PUBLISHED: 09:00 20 October 2018 Jessica Frank-Keyes Wells Quay bathed in sunshine. Picture: Ian Burt Government figures reveal a third of all properties bought in north Norfolk in 2017-18 were second homes. JESSICA FRANK-KEYES looks into the effect this rise has had on the area’s coastal communities With its breath-taking coastline, wide open skies, stunning countryside and charming towns and villages, North Norfolk is regarded as one of Britain’s most well-loved destinations.Paradoxically, the district’s appeal is also the source of one of its biggest problems.A growing rise in second home ownership is forcing up house prices, leading to many who grew up here to be driven out of the communities they’ve called home. New figures reveal that a third of all houses bought in North Norfolk last year were second homes or buy-to-let properties.MP Norman Lamb. Picture: DENISE BRADLEYNorth Norfolk’s Liberal Democrat MP Norman Lamb … [Read more...] about MP criticises ‘shocking’ 25pc rise in second homes bought in north Norfolk in the past year
What buyers are looking for in a home
PUBLISHED: 09:40 28 September 2018 Caroline Culot St Giles Street apartment, for sale. Pic: www.muskermcintyre.co.uk What can you buy for £250,000 or less? Property editor Caroline Culot selects her best buys from around the region with that price tag. St Giles Street apartment, for sale. Pic: www.muskermcintyre.co.ukSt Giles Street apartment, for sale. Pic: www.muskermcintyre.co.ukSt Giles Street apartment, for sale. Pic: www.muskermcintyre.co.ukYarmouth Road, Norwich, for sale. Pic: www.abbottts.co.ukYarmouth Road, Norwich, for sale. Pic: www.abbottts.co.ukYarmouth Road, Norwich, for sale. Pic: www.abbottts.co.ukThere are currently over 4000 houses on the market within this price tag - and don’t forget you don’t pay any stamp duty on houses for sale up to £125,000 and then only 2 per cent on the next £125,000 - so a house costing £250,000 is going to mean £2500 in tax.Here are some of my favourites currently for … [Read more...] about Looking to buy a home with £250,000 or less? Here are some of Norfolk’s best property buys.
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Tim Logan Globe Staff August 29, 2018 Anyone who’s bought a home in Greater Boston during the last few years might describe the experience as brutal. Unrelenting demand and a tight supply have made buying options scarce and competition ruthless, driving prices into record-high territory.But as the summer housing market starts to give way to fall, there are signs that the pressure might be easing — if ever so slightly.The number of homes and condominiums sold in the region climbed 6 percent in July compared with the same month last year, according to data from the Greater Boston Association of Realtors, just the second monthly increase this year. The number of homes newly listed for sale has climbed four months in a row, suggesting that homeowners are more willing to test the market and give would-be buyers something to look at. Meanwhile, some of those … [Read more...] about For Boston-area home buyers, slight signs of relief
By Chris Reetz with Pinnacle Homes by M/I Homes Published 11:00 p.m. UTC Jul 31, 2018 Whether upgrading, downsizing or buying your very first house, all home buyers have one thing in common: They dream about having a jealousy-inducing, Instagram-ready interior that friends and family will love. Unfortunately, with a housing shortage and the headaches of home renovation, getting those flashy interiors isn’t always easy. Many home builders are responding to consumers by helping them access a move-in ready home that looks like a million bucks from day one. And the most amazing part? Many of these new homes are being built or are already available today, bucking a trend of quickly disappearing inventory and offering homebuyers choices in trendy looks. The experts at Pinnacle Homes see first-hand what up-and-comers and established adults are looking for in a stylish interior. They say these looks are what their buyers are coming and staying for. Kitchens that use … [Read more...] about 5 hot home design trends available right now
This article is available to Members of The Local. Read more Membership Exclusives here. In Germany, nearly 50 percent of people rent a home rather than buy one, much higher than the EU average of 70 percent, according to Günter Fischer, the Managing director of Engel & Völkers, a Berlin-based real estate consultancy. In Berlin, it’s an even higher number: 70 percent of residents rent a home versus 30 percent who buy one. This is attributed largely to strong legal protections for renters, rent control laws in many German cities, and the lack of special benefits for buyers. Unlike in some European countries such as Spain, one cannot deduct the cost of one's mortgage payments from taxes in Germany. It’s also due to available new units: home-building boomed in the 1950s and 1960s due to a post-war tax which subsidized their construction. But new building of homes significantly slowed down in the years that followed, despite the fact that Germany has far … [Read more...] about It’s not that hard: the beginner’s guide to buying a home in Germany