New research conducted by Nationwide, Britain’s largest building society, has revealed that adding an extension or loft conversion to your property can increase its value by 25%. Additionally, an extra bedroom can add 14% to the value, while an extra bathroom can add 6%. A 10% increase in floor area can also lead to a …
Charles Dickens enthusiasts now have the incredible opportunity to own a picturesque riverside house that was featured in his iconic novel, Oliver Twist. Dexters, a renowned estate agency, has listed the impressive Ferry House for £2,250,000. Located in the charming Sunbury village in Surrey, this four-bedroom residence spans over 3,700 square feet and is steeped …
The property market is experiencing a shift, according to Colin Townsend, a representative of John Goodwin Estate Agents in the West Midlands. With mortgage rates reaching a 15-year high, the average two-year rate now sits above 6.70%, as reported by Moneyfacts. First-time buyers are particularly affected by this trend, as mortgages for those with smaller …
After a couple of visits to Sambuca, Sicily, known for being in the €1 home scheme, as well as Salemi, Mussomeli, and Gangi, a woman was captivated by the charming culture of the Sicilians and was determined to purchase a house there. She realized, however, that she wouldn’t be able to supervise the renovation due …
The Labour-led Government in Wales has recently granted approval for powers to significantly increase council tax on second homes starting from April of this year. Under this decision, the tax could rise by as much as 300 percent. A similar proposal is currently being considered in England, where Michael Gove’s department is consulting on the …
A beautiful backdrop: Using a full-length curtain from East London Cloth Discover the latest trend in curtain fabric that goes beyond traditional window dressing. Think outside the box and consider using curtain fabric for skirts under the sink in kitchens and bathrooms, bed drapes, valances, and even room dividers. Here are a few innovative ideas …
The Bank of England has released a report outlining a worst-case scenario for the UK economy, predicting a potential 40% drop in house prices by the second half of 2025. However, this scenario is deemed highly unlikely by the bank, as it would require inflation to rise and remain above 10%. The central forecast from …
It’s important to note that certain countries have a wealth tax, which applies to the value of your real estate or capital assets. If the value exceeds the available exemptions and allowances, you may be required to pay annual taxes on them, according to Jason Porter of Blevins Franks. For UK couples who only own …
If a landlord is also a first-time buyer, they would be an exception to the rule and not be subject to the second home stamp duty surcharge. However, they would also not qualify for any first-time buyer tax relief and would instead have to pay standard rates. It’s important for first-time buyers to be aware …
The housing market is experiencing a decline in gains as property prices continue to fall. According to the latest house price index from Nationwide, property values have fallen at the fastest pace in 14 years on an annual basis. Landlords looking to sell their properties this year not only face a market downturn but also …