Tag Archive for 'London Facts'

London – Property Market News

Published
by
Property Know Team
on November 9, 2006
in London Property Market and Property Know
. 0 Comments

london westminster

London – Property Market News

The Property Know Team Formerly the Rent A Home London Team; has randomly composed some interesting facts about London’s Property Market and Property News in general.

Did you know – that in FIVE (5) years from now, the average home will be £400, 000. Well that is for London only. Currently the average house price is £330, 000. Also the London Housing Federation are predicating that in five years time, you will need a salary averaging £80, 000 to get an “average” mortgage! For your information: The average house price is calculated from the average from the; average price of a detached house, a semi-detached house, a terraced house and finally flats/apartments.

Do you watch Location, Location on Channel 4? Well from their Best and Worst Places to live for 2006 – London’s boroughs/areas scored the highest for, unfortunately, the worst places to live! Hackney came first, and tower Hamlets came second and Islington came fifth! So think twice – if you are planning to move there!

To have an atheistically pleasing bathroom or a new kitchen or not? Well in the view of the Rent A Home Team – we have always thought that it would be more beneficial and cost effective to either expand your property, by creating more space or adding another room (loft conversions etc). They both roughly cost the same price, and we all know that the more rooms the more expensive the property. A One bedroom house or a Two Bedroom house? You tell us! So do not jump into renovations, and calling your local builder to fit a new kitchen or go on a spending spree in B&Q or Homebase. You might splash around £2000 - £4000, and chances are in proportion of what you spend is what the increase in value will be! On the other hand – if you add another room you will hit the jackpot!

Sources: http://www.housing.org.uk/regions/aboutus.asp?region=4 & http://news.bbc.co.uk

London: Quick Facts

Published
by
Property Know Team
on September 24, 2006
in London Property Market
. 0 Comments

# London is the biggest city in Britain and in Europe.
# London occupies over 620 square miles
# London has a population of 7,172,036 (2001)
# About 12 per cent of Britain’s overall population live in London
# London has the highest population density in Britain, with 4,699 people per square kilometre,
# London is the seat of central government in Britain.
# The tallest building in London is the Canary Wharf Tower.
# London was the first city in the world to have an underground railway, known as the ‘Tube’.
# Some of the most important people from countries all over the world visit the Queen at Buckingham Palace.
# There are over 100 theatres in London, including 50 in the West End. London theatre accounts for 45% of all UK theatre admissions and over 70% of box-office revenues.

Source: GLA Economics