Property news roundup: The growth of online property portals

Plus, London's 'Wall of Unaffordability', probably the most expensive street in the UK, and planning approvals at 15 year high

Figures from web monitoring firm Hitwise
show that the UK's top three property websites - Rightmove, Zoopla and
PrimeLocation - now account for 61 per cent of the UK's online property traffic.

The portals' market share of the online property audience has grown  from just 49 per cent in 2011 with Zoopla closing the gap with Rightmove over the last year, its traffic up 36 per cent compared to Rightmove's 18 per cent growth.

Lawrence Hall of Zoopla Property Group said: "The Hitwise data confirms that home movers are increasingly turning to the leading portals to help find their next home and research the market."

London's 'Wall of Unaffordability'

Renting specialists Rentonomy have identified a 'wall of unaffordability' which marks the area of London where a single room is unaffordable on a graduate salary - it estimates the boundaries as  Finchley to the north, Bow to the east, Balham to the south and Twickenham to the west and shows 90% of central London is out-of-bounds. The research is based on the cost of a room as a proportion of a graduate salary, with 'affordable' being  less than 30 per cent of gross income. 

Where is it better to rent than buy?

Planning application approvals highest for 15 years

The percentage of planning applications approved by local authorities is at its highest level since 1999 says commercial law firm EMW. Its analysis shows an approval rate of 89 per cent for all planning applications submitted to local authorities.  

Giles Ferin, Principal at EMW comments: "The proportion of approvals has been increasing steadily year on year since 2008. Local planning authorities are under pressure from the Government to play their part in stimulating growth in their area, so encouraging investment by making things easier for developers makes a good deal of sense.

"An increase in construction and development also boosts jobs and ultimately provides more income for cash strapped councils through increased business rates and council tax and other incentives such as the New Homes Bonus scheme."

One London street has 2.85 billion worth of property for sale

According to PrimeLocation, the 25 properties on the market in The Bishop's Avenue between Hampstead Heath and East Finchley underline the rising cost of Prime London property. Among those homes for sale in so-called 'Billionaire's Row' is a £65 million detached home and a four bedroom flat for £10 million. Jersy House, an eight bedroom new build currently for sale for £38m comes with separate staff accommodation and a garage with room for four limousines. And a canal.

Discover more property articles at Homes and Property
Life and Style

Board creates magnetic field to achieve lift

There have been various incidents of social media users inadvertently flouting the law

Life and Style
Stack ‘em high?: quantity doesn’t always trump quality, as Friends of the Earth can testify
techThe proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Bourgogne wine maker Laboure-Roi vice president Thibault Garin (L) offers the company's 2013 Beaujolais Nouveau wine to the guest in the wine spa at the Hakone Yunessun spa resort facilities in Hakone town, Kanagawa prefecture, some 100-kilometre west of Tokyo
CSKA Moscow celebrate after equalising with a late penalty
footballCSKA Moscow 2 Manchester City 2: Premier League champions let two goal lead slip in Russia
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

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

iJobs Job Widget
iJobs General

IT Technician - 1st Line

£19000 - £21000 Per Annum: Clearwater People Solutions Ltd: ***EXCELLENT OPPOR...

Special Needs Teaching Assistant

£50 - £65 per day: Randstad Education Bristol: Special Educational Needs Teach...

Trainee Recruitment Consultant Birmingham

£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...

Year 3 Teacher

£100 - £130 per day: Randstad Education Chelmsford: KS2 TeacherWould you like ...

Day In a Page

Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Lonely Planet’s Best in Travel 2015

UK city beats Vienna, Paris and New York to be ranked seventh in world’s best tourist destinations - but it's not London