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 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.
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.
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?
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.
If you enjoy Property News Radio, please leave a review on iTunes
Reviews are really important in helping other people to find the show, so by way of thanks I will read out every single review we receive.
If you’d like to hear your name on the show, leave us a review on iTunes here.
Get the Property Tool Kit
Remember you can build on your knowledge by downloading the property tool kit here for free.