Cristina Diaconu

A landlord's Market?

Brexit has heightened the sitting-on-hands approach and not making a firm commitment Rob Hill, from London based residential lettings and management specialists, Greater London Properties, takes a look at the post-referendum state of the capital’s rental market. There have been many miles of column-inches dedicated to house prices

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London Central Portfolio Analyses Central London Property Market

The London Central Portfolio has carried out research into the property market in London. Over the past two years there has been a subdued level of price growth, with buyers adapting to the continuous changes to the residential tax regime as well as political and economic uncertainty that has been

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Sam Spencer Appointed to RICS President’s Panel

Bruton Knowles, the national property consultancy company has been established for more than 150 years. The company has 13 different offices around the UK including Manchester, London, Gloucester, Bristol, Leeds, Shrewsbury and Cardiff. The company’s Nottingham-based property consultant, Sam Spencer has been appointed to the President’s Panel of the Royal

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Q-Bot Raises Funds to Expand to Underfloor Insulation Business

The leading development company in the UK for robots that utilised in the construction industry has agreed an investment of approximately £450,000. This investment round has been supported by ClearlySo, Minerva Investors Group, Curious Capital, London Business Angels and Chicago Booth Angels. This investment will now be leveraged by the

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Smart-Space Announced Completion of Bolt Building Supplies Warehouse

One of the UK’s leading manufacturers and installers of temporary, semi-permanent and permanent buildings, Smart-Space has announced the completion of construction work for Bolt Building Supplies. The construction work completed has delivered a fully insulated, permanent workshop at the builder’s and timber merchant’s headquarters which are located in Halstead in

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Royal becomes French president’s first ally

©Magali Delporte Ségolène Royal, pictured for the Financial Times at the environment ministry in Paris Ségolène Royal says her bluntness has been a potent weapon as well as her trademark during a three-decade political career that brought her close to becoming France’s first female president. It helped her as early

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Architects confidence stays strong

Confidence in the North of England and Northern Ireland catches up with rest of UK Anecdotal evidence suggests practices starting to struggle to attract skilled staff Housing remains the most resilient sector despite slipping back in November The RIBA Future Trends Workload Index fell back this month,

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Moving one train stop could save you £118,000

Moving one train stop could save you £118,000 Although it is essentially a bit of fun, it’s always interesting to see which pockets of the nation are outperforming the rest from a property point of view, as well as the big jumps between stations Hybrid estate agent, eMoov.co.uk,

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Latest Issue
Issue 334 : Nov 2025

Cristina Diaconu

A landlord's Market?

Brexit has heightened the sitting-on-hands approach and not making a firm commitment Rob Hill, from London based residential lettings and management specialists, Greater London Properties, takes a look at the post-referendum state of the capital’s rental market. There have been many miles of column-inches dedicated to house prices since the Brexit result.  Some senstantionalist articles about properties that previously were asking £1,000,000 dropping to £900,000 and talk of a crisis. One thing that does seem to be lost on a number of journalists is that asking prices often do not reflect the real market value; the property was never worth that price in the first place.   The original asking price is part of a frustrating common theme of agents over-valuating to win instructions with the hope of getting the vendor to chip the price during a long sole agency.  The majority of vendors are rightly or wrongly delighted with the valuation and whole-heartedly agree since he/she is already convinced due to an online valuation they undertook pitched their property high, as well as a neighbour down the road putting their property on for similar. In addition, London’s media discussing the crazy London housing prices fuels this. It’s far too early to comment on the impact of Brexit on London property prices, as there are so many factors that could either drive down or increase them in certain sectors. The market of properties valued in excess of £2,000,0000 is not as active, but in prime Central London this is not due to Brexit –  it’s been happening for some time.  The increase in available stock and the limited pool of applicants who can afford this, coupled with the 3% stamp duty surcharge, are the drivers of this. One thing that we can report is an increase in, to coin a term, “Brental”.  All this speculation, government upheaval and uncertainty has lead to a surge in buyers switching to becoming rental applicants.  Why not rent and see if prices fall?  Since the announcement of the stamp duty changes in the autumn statement we can report a 54% increase in applicants with a rental budget of £1000 per week and above.  This, to me, in some cases make sense. If you were considering buying a £2,000,000 flat in Central London as a first time buyer you would pay £153,750 or 7.7% of the property value, this rises to £213,750 or 10.7% if you already own a property.  The more expensive the property the more costly the stamp duty and in particular for second home owners.  If you need to sell in a couple of years and have paid 10.7% in stamp duty would you even break even? It’s certainly a question that is worth asking – renting a property for even £100,000 per annum could well make sense. Brexit has heightened the sitting-on-hands approach and not making a firm commitment –  after all, if you rent a flat it’s a temporary agreement that in most cases you can break after only six months. Granted, July is the start of silly season in Central London for letting agents and it’s normal to see an increase in applicants registering, but we are hearing from a number of buyers that they plan to rent now for a year or two to see if there is a price correction. Now is the time to become a landlord it seems! Source link

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London Central Portfolio Analyses Central London Property Market

The London Central Portfolio has carried out research into the property market in London. Over the past two years there has been a subdued level of price growth, with buyers adapting to the continuous changes to the residential tax regime as well as political and economic uncertainty that has been cause by Brexit and two General Elections taking place in quick succession. The residential market in Prime Central London has seen an upturn during this year’s second quarter. The Land Registry data has shown that average house prices have reached £1.9 million after experiencing a quarterly growth of 5.8%. This growth has also been boosted by a small number of high value sales. However, this research has also shown that the number of transaction have stayed at very low levels. The Land Registry have noted that there have been 3,750 sales over the course of the last 12 months. This means that the price of the sales has led to the data demonstrating growth as opposed to an increase in the number of sales taking place. The research carried out by the London Central Portfolio, or LAP has shown that homebuyers appear to be more attracted to luxury properties that have been discounted, with 45% of purchases taking place in Prime Central London in this category. There has also been an increase in the number of luxury sales, with more properties being sold in the £5 – £10 million bracket. Activity has been significantly slower in the £1 million an under price category, with the sector seeing a 9.4% decrease and the majority of the purchases carried out by buy to let investors. Investors have demonstrated a wait and see plan of action, whereas buyers are looking more and more for trophy heritage property when possible that has been priced higher than their budget in the past.

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Sam Spencer Appointed to RICS President’s Panel

Bruton Knowles, the national property consultancy company has been established for more than 150 years. The company has 13 different offices around the UK including Manchester, London, Gloucester, Bristol, Leeds, Shrewsbury and Cardiff. The company’s Nottingham-based property consultant, Sam Spencer has been appointed to the President’s Panel of the Royal Institution of Chartered Surveyors, or RICS. The RICS President’s Panel has appointed Sam Spencer, who will ow be working with the other members of the panel in order to offer resolutions for land and property industry disputes. It is a great achievement for Sam to be appointed to this panel, and Sam will be able to offer the expertise that he has developed over the course of his career. Sam Spencer is a Bruton Knowles expert who has specialist knowledge in sales, acquisitions, management agreements and business and property valuations. Sam also has experience as a Chartered Surveyor and Registered Valuer. On top of this already impressive CV, Sam also has over 20 years of experience working in the hospitality, leisure and healthcare property sectors. The appointment to RICS President’s Panel is a coveted opportunity and illustrates the hard work and experience that has been gained by Sam Spencer. Bruton Knowles will also benefit from this appointment has they will have one of the most highly regarded specialists in the industry as a member of their team. Sam has a vast knowledge of the commercial and investment sector as well as having specialist knowledge of alternative-use developments. This knowledge will be an asset to the President’s Panel and will help to support and inform decisions made during litigation and other judicial proceedings. The appointment has come after a comprehensive interview process which allowed him to demonstrate his market knowledge, which is of a high quality and will be essential as a part of the Dispute Resolution Service on the RICS panel.

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Q-Bot Raises Funds to Expand to Underfloor Insulation Business

The leading development company in the UK for robots that utilised in the construction industry has agreed an investment of approximately £450,000. This investment round has been supported by ClearlySo, Minerva Investors Group, Curious Capital, London Business Angels and Chicago Booth Angels. This investment will now be leveraged by the company with the £1,050,000 funding that has been delivered by the EU Commission’s Horizon 2020 program. This means that the total funding acquired by Q-Bot now stands at £1.5 million. The funds that have been generated by Q-Bot will be used to allow the company to rollout the world’s first affordable and completely scalable solution for under floor insulation. This is an exciting time for Q-Bot with plans to increase their growth in the UK which will allow the company to expand into new markets. ClearlySo, one of the funding supporters have expressed their pride at being able to help the company raise the right amount of funds to support the next stage of their business as well as helping to improve energy efficiency, and cutting fuel poverty for a number of customers in the UK and beyond. It has been calculated that around 10 million homes are in need of under floor insulation in the UK alone. When this information is widened to incorporate Northern Europe and the US, it becomes apparent that there is a huge market for more scalable solutions and approaches in order to retrofit insulation. Q-Bot has developed an innovative robotic device that can be deployed through a small opening and then survey and map out the space. The robots can also be used to apply insulation in situ and the validate that the job is complete. This is an innovative new approach that can upgrade cold and draughty properties, transforming them into warm and cosy properties and reducing energy bills.

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Smart-Space Announced Completion of Bolt Building Supplies Warehouse

One of the UK’s leading manufacturers and installers of temporary, semi-permanent and permanent buildings, Smart-Space has announced the completion of construction work for Bolt Building Supplies. The construction work completed has delivered a fully insulated, permanent workshop at the builder’s and timber merchant’s headquarters which are located in Halstead in Essex. The building is a 34.5-meter by 18.5-meter steel fabricated structure that consists of composite walls and 100mm roof cladding. The Smart-Space building has also been fitted with skylights. The workshop will be used by Bolt Building Supplies for the production of I-beams in order to help to meet the increasing demand seen for engineering flooring systems from construction companies operating in the South East of England. Moving their production if I-beams on to site will allow Bolt Building Supplies to better meet their customer’s requirements and offer a wider selection of products as the need for I-beams across the industry. Smart-Space focuses on delivering cost-effective building solutions for a wide range of industrial and commercial uses. The company constructs solutions that are lightweight and modular; featuring lighting, heat, power and other mechanical services when required by the customer. The builders and timber merchant company are moving their design and production of these I-beams on to their site in order to assist their customers with new build projects taking place across the region. It was important for the company that the new warehouse was up and running as soon as possible, therefore Smart-Space offered the most suitable solution. The full design and build project took around 14 weeks from start to finish and the final warehouse is of excellent quality. The Smart-Space team have been commended for their work on the site as efficiently as possible while also not having an adverse impact on the day to day activities of the busy Essex site.

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Discover the Ceramic Safety Knives That will Make Your Company Save a Lot of Money

There are some ceramic safety knives that you probably did not know until now and that will make your company become a safer place. And why not, your home too. You will surely think this is absurd, as if a simple box cutter could make a big difference, but it surely can. Using these safe knives developed by Slice, the chances that your employees having accidents by cutting themselves will be reduced. We will demonstrate you how this is possible. Using these ceramic safety knives and other appliances that Slice offers, you won’t have to worry about accidents anymore. You will even save money on the expenses or compensations of health care coverages. Therefore, you will make your company save a lot of money! Get Yourself Convinced If you do not believe us, just take a look at the descriptions on the videos available on the official website of the company. You will be able to find all the properties that safety box cutters have. Every detail has been perfectly thought out. From the shape of the knife -ideal for keeping the hand of the user always protected- up to the material and design of the blade, which is much more sharp, durable and resistant. The pottery gives you many more benefits than you think. In addition, as it is a very strong material, it can last longer than conventional blades. Its chemical nature makes it a bad conductor of electricity and they cannot produce any spark, as it happens with metals. Consequently, these ceramic safety knives, will help you create a more secure place to work from any point of view. Slice produces the best box cutters, made with ceramics and the best of technologies, focused always on safety. In addition, they are focused on much more efficient blades to cut cardboard without worrying because the edge doesn’t wear down as fast as with steel cutters, among other benefits. A very useful tool Safe ceramic knives are a practical and very useful tools that are often used in many companies, where they are constantly receiving and sending packages. These packages come regularly well packaged. The shape and size of Slice box cutters have the exact size to penetrate cardboard is used in this type of boxes. Work safety with the best equipment You surely wonder how these safe ceramic knives can guarantee a greater job security, and the answer is very simple. Just look at the design of the handle and the ceramic leaf to understand that this company has taken his work very seriously. And  above all, the have invested in a great way in technology and innovation to bring you a truly useful tool. Do not miss out on trying some of the options the offer. To know more about these wonderful and innovative products, you can access their official website where you will find the description of all their products in detail.

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Bsria head of sustainable construction presenting at Facilities Management Forum

Bsria’s head of Sustainable Construction, Joanna Harris, will be presenting at the Facilities Management Forum at the Whittlebury Hall Hotel & Spa, Northampton on Monday 11 and Tuesday 12 July.   Facilities management is at the heart of a good workplace. It starts at design of a facility and continues during operation. Harris will discuss how an FM makes a positive impact on workplace productivity and wellbeing. She will discuss how to influence the design of a facility and the environment that can improve workplace wellbeing. Drawing on good examples from recent new build projects that have been monitored and published. Concluding with how on-going management of the workplace environment can promote wellbeing. Harris said: “I am delighted to be speaking at the forum. I’m passionate about facilities that meet the needs of the users and the facilities management industry has a large part to play in improving users experiences. I keen to pass on lessons learned and influence the delegates to engage in the design and construction process much earlier and ensure standards are not let to slide during operation.” The event is a perfect opportunity for industry to share its experience with a pre-qualified audience. The seminars are 45 minutes and are intended to be an education programme for the delegates. Facilities Management Forum is a niche event, with a tailored personalised itinerary of face to face meetings, for full delegate participation.    Source link

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Royal becomes French president’s first ally

©Magali Delporte Ségolène Royal, pictured for the Financial Times at the environment ministry in Paris Ségolène Royal says her bluntness has been a potent weapon as well as her trademark during a three-decade political career that brought her close to becoming France’s first female president. It helped her as early as in 1988, shortly after winning her first seat for the Socialist Party at the age of 35. Ms Royal applied for the vice-presidency of a parliamentary committee investigating the mad cow disease. More On this topic IN Europe “This is great, we’ll have a mad cow in the bureau,” the committee president joked sparking laughter from colleagues. “Better a mad cow than an old pig,” she snapped back. “I already had repartee back then,” the 62-year-old Ms Royal, now energy and environment minister, says with a chuckle. “Nowadays, this man’s behaviour would be impossible in public. But sexism still exists — in politics as much as anywhere else.” Ms Royal’s straight-talking manners, political longevity and experience as presidential candidate — she lost to Nicolas Sarkozy in 2007 — are among the traits that have made her a popular figure of French politics. Since being appointed minister in 2014 by President François Hollande, who is the father of her four children, her former partner and university classmate, she has reached a unique position in power — not quite a first lady (Mr Hollande and Ms Royal separated when she ran for president), more than a close ally, yet an independent thinker who speaks her mind. Now, with approval ratings double that of the deeply unpopular French president, she is expected to play an instrumental role in his attempts to win back the hearts of disaffected leftwing voters to get reelected next year. “With her presidential run in 2007, she’s a household name, more so than most of the presidential hopefuls in the right and left,” says Laurent Bouvet, a political sciences professor at Versailles university. “She’s an asset, and Hollande is making sure she’s on his side.” Ms Royal shuts down when asked about Mr Hollande and the next presidential elections: “I’m not saying anything on this.” ©AFP Ségolène Royal earlier this month with François Hollande, French president and her former husband But her appeal to leftwing working class voters and the environmentally minded would help the president mend fences with an electorate who feels betrayed by the government’s midterm pro-business shift, according to Francois Miquet-Marty, a pollster at ViaVoice. “She is vital to unify the different factions of the left,” says Mr Miquet-Marty. Ms Royal defends Mr Hollande’s legislation intended to insert a dose of flexibility in the country’s labour market. It tore the socialist party apart, sparked union protests and forced the government to use decree powers to bypass parliament earlier this week. It was an attempt to “better take into account the constraints of companies while maintaining employees’ rights,” she says. “We need to make companies more agile, but the problem is, they don’t always have virtuous behaviours,” she adds. Ms Royal, who became a member of the socialist party in 1978, when she entered ENA — the elite school that grooms France’s top civil servants and where she met Mr Hollande — criticises the market-oriented approaches pushed by Emmanuel Macron, the 38-year old economy minister who has emerged as a potential rival to Mr Hollande for next year’s presidential elections. She dismisses Mr Macron’s views that too much work protection and regulation have created a world of insiders clinging to their long-term jobs and benefits at the expense of outsiders who struggle on temporary contracts or make up France’s 10 per cent unemployed. “I do not share this vision, which is a bit backward looking, because with this kind of reasoning, you end up resenting the railways workers just because they managed to secure some rights,” she said. “You don’t want all workers to become precarious; ideally you want all the employees with secure jobs.” The daughter of a navy colonel who divorced her mother and left her in charge of eight children, Ms Royal says the rise of the far-right National Front is due to “a fear of identity loss, the disintegration of families, massive migratory movements, climate change.” “It is the fear of losing an idealised past for a future unknown that no one can draw,” said Ms Royal, who chairs the UN’s climate change conference and as such is the guardian of last year’s Paris accord. “It’s the increasing inequalities, with the poor who get poorer, the middle class that stumbles and the wealthy who get wealthier.” Feminism has also been a constant feature in her career. Ms Royal says she always picks the female candidate among two equally skilled applicants. She says she was instrumental in the choice of Isabelle Kocher as head of Engie, the state-backed gas supplier. Ms Kocher is the first French female chief executive of a CAC 40 company. “If she had been a man, it’s not certain that she would be there,” Ms Royal says. “It’s a shame that women who succeed don’t use their success as a symbol for the other women. I’ve always said that I was here too to open doors for women.” Copyright The Financial Times Limited 2016. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web. Source link

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Architects confidence stays strong

Confidence in the North of England and Northern Ireland catches up with rest of UK Anecdotal evidence suggests practices starting to struggle to attract skilled staff Housing remains the most resilient sector despite slipping back in November The RIBA Future Trends Workload Index fell back this month, standing at +29 in November 2014 compared with +37 in October 2014, but remaining firmly in very positive territory. In terms of geographical analysis the highest balance figures were in Northern Ireland (+50) and the North of England (+46), as some of the areas that were initially the slowest to indicate a return to growth continue to catch up with the rest of the country.  Workload forecast balance figures were positive in all nations and regions of the United Kingdom in November. In terms of practice size, small practices (1 – 10 staff), with a balance figure of +23, stay positive about the outlook for future workloads, but medium-sized practices (11 – 50 staff) with a balance figure of +70 and large-sized practices (51+ staff) with a balance figure of +60 remain even more optimistic about the likely shape of their medium term order books. In terms of different work sectors, the private housing sector workload forecast fell back somewhat to +26 in October 2014, down from +34 in November 2014, but remaining the most buoyant of our sector forecasts.  The commercial sector workload forecast continued its recent steady upward trend, nudging ahead by a single point to stand at +20 in November 2014; clearly a sign that practices anticipate the growth this sector has experienced in 2014 to continue in the New Year. Our participating practices continue to predict stability but little growth in public sector work (balance figure +3) and there remain few signs of any significant increase in the community sector commissions (balance figure +5).   The RIBA Future Trends Staffing Index stands at +11 in November 2014, down a little from +14 in October 2014, but remaining strongly in positive territory, with only 4% of practices predicting a decrease in overall permanent staffing levels over the next quarter.  Medium-sized practices (11 – 50 staff) with a balance figure of +52 and large practices (51+ staff) with a balance figure of +40 continue to be more confident about their ability to sustain higher staffing levels in the medium term. In November 2014, the percentage of our respondents reporting that they had personally been under-employed in the last month was 12%, representing the lowest level since our survey began in January 2009, and suggesting that most of the spare capacity retained within the profession during the recession is now being productively employed.  Prospects for salaried architects going into 2015 look better than they have been for a number of years.  Our practices report that they are currently employing 6% more year-out and post Part 2 students than they were 12 months ago. RIBA Director of Practice Adrian Dobson said: “We are beginning to see the first real evidence of practices encountering difficulties in attracting new staff with the right mix of skills and experience.  This seems to be a countrywide phenomenon and not particularly confined to specific geographical locations.  “There are also reports of an increasing gap between the salary expectations of applicants and potential employers.  At the present time profit margins remain tight for many practices, as a legacy of the long recession which inevitably depressed fee levels, and this is clearly constraining the capacity of practices to increase salary offers.” ENDS Notes to editors 1. For further press information contact the RIBA Press Office: 020 7307 3761 pressoffice@riba.org 2. The Royal Institute of British Architects (RIBA) champions better buildings, communities and the environment through architecture and our members. 3. Completed by a mix of small, medium and large firms based on a geographically representative sample, the RIBA Future Trends Survey was launched in January 2009 to monitor business and employment trends affecting the architects’ profession. 4. The Future Trends Survey is carried out by the RIBA in partnership with the Fees Bureau. Results of the survey, including a full graphical analysis, are published each month at: http://www.architecture.com/RIBA/Professionalsupport/FutureTrendsSurvey.aspx 5. To participate in the RIBA Future Trends Survey, please contact the RIBA Practice Department on 020 7307 3749 or email practice@riba.org.  The survey takes approximately five minutes to complete each month, and all returns are independently processed in strict confidence 6. The definition for the workload balance figure is the difference between those expecting more work and those expecting less. A negative figure means more respondents expect less work than those expecting more work.  This figure is used to represent the RIBA Future Trends Workload Index, which for November 2014 was +29 7. The definition for the staffing balance figure is the difference between those expecting to employ more permanent staff in the next three months and those expecting to employ fewer. A negative figure means more respondents expect to employ fewer permanent staff.  This figure is used to represent the RIBA Future Trends Staffing Index, which for November 2014 was +11   Posted on Thursday 18th December 2014 Source link

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Moving one train stop could save you £118,000

Moving one train stop could save you £118,000 Although it is essentially a bit of fun, it’s always interesting to see which pockets of the nation are outperforming the rest from a property point of view, as well as the big jumps between stations Hybrid estate agent, eMoov.co.uk, has released its latest research into the UK property market, charting the average house price across each overground train station in England, Wales and Scotland. eMoov previously conducted the same research across each of the London Underground tube stations and have now applied it to train stations the length and breadth of the nation. eMoov grouped each of London’s 14 major terminals to determine the overall London average of £1,024,070, the highest across the nation as you could probably have guessed. Outside of the central London bubble, the average property price across all stations came nowhere close to the capital, just tipping £221,000. Even outside of London’s main terminals the capital accounted for the highest house price of all stations on the map, with property prices around Wimbledon costing an average of £736,000. Outside of the capital as a whole, Henley-on-Thames is the most expensive place to purchase a property on the rail network, with the average property costing £731,000. At just £58,000, Treherbert in Wales offers the lowest property price point on the entire rail network. That’s more than 12 properties for the price of one around Henley-on-Thames, but you would have to forgo the yearly regatta. Although for the sake of a four-hour train journey and £40, you could still make the regatta and save yourself nearly £673,000. Russell Quirk, founder and CEO of eMoov.co.uk, commented:  “Although it is essentially a bit of fun, it’s always interesting to see which pockets of the nation are outperforming the rest from a property point of view, as well as the big jumps between stations. For example, a property around Kirkham and Wesham station will set you back over £200,000, one stop down the line to Blackpool North and this drops to just £82,000. The latest trend for homeowners in London has been to forsake the capital’s inflated property market for the commuter belt surrounding it. But when you look elsewhere in the country there are other examples of homeowners opting to live outside larger cities to save on the price of their property. This property rail map allows you to visualise these. Making the choice to commute one stop from Thornaby into Middlesbrough can save you nearly £40,000. One stop from Swansea to Llanelli means paying over £30,000 less for a property. Even far down west, one stop from Newquay to Par saves you nearly £70,000!” Source link

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