An interesting piece by Amira Hashish at Homes & Property looks at the delights of living on a houseboat in London as well as details ofhouseboats for sale in London (outside the capital there are other houseboats for sale in England and using zoopla’s search refinements you can easily look for ones in Scotland, Wales and Ireland).
To watch the video, click here.
The article looks at rental, family homes and luxury options. “London’s waterways are changing,” writes Amira. “The wheels are in motion for major updates to breathe fresh life into the Thames and the canals that wind through the city. Mayor Boris Johnson’s 2020 Vision aims to greatly increase use of the river. There are strategies in place for new piers, floating homes, hotels, restaurants and bars.” There’s also an interesting video to go with the piece, going inside houseboats on the Thames.
How renting in London has changed in a decade
Strutt & Parker’s research team has looked at how the rental market in London has changed between 2001 and 2011 – its figures show most boroughs havie had an increase of 30% – 230%. The boroughs with the biggest increase are on the outskirts of central London in areas including Barking and Dagenham.
Stephanie McMahon, Head of Research for Strutt & Parker said: “These new figures show clearly how the market has spread across London in particular to the West and East. It is widely acknowledged that long-term renting is now immensely common for the younger generation and even more affluent older generations are exploring this different lifestyle option and seeing how much more they can get for their money in rental rather than committing to buying.”
The best performing boroughs are Barking and Dagenham with an increase of 230% and Tower Hamlets with over 150%.
Zoe Rose, Head of Lettings for Strutt & Parker said: “The Prime Central London rental hot spots continue to draw more enquiries than properties available to let which in turn supports healthy rental prices. Although there have been noticeable price adjustments since 2011 there are certain properties where we simply just can’t get enough of them. In particular, one to three bedroom smaller and mid-size accommodations are the property of choice and thus supporting optimum rents in this sector of the market. This synchronises with our tenant profiles of younger, longer term renters extending to families. It’s fundamentally changing what’s hot and what’s not in terms of what they wish to rent.”
Pictured is the Wild Raven houseboat at Palmers Wharf, Emms Passage, Kingston KT1, on for £74,950 with Foxtons.
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