of it being on the market.
The survey of over 2,000 adults suggests that location ranks highest when making a property purchase with three quarters making it the key factor, followed by mortgage costs (56 per cent), size (53 per cent) and the amount of work needed on a property (40 per cent).
In terms of energy efficiency, over three-quarters of first time buyers say it's very important, while most people feel that a new build will be the most energy efficient type of property (85 per cent) and Edwardian homes least (two per cent).
Indeed, a separate report by Ocean Finance shows that one in eight people admit that their home lacks energy efficiency and has poor insulation. Of those who had invested in improvements, 79 per cent had installed double glazing, two thirds had put in loft insulation, and just over half had fitted a more efficient boiler.
Two thirds of those asked said that the best thing about owning a property is the long-term investment potential and the security of knowing you won't have to move unless you want to. A quarter also said that being able to get a pet was an important reasons to buy.
Selling homes in Glasgow
House prices in Glasgow and the west of Scotland rose by five per cent in the last three months while selling times fell by almost 20 per cent compared to this time last year, according to figures from the Glasgow Solicitors Property Centre. Properties are now selling faster than at any time since 2008.
The average number of days it takes to sell a home in the West of Scotland is now 73, less than half the time it took to sell a house in 2011
"Falling selling times, moderately rising prices and a rise in the number of homes being put up for sale are all welcome signs of an improving market," said GSPC Chief Executive, Mark Hordern. "But it’s important to put this recovery into context. House prices today in the west of Scotland are still, on average, 12 per cent below their peak. And sales are still significantly below their long-term average. It will take a good deal more improvement before we can say that the market has recovered."
Help to Buy has provided less than half the funding for new homes in its first 14 months than alternative finance, according to West One Loans.
Its figures show that while the first phase of Help to Buy has delivered equity loans worth £941 million, over the same period, gross lending via the bridging loan industry has totalled £2.38 billion.
"New homes are the fundamental fuel of a healthy property market so the government and Bank of England are right to highlight the dangerous squeeze in the supply of property," said Duncan Kreeger, director of West One Loans.
"But there are other ways to supply new homes. We need to make far better use of the buildings we already have. Thousands of under-loved and under-occupied properties are still left waiting for refurbishment or conversion. Property developers and potential landlords just need the right sort of finance to get these empty offices or dilapidated blocks of flats to a decent standard and on the market. Flexibility is king and government schemes can only do so much."
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize
A three-bedroom red-brick cottage with outbuildings and pretty gardens, £200,000
This three-bedroom flat within a former textile factory spans the corner of the fourth floor and has a balcony
A charming four-bedroom Oxfordshire cottage with oak floors and chunky-beamed ceilings, £465,000
A beautiful one-bed flat in a sought-after portered block, with access to Norland Square communal gardens
A one-bedroom flat within a Sixties school conversion with high-spec design and open-plan kitchen, close to Lambeth North Tube, £435,000
A 17th century four-bedroom house, with open fireplaces, cellar and pool, £600,000
A three-bedroom, coach house with luxury open-plan living space and contemporary breakfast bar
A newly refurbished one-bedroom flat in the heart of Mayfair, close to Grosvenor Square
A charming four-bedroom house overlooking Burleigh Square Park, close to Thorpe Bay
A three-bedroom farmhouse with a large inglenook fireplace and exposed beams
A boutique mews house, set around a central courtyard, with three bedrooms and a private roof terrace
A four-bedroom farm-conversion with three bathrooms and two reception rooms
A two-bedroom detached house with ensuite bathrooms and a sun-drenched decked terrace, £750,000
Life & Style blogs
The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 The secret report that helps Israelis to hide facts
- 3 Danish TV reporter is all business up top, all party down below
- 4 Ross Burden dead: MasterChef and Ready Steady Cook star, dies aged 45
- 5 Businessman charged £75 for three small bottles of water in London hotel
£26000 per annum: Ashdown Group: A highly successful international media organ...
£35000 - £41000 per annum + competitive: Progressive Recruitment: QA Manager -...
Very Competitive Salary: Austen Lloyd: LONDON - BANKING / PROPERTY FINANCE - ...
£28000 - £30000 per annum + competitive: Progressive Recruitment: An ambitious...