2m young working adults still live with Mum and Dad

Despite working, 48% of 20 to 34 year olds who live with their parents do so because they can’t afford to rent or buy their own home.

New research from Shelter found that a lack of affordable housing was the single biggest reason that so many young adults are unable to fly the nest. Currently a quarter of all 20 to 34 year old working adults in England – 1.97 million people – are living with their parents. Continue reading

Buyers cooling but Brits remain confident

Confidence in the housing market is split: the public have never been more optimistic about house sales, but conversely the outlook for the purchase market is at its lowest level since 2011, according to the latest quarterly Halifax Housing Market Confidence tracker.

The Confidence Tracker indicates that of those surveyed, 57% feel it will be a good time to sell in the next 12 months, exceeding those who think it will be a bad time (32%). Continue reading

Olympic legacy adds £125,000 to house prices

To celebrate the second anniversary of London 2012 Olympic Games opening ceremony, the latest research from Lloyds Bank looks at house price performance in areas close to the Olympic Park since the Games were awarded to the capital in July 2005.

Homeowners in the 14 postal districts in East London closest to the Olympic Park have seen the average value of their property rise from £206,191 in July 2005 to £334,1232 in March 2014. Continue reading

‘Convenience culture’ drives high street revival

A new in-depth study into the state of British high streets has revealed how town centres are adapting to meet the changing demands of the nation’s consumers.

Researchers at the University of Southampton have revealed how ‘fundamental’ changes to Britain’s ‘convenience culture’ are transforming the way we shop and bringing new business into town. Continue reading

Mayor should open the door to small builders

More homes must be built in London and greater diversity in the construction market could give the industry a much needed boost to meet the growing needs of the capital.

The London Assembly Housing Committee has written to the Mayor urging him to use public sector land to support house building in London by helping new and small developers enter the house building market. Continue reading

Gardens can add up to 10% to price of a property

With the hottest summer on record underway, outside space is one of the key requirements for buyers in the Capital with 65% of property searches now requesting outside space.

The current shortage has created fierce competition and there is now a 5-10% premium on these properties, says leading independent London agent Greene & Co. Continue reading