Property

Inflation has finally dipped a little but is still riding high, and mortgage rates may still rise further: Britain’s households are suffering a pay squeeze. But what are home-owners still spending their money on – and what has fallen out of favour? Here is Spectator Life‘s guide to the winners and losers in the property market this year so far… The winners… Solar panels High energy bills have kickstarted British householders into going green. During the first half of this year, sales of solar panels were up 82 per cent on the same period last year, according to MCS, the standards body. The hot spots of solar installations? Cornwall, Wiltshire

For most of us the main ingredients of outdoor cooking are a smouldering barbecue grill, slabs of alternately under- and over-cooked meat and a light sprinkling of frustration. But these days, it seems, there is another option on the menu. Ever since the pandemic, more and more homeowners have been investing in lavish outdoor kitchens – keeping up with the Joneses with garden wine fridges, rotisserie grills, pizza ovens and professional-quality prep areas so they can cook and eat outside in comfort. The concept has been enthusiastically adopted by the likes of David and Victoria Beckham, who are reportedly awaiting a verdict on a planning application for an all-singing, all-dancing

‘Bungalows are almost perfect,’ as the old gag goes. ‘They only have one floor.’ But these once unfashionable properties are rapidly becoming anything but a joke. While the mortgage crisis is cooling most sectors of the housing market, demand for bungalows is growing. Estate agents report the properties receiving dozens of offers, selling for tens of thousands over the asking price or being snapped up before officially going on the market. The usual breed of downsizers and retirees looking to replace large family homes with something all on one level are facing stiff competition from budget-conscious purchasers seeking to renovate single-storey homes – and often turn them into family homes

In 1939 George Orwell took aim at burgeoning British suburbia and its population of lower middle class lackeys in his novel Coming Up for Air, memorably describing the new homes being built on the fringes of cities as ‘semi-detached torture chambers where the poor little five-to-ten pound a-weekers quake and shiver’. More than eight decades on and the Office for National Statistics reports that one in three of us lives in a semi-detached home, an architectural style with a far longer and more interesting history than Orwell may have been aware of. They are also – officially – the hottest property type on the market. Analysis of more than 100,000 house

As the recent heatwave simmered on, tempura oysters were being washed down with chilled rosé on the beachfront tables at Little Rock, an offshoot of Folkestone’s Michelin starred Rocksalt restaurant. Looking from the shipping container that houses it past a handful of palm trees down the long shingle beach, a huge crane punctuated the clear blue sky above the bright white curves of the town’s biggest new development. The Folkestone Harbour and Seafront Development Company is hoping to woo a wave of home-buyers to the Kent Channel town’s seafront, with the first phase of 1,000 new homes planned along the beach. The seaside resort and port, in the same vein

It has been ten years since work began in earnest on the regeneration of one of the few surviving sections of old-school central London. While the rest of Zone 1 seemingly saw wall-to-wall gentrification, Elephant and Castle remained an outpost of stubborn, scruffy ordinariness, an oasis of discount stores, greasy spoons and traditional boozers. Over the past decade, billions of pounds have been lavished on sprucing up the Elephant. But while the old place certainly looks quite different – a cluster of new towers, thousands of new homes, a gaping hole where the 1960s shopping centre once stood – this is a regeneration that has had its fair share of troubles.

Once I thought nothing could make residential Britain look uglier than pebble-dashing, PVC windows and satellite dishes. I was wrong. As if the country had not been brutally homogenised enough by the fact that every high street has the same shops, now every residential road is reduced to being an identical backdrop for a very persistent invader: the wheelie bin. Lined up like Daleks, they are breeding in my North London neighbourhood, blocking front gardens and pavements. Outside houses split into flats, where each has its own set, there are actual crowds of these 4.5ft graceless plastic buckets, which come in multiple colours for different sorts of rubbish. When wheelie bins first

They are expensive to maintain, plagued by tourists and influences seeking picture-postcard holiday snaps and cost more per square foot than houses in some of London’s most affluent neighbourhoods – despite lacking basic amenities such as running water. And yet such is the allure of the traditional seaside beach hut that, amid an otherwise shaky housing market, prices for these modest timber shacks just keep rising.  According to research by Moverly, which provides digital home information packs, the average asking price of a beach hut in England stands at £49,290 – up 43 per cent in the past year. In Dorset prices are up 101 per cent to more than

In Britain’s battle to cut carbon emissions, the government sees heat pumps as a key weapon. Unveiling the latest energy efficiency plan in March, energy secretary Grant Shapps doubled down on Boris Johnson’s offer of a £5,000 grant for anyone willing to install one. These smart bits of home technology work by transferring thermal energy from the air, ground or water. They are powered by electricity, which can be generated from solar or wind power, providing cheap and fossil fuel-free heating and hot water. So what’s not to like? The concept is nothing new. In 1856 the Austrian scientist Peter von Rittinger worked out a technique for drying out salt in salt marshes using an

As Cicero is often (mis)quoted as saying, if you have a garden and a library, that is all you need. And since the pandemic, our love of a garden has only got greater. Yet these days it’s often less about getting your hands dirty in the flowerbeds and more about having somewhere to kick back and enjoy a good book or drink rosé with friends. But while visitors are swooning over raised beds and begonias at the RHS Chelsea Flower Show this week, the price of having a garden of one’s own is higher than ever – especially if you want a generous one. According to the latest research by

You don’t get much further from the seaside than Derbyshire, a county landlocked at the heart of England. During lockdowns house-hunters simply couldn’t get enough of coastal property, and prices in Wales and the West Country boomed. But three years after the start of the pandemic, a new property powerhouse is emerging.  According to the latest UK House Price Index, prices in North East Derbyshire are up by almost 20 per cent year on year, to £259,000. Across the way, prices in the Derbyshire Dales are up 18 per cent year on year, to an average of £362,000. This performance would be impressive in a strong economy, never mind against the backdrop of rising interest rates and

Few British cities can rival the musical heritage of Liverpool – and as the Eurovision Song Contest arrives back in the UK after 25 years, Merseyside is getting ready for its moment in the spotlight. An extra 150,000 visitors are expected to descend on the city for the sell-out event this weekend. While the world’s eyes will be on the M&S Bank Arena for Saturday’s final, the Liverpool area will enjoy a whole week of club nights, raves, live screenings, concerts and after-parties. But it’s not just Eurovision that’s bringing a buzz to the UK’s fifth largest city: hot on the heels of that will be the relaunch of the