PNR033: Why property goes up in value

On this week’s Property News Radio we’re joined by Amy and taking a look at why UK house prices are so expensive, the government interfering in property again, why millionaires can no longer afford prime central London, and our quirky news piece takes us to the seaside!

This week’s news

Why house prices are so expensive in the UK

Why do house prices continue to rise despite the rate of construction going up? Does location play a role? This is an interesting article with some thought-provoking conclusions.

Fees transparency to ensure a fair deal for landlords and tenants

The government have been voting on whether letting agents should be able to charge potential tenants upfront fees. Whilst the perceived logic might be right, the margins for agents are quite tight. For now they have decided against stopping upfront fees, but letting agents now have to be more transparent about costs.

Can millionaires no longer afford prime central London property?

This is a really interesting article that originated from research carried out by Savills which suggests that millionaires are being priced out of prime central London. Is this another sign of an irrational market?

£1,000 Dorset home transformed into £5million solar-powered palace

This piece looks at a house bought in Dorset during the 1920s for £1000 which has recently been demolished and rebuilt as a luxury £5 million pound property to rent out to holiday makers. Well worth a look.

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Full transcript