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Lynne Lambourne Explains How to Turn Pre-loved Goods into Unique Gifts

There’s no doubt about it, Christmas is an expensive time of the year. Throw in the oneupmanship factor, and it can become eye-watering. One way to avoid all of this is by…continue reading…

ACME Unveils an Incredible Dog Whistle Encrusted with 470 Diamonds

ACME, along with a specialist team of jewellers in Birmingham’s Jewellery quarter have created the most extravagant and probably history’s most expensive dog whistle. Just when you thought you’d seen it all,…continue reading…

How Electric Blinds Have Joined the UK’s Home Improvement Revolution

This year has seen millions of Brits falling back in love with their homes. The internet has experienced record numbers of people searching for ways to improve where they live, and one…continue reading…

The Exodus from London Continues, this time it's Renters who're Leaving New research from Home.co.uk shows that people are falling out of love with London. As much as some will try to argue the point, the data is clear, London residents are leaving for larger homes, gardens and easier access to wide open spaces. This year, we've written extensively about the exodus from life in built up urban areas for places that offers value for money property and a better quality of life. One of the most prominant casualities of this is London. Residents are officially saying no to it's overpriced property, lack of space and oppressive rules and regulations. To back this up, the property search engine Home.co.uk have released an in-depth analysis of the rapidly morphing UK rental market, detailing supply changes, time on market and rent changes. The study found a dramatic increase of more than two thirds (68%) in the monthly supply of homes to rent in the capital region compared to a year ago, as tenants fail to renew tenancies. Moreover, the Typical Time on Market (29 days) in the capital is now the highest of all regions, as landlords struggle to find tenants keen on city living. Asking rents have been slashed across London due to a lack of demand in the wake of the first COVID lockdown. The current average rent in Greater London remains a hefty £2,127 a month, but this is down a massive 11.2% over the year. The bulk of this fall (10.5%) occurred in the last six months following the imposition of lockdown measures. In the worst-hit boroughs, landlords have dropped their rents by more than double the London-wide average fall in rental value. Over the last year rents have fallen in the City of London by 28.8%, in Hammersmith and Fulham by 23.5% and in Kensington and Chelsea by 22.5%. Meanwhile, in the low-density leafy suburbs of the capital, rents are rising. In Bexley, Havering and Croydon rents are up 4.2%, 4.6% and 6.7% respectively. Greater London is the only English region to see rents fall over the last year and to see the Typical Time on Market figure rise. It takes on average four more days to find a tenant in London than 12 months ago. The South West is among key destinations for renters in the capital to move to in search of space and greenery, the figures indicate. Rents in the South West have rocketed by 8.3% over the year to their current average of £1,065. Most of this rise (7.9%) came in the last six months, amid the pandemic. In addition, landlords in the South West are finding tenants far quicker than last year. The Typical Time on Market is just 13 days, four days fewer than last year's average. Central to the migration from the UK's largest city is the desire for more affordable accommodation, more space and ideally a garden. Fear of further lockdowns coupled with the ability to work from home (and to save money on commuting costs) is redefining the nature of demand from UK renters. Clearly, former London tenants have no wish to repeat the misery of being prisoners in their own homes. East Anglia is another popular destination, rental and Typical Time on Market figures suggest. Rents in the region have risen by 6.3% over the last six months and by 7% over the year to £1,135. Meanwhile, the Typical Time on Market figure is 19 days which is four days fewer than in November last year. Similar trends present themselves elsewhere in England, with competition for the limited numbers of available lettings stock pushing up rents: by 9.5% in the East Midlands; 6.7% in the North East; 11% in the North West; 14.7% in the West Midlands; and 8% in Yorkshire and Humber over the last twelve months. However, less demand in the relatively pricey South East has meant that rents have risen only 1.4%, Home.co.uk's analysis found. Wales has seen the largest increase in rents over the last year, up by a dramatic 22.3%. The average rent in the principality is now £894 and the Typical Time on Market figure is 15 days, three days fewer than last year. In Scotland, the average rent is £857, an increase of 15.8% year-on-year. The Typical Time on Market has been slashed by four days to 20 over the last year. Director Doug Shephard said: “While homeworking is not an option for all, this lifestyle change is now a key trend that is reshaping rental demand. Since the Greater London rental market represents nearly half of the UK lettings market, any refocusing of demand towards the regions will have a dramatic effect on the balance of supply and demand. This is why we are witnessing dramatic rent hikes in most English regions, Scotland and Wales. In fact, Welsh rents (and home prices for that matter) are rising to such an extent that locals fear of being priced out by newcomers. Wales will certainly not be alone in feeling the knock-on effect of the exodus from the UK's largest cities.” Read more property-related articles in our dedicated section here.

Renters Join the London Exodus Opting for More Space and Greener Pastures

New research from Home.co.uk shows that people are falling out of love with London. As much as some will try to argue the point, the data is clear, London residents are leaving…continue reading…

The Experimental Perfume Company Lets You Show the World the Real You

It’s an art form that is often shrouded in secrecy, but the Experimental Perfume Company offers an absolutely glorious and completely honest view into the world of perfumery. Christian Dior famously said,…continue reading…

Preppy submitted by National College of Art & Design, Dublin

The Global Grad Show 2020 is a Cornucopia of Incredible Innovation

The Global Grad Show is new to me, but I wish it had been around when I was at University. It is a platform where students from around the World display their…continue reading…

The Facelet Creates Clear Breathing Space Between it and the Competition

Many of you will have read articles stating ‘this’ or ‘that’ is the best face-covering. The simple fact is what’s right for one might not be suitable for another. In our efforts…continue reading…

Positive Parcel Offers the Nation a Hug in a Box in this Difficult Year

Life isn’t always easy, and things often don’t go to plan. With what’s happened this year, people wouldn’t say no to some more positivity in their lives. This is where Positive Parcel’s…continue reading…

Laura Ashley's Partnership with NEXT is Good News for the Retail Sector

Laura Ashley NEXT Partnership Injects New Life into a Much-Loved Brand

Laura Ashley, one of Britain’s best-loved retailers has partnered with retail giant, NEXT to reintroduce their current range of home products and new collections online and within selected stores nationwide. If you…continue reading…

The myFirst Fone R1 is a Tech-laden Device Every Young Child Should Have

Those clever minds in Singapore have done it again with the myFirst Fone R1. It is an amazing tech-laden device offering more than enough to convince parents who try to keep their…continue reading…

BISSELL’s SpotClean Pro is Capable of Much More than its Size Suggests

BISSELL is probably the best-known carpet cleaning brand in the world. We took the opportunity to try out their SpotClean Pro, which lets consumers tackle annoying stains via a machine that is…continue reading…

One of the Braun Audio new L.E speakers in a living room

In a Blast from the Past Braun Audio Reimagines its Iconic L.E. Speakers

If you grew up in the 1980s and even the 90s, Braun Audio was one of the must-have brands. Around thirty years ago they completely switched focus. All this has changed, and…continue reading…

The YuYu Bottle Stretches the Warmth Throughout the Colder Months

Hot water bottles are a long-standing favourite for millions and in some cases an essential for those living somewhere with colder seasons. For more than a century, this well-loved product has barely…continue reading…

Young man admiring the Sinnis Hoodlum 125cc

The Sinnis Hoodlum 125cc Creates Some Noise in the Learner Market

People are flocking to motorcycles since Covid-19 took hold in March 2020. Thousands have looked into learning to ride for the first time, or have returned to riding since they were teenagers—great…continue reading…

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