Housing

As trophy homes go, the Grade II*-listed Glen Usk is hard to top. Set on the west bank of the River Usk in Wales, it is a white rendered neoclassical fairy-tale of a Georgian country house and its current owners have thoroughly renovated the eight-bedroom home, set in 35 acres.  At the tail end of 2021 it went on the market with estate agent Fine & Country for £6.5 million. In November the Monmouthshire property’s price was dropped by £2 million after failing to find a buyer (and also to reflect a decision to reduce the amount of land to be sold with it from 75 acres to 35). Three months later,

Over the past two generations, those with property in the UK have been unwittingly transformed from owners to investors. This makes no sense, and has led to a lot of baby boomers feeling smug and clever when in reality they’ve just been lucky. However, the effect has been lasting and means property owners are now a politically valuable group – and that what your house is worth has disproportionately strong influence on how rich you feel. And of course, now that everyone has an interest in the value of their home, there are plenty of supposed experts willing to pretend they’re helping you look ahead to see what will happen

Not so long ago buyers were treating house-hunting as a blood sport – price ceiling-shattering bids and gazumping were commonplace everywhere from the Cornish coast to the London suburbs to the Lake District. But six months is a long time in property. Following the debacle of the mini-Budget and amid rising interest rates and soaring living costs, not to mention looming recession, the power balance in the market has firmly shifted. Vendors can no longer sit back and wait for the offers to pour in.  Buyers who don’t have to move are increasingly taking a wait-and-see approach. Those still up for a move are determined not to overpay, often hoping

Once again estate agents have been named among the least-trustworthy people in Britain, rated in the public consciousness somewhere between politicians and journalists (ouch). Less than a third of people believe agents tell the truth, according to the annual Veracity Index from market research firm Ipsos Mori, which tracks consumer trust in particular professions – less than the same time last year. Many of us have our own horror stories of widespread chicanery in the sector: when moving house recently, for example, I was informed I would not be permitted to view a house I was interested in until I agreed to list my flat with the selling agent first. Agents

Of all the suburbs in Britain none has become quite so politicised as North London. This slightly leafy (and lefty) swathe in and around Islington – with Hampstead Heath marking its northern edge and Regent’s Park its southern boundary – is treated by our recent political leaders as a kind of shorthand for, to borrow a phrase from Suella Braverman, the ‘tofu-eating wokerati’. Liz Truss took a dig at her privileged metropolitan enemies who ‘taxi from North London townhouses to the BBC studio’ to criticise her, ignoring the fact that Islington is not all Upper Street boutiques and multi-million pound homes. Islington is one of London’s most deprived boroughs, and more than

Moving house is said to be one of the most stressful life experiences, right up there with bereavement and divorce. But what about the stress of not moving? Amid the upheavals of the past few months increasing numbers have seen their property ladder dreams collapse around their ears. According to market analyst TwentyCi there has been a ‘sharp increase’ in the number of deals falling through. More than 90,000 agreed sales disintegrated between July and September, an 18 per cent increase on the same period in 2019. Wendy and William Waterton know exactly what it feels like to be on the sharp end of a collapsing sale. In the past

From the man down the pub/on Twitter to major lenders and think-tanks, homebuyers and sellers can barely move for so-called experts dishing out advice on the property market. Rising interest rates and increased mortgage costs have prompted fears of a house price slump, with Capital Economics predicting a 5 per cent drop over the next two years. Credit Suisse is forecasting that prices could fall by as much as 15 per cent if interest rates hit 6 per cent – making it more of crash than slowdown. Buyers don’t want to make a major purchase at the top of the market, and sellers may be hesitant to list if they

Monday promised to be a significant day for those living in high rises across England. The Building Safety Bill, which has been sold by the government as the biggest change to building safety in a generation, was published in its final form before it goes through parliament. Introduced more than four years after the Grenfell fire killed 72 people, the Bill is aimed at ensuring a similar catastrophe never happens again. But will it succeed? The 208-page document includes wide-ranging measures that will overhaul building safety regulation exposed as wholly inadequate by Grenfell, as well as significantly change the way in which high-rise buildings are designed, built, managed and lived