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The ultimate party pad? Swedish DJ Eric Prydz is selling his £1.55m pad with indoor hot tub included in the mix

  • Swedish DJ Eric Prydz is selling his property in London’s Chiswick for £1.55m
  • The DJ is best known for his single Call On Me and won DJ of the Year in 2017
  • The flat has a large living area with a hot tub that can be viewed from the sofa










He is best known for his 2004 single Call on Me and has enjoyed homes around the world, including Los Angeles.

But its Swedish DJ Eric Prydz’s London pad that has caught our eye due to its striking minimalist design and unusual layout.

Listed for £1.55million, it includes an indoor hot tub and double volume ceilings. 

Swedish DJ Eric Prydz is selling his property (pictured) in London's Chiswick for £1.55million

Swedish DJ Eric Prydz is selling his property (pictured) in London’s Chiswick for £1.55million

The flat has a 30ft open plan living area with a dark kitchen partially tucked under a floating staircase

The flat has a 30ft open plan living area with a dark kitchen partially tucked under a floating staircase

The monochrome flat in Chiswick has a 30ft open plan living area with a dark kitchen partially tucked under a floating staircase and a hot tub that can be viewed from the sofa.

The loft-style abode has plenty of light due to the floor to ceiling glass, but total privacy is provided when required with blackout blinds – which also give a nightclub feel.

While you may not need ID to get into the property, you can only access it via the secure gated entrance, and the development has a concierge. 

It also boasts underground parking, a residents gym and a private west-facing garden.

This outdoor area runs the full width of the property, providing extra space for dancing the night away with friends.

The loft-style property has plenty of light due to the vast floor to ceiling glass windows across one wall

The loft-style property has plenty of light due to the vast floor to ceiling glass windows across one wall

The Swedish DJ is best known for his single Call On Me, and won DJ of the Year in 2017

The Swedish DJ is best known for his single Call On Me, and won DJ of the Year in 2017

The living area includes a large hot tub that is perfect to help create a party atmosphere

The living area includes a large hot tub that is perfect to help create a party atmosphere

The property also boasts underground parking, a residents gym and a private west-facing garden

The property also boasts underground parking, a residents gym and a private west-facing garden

James Cox, of Fletchers, the estate agent handling the sale, said: ‘This apartment is truly unique because of the fantastic light coming in from floor-to-ceiling windows.

‘It’s rare to find a property in London that can offer sheer size and height, but it offers double volume ceilings, an abundance of space and a modern open-plan design that’s sure to appeal to buyers.’

The property is leasehold and is part of a luxury development called Chiswick Green Studios

The property is leasehold and is part of a luxury development called Chiswick Green Studios

The celebrity home has a minimalist style and is on the market via Fletchers estate agents

The celebrity home has a minimalist style and is on the market via Fletchers estate agents

On the upper floor, there is also a sauna and a shower suite with luxury fixtures and fittings

On the upper floor, there is also a sauna and a shower suite with luxury fixtures and fittings

The property has two double bedrooms with large walk-in wardrobes on the upper floor

The property has two double bedrooms with large walk-in wardrobes on the upper floor

The property spreads across two levels with two double bedrooms with walk-in wardrobes on the upper floor, where is also a luxury shower suite and sauna.

It is leasehold and is part of a development called Chiswick Green Studios, which is within half a mile of Chiswick Park Station.

The average price of a property sold in Chiswick during the past year is £1,027,569, based on 508 homes sold during this period.

It is contrast to an average sold price of £329,291 for the country as a whole, according to property website Zoopla.

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After France reopened its borders to British travellers, there was a huge sigh of relief among British skiers.

The French Alps are the number one skiing destination for Britons and many feel it’s high time to get back on the slopes and enjoy the mountains once again. 

One location that’s very popular with British holidaymakers and second home buyers is the smaller resort of Les Gets in the French Alps. It is is only an hour’s drive from Geneva Airport – making it the perfect destination for British skiers and snowboarders looking for easy access to the Alps. 

You can leave your desk at 5pm on a Friday evening and be in the resort that night. That kind of easy access will leave some dreaming of a property, so that they can make the most of their holidays and perhaps squeeze in a few more.   

British holidaymakers can once again travel to France after the country eased Covid restrictions

British holidaymakers can once again travel to France after the country eased Covid restrictions

We take a look at a development of three properties for sale in the French ski resort of Les Gets (pictured)

We take a look at a development of three properties for sale in the French ski resort of Les Gets (pictured)

A new development of just three chalets being built in Les Gets features the kind of homes many skiers would love, but the price tags starting at more than £1.5million will be beyond the reach of many.

The prices reflect how Les Gets popularity, accessibility and limited supply of properties mean there is huge demand for holiday homes in the area.

You will need deep pockets if you want to own a home in Les Gets. But the builders of this development are keen to stress that the properties are ‘keenly priced’ for the local property market. 

The four-bedroom chalets spanning across three levels are available via skiingproperty.com from €1,848,000 euros, the equivalent of £1,536,762. It is rare to find a whole chalet in the area for less than €2million, the equivalent of £1,670,890.

However, it is possible to buy in Les Gets on smaller budgets, if you are happy to have an apartment instead of a chalet. As we highlight below, good quality apartments can be bought for around the £300,000 mark. 

The chalets can be found on the Route des Chavannes, a two-minute drive from the main Chavannes ski lifts, although skiers can take the Gentian piste down to the Gibannaz area and walk just 300 metres to the front door of the chalets.

The luxury chalets are each sold as freehold and if the new owners want to rent them out, they do so under their own arrangements once purchased.

The freehold chalets in Les Gets have yet to be completed (pictured: computer generated images of what the properties will look like once they are finished)

The freehold chalets in Les Gets have yet to be completed (pictured: computer generated images of what the properties will look like once they are finished)

Les Gets (pictured) is popular among British skiers and snowboarders in the winter, and keen mountain bike riders and hikers in the summer

Les Gets (pictured) is popular among British skiers and snowboarders in the winter, and keen mountain bike riders and hikers in the summer

Les Gets is a ski resort that is part of the huge Portes du Soleil ski network, one of the world’s largest that links 13 different villages including Morzine and Avoriaz

Les Gets is a ski resort that is part of the huge Portes du Soleil ski network, one of the world’s largest that links 13 different villages including Morzine and Avoriaz

Les Gets is popular among British skiers and snowboarders in the winter, as well as keen mountain bike riders and hikers in the summer.

The ski resort is part of the huge Portes du Soleil ski network, one of the world’s largest that links 13 different villages including Morzine, Avoriaz and Chalet on the French side and Champéry, Les Crosets and Morgins on the Swiss side.

During the summer, the bike park at Les Gets offers one of the largest network of mountain biking trails for all levels in the Alps.

There are also several famous mountain passes – known as ‘cols’ – that are often used during sections of the Tour de France cycling race.

Les Gets can be reached from Geneva Airport in around one hour by car and it is also one of the closest major ski resorts that can be reached by car from Britain.

Les Gets can be reached from Geneva Airport in around one hour by car and it is also one of the closest major ski resorts that can be reached by car from Britain

Les Gets can be reached from Geneva Airport in around one hour by car and it is also one of the closest major ski resorts that can be reached by car from Britain

An artists impression of what the interiors of the chalets could look like

An artists impression of what the interiors of the chalets could look like 

The new build chalets have four double bedrooms, three bathrooms and 314 square metres of living space.

They extend across three floors, with ensuite bathrooms for the two bedrooms on the top floor and a shared bathroom for the two bedrooms on the lower floor. The top floor bedrooms also have balconies with mountains views.

The main floor includes two separate living areas and an open plan kitchen. There is a large balcony, a private garden and a garage.

Les Gets is well-known for its family appeal, and this four-bedroom property is ideal for families looking for winter and summer holiday accommodation in the French Alps.

Because the property is being sold as a classic freehold, the owners can choose to live in the property or use it as a holiday home. They can also choose the rent the property out when they are not using it.

Prices for the four-bed chalets start at €1,848,000 euros, the equivalent of £1,536,762

Prices for the four-bed chalets start at €1,848,000 euros, the equivalent of £1,536,762

During winter, Mont Chery offers some hidden off-piste skiing mostly known only to locals

During winter, Mont Chery offers some hidden off-piste skiing mostly known only to locals

Les Gets flats for sale under £400k 

This one-bed flat is in La Turche neighbourhood

This one-bed is in the La Turche neighbourhood

Les Gets also offers properties for sale for those with a smaller budget.

Properties currently for sale include a one-bedroom apartment for sale via skiingproperty.com, which has a price tag of £391,011. 

It is part of a new-build block of 21 apartments, each with their own balcony.

The ski-in ski-out flat is in the La Turche neighbourhood, which is just five minutes away by car.

This two-bed apartment is just 200 metres from the ski lift in Les Perrieres

This two-bed apartment is just 200 metres from the ski lift in Les Perrieres

Also available is a two-bed apartment that is just 200 metres from the ski lift in Les Perrieres, at the entrance Les Gets ski resort.

The traditional style new build flat is on the market via skiingproperty.com for £310,936.

The pretty resort of Les Gets is a traditional Alpine village with classic chalet style accommodation.

During the summer, the network of hiking trails is vast. The cable car to Mont Chery offers incredible views of Western Europe’s highest peak, Mont Blanc, and the easy trail from the cable car station to Mont Caly offers some of the best views in the Alps. 

Recommended lunch venues include Les Chevrelles, a pretty farmhouse restaurant at the end of the walk, it is then possible to take the ‘petit train’ back to the village centre.

During winter, Mont Chery offers some hidden off-piste skiing mostly known only to locals.

La Grande Ourse is a mountain restaurant on the slopes of Mont Chery where the British owners – and chef – organise weekly dinners where they will bring diners up in cat track vehicles. The fantastic food is known throughout the area and it’s popular with both British and French guests.

The three chalets for sale are unfurnished. As a new build property, the buyer will benefit from a lower notary fee of 2 per cent – resale properties have much higher fees of 7 to 8 per cent -, allowing for further savings.

In the future, if the owner decides to rent out their chalet when they are not using it, they can reclaim the 20 per cent VAT from the property purchase price, providing that certain conditions are met.

We are open and ready to welcome British skiers and snowboarders back to our slopes for the rest of the winter 

Julian Walker, of skiingproperty.com, said: ‘This is a rare opportunity to purchase a new chalet in a resort that normally sees prices for similar properties well in excess of €2million. Les Gets is a great summer and winter destination and just an hour’s drive from Geneva Airport, making it an attractive offering for families. The past two summers have seen record numbers of visitors in the resort as people flock to the mountain for the fresh air and space’. 

And Les Gets’ tourist office director Alexis Bongard, said: ‘We are delighted that the French Government has finally lifted these border restrictions that impacted Les Gets so badly, and of course created so much stress and worry for British people heading here. 

‘We are open and ready to welcome British skiers and snowboarders back to our slopes for the rest of the winter, it felt very strange without you here.’ 

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The number of first-time buyers has reached record levels in the midst of runaway house prices.

Numbers are up 35 per cent, from 303,970 in 2020 to 409,370 in 2021, according to the annual study by Halifax.

And for the first time, the typical age of a buyer is 30-plus in every region. 

The higher levels come at a time when first-time buyers are having to balance saving up as much as they can for a deposit while trying to get onto the property ladder in a red hot market.

The number of first-time buyers in Britain has reached a record level, according to Halifax

The number of first-time buyers in Britain has reached a record level, according to Halifax

NUMBER OF FIRST-TIME BUYERS FROM 2009 THROUGH TO 2021
Number of first-time buyers Annual % change FTBs as % of all house purchases loans
2009 193,940 39%
2010 193,590 0% 37%
2011 187,990 -3% 38%
2012 211,920 13% 40%
2013 258,210 22% 44%
2014 310,280 20% 46%
2015 298,090 -4% 46%
2016 328,500 10% 48%
2017 345,920 5% 49%
2018 353,120 2% 50%
2019 351,260 -1% 51%
2020 303,970 -13% 50%
2021* 409,370 35% 48%
Sources: UK Finance and *Halifax estimate for 2021   

The average price of a home in Britain rose £24,000 last year to £276,091.

All regions across Britain saw a marked rise in the number of first-time buyers, with the biggest increase being in London where numbers rose 49 per cent.

The smallest increase was in Scotland, but even in this region, numbers rose by a quarter.

The number of first-time buyers has more than doubled over the last 10 years in every region except London.

There has been a 118 per cent increase since 2011, up from 187,990 first-time buyers that year.

NUMBER OF FIRST-TIME BUYERS ACROSS DIFFERENT REGIONS
Region 2011 2020 2021* 10-year change 1-year change
North 8,370 13,890 18,422 120% 33%
Yorkshire and the Humber 15,010 25,070 32,792 118% 31%
East Midlands 12,780 23,110 29,850 134% 29%
East Anglia 6,750 11,010 14,640 117% 33%
Greater London 31,290 38,140 56,857 82% 49%
South East 36,630 61,250 85,666 134% 40%
South West 14,670 24,250 32,017 118% 32%
West Midlands 14,740 25,570 33,798 129% 32%
North West 18,470 32,050 40,748 121% 27%
Wales 8,060 12,310 16,815 109% 37%
Scotland 16,220 28,740 35,627 120% 24%
N. Ireland 4,690 8,570 12,110 158% 41%
UK** 187,990 303,970 409,370 118% 35%
Source: Halifax           

As more buyers entered the market, the average first-time buyer deposit fell 6 per cent for Britain.

Halifax explained that the fall in the average deposit was set against a rise in the average purchase price of first homes, meaning that overall the gap between purchase price and deposit widened in every region.

This includes the South West where the average house prices has risen 5 per cent, from £239,434 in 2020 to £252,263 in 2021. At the same time, the average deposit in the region dropped 3 per cent in a year from £51,178 to £49,592 in 2021.

Amid lower affordability, the average age at which someone buys their first home has risen.

The average age of a first-time buyer now stands at 32, up from 29 in 2011 and is now over 30 in every region.

Clackmannanshire has been named as one of the most affordable places for first-time buyers (pictured; the county's town of Alloa)

Clackmannanshire has been named as one of the most affordable places for first-time buyers (pictured; the county’s town of Alloa)

AVERAGE HOUSE PRICE AND AVERAGE DEPOSITS AMONG FIRST-TIME BUYERS
Region Average House Price 2020 (£s) Average House Price 2021 (£s) 1 Yr % change in Average Price Average Deposit 2020 (£s) Average Deposit 2021 (£s) Deposit as % of purchase price 2021 1 Year % change in Deposit
London 488,771 475,819 -3% 130,281 115,759 24% -11%
Scotland 154,821 166,919 8% 35,607 37,038 22% 4%
South West 239,434 252,263 5% 51,178 49,592 20% -3%
South East 322,386 320,591 -1% 66,706 60,953 19% -9%
Northern Ireland 147,394 156,594 6% 29,546 29,199 19% -1%
Wales 165,272 180,392 9% 32,368 33,622 19% 4%
East of England 297,548 303,166 2% 58,531 55,250 18% -6%
North West 175,389 189,588 8% 34,185 33,983 18% -1%
West Midlands 204,948 209,270 2% 41,928 37,159 18% -11%
East Midlands 199,503 210,203 5% 39,077 37,171 18% -5%
North East 145,254 151,814 5% 28,643 26,769 18% -7%
Yorks & Humber 167,267 177,683 6% 33,032 31,212 18% -6%
UK 256,057 264,140 3% 57,278 53,935 20% -6%
Source: Halifax             

Esther Dijkstra, of Halifax, said: ‘There were a number of factors influencing home buying decisions in 2021. 

‘While working from home and the “race for space” was key for many, particularly movers, it is clear that the Stamp Duty holiday increased the availability of first-rung homes as others moved up the ladder.

‘Lifestyles have changed. Over time more people have chosen to go on to higher education, go travelling, or move around for work, which are all factors in the increase in first-time buyer age.

‘However, undoubtedly, the biggest drivers are the cost of homes and the need to save a significant deposit to get on the housing ladder.

‘In 2021, the increase in average house price to £264,140, combined with difficulties in raising a deposit, meant that the gap between purchase price and deposit widened in every region in the UK.’

Merton saw affordability halved: This three-bed semi-detached house between Wimbledon and Colliers Wood is for sale for £799,950 via Dexters estate agents

Merton saw affordability halved: This three-bed semi-detached house between Wimbledon and Colliers Wood is for sale for £799,950 via Dexters estate agents

AREAS WITH THE BIGGEST CHANGES IN AFFORDABILITY
Local Authority Average price 12 months to Dec 2021 (£) Ave earnings 2021 est (£) P/E ratio 2021 P/E ratio 2011 Deterioration in affordability
Merton 513,811 51,880 9.9 4.8 108%
Reigate and Banstead 386,719 47,929 8.1 4.1 97%
South Kesteven 250,788 36,152 6.9 3.6 94%
Westminster 682,361 67,962 10 5.2 94%
Ashford 298,239 35,216 8.5 4.4 92%
Source; Halifax           
Pictured: Camden in London is among the least affordable locations for first-time buyers

Pictured: Camden in London is among the least affordable locations for first-time buyers

The growth of house prices has outstripped that of incomes, with the average price of property for first-time buyers now being 6.9 times their salary.

It follows Halifax announcing earlier this month that house prices rose by £24,500 last year, with average values now standing at £276,091. 

The lender said affordability has fallen since 2011 in all but three local authorities, which are Clackmannanshire, Moray and East Ayrhsire.

Merton saw this price to earnings ratio more than double, which means that affordability halved, while Reigate and Banstead nearly doubled.

The price of an average first-time home is now less than four times the average income – which is considered to be the limit for affordability – in only 15 local authorities around the Britain.

The least affordable local authority for first-time buyers is the London borough of Brent, where homes are 12.3 times average earnings.

By contrast, the most affordable is Clackmannanshire in Scotland, where it is only three times.

Least affordable is London's Brent where this five-bed semi-detached house is for sale for £650,000 via Drivers & Norris estate agents

Least affordable is London’s Brent where this five-bed semi-detached house is for sale for £650,000 via Drivers & Norris estate agents

MOST AFFORDABLE AREAS FOR FIRST-TIME BUYERS
Local Authority Region P/E Ratio 2021
Clackmannanshire Scotland 3
West Dunbartonshire Scotland 3.2
East Ayrshire Scotland 3.2
North Ayrshire Scotland 3.3
Renfrewshire Scotland 3.5
Source; Halifax     
LEAST AFFORDABLE AREAS FOR FIRST-TIME BUYERS
Local Authority Region P/E Ratio 2021
Brent London 12.3
Camden London 12.2
Haringey London 11.4
Waltham Forest London 10.9
Hillingdon London 10.6
Source: Halifax     
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We may still be in January but the race is already under way in the 2022 housing market — and for canny sellers, there’s no time to lose. 

The average asking price of property coming to market across the UK since the New Year is £341,019, according to Rightmove. 

That’s 7.6 per cent more than a year ago and is the highest annual rate of price growth recorded by the property website since 2016.

But some analysts say we’re nearing the top of the market.

Boom time: The average asking price of property coming to market across the UK since the New Year is £341,019, - 7.6% more than a year ago

Boom time: The average asking price of property coming to market across the UK since the New Year is £341,019, – 7.6% more than a year ago

‘House price growth may start to tail off,’ says Jason Tebb, chief executive of another property website OnTheMarket. 

‘It remains the best time in two decades to sell, but it could be argued that it is better to do so sooner rather than later.’

On top of that, a cost of living crisis led by anticipated soaring energy bills and higher inflation means the economy may be in better shape now than at any time for the rest of this year.

So if you’re in a hurry, choosing the right agent is essential. Here are our top tips for doing just that:

Showing what you’ve got

‘If your home has unique features, choose an agent with the best photography and marketing — for example, drone footage if it’s near countryside.

If it is in an area filled with similar properties, such as townhouses, find out which agent is getting the highest price and focus less on flashy marketing,’ says Claire Coode, of Stacks Property Search, a buying agency.

Quiz friends

Find out from neighbours, friends, family members and workmates who have recently sold, which agents and companies in the area performed well, and which didn’t.

Check credentials

Sold! An agent hands over the keys

Sold! An agent hands over the keys

Nathan Emerson, chief executive of Propertymark — a trade group — says the best quality agents are likely to be those who have qualifications and join a professional body even though neither is mandatory.

‘Having an agent that’s qualified and a member of a body shows a voluntary drive and professional commitment for keeping standards and knowledge high,’ he says.

Put them to the test

When you ask for a market appraisal or valuation of your home, you’ll probably be visited by a senior professional from the agency, but you may never see him or her again during the sales process.

So Alex Lyle, director of London estate agency Antony Roberts, suggests trying a new tactic: ‘Ask a friend or family member to mystery shop the office to get a feel for how good the team is.’

Shortlist the best

Don’t necessarily invite every agent in your area to pitch for your business, but do ask at least three good ones. 

They should tell you the good and bad points about your property, explain a marketing strategy and suggest an asking price.

When deciding which three to invite consider checking comparison websites like GetAgent.co.uk or the estate agent comparison tool ea4me.hoa.org.uk operated by the HomeOwners Alliance, a consumer group.

Ask Questions

Feel free to ask how the agent operates. Iain McKenzie, chief executive of The Guild of Property Professionals, suggests these: ‘What’s your strategy to obtain best price? What network or associated offices do you work with?

 How effective has your marketing been for other homes in the area? How will you keep me fully up to date?’

Check the fees

The average fee is now 1.2 per cent of the sale price plus VAT. For a £500,000 home that’s a fee of £6,000, plus £1,200 VAT, payable when the sale is completed.

There are big regional variations ranging from just 0.75 to 3 per cent plus VAT — agents operating in London and big cities, and those selling the largest properties, typically charge the highest fees.

And check out the agents’ conditions for Sole Agency (where one agent has the exclusive right to sell your home for an agreed period) or Multi Agency (where several agents market your home).

Online vs traditional

Despite bargain basement fees, online agents have never won more than 10 per cent of the market share.

The weakness of some online firms is in chasing through a deal — once an offer is made, a good High Street agent will have staff and time to chase conveyancers, surveyors and mortgage firms plus all the other sellers in a property chain. Most online agents don’t have the resources to do this.

Small print

Typically a contract with an estate agent is for 12 or 16 weeks. That’s often plenty of time to find a seller but if you don’t succeed, you can’t move to another agency until the term has expired.

On the market… for a quick sale

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Just your type? Former home of Heart of Darkness writer Joseph Conrad is for sale for £1,625,000

  • The four-bed terrace property in London’s Pimlico is for sale for £1,625,000
  • The house boasts French Cheville parquet flooring and Cole & Son wallpaper
  • The Polish-British novelist wrote novels such as the Heart of Darkness










A terrace townhouse in the heart of London that once belonged to the novelist Joseph Conrad is for sale for £1,625,000.

The pretty property in Pimlico has a blue plaque on the front confirming the writer once lived there.

It is described by the estate agents MyLondonHome as ‘a piece of English Heritage’ and is part of an attractive row of terrace homes yards from Pimlico’s shops and cafes.

The four-bed terrace property in London's Pimlico was once the home of Joseph Conrad and is currently for sale for £1,625,000

The four-bed terrace property in London’s Pimlico was once the home of Joseph Conrad and is currently for sale for £1,625,000

The house features wallpaper from Cole & Son

Joseph Conrad (pictured) once lived at the property

Joseph Conrad (pictured) once lived at the property, which now includes design features such as Cole & Son wallpaper

Inside the house, there is French Cheville parquet flooring, as well as a lounge with wallpaper from the Cole & Son Ardmore collection.

The same room has an original feature fireplace and leads to a separate study area via double doors.

The house extends across four floors, with the kitchen in the basement and a main en-suite bedroom on the top level.

The living room includes French Cheville parquet flooring and wallpaper from the Cole & Son Ardmore collection

The living room includes French Cheville parquet flooring and wallpaper from the Cole & Son Ardmore collection

The Polish-British novelist was born in 1857 and is best known for his works such as the Heart of Darkness.

Almost all of Conrad’s writings were first published in newspapers and magazines, including the Daily Mail.

His work didn’t become widely popular until 1913 with the publication of Chance, although that is often considered to be one of his weaker novels.

Plenty of storage: The dining room has part of the wall filed with books and water bottles

Plenty of storage: The dining room has part of the wall filed with books and water bottles

The kitchen is in the basement and has white cabinets with contrasting marble worktops

The kitchen is in the basement and has white cabinets with contrasting marble worktops

The London townhouse extends across four floors, with a main en-suite bedroom on the top level

The London townhouse extends across four floors, with a main en-suite bedroom on the top level

The house has good access to public transport, being only a short walk from Victoria station with its Overground and Underground lines.

The average price of a home sold in Pimlico during the past 12 months is £1,158,712, according to property website Zoopla.

It is three and a half times as much as the average value of a home in Britain, which stands at £329,291.

Daniel Copley, of Zoopla, said: ‘This charming terraced house would make the perfect home for a buyer searching for a period property with plenty of character. Not only does the property have an original feature fireplace and beautiful parquet flooring, but it’s also the former residence of the acclaimed novelist Joseph Conrad, who wrote several books in the property.’

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I’m stuck in my leasehold flat due to cladding issues in the block. I can’t sell due to the prospect of a bill for remediation works, which include ‘unsafe cladding, flammable balconies and missing cavity barriers’. 

Will Michael Gove’s new proposals help me? LB

Leaseholders face fire safety bills of hundreds of thousands of pounds following the cladding scandal (pictured: Cladding victim and campaigner Sophie Bichener)

Leaseholders face fire safety bills of hundreds of thousands of pounds following the cladding scandal (pictured: Cladding victim and campaigner Sophie Bichener)

MailOnline Property expert Myra Butterworth replies: Cladding issues have made life a misery for leaseholders across the country.

Many are facing the real prospect of bankruptcy due to fire safety repair bills that can run into hundreds of thousands of pounds per flat.

The issue is that the owners are unable to sell the properties until the buildings are proved to be safe, leaving those who would like to move them stuck in their homes and also seeing monthly bills rise, as they are potentially unable to remortgage. 

Leaseholders have cautiously welcomed the housing secretary’s recent statement that they were ‘trapped’ and that it was time to protect them and make ‘industry pay’.

At the same time, Michael Gove, the Secretary of State for Levelling Up, Housing and Communities, announced: ‘We will scrap proposals for loans and long-term debt for leaseholders in medium-rise buildings and give a guarantee that no leaseholder living in their own flat will pay a penny to fix dangerous cladding.’

However, the current reality for many of these flat owners is that they still face massive bills to cover interim fire measures running into thousands of pounds.

Tom Beak, a solicitor at law firm Kingsley Napley, replies: The short answer is maybe. However, I’m afraid there are ‘ifs’ and ‘buts’.

First, Michael Gove’s announcement did not introduce new legislation, it merely set out an intention to negotiate with developers and invite them to contribute to the latest remediation fund, specifically for ‘medium rise’ buildings.

Mr Gove hopes to have agreed a fully-funded plan of action by March, but if negotiations stall it is currently not clear what measures will be taken to force a solution on the developers concerned or indeed how long this will take.

Second, the focus of the new proposals is to cover the outstanding cost of remediation of unsafe cladding to buildings 11 to 18 metres tall. So if your building falls in that range you may benefit in due course. If it is over 18 metres, you must continue to rely on pre-existing policies.

If your building is less than 11 metres, I’m afraid you remain outside the scope of Government-led financial support. In fact, at present, there are no solutions proposed for buildings that are declared unsafe but are less than 11 metres tall, hence such buildings are likely to remain unmortgageable making it impossible for leaseholders to sell.

Unfortunately, if your building falls within this category, the new proposals only offer the hope that the Government’s change in advice on building safety assessments encourages lenders to relax their position and return to lending on such properties.

It may also not be plain sailing if your block is ‘medium rise’. We await details of the precise eligibility criteria as to how the fund will be allocated. Despite the suggestion that ‘all leaseholders’ will be protected, previous policies have contained strict eligibility criteria for access to funds, so it is possible that not all buildings between 11 and 18 metres tall will qualify.

Of course, until we know that Mr Gove’s negotiations with developers are successful, there is no guarantee that the proposed remediation fund of £4billion will be available at all.

Other fire defects, such as flammable balconies, missing cavity barriers and replacing faulty fire doors are not covered 

Finally, the proposed remediation fund is designed to remove ‘unsafe cladding’ only. 

So, while you may well benefit from assistance with the cost of remedying the cladding issues on your building, other fire defects, such as flammable balconies, missing cavity barriers and replacing faulty fire doors are not covered. 

This is in keeping with previous policies, which have been criticised for providing partial solutions and making buildings ‘half safe’, with innocent leaseholders footing the remainder of the bill to remedy safety defects.

On the plus side, however, it is worth noting that the Government has scrapped its previous solution for 11 to 18 metres tall buildings that consisted of a long-term, low-interest loan for leaseholders. This would have added to leaseholders’ debt, rather ensuring that the ‘polluter’ pays.

In addition, Mr Gove’s announcement introduced fresh funds to cover common alarm systems on buildings that continue to use a waking watch.

This will be on top of the existing Waking Watch Relief Fund. Mr Gove also intends to enter discussions with the insurance sector to reduce insurance premiums that have soared in the wake of this safety crisis and to issue new proportionate guidance on building safety assessments. T

he hope is that this encourages the market and changes the ‘cautious approach’ adopted by buyers and lenders – which according to Mr Gove often ‘goes beyond’ what is necessary. Whether this is effective remains to be seen.

So while Mr Gove’s new proposals are a step in the right direction, much uncertainty remains. Provided that the proposed remediation fund can be realised swiftly and applied without unduly onerous eligibility criteria, it is surely a better solution than the previously proposed loan scheme.

However, it is likely that many leaseholders will continue to foot the bill for interim safety measures and struggle to sell their homes, until the practical effect of the changes are realised.

Without further, targeted policy or an extension of the remediation fund to cover fire safety defects beyond cladding, these defects will likely continue to be funded by leaseholders.

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Landlords are being reminded about the list of checks they need to do before renting out a property.

Lettings agents Douglas & Gordon have put together a handy list that landlords can work through to help the rental process go as smoothly as possible.

It includes checks such as making sure legal documents are obtained, including an energy performance certificate. 

It also suggests getting a thorough inventory that can help avoid potential disputes further down the line.

Landlords are being urged to make sure they up to date with the regulations and steps they need to take before renting a property

Landlords are being urged to make sure they up to date with the regulations and steps they need to take before renting a property 

Warren McCann, of Douglas & Gordon, said: ‘A happy tenant will stay in a property for longer, reduce void periods and set up costs of a new tenancy. 

‘Avoid the unnecessary conflicts that can easily escalate when the basic needs are not fulfilled. Do the basics and have a plan.’

Meanwhile, North London estate agent Jeremy Leaf said: ‘Landlords have to be so careful when letting property, particularly if they are considering managing it themselves as there are said to be 160 rules and regulations which impact the lettings sector.

‘Mistakes can be costly, not just in terms of losing money but prison sentences can be on the agenda too.’

Our checklist for landlords includes some useful information about the importance of inventories

Our checklist for landlords includes some useful information about the importance of inventories

He added: ‘Lettings agents have become more like compliance officers, trying to find the balance between the interests of landlords and tenants.

‘Some landlords believe that self managing means they are more likely to be off the hook for any offences than would be the case if agents are involved but this is simply not the case.

‘Landlords employing the services of an agent must ensure they use one who is suitably qualified and experienced so that they reduce the risk of having a dodgy tenant who does not pay the market rent or leave when you want them to.’ 

Here is the checklist for landlords, from lettings agent Douglas & Gordon… 

Energy Performance Certificate (EPC)

A property needs an energy performance certificate before it can be put on the market.

These certificates rate the energy efficiency and environmental impact of a property, on a scale from A to G. Landlords need an energy efficiency rating of E or above to rent a property.

An EPC is valid for 10 years and only needs to be renewed after this amount of time.

Electrical Installation Certificate Report (EICR)

Another legal document that a landlord must have before renting out their property is a satisfactory EICR report.

These last for five years, but must be compliant with the 18th edition of the wiring regulations. . The 18th edition of the wiring regulations is the most recent update to the national standards that electrical installations need to comply to, as set by the Institute of Engineering and Technology.

The electrician will test 10 per cent to 20 per cent of the wiring in the house and will also test sockets, switches, lights and the fuse board.

Any remedial work will need to be carried out before the tenancy can begin.

Gas

A property must also have a valid gas certificate making sure all appliances are safe to use.

These last a year, with your chosen estate agent and tenant required to have a copy of the valid certificate.

Portable Appliance Testing

Portable appliances should be safe for tenants to use.

Douglas & Gordon suggests making sure this is the case by booking in a PAT test, which it says only needs to be done once a year.

Smoke and carbon alarms

All properties require a working smoke alarm on every floor of the property.

And carbon monoxide alarms are also necessary where there is an open flue or wood burning appliance.

If the property requires a licence, the Local Authority may require a hard-wired smoke alarm.

Fire and furnishings

In line with the Furniture and Furnishings (Fire Safety) Regulations 1988, landlords need to make sure that all furniture in your property has the necessary labelling to prove that it is fire safe. explains Douglas & Gordon

This includes any upholstered furniture, as well as items such as beds, mattresses, pillows, and headboards.

Referencing

Landlords are also advised to get all tenants referenced to ensure they are the best suit for your property. It may also highlight any issues that could be a problem further down the line.

Licensing

There are three types of licencing in accordance with The Housing Act 2004.

Mandatory House of Multiple Occupancy (HMO) is nationwide and applies to properties with five or more occupants from two or more households.

Additional HMO Licensing is borough dependent and applies to properties with three of more occupants from two or more households.

Selective licencing is borough dependent and depends on the street the property is on.

Cleaning

It may be tempting to skip this item on this list as some landlords may see it as an unnecessary expense.

However, a professional clean can set the tone for how landlords expect the property to be kept – and left when the tenants move out.

As Douglas & Gordon explains: ‘This helps with the inventory and sets a standard for the tenants when they move out.’

Inventories (check ins and outs)

In the busy period of arranging a tenancy, an inventory can often be overlooked.

However, a professional inventory can prove to be one of the most useful documents if carried out by a trusted third party.

This is because it can help minimise any disputes about the condition of a property when a tenant leaves – and how it differs from the condition of the property at the start of the rental.

A trusted third party can go through the inventory and complete a check-in and check-out schedule.

Legionella

Landlords have a duty of care to ensure that the necessary precautions are taken to avoid stagnation of water that could lead to the growth of legionella.

These includes flushing out the system prior to letting the property if it has been sitting empty and avoiding debris getting into the system – such as ensuring the cold water tanks, where fitted, have a tight fitting lid.

It also includes setting control parameters – such as setting the temperature of the hot water cylinder to ensure water is stored at 60°c – and making sure any redundant pipework is removed.

Blind cords

New blinds with looped cords must have child safety devices installed at the point of manufacture or sold with the blind.

However, blinds installed earlier may not have these features.

Landlords are urged to make them safe by fitting a tidy, tensioner or a cleat. Tidies and tensioners should be firmly fixed to an adjoining surface so that the cord or chain are permanently held tight.

Cords should be fastened in a figure of eight after every use of the blind, making sure all the spare cord is secured on the cleat.

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The colour queen is back, so why has she painted a room black? Interior designer Sophie Robinson reveals new TV show Dream Home Makeovers

  • Channel 5’s Dream Home Makeovers with Sophie Robinson starts tonight at 7pm
  • The first episode sees Sophie paint one couple’s walls and ceilings black
  • We spoke to Sophie about what she loved most about the transformations










Interior designer Sophie Robinson is best known for her love of bright colours and work on TV shows DIY SOS and The Great Interior Designer Challenge.

And now she is adding to her screen credits with the new Channel 5 series Dream Home Makeovers with Sophie Robinson.

The show begins this evening – Wednesday – at 7pm with Sophie transforming two different homes. These include a large space in an old school house in Nottingham and rooms in a grand Georgian house.

We spoke exclusively to Sophie about what she loved most about the transformations in the first episode of the new show, including painting the walls and ceilings of one room entirely black.

Channel 5's Dream Home Makeovers with Sophie Robinson starts tonight at 7pm (Sophie is pictured left with homeowning couple Martin and Kirstie)

Channel 5’s Dream Home Makeovers with Sophie Robinson starts tonight at 7pm (Sophie is pictured left with homeowning couple Martin and Kirstie)

In the first episode, she helps one couple transform an old assembly room in a converted school house in Nottinghamshire.

The couple have different ideas about what they want the room to look like, with Martin wanting a large snooker table doubling up as a dining table, while Kirstie wants more of a boutique vibe.

Sophie explained that her approach in a room like this is to go for maximum impact, painting all four walls and the ceiling black.

She said painting it all black helped the space to feel homely especially when there is lots of layering, using accessories such as plenty of plants.

After painting one of the rooms black, Sophie used plenty of layering, using accessories such as plenty of plants, to help soft the impact

After painting one of the rooms black, Sophie used plenty of layering, using accessories such as plenty of plants, to help soft the impact

Sophie helped to transform a bland living room in Nottinghamshire
Sophie used black to paint the walls and ceilings as part of the transformation

Sophie helped to transform a bland living room in Nottinghamshire using black paint

Banning the beige: Sophie knew that the couple liked black as they had used it in their kitchen

Banning the beige: Sophie knew that the couple liked black as they had used it in their kitchen

Speaking to MailOnline Property, Sophie said: ‘I knew that Kirstie had just ordered a black kitchen and so I knew it was a colour they liked.

‘Dark colours can give a space atmosphere and drama, making it the perfect choice as that room was large, it felt chilly.

‘There was nothing nice about being in that space apart from all the light from the windows.’

She went on to admit: ‘I’ve never painted a room all black before and so I was interested to see the result.

‘I have a reputation for being the queen of colour with a very bright colour palette. But what I wanted to do with this programme was not just come in and do my thing.

‘I wanted to react to the homeowners and their personal tastes and spaces. So what you will get across this series is plenty of colour – but I have used pastel colours, dark colours and neutral colours. 

‘There is the full spectrum of colour and not just my particular love of bright colours.’

Sophie Robinson's newTV show Dream Home Makeovers starts tonight at 7pm (pictured left with homeowning couple Arabella and Mark, who also appear in the first episode)

Sophie Robinson’s newTV show Dream Home Makeovers starts tonight at 7pm (pictured left with homeowning couple Arabella and Mark, who also appear in the first episode)

Before the transformation: Arabella and Mark's living room with bland and uninspiring

Before the transformation: Arabella and Mark’s living room with bland and uninspiring

After the transformation: Arabella and Mark have seen their living room been given the Sophie Robinson magic

After the transformation: Arabella and Mark have seen their living room been given the Sophie Robinson magic

Meanwhile, in Middlesex, Sophie helps to transform the hallway and living room in a large grand Georgian house owned by Arabella and Mark.

Sophie points out that the living room is overflowing with stuff, but it is not the only room in the house that is full of Arabella’s collections.

The designer explains that many of the items could be used in the new design, but that she needs to be selective to avoid the spaces looking like a museum.

Sophie decides on a deep red paint and a large patterned wallpaper for the hallway. And she uses a smoky ink blue for the living room, which had been not been decorated for 13 years. 

Sophie said: ‘Arabella is passionate about interiors but she had too much stuff and so I had to make sure she didn’t bring everything in.

‘I lot of fun designing with her as it was all colour and all pattern, the crazier the better, and I was in my lane designing for her.’

Dream Home Makeovers start Wednesday at 7pm on Channel 5 

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It has become virtually impossible to find a family home to buy in London on an average salary, new research reveals.

House prices in the capital remain far out of reach for a family with a single average earner, despite the market being cooled by more people seeking to move out of the capital during the pandemic.

The median London salary at £39,719 is higher than the overall UK median salary at £31,285, according to the ONS, but for someone borrowing a mortgage of 4.5 times their earnings and buying with a 10 per cent deposit, this only stretches to a property costing around £200,000.

To highlight how difficult it would be for a single average earner family to buy a home, we looked at potential three-bedroom properties in London and found just five for sale on Zoopla costing £200,000 or less. And for many buyers, even this handful may not be suitable.

Most of the properties in our list were shared ownership, such as this townhouse in South East London's Thamesmead (scroll down for more details)

Most of the properties in our list were shared ownership, such as this townhouse in South East London’s Thamesmead (scroll down for more details)

All five listings have a feature that marks them out from the traditional definition of a home.

The majority are shared ownership, which means that you can only buy a proportion of the property – and that means their actual outright cost would be more than £200,000.

And finally, one of the three-bedroom properties in our list is not even on dry land, as it is a houseboat. 

Daniel Copley, of Zoopla, said: ‘Family homes in London on sale for under £200,000 are few and far between.’ 

In fact, the average price of a home in London is £507,230, up 4.2 per cent or £20,668 in a year, according to Nationwide. 

This is beyond even a London household with two median full-time salaries totalling £79,438, on which a 4.5 times earnings mortgage would stretch to £357,471. Added to a 10 per cent deposit – which is £50,700, based on the average London house price – that equates to just over £408,000.

The average London price compares to typical values standing at £253,113 for the whole of the UK, which is up 10.1 per cent or £23,294 in a year. 

North London estate agent Jeremy Leaf said: ‘Last year, average property prices outstripped average earnings and stayed there, which made it even more difficult to buy houses or flats with outside space as these were top of the wish list for those looking to move.

‘For first-time buyers, it was even more difficult to take that initial step onto the ladder without help from the Bank of Mum and Dad. The net result is evidenced in the Zoopla figures showing virtually no houses available in many parts of London, following multiple offers on anything reasonably decent at a fair price.

‘But all is not necessarily lost as the number of market appraisals is on the rise, as is often the case at this time of year. Providing owners can go back to work and children return to school, many of those should become listings and improve the balance between supply and demand, as well as help keep property prices in check.’

The five London homes for sale for less than £200k…

1. Three-bed house, South East London, £150k

This image has been computer generated, as this development of flats and townhouses in South East London's Thamesmead has yet to be finished

This image has been computer generated, as this development of flats and townhouses in South East London’s Thamesmead has yet to be finished

The three-bedroom houses are available to buy under shared ownership, and allow buyers to purchase between 30 per cent and 75 per cent of the property

The three-bedroom houses are available to buy under shared ownership, and allow buyers to purchase between 30 per cent and 75 per cent of the property

This three-bedroom house in South East London’s Thamesmead is for sale for £150,000.

It is part of a new development that has yet to be completed. The properties are shared ownership and allow buyers to purchase between 30 per cent and 75 per cent of the property.Buyers pay rent on the remaining unpurchased share.

As well as three bedrooms, the property has private parking and good access to public transport. It is half a mile from Abbey Wood train station, where Crossrail is scheduled to open this year, making Canary Wharf only 11 minutes away. It is available via Peabody.

2. Three-bed house, West London, £125k

This three-bedroom house in West London's Hayes has a full market value of £500,000, with a 25 per cent share being sold for £125,000

This three-bedroom house in West London’s Hayes has a full market value of £500,000, with a 25 per cent share being sold for £125,000

Rent is payable on the remaining share of £943.10 a month, and there is also a monthly service charge of £17.02

Rent is payable on the remaining share of £943.10 a month, and there is also a monthly service charge of £17.02

This three-bedroom house in West London’s Hayes has a full market value of £500,000.

A 25 per cent share of £125,000 is available to buy, with rent payable on the remaining share of £943.10 a month. There is also a monthly service charge of £17.02.

It is available via Catalyst and the listing states that ‘priority will be given to those who live or work in the Hillingdon local authority area’. 

3. Three-bed house, South East London, (price on application)

These three-bedroom townhouses in South East London's Sydenham have not yet been completed, but are expected by so within the coming months

These three-bedroom townhouses in South East London’s Sydenham have not yet been completed, but are expected by so within the coming months

These properties are shared ownership, meaning you will only be able to buy a share, with rent payable on the remaining amount

These properties are shared ownership, meaning you will only be able to buy a share, with rent payable on the remaining amount

These three-bedroom townhouses in South East London’s leafy Sydenham have not yet been completed, but are expected by so within the coming months.

Their prices have also not been revealed and are only available on enquiry from serious buyers. However, they were included in our search on Zoopla for three-bed homes in London costing less than £200,000.

That price, however, is not the full market value as these properties are shared ownership, meaning you will only be able to buy a share, with rent payable on the remaining amount. The houses are available via Peabody.

4. Three-bed house, West London, £103,200

This three-bedroom house in West London's Feltham has a full market value of £344k

A 30 per cent share is available to buy for £103,200

This three-bedroom house in West London’s Feltham has a full market value of £344,000, with a 30 per cent share available to buy for £103,200

This three-bedroom house in West London’s Feltham has a full market value of £344,000.

A 30 per cent share of £103,200 is available to buy, with rent of £405.67 payable on the remaining share. There is also a monthly service charge of £12.12.

The listing states that the property is being sold on a leasehold basis and is available via Catalyst.

 5. Three-bed houseboat, West London, £180,000

This home is a houseboat with a guide price of £180,000, but it is being sold at auction where properties tend to sell for more

This home is a houseboat with a guide price of £180,000, but it is being sold at auction where properties tend to sell for more

The houseboat has three-bedrooms and is moored at Brentford Dock with full mooring rights

The houseboat has three-bedrooms and is moored at Brentford Dock with full mooring rights

This three-bedroom property is a houseboat is for sale with a guide price of £180,000.

However, it is being sold at auction where properties tend to sell for higher than the initial guide price.

The boat is situation in Brentford Dock and has full mooring rights. The mooring rights licence is up to 2039 at £468 a month, covering water rates and site maintenance. The property is being sold by Auction House London.

The mooring would therefore add £5,616 per year in costs. 

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The number of £5million-plus luxury homes sold in London in the final months last year reached a record high, new research has revealed.

The return of international travel bringing overseas buyers, along with a desire for more space from super-rich domestic buyers of London homes, contributed to more wealthy purchasers forking out at least £5million to secure the right home in the capital.

There were 522 sales of such homes in 2021, with 163 sales of £5million-plus properties in the last three months of that year alone.

It is 37 per cent higher than in the three months prior and the strongest year end since 2013 which saw 522 so called ‘super prime’ sales, according to the research by Savills estate agents.

This three-bed house in Moore Street, in London's Chelsea, is for sale for £5.5million via Martin & Co estate agents

This three-bed house in Moore Street, in London’s Chelsea, is for sale for £5.5million via Martin & Co estate agents

Savills took at look at the number of luxury property sales in the capital over the past decade

Savills took at look at the number of luxury property sales in the capital over the past decade

The last three months of last year saw the highest quarterly spend for any quarter since Savills records began in 2006, with almost £2billion spent on properties agreed for £5million or more.

This can largely be attributed to the number of £20million-plus sales of both new build and second-hand property, which stood at 51 verses 32 a year earlier in 2020.

There was also a significant uptick in the number of £10million-plus sales in the last three months of 2021, which reached the strongest quarter ever with 62 sales compared to a previous high of 50 in the final quarter of 2014.

The previous high was a result of many households rushing to buy before new higher stamp duty tax bands were introduced at that point in 2014.

This five-bed house in Montpelier Walk in London's Knightsbridge is for sale for £7.95m via James Vaughan estate agents

This five-bed house in Montpelier Walk in London’s Knightsbridge is for sale for £7.95m via James Vaughan estate agents

Savills highlighted that the super-prime new build market also ramped up at the end of the year.

There were 30 new build sales in London topping £5million in the final three months of 2021, with a total value of £558million, it said.

It is both the highest number of units topping £5million sold, and the highest total value spent on new build property, ever recorded in a single quarter.

Frances Clacy, of Savills, said: ‘London’s super-prime markets stellar end to the year is evidence of the influence that the pandemic-fuelled desire for more space has on residential markets.

‘While we can expect to see demand from domestic buyers looking to upsize into a larger family home soften in the new year, a lack of suitable stock on the market will continue to support prices, while the supply-demand imbalance remains.

‘It’s also clear that domestic and UK-domiciled international buyers are taking advantage of the opportunity to buy in a market that still represents relative value and before a more sustained return of overseas demand. 

‘Recovery in prime central London values is certainly underway, but revived Covid-19 restrictions are likely to push the forecasted 8 per cent-plus bounce back in values further into 2022.’

This six-bed house in Chelsea's Milner Street is on the market for £6.95m via Hamptons estate agents

This six-bed house in Chelsea’s Milner Street is on the market for £6.95m via Hamptons estate agents

Savills explained that with international travel rules easing in November, there was a significant uptick in the number of international buyers returning to the capital.

As a result, central London hotspots continued to dominate sales and more than half of all £5million-plus sales took places in Kensington, Chelsea, Belgravia, Notting Hill and Knightsbridge, knocking leafier St Johns Wood, out of the top five from the quarter prior.

However, the £5million-plus price tag continues to extend its reach across London, as buyers race for more space, with locations such as Wimbledon, Battersea, East Sheen and Wandsworth firmly on the so-called super-prime map, as buyers look to reap the benefits of ‘country-style’ homes in the capital.

There was a 84 per cent increase in the number of £5million-plus sales across South West London in 2021, compared to 2020, according to Savills.

For the last three months of 2021, it said the price of a six- or more bedroom house in west London rose by 10.4 per cent during the past year and by 15.1 per cent since March 2020, and by 9.1 per cent and 12.1 per cent in South West London.

Ollie Marshall, of buying agents Prime Purchase, said: ‘There is no question that there is more money flooding into the top end of the property market in London than at any time in the past 20 years.

London has always offered a safe haven in times of volatility 

‘The global recovery, which has been driven by central bank intervention as a result of 2009’s global financial crisis, has generated extraordinary gains for investors around the world. 

‘Since 2016, while the majority of property markets have trended higher, London has endured a five-year bear market in the face of prolonged political uncertainty surrounding Brexit. The result now is a dislocation of values between London and other global financial centres such as New York Singapore and Shanghai, with the former much more attractive than the latter.

‘London has always offered a safe haven in times of volatility, and at no time has this been more evident than during a global pandemic. 

‘With many markets now looking frothy, as well as inflation concerns and currency debasement, investors looking to reposition their portfolios are considering London property once again. 

‘Yields for residential property have reached levels not seen for over a decade and international investors taking advantage of continued weakened sterling are still able to secure generous discounts from the peak in 2016.’ 

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