Property news roundup: How many houses does £1 billion buy you in Britain?
Plus, build your own, holiday home destinations, and where are the fastest rising house prices?
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.
Thursday 03 July 2014
Newcastle United owner Mike Ashley could use his personal fortune to buy 31,000 homes within the city while Richard Branson could afford 7,720 houses in Lewisham, suggests a new report.
The figures from On Stride Financial also indicate that £1 billion could also buy you 4,697 houses in Edinburgh, 10,688 in Bradford, or 7,637 in the East Riding of Yorkshire.
"House prices have long been a hot topic and people are keen to know what they can get for their money when the time comes to buy," said Mayank Garg, Head of Strategy at On Stride Financial . "The research does prompt thoughts as to which city UK residents could afford to contemplate moving to, based on their own income."
Holiday home destinations
Croatia and Hungary are the overseas property hotspots for UK investors, according to figures from holiday homes provider HomeAway, with a 100 per cent growth in the number of properties owned by Britons in both countries since 2011.1 Slovenia has also seen significant growth, up 50 per cent, followed by a 48 per cent rise in Mauritius and 27 per cent in Greece.
"When we looked at the regions of the UK that receive the most enquiries and interest from our customers coming from around the world, London was by far the most popular, accounting for almost half of the total enquiries we received," said Gregory Sion, UK Director, HomeAway who added that the West Country, East of England, Cotswolds and Edinburgh are also popular.
Build your own
People who want to build their own home will be able to turn to their council for help as part of new measures announced by Planning Minister Nick Boles.
Those who want to become self and custom builders will get a new Right to Build to enable them to ask their council to identify potential sites for their project. They will also be able to register their interest with the local council who will then be required to offer suitable serviced plots for sale at market value.
Self-build currently accounts for just 1 in 10 new homes in the UK compared to 60 per cent in Germany, France and Italy.
A selection of authorities will trial the scheme before it is extended nationwide following a consultation later this year.
"Building your own home can be much cheaper than buying a new home and offers people the change to design a place that works for them and their family," said Nick Boles.
Fastest house price rises
The price of a typical UK house rose by nearly three per cent over the last three months to £186,544, according to Nationwide's latest figures, and up 11.5 per cent compared to the same time last year.
"Annual house price growth accelerated to 26 per cent in London, far outpacing the rest of country, and the highest growth rate since 1987," said Robert Gardner, Nationwide's Chief Economist.
Southern Scotland, which includes Ayrshire and the Borders, saw the biggest surge, with prices up 14 per cent on the previous year. Fife experienced the lowest rise, recording a three per cent year-on-year increase.
Prices in Wales increased by just under two per cent over the last three months, but were up 12 per cent year-on-year in South Wales (which includes The Vale of Glamorgan, Bridgend and Swansea).House prices in Northern Ireland were up 8.4 per cent compared with the April-June period in 2013, although average prices are around half their 2007 peak at £117,150. Belfast continued to be the most expensive area, seeing a 14 per cent annual increase.
In England, the highest rises were registered in London (22 per cent to £432,000) , Cambridge (20 per cent, £419,000), St Albans (18 per cent, £451,000), Carlisle (15 per cent, £153,000) and Oxford (15 per cent, £368,000).
This school conversion, near Stockwell Tube, oozes New York loft style. The one-bedroom flat features double height ceilings and exposed brick work
This six-bedroom Georgian home is on three floors with open fireplaces, a two-oven Aga, an annexe, and cottage gardens with outbuildings and a car barn
High Crest House covers an impressive 9384sq ft, with almost three acres of grounds including a tennis court and summer house enclosed by electric gates
A six-bedroom farmhouse with separate accommodation in converted stables. Situated in the village of Church Aston, within walking distance to the market town
A two-bedroom flat with under-heated walnut floors and bespoke built-in storage. The Tube and Clapham Common are a short stroll away
A refurbished seven-bedroom townhouse with staff quarters, cinema room, superb gym, steam room and plunge pool
A minimnalist four-bedroom home designed to the highest spec, featuring glass walls and a kitchen space lit by a glass roof
Hibernate during winter and make your living during the summer at this busy guesthouse with panoramic sea views, in the village of Lynton
A four-bedroom penthouse next to the Tate with direct views of St Paul's from two floors of luxurious living space
A four-bedroom detached home surrounded by spacious gardens and woodland, close to New Pudsey
An 18th-century, three-bedroom home near Langstone Harbour built from ships beams with vaulted ceilings and wood burning stoves
A five-bedroom semi-detached home with a mix of period and modern features in a popular and convenient location
This five-bedroom red-brick beauty overlooks the village green and sits in just under two acres of land
A three-bedroom villa with self-contained flat, minutes from Lake Windermere
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
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
Life & Style blogs
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
- 1 What happens to your body when you give up sugar?
- 2 Tourist films plane's descent just metres above packed Caribbean beach
- 3 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 GamerGate: developer Tim Schafer provokes rage with joke about online gaming activists at industry awards
£29500 - £30000 per annum: Recruitment Genius: This company in Yorkshire and t...
Negotiable: Recruitment Genius: This fast growing experience-led technology co...
£23000 - £25000 per annum: Recruitment Genius: This company specialises in the...
£45000 - £50000 per annum: Recruitment Genius: This is an excellent opportunit...