Hi, I’m Gus Zogolovitch, and I’m the founder of Rare Space. There’s been a lot of talk about house prices going up and down, so what is the current state of the market?
What I'm telling people, and what I believe, is that house prices in London have come down quite a lot, actually. I think they're nearing the bottom. So maybe the wider question is whether or not you would buy a place now if you had the resources to. Or should you wait?
What I say to people who ask me those questions - because I get those questions a lot - is that it depends.
Earlier this week, we looked at neighbourhoods in London that had the lowest crime rates for homes under £600,000, which could qualify for Help to Buy.
Today, we're looking at a lower budget range of under $400,000, since just because you might have a lower budget, doesn't mean you should have to compromise on vital considerations like safety.
Crime rate was compiled from the Metropolitan Police website, and average house prices are accurate as of Nov 2018 from Zoopla UK.
It's no secret that house prices in London are high. A budget that might net you a 5 bed detached house in Bradford will get you a 1 bedroom flat in Central London.
But just because you may have a lower budget for London standards, doesn't mean you have to compromise on important considerations like safety.
In this blog, we take a look at the safest neighbourhoods in London, based on crime rate, for budgets of less than £600,000, within the range where you would qualify for Help to Buy.
(thoughts on the Guardian article “Treasury weighs up tax break for landlords who sell to generation rent” 5 October 2018)
I like the fact that the Government is considering different proposals around housing. However, housing and population are inextricably linked, so in principle, converting a flat/house from being rented out to being owned doesn't bring a new home into existence and therefore the fundamental supply demand imbalance remains and house prices become unaffordable for most.Read More
Today we're touring a beautiful new house in Streatham. You can see Streatham Common stretching for a number of acres, next to the park on a very interesting road, full of late 19th century early 20th century housing up and down.
The story of this site is that originally it was some garages. It was pretty traditional for these big houses at the front to have garages, which eventually fell into disrepair and disuse.