Property News Round-up 22/9/16

Property News All The Latest Updates


Hi guys and welcome to our September property news round-up. As usual, we will be taking a look at the latest goings-on in the UK property market with five short stories. Today, we start our property news round-up by looking at the new housing minister’s views on ‘build to rent’ to focusing on the amount of rent that millennials will spend before they are 30. Missed our previous blog entries? If so, feel free to catch up here.

New Housing Minister Backs Build To Rent


Housing minister Gavin Barwell backed the build to rent sector in his first speech since being appointed.

His first speech took place at Property Week’s RESI 2016 conference in Newport and a key takeaway was Mr. Barwell stressing to delegates that there is a need to build more homes of every single type and not focus on one single tenure.

Barwell, who is also the minister for London, said that a growing number of people and families are now preferring to rent, so the build to rent sector will therefore play an important role in providing for changing attitudes.

The recently elected housing minister concluded that in the UK we need to have a thriving private rented sector in place.

He praised Essential Living’s Vantage Point scheme in Archway, north London, the office conversion which has 118 homes has opened for lettings. The housing minister said this was a much needed start for the sector.


Manchester Property Prices Continued To Grow in August

Manchester Property

Reeds Rains and Your Move, released their monthly house price index a few weeks ago, and recorded an increase in both prices and transactions for August.

According to their research, the average house price in the north west had risen to £178,423, up from £178,089 in July.

Other commentators mentioned that the UK housing market is settling down from June’s Brexit vote and confidence has emerged from the Bank of England cutting interest rates.

Transactions across the country were also up, rising by 2.6 pc on the previous month, with over 70,000 sales going through.


Manchester and Liverpool Join Forces For Global Property Expo

Liverpool Property

Manchester and Liverpool will join forces to sell the region to a global audience of investors in October.

Both will send a combined delegation to London for MIPIM UK (the UK’s largest property and investment expo).

Filippo Rean, director of MIPIM UK organiser Reed MIDEM’s real estate division told the Liverpool Echo : Manchester, Liverpool and Leeds provide incredible investment opportunities and their presence at MIPIM UK will provide investors with a unique opportunity to see what these northern giants have to offer.

Mr. Rean added : “As the largest event for real estate in the country, we offer incredible opportunities for investors, developers and representatives from city regions across the UK.”


UK Property Remains The Highest Yielding Investment

Property Money

Despite the uncertainties of the Brexit vote, investors are choosing to invest in property, including investing in sectors such build to rent.

So why have these investors chosen property? The main reason is that they can outperform the likes of government bonds and stocks and shares.

There are still quite a few investors out there who remain very cautious about the ramifications of life outside of the European Union, however, there are many investors out there who feel confident that investing property in the current climate is an opportunity.

Quite a few European based investors have now started to take an interest due to the fall of the pound. The North West in particular has become even more attractive because of this reason, and investors are hungry to invest into a very appetising region.

If this is a topic that interests you we recommend reading our “Is Property Investment Really Better Than Pensions?” blog post and also “Why The UK Rental Market Is Surging“.


Millennials Will Spend £53,000 on Rent Before Age of 30


A combination of falling homeownership levels and the rising cost of renting meant that people born between 1981 and 2000 would pay £53,000 in rent before their 30th birthday (Guardian, July 2016)

The Resolution Foundation mentioned in The Guardian article that this country’s housing crisis is one of the most visible examples of inequality between the generations.

Our very own research from last October found that a quarter of under 30’s say they need someone to die before they can afford to buy a property.

In addition, 36% of those surveyed said they felt they’d have to rent forever.

So while young people are spending more of their hard earned income on rent and finding it harder to save for a deposit, the baby boomer generation are the most likely to be landlords and benefit from the strong rental market, according to The Resolution Foundation.

However, it has been highlighted that the older generations are just as concerned about Generation Y’s struggle to own their home, and support for housebuilding is growing across a variety of age groups.

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Why The UK Rental Market Is Surging

A recent report has revealed that property in the UK is swinging more towards the rental market. As many commentators have mentioned, there has been a significant reduction in home ownership in the past number of years and many expect that this trend will continue.

The summer slowdown has seen properties with four bedrooms or more are struggling to sell, and as a result have remained on the market for an average of 74 days, according to data from RightMove.

Property analysts are speculating whether the property market will gain strength again during the Autumn and also get a clearer picture of the market and hopefully shake off that post-referendum hangover.

The Bank of England’s recent interest rate cut should give buyers some confidence with cheap-to-borrow money.

Although a lot of uncertainty still looms following June’s Brexit vote, the question remains:

Why is the UK is switching to a property rental market?

Firstly, this is linked to the surge of investors who were rushing to complete buy-to-let deals before stamp duty was hiked by 3% in April.

The demand for rented properties in the UK has increased by 10% due to Brexit uncertainties. Recently, the Royal Institution of Chartered Surveyors (RICs) reported the number of properties on the market was at a record low.

Another factor that should be taken into consideration is employment mobility. For example, if we look at millennials and their lifestyles, they are known for being constantly on the move, and renting a space is more practical to them than saving for a deposit.

In addition, they are very sociable. Figures from Statista highlight the importance of socialising to millennials. Their research shows that 51% stated that socialising was where their remaining disposable income was most likely to be spent. Therefore, the likes of build to rent properties are appealing as they provide communal areas for their residents, hoping that they will stay in their rented accommodation for some time. They are one demographic in particular that are currently reshaping the UK housing market.

From millennials, now turning our attention to investors. Long term investors are willing to pay just that little bit more compared with the likes of first time buyers who are looking at settling into their first home.

These are the type of investors who may have a number of buy to let properties in their portfolio and realise that as their financial liabilities reduce they will actually be able to increase rental income (providing they have done their homework properly and invested in areas that pay out suitable yields).

Whether the recent increase in buy to let related taxes, which were set by the former chancellor, will have an impact in the short to medium term still remains to be seen. If rental yields bring in enough money to cover all liabilities, and leave a wee bit extra in their bank accounts, the question is would BTL investors really pull out of this market?

If you are a BTL investor and HAVE done your homework, you’ll know that the north is the place to be. If you haven’t, we recommend Manchester. The Northern Powerhouse city has an average rental yield of 6.2%.

Investors can benefit from significant demand from the city famous for its two Premier League clubs and music scene, as well its big student population. Average property prices in Manchester stand at £135,000.

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As we’ve previously mentioned, there are numerous factors as to why the UK property market trend has now switched from home ownership to rental.

The Brexit vote has caused some concern and confusion for now, and until the Brexit mist clears we will see fewer people committing to long-term property purchases. The likes of millennials are also changing the housing model and with lucrative investments across both sides of The Pennines, the rental market switch in the UK looks very buoyant indeed.

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Property News Round-up 3/8/16

Property News All The Latest Updates


Hi guys and welcome to our first property news blog of the month! As usual, we will be taking a look at the latest goings-on in the UK property market with five short stories. Today, we start our property news round-up by looking at Generation Y and their renting habits to focusing on Aegon’s research on homeowners and pensions. Missed our last round-up? If so, catch up here.

Millennials Like The Flexibility & Freedom of Renting

Millennials Property

Recently, a study confirmed something that most 18 to 30-year-olds already know: they can’t buy houses and also something we are familiar here at The House crowd from conducting our own research. As The Independent’s Thea De Gallier points out : “Millennials are abandoning their dreams of home ownership,” declared a damning report that revealed home ownership in the UK has fallen to 63.8 per cent (for context, it was 70.8 per cent in 2003).”

So why is it so hard for millennials like myself to become a property owner? Firstly, the average house price in this country is just over £200,000, (almost 10 times the average wage!) Secondly other regions are playing catch-up with London’s astronomical prices which has left us no choice but to rent.

But is renting necessarily a bad thing? Today, Generation Y are known for their fast paced life style and are constantly on the move, renting is surely ideal for them.

Research can back this claim up, for example, Deloitte found out that 44 per cent of millennials want to leave their current jobs in the next two years, in addition, Econsultancy found that 69 per cent of all graduates thought freelancing was a more attractive option than long-term employment. (Stats taken from The Independent)

On the other side of the Atlantic, many commentators have mentioned that millennials simply don’t want to own a property. One source in particular views that millennials are “[thinking] differently about what it means to “own” something”.

I totally agree with the commentator as we are currently living in a sharing economy. Moreover, I completely side with De Gallier’s points in her article that we need a similar renting cap that is used in European cities such as Berlin. It’s fair to say the current system isn’t working for us even though some of us like to rent. We definitely need to seek alternatives – the likes of property crowdfunding could be one of those methods, which you can read more about here.

Why Are Fewer People Purchasing Properties in Greater Manchester?

Property News North West

BBC News reported yesterday that home ownership has fallen more sharply in Greater Manchester than anywhere else in England.

The biggest question on everyone’s lips is why? Financial Analyst Louise Cooper says the issue stems from house cost to wage ratios. She told the BBC that : “The average house price in England in 1986 was £38,000, today it is £226,000,” she said. “Over the same period the average salary has gone up two and half times.”

She adds : “The price of property compared to salaries has gone up hugely. Everyone says it is a London problem. It is not. Manchester is one of the worst.”

Our very own Frazer Fearnhead mentions in the BBC article that Manchester has a large student population and young professionals in the city prefer to rent.

Frazer believes that the Greater Manchester area mirrors the rest of the UK in the fact there are not enough houses being built, fuelling a demand that pushes up prices.

Read more on the issue here.


Investors Pull £1.4bn From UK Property Funds in Brexit Month


Retail investors withdrew £1.4bn from property funds in June, 6 per cent of the sector’s assets, as the Brexit vote sparked an exodus that forced some of the largest funds to halt trading. (, August, 2016)

Following to the leave the EU in late June, led to many moving money out of property funds which forced Standard Life’s UK Real Estate fund to suspend redemptions in early July.

Others followed suit, such as Aviva, M&G, Columbia Threadneedle, Henderson and Canada Life.

Senior analyst at the retail investment broker Hargreaves Lansdown, Laith Khalaf, told the FT : “The scale of the exodus from investment funds in June is quite extraordinary, with the Brexit vote eclipsing the financial crisis in terms of putting the frighteners on retail investors in the short term.”

At present, around £15bn of investors’ money remains trapped in suspended funds that lack enough liquid assets to meet redemption requests.


UK Construction Crashes At Fastest Pace Since Financial Crisis

UK Construction

Construction output in June has fallen at its fastest pace since the dark days of the financial crisis in 2009 according to a survey by Markit and the Chartered Institute of Procurement and Supply (Cips).

Purchasing Managers Index figures indicate that Slower demand has lead to a drop in purchasing activity for the first time in just over three years. The index dropped from 51.2 in May to 46.0 in June, with anything below 50 indicating a contraction, as The Independent’s Ben Chapman reports.

Despite having record house prices, it was revealed that the weakest performing sector was residential construction. In addition, commercial building work was also weak, as new projects did not start to replace those that were coming to completion.

The EU referendum has been linked to the slowdown as there are still many uncertainties. Senior economist at Markit, Tim Moore told The Independent : “Widespread delays to investment decisions and housing market jitters saw the UK construction sector experience its worst month for seven years in June.”

However, David Noble, chief executive officer at Cips mentioned that the only glimmer of light through the brickwork is the rate of decline was not as sharp as that experienced during the previous financial crisis.

A spokesperson for Home Builders Federation said recent figures should not be viewed in isolation and that long term trends for the sector were good.


Little Appetite For Using Property As Pension As Research Shows

Property News Landlords

Research conducted by Aegon revealed that majority of homeowners do not want to use their property wealth to fund retirement.

Their study showed 74% of homeowners would only use their home as a “last resort” to provide a retirement income or do not consider their home as a source of retirement income at all. (Professional Adviser, August, 2016)

Moreover, Aegon found out that more than half of the research respondents want to leave their home to their loved ones.

Only 3% of those surveyed said that they would sell their property and move in with family as a means of funding retirement. 21% of homeowners are hoping they can fall back on inheritance to assist them with their retirement plans.


What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

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Property News Round-up 4/5/16

Property News All The Latest Updates


Hi guys welcome to our fortnightly property blog, today we once again look at the latest goings-on in the UK property market from looking at the ‘Bank of mum and dad’ to examining the tough buy-to-let rules that could backfire for first-time buyers and movers. If you missed our last property news round-up, catch up here.


‘Bank of Mum and Dad’ Lends £5bn a Year in UK

Bank of Mum and Dad


Lending from parents to help their children get on the UK property ladder will amount to £5bn in 2016, according to data from Legal & General (L&G). (BBC News, May, 2016)

The ‘Bank of mum and dad’ will help to finance 25% of all UK mortgage transactions this year – at an average amount of £17,500 as the BBC’s Bill Wilson mentions.

L&G’s chief executive Nigel Wilson told the BBC : “The Bank of Mum and Dad plays a vital role in helping young people to take their early steps on to the housing ladder.”

He stressed a whole range of issues, including house prices which are out of sync with what Generation Y are currently earning.

Millennials that are accepting property funds from their parents are receiving substantial amounts.

Dan Howdle (a millennial featured in the BBC article) bought a three-bedroom semi-detached property in Rugeley, in the West Midlands, thanks to his parents giving him £50,000.

Mr. Howdle said that if it wasn’t for his parents, he would have expected to be a renter for the rest of his life.

Research conducted from L&G and economics consultancy Cebr suggests the ‘Bank of Mum and Dad’ will provide deposits for more than 300,000 mortgages, purchasing homes worth £77bn this year.

If you would like to know more about millennials check out our research that we conducted back in October last year, view here.


Is This Greater Manchester’s Most Expensive Garage?

Manchester Garage

The region is no stranger to luxury homes and high property prices, but you wouldn’t normally associate a garage with luxury.

However, a property in Salford Quays which is very close to MediaCityUK is featured on property portal site Rightmove.

The advert mentions that the Salford Quays garage is : “Ideal for those requiring additional garages for storage or the housing of a vehicle etc.” (MEN, May 2016)

Although the 16’2 x 7’9 unit has enough space to suit every need, as mentioned in MEN, at almost £156 per sq ft, the space is coming at a premium.

The irony is that once you’ve saved your hard earned cash you might not be able to afford to put anything in it!

If you’re looking at getting involved in property crowdfunding (no expensive garages included!) why not take a look at our latest investments here.

Image source : MEN


Surprising Things That Affect The Value Of A Property

Messy Child's Room

There are many factors that come into play when it comes to property values, some much more obvious than others. From the quality of your local to the sea of toys on a kid’s bedroom floor, issues that may seem insignificant can have a shocking impact on the value of a property.

As previously mentioned, A messy kid’s bedroom is one factor that might shock you. According to ING Direct, a messy kid’s bedroom can knock £8,000 off the value of the average house.

Street names also comes into play, kings are 20 per cent costlier than queens. Rude names also sell for less – fancy living in Bell End? Thought not!

So what also affects property values? Some other factors include numbers, if you own a number 13 home, it’s likely the property will sell for £6,500 less than its neighbours according to a Zoopla study. Another surprising factor is the local pub. If the local is known for having rowdy regulars it can really put potential buyers off and have a negative impact on the property price. In contrast, a lovely local pub that serves craft ale and has a delectable line in homemade pies is a major plus for property buyers and prices.


New-build Homes Aren’t The Answer To Rising House Prices, According to Academic

UK Property

New-build homes make property even more unaffordable, according to research from a leading academic.

The finding of Dr Alla Koblyakova, of the real estate economics and investment research group at Nottingham Trent University, dispels the assumption that the supply of new-build properties alone helps to stem unsustainable growth in house prices. (This is Money, April 2016)

Dr Koblyakova mentions in This is Money that The Government thinks that by increasing the supply of new homes, the overall cost of owning a property will come down.

However, research indicates that the mortgage market behaves differently. For example, when new housing comes on to the market, lenders relax their conditions and lend more money. When consumers are more able to buy a property for a higher price, the price of property doesn’t come down.

Dr Koblyakova stressed the biggest issue was that property values in the UK go up faster than wages.

In addition, she states : “It’s not possible for the Government to control house prices. But it is possible for politicians to motivate lenders to offer longer mortgage contracts to reduce the size of monthly mortgage payments.”

Her recommendation is to increase the duration of a mortgage to 30 years, in order to make it possible those on average incomes.

Alistair Hargreaves from mortgage broker John Charcol shares the same view with Dr Koblyakova on the housing issue. He mentions in the This is Money article that in Britain there is a perception that we are full. In reality, there’s loads of space, Britain is just badly designed. What is lacking is infrastructure as well as the fact there aren’t enough, or good enough, jobs and schools nearby to make people want to relocate.

You can read more about Dr Koblyakova’s and Alistair Hargreaves’ views here.


Tougher Buy-To-Let Rules Could Backfire According To Expert

House Buyers UK


Tougher conditions for the buy-to-let market could backfire and result in amateur landlords selling their properties on to bigger players – reducing properties available to homemovers and first timers. (Daily Mail, May, 2016)

John Charcol mortgage broker Alistair Hargreaves (who also gave his views on the matter in the Daily Mail) states : “I think it’s likely that the changes to the [stamp duty] tax regime will allow the larger, already incorporated landlords to buy more BTL properties, buying from smaller amateur landlords.”

The ramifications could be that there are fewer houses on the market for the likes of first-time buyers and owner occupiers.

Last month the government put a 3 per cent stamp duty surcharge for every additional property landlords purchase. The increase in stamp duty has hit many who were considering the buy-to-let approach and was aimed at loosening some of the demand from the market.

Hargreaves mentions in the Daily Mail that with restrictions (stamp duty, personal lending etc), who else will be able to buy the properties offered for sale by amateur landlords being pushed out of the market? Areas such as London where property prices are astronomical and yields are low, amateur landlords are bound to struggle unless a first timer has an inheritance, parental support or a large income.

He wholeheartedly believes that expert mortgage brokers need to support the little guy – the landlord with one or two but to lets – and make sure that they are holding the properties in the most efficient way possible. If not, the sector will be dominated by the 1 per cent (the rich investors).

You can read more about this topic here.


What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

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Property News Round-up 20/4/16

Property News All The Latest Updates

Hi guys and welcome to another fortnightly property news round-up, today we once again take a look at the latest goings-on in UK property from looking at why Manchester is a city for Generation Y to looking at how commuters can save £3,000. If you missed our previous property round-up, catch up here.


Manchester Is A Generation Y City


Manchester is rapidly becoming a place where young people migrate to for work and also to study. 22% of the city’s population are Millennials (aka Generation Y), which is more than four times the national average.

Due to an increase in young people, there is now an emphasis for build to rent property investment in Manchester. So what exactly is attracting Generation Y to live in the city?

According to the Complete University Guide, “Manchester is a thriving, prosperous northern hub and considers itself the commercial and cultural capital of the north of England. The city is also probably the most fashionable student location in Britain.” (Select Property Group, April 2016)

Manchester is also known for its universities and is synonymous with higher education. Moreover, over 50% of graduates stay in the city and around 20,000 are enter the job market in Manchester each year. Since Manchester is the country’s second largest economy, Manchester is one of the biggest regional employers.

In addition, with thousands of graduates looking for work, they also need to somewhere to stay and the city attracts Generation Y as accommodation costs are significantly lower compared with London prices. Latest figures from the Expatistan Cost of Living Index show that everyday amenities in the north-west are 37% cheaper than inside the M25.

A graduate living in Manchester would pay around £700-800 a month for rent, in the capital, they would pay over three times the amount for a rented property.

Millennial’s fast paced lifestyle and the need for everything in an instant makes the likes of buy to rent a perfect solution in the city. This also makes the city a great place to invest, not only because of its large millennial population but also being at the forefront of the Northern Powerhouse.

Want to know more about the city? If so, why not check out our free guides (North and Central).


Housing Market ‘To Cool’ As BTL Rush Dies & Brexit worries Increase

UK Property

The UK’s housing market is set for a slowdown as the buy-to-let rush of the first three months of the year dies away, according to the Royal Institution of Chartered Surveyors. (Telegraph, April, 2016)

A lot of confidence with regards to the UK property market has fallen due to uncertainties that surround the Brexit vote, stamp duty charges, a weaker pound, plus the devolved elections in May.

Despite these political uncertainties, in the long term, the imbalance between demand and supply will still exert a strong influence on the market, with house prices expected to rise by close to 25pc over the next five years as Simon Rubinsohn (chief economist at Rics) mentions in a recent Telegraph article.

Halifax recently reported that confidence in the housing market was at its lowest in more than a year and its housing market confidence tracker indicates that 65% of the general public believe that the average UK property prices will be higher rather than lower in 12 months’ time.


Railway Stations ‘Will Deliver Thousands Of Jobs & Homes’

Railway Stations UK


Thousands of jobs and homes are set to be created on what has been dubbed “the biggest programme of rail improvements since the Victorian age”, the government has stated.

Up to 10,000 new homes could be built across the country as part of new railway development scheme. York, Taunton and Swindon councils have already looked at proposed sites that could used for new builds.

Communities Secretary Greg Clark recently mentioned that : “With record numbers of people travelling by train, it makes sense to bring people closer to stations and develop sites that have space for thousands of new homes and offices.” (Yorkshire Post, April 2016)

He also mentioned that railway stations are hub for local communities, connectivity, and commerce and we should be making the most out of their unique potential to attract investment.


More Affordable Homes Needed According To Manchester Businesses

House Buyers UK

From millennials in Manchester to looking at local business views on property.

A recent survey which was conducted by Housing The Powerhouse revealed that the majority of Greater Manchester businesses see building more family and affordable homes as a priority.

Greater Manchester Chamber of Commerce’s Steve Burne told Manchester Evening News that : “Over the past few weeks we’ve seen concerns raised about transport links for the Northern Powerhouse – but the provision of suitable housing is equally as important.”

He stressed that the city is witnessing a boom in business across the city but a focus is needed on providing homes for families. The northern powerhouse needs to cater for families otherwise there will be a major set-back and could see this workforce disappearing down the M56, M6 and M62.

Matthew Good of the Home Builders Federation and member of the Housing the Powerhouse coalition told MEN : “These results show us that the provision of family and affordable housing in the region is already a real issue for businesses.”

The survey results have an eye-opener, and a result, as Matthew explains, the likes of the Housing the Powerhouse coalition are making the case for local councils to take this once in a generation opportunity to set ambitious targets for the mix of homes that the engine room of the Northern Powerhouse desperately needs.


Commuters Save £3,000 On Property Each Minute They Are Further Out Of London

UK Trains

House prices in the London commuter belt fall by more than £3,000 for every minute further away the property is by train from the capital, research has found. (The Guardian, April 2016)

Savills conducted research property prices around 314 stations in places surrounding the capital on direct commuter lines into the city.

They found that average property prices within half an hour’s train ride from the capital were £458,000, compared with £606,000 in inner London.

Moreover, Land Registry data revealed the cost of housing fell sharply to £337,000 for journeys of one hour to 69 minutes, with the saving averaging £3,048 per minute!

However, the research also show that the correlation between distance and price is uneven. For example, an average property in Oxford costs £730,000 for a 57-minute commute. In contrast, an average property in Welwyn Garden City costs 430,000 and takes 21 minutes to reach the capital by train.

Families moving to areas outside of the capital have had to factor in journey times, house prices, quality of life and the high cost of commuting in and out of London, Sophie Chick, who led the research for Savills said savings on house prices usually outweighed the increased travel costs. Read more on the story here.

Image source : The Guardian


What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

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Property News Round-up 6/4/16

Property News All The Latest Updates


Hi guys and welcome to another fortnightly property news round-up, today we once again take a look at the latest goings-on in UK property from the north-south house price divide to looking at Ringo Starr’s childhood home in Liverpool – one for you Beatles fans out there!


North-South House Price Divide Continues

uk property map


House prices in northern England are now less than half those in the south of the country, according to the Nationwide – a new record. (BBC, April 2016)

In the north, on average a property is worth nearly £163,000 less than one in the South.

Stats from Nationwide show that in the first quarter of 2016 prices in Southern England rose by 9.9% year-on-year, compared to just 1.8% in the North.

In addition Nationwide mentioned from their research that property prices were picking up, from the start of the year to March, house price inflation across the country hit 5.7% – up from 4.8% in February and the fastest rate for more than a year.

The building society mentioned that main reason centred around the increase was predominately linked to landlords rushing to buy property ahead of Stamp Duty increases.

Their stats show that property prices are rising the fastest in the London suburbs (an annual change of 12.2%), in contrast, Scotland and the north had an annual change of 0.2% and 1.1% respectively. Click here to view the full list of regional house prices here.

Are you looking for an alternative when it comes to property investing? Why not check out latest regional investments here.


Property prices Soar By 47,000 % In The 90 Years Since The Queen Was Born

Queen Property

National Statistics (ONS) and data from Jackson-Stops & Staff found out that between 1926 and the outbreak of the Second World War in 1939, average UK house prices rose by only £40, to £659, a rise of 6.5 per cent. (City A.M., April 2016)

However, by the early 50’s property prices in the country had jumped more than threefold to £2,006. By 1966 (what a glorious year that was! ?) house prices were over £3,000. In the 70’s, prices rose by 331 per cent to £12,704, rising to £36,276 in 1986, by the mid 90’s prices had doubled to £69,889.

According to Jackson-Stops & Staff’s calculations, if prices continue to rise at the same rate as they have in the last two decades, the average property will cost £1.3m when Prince Charles celebrates his 90th birthday in 2038, and £11.3m when Prince William reaches the same age in 2072.

For further reading you can view City A.M.’s article here.


Two In Five Of Us Look Up The Prices Of Homes Owned By Friends & Family

nosey neighbour


It seems that snooping up on our neighbours is nothing new and has evolved with the digital age.

More than 38 per cent of Britons have checked the price of someone else’s home online in the past year – including the properties of neighbours, family and friends – according to the findings by insurer Direct Line. (This Is Money, April 2016)

The research showed that out of the 19 million Brits who have looked up someone’s home, 52 per cent looked at their neighbours’ homes online, 38 per cent look at their family’s homes and 31 per cent at friends’ houses, now that’s a lot of snooping if you ask me!

In addition, Direct Line’s research showed that 10 per cent of people look online at the homes of their colleagues.

Head of Direct Line Home Insurance, Katie Lomas told This Is Money : “We are a nation of property obsessives with very good reason. Our homes are our castles and becoming a homeowner or even climbing the ladder in the UK is a huge challenge and aspiration for many.”



To Millennials Caught In The Rent Trap, The Panama Papers Matter

Iceland Panama Papers

As The Guardian’s Kate Lyons mentioned in her article yesterday, the Panama papers is the largest leak in journalistic history and the papers have led to the ramifications of the Icelandic PM Sigmundur Davíð Gunnlaugsson to resign after being accused of hiding millions in an offshore account.

So how does this link to millennials? For Generation Y, they are particularly frustrated with the political and economic status quo as well as the unjust activities of the rich that have been revealed from the Panama papers.

In a country where a lot of the millennial generation cannot afford to get onto the property ladder, the fact that thousands of properties are bought through tax haven-based companies, by people who are already wealthy enough to restructure their finances to take advantage of tax havens in tropical islands really matters to young people.

Home ownership is sadly out of reach for most young people in the UK, something that has been known and reported for a long time, we even conducted research on the matter back in October (which you can view here) – a sobering stat that we uncovered was that a quarter of under 30’s say they need someone to die before they can afford to buy a property.

This is where there is a link with the Panama papers. We know from recent reports just how much property is owned by companies linked with Mossack Fonseca and we can see the direct affect it is having with young people.

When turning on Sky News yesterday evening and heard about the news, being a millennial myself, I wasn’t surprised about what had happened. Hearing about the rich putting offshore money in tropical paradises such as the Cayman Islands and the British Virgin Islands to keep themselves even more wealthy and powerful isn’t new to us at all – however, this way of them finding tax loopholes comes at the expense of others.

Image Source : The Wall Street Journal


Childhood Home Of Ringo Starr Sells For £70K

Ringo Starr Liverpool Property

One for all you Beatles fans out there! The childhood home of The Beatles drummer Ringo Starr has been auctioned at the Cavern Club in Liverpool.

The terrace house with two bedrooms at 10 Admiral Grove in Toxteth and was where the former Beatle lived as a small child and until he was 21.

The Liverpool property had a guide price of just £55,000 ($78,000) and reveals the humble beginnings of the Beatles drummer.

Ringo’s childhood home was bought at auction for £70,000 by Jackie Holmes from London. She has previously bought the house of John Lennon’s mother in Allerton last April and George Harrison’s home in Speke the year before.

Unfortunately at The House Crowd we can’t help you invest in your favourite band’s former home BUT we can offer you some handy guides! If interested, we have guides on Manchester (North and Central) and also our South Yorkshire guide.


What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

Register Now For More Information

The Latest Crowdfunding News – 31/3/16

Crowdfunding News – All The Latest Updates


Hi guys hope you had a great Easter! This week we return to our fortnightly crowdfunding news updates and rather than clocking up the air miles from travelling to many places to investigate the latest goings-on in crowdfunding, we time travel in our first story back to Saxon England and travel back and end up in France for our last story of the day. If you read our property blog from last week and were wondering how much the ‘fairy tale’ castle in Manchester cost – the answer was B £2.5 million!


Online Crowdfunding Helps Build Saxon House

Crowdfunding Saxon House

Our first story of the day comes from Saxon England (ok, modern day Lincolnshire!).

Retired teachers Steve, 64, and Judith Jones, 65, have worked hard for two decades creating a Saxon house in their back garden.

They built the traditional looking Saxon house from green oak wood and used tools and construction methods from the 9th century.

The retired couple now use the Saxon house to teach youngsters from a nearby school for children with learning or behavioural problems. (Express, March, 2016)

In January, Mr and Mrs Jones noticed that the thatched roof was in need of repair – so they turned to 21st century methods and set up an online crowdfunding campaign.

Last weekend the couple from Lincolnshire reached their target meaning the roof can now be re-thatched to stop rain water flooding in to the house.

The Saxon house was finished after four years but they have continued to add to since starting the project back in the mid 90s.

The Jones family live normal 21st century lives in their home but dress up as Saxons when people are visiting them.

Mrs. Jones told the Express : “We were delighted when we reached the target because if was a type of campaign that meant you either got all of the money by a set date or you didn’t get any.”

Her husband Steve mentioned in the Express article that they have made the Saxon house as authentic as it can be and want people to walk in and look see what is in and make sense of how it would have been used and how the Saxons survived.

At The House Crowd unfortunately we can’t help you crowdfund your very own Saxon house – but if you are interested in something more “current” to invest in – why not take a sneak peak out our latest projects? Click here to view.

Image Source : Express


Crowdfunding Boosts UK Judicial Review Bids

Justice For The Crowd

Angered by the imposition of a new NHS contract, a group of junior doctors took their fight from the picket lines to the internet. (FT, March, 2016)

Dr Nadia Masood, an anaesthetics registrar, and three others wanted a judicial review on the NHS contract but needed money to pay for it. However, within a space of three days Masood and the three others involved raised £85,000 via crowdfunding site CrowdJustice (we blogged about their work back in January – click here to view).

Dr Masood mentioned in The FT : “This contract is a public issue and affects everyone, if we were not able to use crowdfunding we would not be able to do this. We cannot stand by without a proper review of the impact on patient safety of such action.”

As we mention in our “Justice For The Crowd” blog post – (as you can tell!) we love crowdfunding and the whole concept of the crowd coming together for the common good whether that be to invest in start-ups, property, or cases like this, the ability to use crowdfunding by joining forces with like-minded people to try and protect their particular interests is paramount.

If you are in a situation where you need a team of people to pool various resources together and help fund judicial reviews we strongly recommend visiting the Justice For The Crowd site.

Image Source : FT


SyndicateRoom Partners With London Stock Exchange

London Stock Exchange SyndicateRoom

Crowdfunding investment platform SyndicateRoom has gained intermediary status with the London Stock Exchange (LSE), meaning it can offer investors access to initial public offerings (IPOs) of companies listing shares on the London stock market through its online platform. (Business Insider, March, 2016)

Co-founder and CEO Goncalo de Vasconcelos mentioned in Business Insider about IPOs that they are harder to access when there is a discount on the share price and typically only institutional investors such as the likes of asset managers, and wealth managers have access to them.

He also mentions that SyndicateRoom is breaking barriers by letting ordinary investors gain access to the kind of deals that professional investors normally only get involved in.

While the Cambridge based company is the first crowdfunding platform to get intermediary status, other platforms are trying to revamp the crowdfunding model to public markets. For those of you who have a huge interest in crowdfunding, you’ll remember when Seedrs ran what was claimed as “the first-ever crowdfunding campaign for a company’s IPO” last year, in addition, Crowdcube, the London based crowdfunding platform last year partnered with stockbroker Numis Securities to develop a crowdfunding IPO platform.


Millennial Crowdfunding : A Brief Insight

millennials crowdfunding

To say millennials are a social generation is an understatement to say the least. Generation Y need to be connected to everyone, all the time.

Besides the stereotype of them being hooked on the likes of Snapchat and Facebook and wanting everything in an instant, millennials are an entrepreneurial generation, and they have socialised their professional lives as well. This is where crowdfunding has come into play and millennial entrepreneurs have found success from launching new business as a result of adopting a crowdfunding mode and are using an array of platforms to kick-start their ideas.

Their love of social media goes well with crowdfunding to help them share their great business ideas as well as look at alternative ways to invest (such as property crowdfunding) to being involved in charitable campaigns and earning recognition and social credit by being “seen” doing good online.

Going back to the investing part, millennials are taking a completely different approach from that of their parents and grandparents.Today, all it takes is literally a few clicks on an app for millennials to looks at online reviews, get advice, and even make get involved in a crowdfunded campaign or investment.

While quite a few are weary of get involved in the likes of crowdfunding projects or simply investing, the availability of social media tools is making it easier and more comfortable for this age bracket to learn how these models work.

If you’re reading this and are part of Generation Y and would like to know more about how crowdfunding works, check out our page on how the process works (view here).


Minister of Economy Gives French Crowdfunding Sector a Boost

Emmanuel Macron France

A few weeks ago we mentioned about French crowdfunding (view here) and have an update from Emmanuel Macron, the French Minister of Economy.

At a recent crowdfunding meeting, the Minister announced that he will propose several changes with regards to crowdfunding regulations in France.

He mentioned that mini bonds be managed by blockchain technology (a promise on his commitment to innovation), plus Macron proposes to raise the ceiling of equity fundraising per issuer from currently €1 million to € 2.5 million and 50% of the issuer’s value (Crowdfund Insider, March, 2016). Lenders will also have a high limit per campaign (limits will be raised to €2,000 and €5,000) currently, crowdfunders are limited to lending €1,000 for interest-bearing loans and €4,000 for interest-free loans according to Crowdfund Insider’s Therese Torris.

On the day Macron stressed that crowdfunding is part of a larger economic and cultural change and that France must seek inspiration and benchmarks from other countries that are championing crowdfunding.


What Are Your Thoughts?

Which of our chosen crowdfunding stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

Register Now For More Information

Property News Round-up 24/2/16

Property News All The Latest Updates

Hi guys and welcome to another fortnightly edition of our property news round-up. As usual we will be looking at the latest goings-on in the property market from looking at what would a Brexit mean for UK property to looking at Robbie Fowler aka “King of the terraces” and how he got into investing into property.

What A Brexit Means For The UK Property Market

Brexit Property

One of the biggest talking points at the moment is about leaving/staying in Europe and as we know in June we will be going to the ballot boxes to cast our votes.

There are so many questions around this topic such as what does a post-EU Britain look like? How long would a formal Brexit take? And that there are plenty of uncertainties in the property market.

Many in the property industry have said that if the UK does stay in Europe business will resume quite quickly, it we leave, well that’s when it gets all a bit misty, we will still be stuck with many uncertainties.

To get some idea, it seems that we would have to break down two buyers, the first being a domestic buyer and second, an overseas buyer.

The Brexit might not have such an impact for the domestic buyer as the market is linked to supply and demand and property prices are linked to people’s incomes. It seems that in this country we have still got this demand and supply imbalance, the demand as we know is definitely there and the supply is still fairly limited. Because of this, many analysts and industry experts think it would therefore not have a significant impact if the “leave” voters prevailed in June.

Moving onto the overseas buyer/investor, areas such as London that have a high percentage of overseas buyers, the Brexit may cost London its “safe haven” status (especially with wealthy Europeans) and look to go somewhere else in Europe, it could also put off a lot of investors altogether.

On the flip side, a weaker sterling could attract more investment in London property. As mentioned in the IBT, when sterling plummeted during the financial crisis, the London market boomed because foreign investors flooded in and bought up property in prime central postcodes at relatively cheap prices. (IBT, February, 2016).

Whether we leave or stay, until there is a relative amount of certainty about what’s going on, for now people will likely hold off from participating in the market.

Want to know more about the Brexit? We recommend reading The FT’s article on What are the economic consequences of Brexit?

NEARLY two million younger people have been locked out of the property market since 2001

Millennials Property

A recent stat we stumbled upon this week via The Express was that if ownership rates among 25 to 34-year-olds were the same as 15 years ago, an extra 1.8million of them would own their own homes in England.

As we all know, soaring house prices, stricter lending criteria for mortgages and the difficulty of saving for a deposit are the main barriers for millennials.

A leading think tank recently warned that the current situation is only likely to get worse as the UK faces a shortfall of 1.3 million homes by 2026.

An economist that we applaud, Katie Evans, is calling on the Government to support more innovative ways of helping young people get on to the ladder, such as through crowdfunding.

Are you in the 25-34 age bracket and looking for an alternative? If so, why not take a look at our Property Crowdfunding How It Works page for more info.

Shock study finds a quarter of homes EARN MORE than their owners

 UK Property

We don’t like to be the bearer of bad news, but another headline that grabbed our attention this week was that UK house prices are rising so rapidly that a number of homes now ‘earn’ more than their owners, according to new research.

Halifax found that more than a quarter of local authority districts property value increases have surpassed average earnings and these areas tend to be in London, the South East and East of England.

Martin Ellis, the housing economist at Halifax told The Express that “Clearly, this is good news for some homeowners. However, it does make conditions tougher for those looking to buy their first home in such areas, with prices being pushed increasingly out of range for many young people.” (The Express, February, 2016)

Council tax is cheaper for millionaires in London than those in terraced homes in Liverpool

London Liverpool Council Tax

Multi-millionaires living in one of the most exclusive and expensive parts of London pay the same or even cheaper council tax than those in a terraced street in Liverpool mentions The Liverpool Echo.

City mayor Joe Anderson described the situation as obscene and stresses that there should be a review on how councils are funded.

An example of how obscene the situation is as the Liverpool mayor quite rightly puts it, can be seen via Zoopla. A seven bedroom house in the heart of Westminster which is near to having a £20 million price tag and council tax costing £1,345.48 a year. In Liverpool, a Band B property, an owner would pay £1,256.65 a year.

Anderson has slammed the tax comparison and mentioned that wealthier areas such as central London need less help than disadvantaged cities such as Liverpool which suffers from high levels of deprivation – which places more costs on the local authority.

The mayor also mentioned that “If there was ever an argument to review the funding and stop it from disadvantaging cities like Liverpool you could not get a clearer example.” (Liverpool Echo, February 2015).

Robbie Fowler – The King Of The Terraces!

Robbie Fowler Property

The former Liverpool and City player is giving lessons on how to be successful in the property market. Beginner landlords get free tips on raising cash, spotting the best deals and negotiating.

The 40 year old Kop legend put his career earnings into property and has been named in a list of the UK’s 1,000 richest people, with a fortune of about £28million.

On his property academy site, Fowler mentions “Off the pitch one of my biggest successes has been investing in property”, he also mentions that he gained valuable property advice from people who understand the ins and outs of how the property industry works.

Fowler retired from football in 2012 and now runs his business with his wife. Want to become the next Robbie Fowler in property crowdfunding? Why not check out our latest investments here.


What Are Your Thoughts?

Which of our chosen property stories has interested you the most? We would love to hear from you, feel free to leave us a comment on our Facebook and Google Plus pages. If you prefer to tweet us, tweet @TheHouseCrowd.

In the meantime if you want to know more about Property Crowdfunding do register for our Information Pack which will tell you all about it. 

Register Now For More Information


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