Property news roundup: Homebuyer deposits down
Plus, expensive property hotspots outside London, and a look at house prices around Europe
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.
Wednesday 22 January 2014
Homebuyer deposits fell by 6 per cent in the last three months of 2013, according to figures from the Mortgage Advice Bureau. The typical homebuyer applied for a mortgage with a deposit of £66,259 in December 2013, £4,106 less than in September.
The typical buyer deposit fell by 12 per cent in the South East, by 7 per cent in Greater London and by 4 per cent in the South West. However, deposits grew faster than purchase prices in East Anglia (up 17 per cent) Wales (13 per cent), and Yorkshire and Humberside (two per cent)
"Raising a deposit has long been the biggest challenge for first time buyers in the current climate," said Brian Murphy, head of lending at Mortgage Advice Bureau. "Until recently when property values have improved, even homeowners were struggling with limited equity in their properties to support their next purchase. It's encouraging to see a situation emerging where deposit requirements need not block aspiring buyers from taking advantage of growing choice and improving rates."
The most expensive places to buy a house in England and Wales outside London
Lucian Cook from Savills has been examining the Land Registry data which shows that the average sale price of residential property was over £1m in 43 wards across England and Wales in the year to the end of September 2013. Just over half of these were in central London.
In what he describes as the 'outer commuter zone' he points to hot spots around South Oxfordshire, Winchester, East Hampshire, the rural areas north of Chichester and urban parts of Oxford and Cambridge.
Marilyn Monroe stayed at the property in 1959 after having dinner with Laurence Olivier and George Sanders at Manleys, a local restaurant Marilyn Monroe slept here
The five bedroom, 1920s art deco property over six floors for sale (pictured) in Washington Road, Storrington, Pulborough RH20 was once owned by actor George Sanders (All About Eve, Shere Khan in The Jungle Book) and is on the market for £995,000. Features include annexe accommoation, lovely views over the South Downs, and a micro camping site. The home has a blue plaque commemorating Sanders and the time that Marilyn Monroe stayed at the property in 1959.
European house prices
Figures from the EU's stats department show that among the EU member states for which information is available, the highest annual increases in house prices between July and September 2013 were in Estonia (+11.1 per cent), Luxembourg (+6.5 per cent, flats only) and Latvia (+6.2 per cent), and the largest falls were in Croatia (-16.9 per cent), Cyprus (-8 per cent) and Spain (-6.4 per cent).
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
A modern and spacious two-bedroom, penthouse flat with two bathrooms in a prestigious development
A beautifully renovated five-bedroom terrace with three reception rooms and a courtyard garden, £700,000
A four-bedroom period house which has been extended to provide almost 2,500sq ft of living space, £675,000
A pretty three-bedroom Georgian home with a 22ft drawing room and a master suite with a balcony, £525,000
A substanstial family home with five bedrooms and landscaped gardens in the much sought-after Branksome Park area
A well-presented three-bedroom house with front and rear gardens, close to White City station, £475,000
A handsome five-bedroom house in a sought-after location close to the city centre
A five-bedroom country home with valley views, equestrian stables and 27 acres of land, £725,000
A six-bedroom farm house with separate, detached cottages and 371 acres of land
A two-bedroom cottage with parquet floors, chunky beams and an open fireplace
A three-bedrrom flat with 2,733sq feet of living space, a beautiful private garden and 15 acres of communal grounds
A four-bedroom chalet bungalow with three bathrooms and a spacious garden, £525,000
A two-bedroom flat with an open plan kitchen and two balconies, close to Arsenal station
A Grade II-listed home with six bedrooms, secluded landscaped gardens and views across Hadley Green
A Grade II-listed mansion with two apartments and a cottage, near Gretna Green
A three-bedroom Grade II-listed mews house with vaulted ceilings and roof garden
A spacious Grade II-listed family home with annexe and equestrian facilities among four acres of land in Itchingfield
A four-bedroom home with exposed brick walls and open fires in the picturesque village of Northill
A Grade II-listed property with five bedrooms and unique tower, overlooking Hastings Old Town
A charming five-bedroom detached family home, set within half an acre in Kew
A two-bedroom maisonette set on the top two floors of a period building, close to Kentish Town Tube.
Take advantage of the extra space provided by former stables and outbuildings at this five-bedroom farmhouse.
This three-bedroom Victorian terrace is near to Queen’s Road Peckham station, Nunhead station.
A five-bedroom modern house with terrace, swimming pool, Zen treehouse and large carp pond
An unexpected gem with four bedrooms, remarkable vaulted reception and a galleried study area
A five-bedroom house in one of Lymington's most sought after tree lined avenues, moments from the marinas and sailing clubs
A grand early 19th century B&B close to the historic harbour, with four en suite bedrooms
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