Property news roundup: Forget castles, detached houses are the most popular dream home

Plus rent rises slow and Essex house prices up

A detached house is the ideal UK property for most homehunters.

Nearly one in five people in a new survey by mortgage and loan broker OceanFinance.co.uk say that this is the home that they most covet, compared to just one in 20 who would go for a castle or historic mansion.

Bunglows (just under 13 per cent) and flats (6.5 per cent) are also ahead of castles and converted barns/churches (5.6 per cent). A little cottage in the country is popular with 17 per cent - slightly highers in Yorkshire and the East Midlands - and 15 per cent would prefer a farmhouse with a smallholding of land than a city townhouse (4.7 per cent).

"Rates of homeownership may continue to decline but the idea of owning our own place remains deeply engrained," said Ian Williams, spokesman for Ocean Finance. "Typically we have fairly modest aspirations, preferring a detached house to a 'Grand Design'. And while most of us live in urban areas, the draw of rural living in the chocolate box' country cottage remains very strong."

Rent rises falling...

Rent rises across England and Wales have slowed to be just 0.6 per cent higher than a year ago, according to LSL Property Services.

Its report says that the average rent is now £741 per month compared to £736 in April 2013, although April rents are nearly 13 per cent higher than in January 2010. 

"Private renting is not in any form of crisis," commented David Newnes, director of estate agents Reeds Rains and Your Move, part of LSL. "Not only are rents rising more slowly than inflation, but the cost of private renting is also rising in line with household incomes. Even before the economic weather changed so recently, the last few years have seen rent rises dwarfed by inflation most of the time.  Meanwhile the private rented sector has absorbed millions of households while other tenures have been unable to take up the slack.

The fastest annual increase in rents is in the South West, up 4.3 per cent since April 2013, followed by a 3.2 per cent for the East Midlands and a 2.4 per cent increase in the North West.The North East has experienced the greatest drop, down by 3 per cent. Rents were also down 2.8 per cent in the East of England, two per cent in the West Midlands, and just under one per cent in Yorkshire and the Humber.

... but at new high in London

Data from HomeLet suggests that the average cost of renting a home in Greater London reached a new high last month, increasing by 9.4 per cent compared to April 2013 to £1,348 per month.

It marks the largest annual increase in the capital’s average rental figure since April 2011 and means tenants in Greater London are paying rents close to double that of the rest of the UK.Across the rest of the UK, the average cost of renting a home increased by 2.9 per cent during April to £848 per month.

Essex house prices up by 14 per cent

Over the last 12 months, house prices in Essex are up by 14 per cent, with the average house price now £303,037. The figures from Balgores Property Group indicate that house prices in Basildon have shown the highest increase, up 19 per cent, with Chelmsford up by 11 per cent, Brentwood by eight per cent and Romford seven per cent. 

Martin Gibbon, Group Director of Balgores Property Group, said: "Basildon is booming. The leap in average house prices in the area is mirrored by a huge rise in rent prices, up by 30 per cent year-on-year."

Discover more property articles at Homes and Property
Sport
The giant banner displayed by Legia Warsaw supporters last night
football
News
news
Voices
The Ukip leader has consistently refused to be drawn on where he would mount an attempt to secure a parliamentary seat
voicesNigel Farage: Those who predicted we would lose momentum heading into the 2015 election are going to have to think again
News
Angelina Jolie with her father Jon Voight
people
PROMOTED VIDEO
News
i100
Voices
Pupils educated at schools like Eton (pictured) are far more likely to succeed in politics and the judiciary, the report found
voices
Arts and Entertainment
Simon Cowell is less than impressed with the Strictly/X Factor scheduling clash
tvSimon Cowell blasts BBC for breaking 'gentlemen's agreement' in scheduling war
News
peopleWrestling veteran drifting in and out of consciousness
Arts and Entertainment
Shady character: Jon Hamm as sports agent JB Bernstein in Million Dollar Arm
filmReview: Jon Hamm finally finds the right role on the big screen in Million Dollar Arm
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Research and Insight Analyst (Mathematics Graduate)

£25000 - £35000 Per Annum: Clearwater People Solutions Ltd: Our client are cur...

IT Support Manager - Staffordshire - £35,000

£30000 - £35000 per annum + Benefits: Ashdown Group: IT Support Manager - Near...

Nursery assistants required for day to day roles in Cambridge

£10000 - £15000 per annum: Randstad Education Cambridge: Nursery assistants re...

Recruitment Consultants - Banking & Finance

£20000 - £30000 per annum + OTE £40 - £50K first year: SThree: SThree Group an...

Day In a Page

Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone