Property news roundup: Annual rent rises halved in 2013
Plus, the rise of the first time buyer, the importance of smell, and Generation Rent
Friday 17 January 2014
Average rents across England and Wales rose 1.5 per cent in the past year, reaching £745 per month last month.
This annual rise is half that of a year ago, says LSL Property Services whose figures show that rents increased by 3.2 per cent in the year to December 2012, while the number of new tenancies across England and Wales increased by 7.7 per cent compared to December 2012.
Seven out of ten regions saw rents fall on a monthly basis between November and December.The sharpest drop was in the South East (down 2 per cent) followed by Wales and London (both 1.9 per cent). The North East and West Midlands experienced rent rises, up 1.5 per cent and 1.4 cent respectively.
However, the total amount of late rent across England and Wales reached £330 million, up £102 million since November 2013. This means that tenant arrears now represent 9.7 per cent of all rent, up from 6.6% in November, but lower than the 10.1 per cent of December 2012.
The importance of smell
The National Association of Estate Agents has come up with some tips to improve your chances of selling your property in winter including tidying up front gardens and paths, keeping your home warm during viewings, and highlighting any energy saving features. But they also point out the importance of the property smelling nice - they recommend removing damp footwear from the entranceway and ensuring the whole of your home smells fresh.
The CBI is calling for an investment boost in the rental sector, pointing to figures suggesting that by 2018, 1 in 5 households will live in private rented accommodation. Its property wishlist includes reducing the VAT rate on repair and renovation to help lower costs. Katja Hall, CBI Chief Policy Director, said: "Despite the rapid rise of the private rented sector, generation rent is often an afterthought when it comes to housing policy. While it’s right to support first-time buyers, we must make sure people who rent are not forgotten."
The rise of the first time buyer
The proportion of first time buyers aged between 25 and 44 will increase 20 per cent in the next decade, suggests a report from Countrywide. Around 60 per cent of first time buyers are aged 25-34. "The number of first time buyers aged 25 and under is expected to fall by a third due to increased levels of student debt and a greater proportion of younger people renting," said Grenville Turner, Chief Executive, Countrywide. Despite this, we still expect that 1 in 10 first time buyers in 2023 will be aged 25 and under and supported in the main by the Bank of Mum and Dad."
A deceptively spacious, beautifully presented Georgian home with 3000sq ft of living space and five reception rooms
A five-bedroom Victorian home with four receptions, superb gardens and paddock in Pembury
An eight-bedroom house on the south side of the The Green with cinema, wine cellars and summer house
This 17th century beauty is full of rustic cosiness, while the detached home office means you can also run a business
This five-bedroom red-brick beauty overlooks the village green and sits in just under two acres of land
Four exclusive apartments in a Grade II-listed former medical school with 2,275 sq ft of living space and 18ft ceilings
A five-bedroom terraced house on the popular Peterborough Estate, ideally located for both Eel Brook Common and South Park
A state-of-the-art farm-building conversion on the former Cliveden Estate, with 11,420sq ft of internal space, cinema and wine cellar
A three-bedroom, 15th-century cottage with original features in the picturesque village of Sissinghurst
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
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
Life & Style blogs
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
£25000 per annum: Ashdown Group: An established media firm based in Surrey is ...
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£70000 per annum: Ashdown Group: Head of Finance - Financial Controller - Fina...
£30000 - £65000 per annum: Recruitment Genius: This small technology business ...