Anthony Byrne, London Architect explains what to expect in 2014?
London House extensions, loft conversions and new builds soar prices up, so what to expect in 2014?
2013 finished with great news for London homeowners, expect 2014 to be very much the same. After a few tricky years of average performance, along with the government initiatives and increase demand for rental accommodation and new homes, house prices have increases by 7.7% nationwide.
2014 will see house prices increase much like this year, in London they actually rose 10%, this has resulted in many home residential builds, local planning offices have been inundated with London residential planning permission applications and more are expected as home owners seek to develop their homes to get the increase in equity.
Mortgages are historically cheap at the moment and interest rates set to remain stable, so if you have been looking to move and not got round to it then 2014 would be the best year. Increase your homes value and submit a loft conversion plan, house extension plan or conservatory extension plan and you may reap the rewards of your increase in house value.
Speak to our friendly London architects today on 0800 282 267, or simply fill in the enquiry form and we will call you back at your convenience to help you further. Send your email enquiries to firstname.lastname@example.org.