With the World Cup having kicked off, we have football on the brain. For this week’s top 10 we’ve taken a look at what properties are on offer for all you football fanatics out there.
1. Sheering Hall comes equipped with it’s own football pitch – ideal.
Eight bed in Essex, £5.8m – Hamptons
2. This Grade I listed Jacobean mansion has its own sports pitches and a grand total of 329 bedrooms. Perfect for a football tournament for all your family and friends!
Ten bed in Hampshire, POA – Knight Frank
3. You could play a game whenever you like if you owned Wanstead Sports Club.
Commercial Property, POA – Victorstone
4. A striking country house set amidst magnificent gardens & parkland with ample space for a full size football pitch.
Seven bed in Cheshire, POA – Sotheby’s
5. Maybe you’re more of a table football fanatic. What a set up for watching the games!
Six bed in Surrey, £8.2m – Sotheby’s
6. Another opportunity to make football your business with this sports complex and ancillary accommodation.
Sports Complex in Wolverhampton, £795,000 – Skitts
7. Get the team over to yours for 5 a side football in the back garden.
Seven bed in Northampton, £1.35m – Fine & Country
8. A Californian dream – this 22 acre compound has everything you could ever want including your own football field.
Six bed in California, USA £4.5m – Coldwell Banker
9. Why not diversify with a multi sport option, then you’re sorted for Wimbledon as well.
Five bed in Surrey, £2.2m – Fine & Country
10. This stunning family home has previously catered for up to 60 family friends to host football, swimming and tennis tournaments. What a way to spend a summer’s day.
Four bed in Bracknell, £3.9m – Chewton Rose
Interest rates may rise this year and action could be taken to cool Britain’s overheated housing market, the Governor of the Bank of England Mark Carney has suggested.
Speaking late last night, he said a rise in rates ‘could happen sooner than markets currently expect’, with ‘gradual and limited’ increases being needed as the economy recovers.
The Bank Rate has been at a historical low of 0.5 per cent for more than five years and the financial markets had not anticipated a rise until next year. But the economy seems to be recovering faster than expected.
Carney also said the housing market is ‘showing the potential to overheat’ and he expressed concern about borrowers over-stretching themselves financially.
It comes as new research showed house prices rose by nearly £21,000 during the past year.
The average property value increased by 8.5 per cent in the 12 months to the end of May to stand at £266,013, according to LSL Property Services.
The group said the rise was the fastest annual increase it had recorded since August 2010, when the housing market was recovering from the financial crisis.
House prices have risen in 91 per cent of unitary authorities across England and Wales during the past 12 months.
David Newnes, director of Reeds Rains and Your Move estate agents, owned by LSL Property Services, said: “As the vigorous health of the UK housing market catches international and media attention, all eyes have been on how the Government and regulators will react.
“However, the growing clamour for intervention neglects the fact that when taking inflation into account, only London and the South East have seen house price growth in ‘real’ terms since January 2005.”
He added that while in London house prices had soared by 13.3 per cent during the past year, excluding the capital, property values had increased by just 6.3 per cent across the rest of England and Wales.
The difference between the price of a home in London and the rest of the country is now the biggest since the group’s records began.
But LSL said there were indications that the property market was beginning to cool, particularly at the top end of the London market.
“the introduction of tough new lending criteria under the Mortgage Market Review had led to an easing in buyer demand”
Prices actually fell in 12 London boroughs during April – the latest month for which figures are available.
The prime central London boroughs of Kensington and Chelsea and the City of London suffered the biggest drops, with property values falling by 2.7 per cent and 2.9 per cent respectively.
Across England and Wales as a whole, there was also a slow down in the annual rate of sales growth.
The group estimates that 72,000 homes changed hands during May – just 8 per cent more than in the same month of 2013.
The figure is well down on the year-on-year rise of 33 per cent seen during the previous 10 months.
Today’s data comes the day after the Royal Institution for Chartered Surveyors also reported a cooling in the housing market during May.
The group said a combination of limited supply and the introduction of tough new lending criteria under the Mortgage Market Review had led to an easing in buyer demand.
Meanwhile, chartered surveyor e.serv said mortgage approvals for house purchase in May had fallen to their lowest level for a year.
Suggestions that the housing demand is cooling should help to ease concerns that a bubble may be building up in the market.
Mortgage lending fell to its lowest level for a year during May in a further sign that the housing market may be cooling, research has shown.
A total of 61,202 loans were approved for house purchase during the month, the fourth consecutive monthly decline and the lowest level since June 2013, according to chartered surveyore.surv.
The group said approval levels were now 19 per cent lower than at the beginning of the year, as demand from potential buyers eased.
“Uncertainty is one factor affecting home movers. Some buyers are waiting to see if the market will begin to plateau before agreeing to pay the high price tag on new property.”
The research comes as the Royal Institution for Chartered Surveyors also reported a cooling in the housing market during May.
The group said the number of homes being put up for sale fell for the fifth month in a row, but demand from potential buyers also eased, taking some of the pressure off prices.
It said the shortage of homes on the market, combined with the introduction of tough new lending rules under the Mortgage Market Review appeared to be “stemming the tide” of perspective buyers.
But despite the overall decline in mortgage approvals, e.surv said pipeline loans to first-time buyers continued to pick up in May with 9,670 mortgages agreed for people with a deposit of 15 per cent or less, 40 per cent more than in the same month of last year.
Data released by the Council of Mortgage Lenders today also showed a 52 per cent year-on-year increase in lending to first-time buyers in April.
A total of 24,500 loans worth £3.5bn were advanced to people buying their first home during the month.
But the group said first-time buyer affordability worsened in April, with average income multiples rising slightly to 3.42, up from 3.41 in March.
At the same time, the average amount borrowed rose to £121,500, the highest level ever recorded and up from £118,750 in March.
At the same time, typical first-time buyer incomes also rose to a new record of £37,000.
The group also reported that the value of mortgages advanced to people moving home rose to £8.8bn in April, 11 per cent more than in March and 47 per cent higher than a year ago.
Paul Smee, director general of the CML, said: “First time buyers and home movers continue to be key drivers in the growth of the market and, despite fears that MMR preparations may hinder this momentum, we have seen a continued year-on-year upward trend every month in 2014.
“The UK picture continues to mask a disparate set of varied local conditions, but overall we expect lending levels to continue to build on the foundation of growth we have seen over the past 12 months.”
You might have seen architectural designer Greg Toon from Potential etc… tackle readers’problem homes in his regular column for The Sunday Times Home section. Well, now he has joined Zoopla to help you sell your home. Every month, one home seller will win a free design scheme from Greg and it will be featured here for all prospective buyers to see.
To be in with a chance of winning a design scheme by Greg Toon, please send a link to your property that you are selling on Zoopla to website editor firstname.lastname@example.org.
Greg Toon has 18 years experience in the architecture business, working in London practices on residential and commercial projects. His extensive experience includes designing everything from warehouse conversions and hi-end offices, to restaurants, social housing and millionaires’ mansions.
In 2012, he moved out of London with his family and set up Potential etc… after renovating their tired looking 1960s home. The before and after photos below show the transformation of the house that many of his friends thought he was mad to buy.
Realising that some people find it hard to look beyond dodgy wallpaper or awkward room layouts, Greg created a unique service, providing design schemes for sellers – instant make-overs in the form of artistic perspective sketches and proposed floor plans – to illustrate their property’s potential and help them to sell it.
The concept is that buyers are investing in the vision for the home rather than just the property as it stands. By doing this, the property is opened up to a wider audience. Properties with Greg’s design schemes have sold faster and for more money, something that no lick of paint or expensive kitchen refit can guarantee.
The housing market showed signs of cooling during May as tough new lending conditions came into force, research showed today.
The number of homes being put up for sale fell for the fifth month in a row, but demand from potential buyers also eased, taking some of the pressure off prices.
The Royal Institution of Chartered Surveyors said the shortage of homes on the market, combined with the introduction of tough new lending rules appeared to be “stemming the tide” of perspective buyers.
Across the country, new buyer enquiries rose at their slowest rate since February 2013.
The group added that in London, where there has been most concern that a bubble may be building up in the market, demand from buyers actually fell for the first time since June 2012.
May was the first full month since the Mortgage Market Review, under which lenders impose tighter affordability criteria on borrowers, came into force.
RICS said it was hard to “disentangle” the new rules from other factors that were impacting the market and to know whether they were simply having a temporary affect while lenders adjusted to the new environment.
“In particular, we’re seeing the London market level off”
But it added that respondents reported that banks were lending less, with average loan-to-value ratios among first time buyers dropping to 85.3 per cent from 86 per cent in April.
Unsurprisingly, the fall in demand impacted on surveyors’ expectations for prices, with them now anticipating growth of 3.6 per cent during the coming 12 months – the lowest level since December 2013.
They are also expecting a significant slow down in activity, with only 29 per cent more surveyors in the South East predicting greater activity in the coming three months, down from 66 per cent more six months ago, while in the South West the balance dropped to 48 per cent from 93 per cent.
RICS said the tightening in mortgage lending conditions even led to a modest pick up in demand for rental property, with average rents now expected to rise by 2.5 per cent during the next 12 months, and at an annual rate of 4 per cent during the coming five years.
Simon Rubinsohn, RICS chief economist, said: “What we are really seeing is some of the very strong upward momentum starting to come off the housing market, as a lack of supply, higher prices, more prudent lending measures and some of the talk from the Bank of England are creating a level of caution among sellers and buyers.
“The most visible indicators of this are the revised downwards price expectations for the next 12 months and the flatter picture regarding new buyer enquiries. In particular, we’re seeing the London market level off.”