Househunter Hoylake, Wirral
Saturday 27 January 1996
For what it's worth
Despite more than 13,000 new homes coming on to the market over the next five years, London is heading for a property shortage, according to a Savills development survey. It predicts that unless 5,000 extra homes are built, prices in the most popular areas of the capital will carry on the rise that has seen some homes go up in value by 50 per cent in the last three years. London's prime areas - particularly Kensington, Chelsea and Knightsbridge - have little room for further expansion. Prices in Hammersmith and Fulham are expected to rise as a result of the local council's clampdown on private building. Savills expects the "Midtown" area of Clerkenwell and Holborn to turn from a commercial into an increasingly residential area. But it warns that 70 per cent of all new homes are planned for Docklands, where over-supply threatens to push prices down.
Libby Purves and Paul Heiney are selling their 35-acre smallholding in Middleton, Suffolk, to move to organic pastures new. Their house, Vale Farm, is a Grade II listed traditional Suffolk farmhouse, with five bedrooms and two bathrooms. Strutt & Parker is inviting offers.
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