Knowledge Hub

Details

Published: 18 March 2021

Hits: 1022

Britain's most expensive rental house is up for grabs - at a cost of £238,333 a month!

That's the same price as a decent four-bed semi in Sheffield with mortgage payments of just £959 a month.

For £2.8 million a year, tenants get the six bedroom property in London's exclusive Chelsea.

The detached five-storey Victorian home comes with its house manager and chef. It boasts a swimming pool, sauna, lift and concierge service.

Details

Published: 17 March 2021

Hits: 992

Many people have invested in inflatable hot tubs to escape the stresses of lockdown on bubbling jets of water. But their therapeutic qualities could be vastly overstated - if insurance claims are anything to go by.

Among the blood pressure-raising hot tub mishaps Aviva has seen are grass strimmers slicing through them, engagement rings ripping the lining and birds pecking holes in covers. They proved such a nuisance last year that the insurer said accidental damage claims for hot tubs shot up by 188 per cent in 2019.

Details

Published: 16 March 2021

Hits: 998

Property sellers are set for a bonanza Easter as the stamp duty holiday extension sparks record demand, experts say.

This month, average asking prices are already up £2,484 to £321,064 as frenzied buyers battle over limited supply, according to Rightmove.

The property website said the number of enquiries per listing on its website was at a record high, meaning this could be one of 'the best ever Easters to sell'. It comes as forecasters said prices were likely to soar again after Chancellor Rishi Sunak extended the stamp duty holiday to the end of June.

Easter is traditionally the busiest time of year for estate agents, with Rightmove saying agreed sales in the first week of March were already up 12 per cent on the same period last year. The website's Tim Bannister said record low interest rates and the desire for better homes sparked by lockdown had also created the biggest excess of demand over supply for ten years.

'Blossoming demand coinciding with blossoming gardens should put a spring in the steps of sellers,' he added. 'More coming to market will provide a much needed increase in the choice of property for the many looking to buy.'

Details

Published: 11 March 2021

Hits: 991

The current house prices has already helped push up the house prices to a record high.

Prices rose by 8.5 per cent last year to £252,000 on average, the highest annual growth rate since October 2014, according to the Office for National Statistics. An extension is likely to push them higher still. House prices could rise rise by five per cent this year, the Office for Budget Responsibility predicts. That marks a huge turnaround from its November forecast of a 3.5 percent fall.