A new study reveals the asking price premium that parents will need to pay if they want to secure a place at an ‘outstanding’ state primary school. Across England, 86% of ‘outstanding’ state primary schools are oversubscribed, making for fierce competition for school places. The average ‘Primary School Premium’ to move from an area in the successful admission area of a school that is rated as ‘requires improvement’ by Ofsted (grade 3) to a property in the successful admission area of an ‘outstanding’ school (grade 1) stands at £52,372 in England.
Despite a fall in transaction levels, the prime London market remains active and there remains demand for property which is increasingly priced according to current market conditions, especially where it is best in class
The proportion of ‘off-market’ sales in London rises as house price fears grow. One in four wealthy homeowners in London is selling their property away from the public glare.
The number of renters grows to almost one-fifth of all households. Home ownership in England has fallen to its lowest level in more than 30 years despite government efforts to reverse the decline.
While luxury flats in South London are suffering, prices in nearby areas like Brixton and Stockwell are jumping
While luxury flats in South London are suffering, prices in nearby areas like Brixton and Stockwell are jumping, Bloomberg found. Prices in SW9 jumped 6.9% in March, according to Land Registry data. The housing stock in this area is largely focused on the middle-market and is more affordable for Londoners.
Increase down to tax change in 2014 and buy-to-let surcharge last year. Receipts from stamp duty surged to a record high thanks to rising house prices, higher rates on sales at the upper end of the market and the new surcharge on buy-to-let property.
A carry trade in real estate is a dangerous way to cover budget holes. There is no such thing as free money. The residents of Orange County, California, discovered this in 1994, when the county declared bankruptcy.
Government consultation suggests banning fees, capping deposits and better enforcement. Generation Rent is set to receive greater protection from unfair or hidden charges at the hands of letting agents and landlords under plans outlined by the government.