Property

Spring is property auction season, when a motley collection of semi-derelict houses, flats with leases in the single figures and the homes of mortgage defaulters get sold off. This year, though, a scan of the catalogues of some of the UK’s leading property auction houses reveals a new class of property under the hammer: rental flats. Under pressure from rising interest rates and increasing regulation, many landlords are opting for an exit strategy. According to recent research from estate agent Hamptons, Britain’s rental sector is losing homes at a rate of 66 per day. Agents across the country report an influx of instructions from small-time landlords who’ve decided to invest elsewhere.

Known as Wales’s first tycoon, the industrialist and Liberal politician David Davies was born in 1818 in a hillside tenement in the village of Llandinam, Powys. Davies, the son of a farmer and sawyer, went on to amass a fortune through bridge-building, railways, coal-mining and dock development, while also serving as an MP for Cardigan.   The teetotal Calvinistic Methodist, probably best remembered for founding Barry Docks in the 1880s, was known for his philanthropic deeds, although he did have one obvious indulgence. In counterpoint to his hill-darkened boyhood home, where he cared for several younger siblings, in the 1860s he constructed a light-filled family property that he named Broneirion –

The high-risk, adrenaline-fuelled operations dramatised in recent BBC1 mini-series SAS Rogue Heroes left viewers gripped. Not quite as attention-grabbing, but no less fearless (or dangerous), were the activities of another special forces unit, the Special Operations Executive (SOE) – a volunteer force set up in 1940 to wage a secret war. Famously ordered by Prime Minister Winston Churchill to ‘set Europe ablaze’, this band of brave agents were often dropped by parachute into Nazi-occupied territory, tasked with sabotage, subversion and helping local resistance movements. Many of them were serving soldiers with commando training; others had been drawn from civilian life. In Lonely Courage, a biography of the 39 women who

Over the past two generations, those with property in the UK have been unwittingly transformed from owners to investors. This makes no sense, and has led to a lot of baby boomers feeling smug and clever when in reality they’ve just been lucky. However, the effect has been lasting and means property owners are now a politically valuable group – and that what your house is worth has disproportionately strong influence on how rich you feel. And of course, now that everyone has an interest in the value of their home, there are plenty of supposed experts willing to pretend they’re helping you look ahead to see what will happen

Hyperbole in estate agents’ brochures isn’t unusual – but when it comes to a write-up for Great Tangley Manor, which has gone on the market for £8.95 million, overkill is almost impossible. Believed to be the UK’s oldest continuously inhabited property – its Saxon foundations date from 1016 – the Grade I-listed moated manor house, in the village of Wonersh in the Surrey Hills Area of Outstanding Natural Beauty, comes with an extraordinary roll call of associated famous names. From the spheres of royalty, art, literature, garden design and even America’s Gilded Age, all have played their part in shaping secluded Great Tangley into a country house with a compelling story.  The

Imagine dividing up your holiday time between your farmhouse in Tuscany, your villa on the French Riviera, your Mallorcan townhouse, your cottage in the Cotswolds and your apartment in Chamonix. Instead of dealing with the hassle of renting such properties, or the upkeep of owning each one of them, you just turn up and everything is ready and familiar.  Belgians Hilde and Henrik love the concept of co-owning five holiday homes, enjoying two or three weeks in each a year. ‘Everyone treats the house as if it’s their own, and we even found the fridge half full of beer when we arrived at Soller [in Mallorca],’ says Henrik, in his

Recently, Sadie Nicholas shared ten lessons she’s learnt from ten years of having a wood-burner. In response, Spectator readers offered their own advice for getting the most from your wood-burner – from maximising the heat and minimising the mess to fire-lighting tricks and cooking tips… Join the fan club Try cooking with it Choose your wood wisely Don’t spend a fortune on firewood Dry matters How to clean the glass (or not) How to get the fire going Finding the best firelighters Dealing with unwelcome visitors Get the stove (and the set-up) right

Not so long ago buyers were treating house-hunting as a blood sport – price ceiling-shattering bids and gazumping were commonplace everywhere from the Cornish coast to the London suburbs to the Lake District. But six months is a long time in property. Following the debacle of the mini-Budget and amid rising interest rates and soaring living costs, not to mention looming recession, the power balance in the market has firmly shifted. Vendors can no longer sit back and wait for the offers to pour in.  Buyers who don’t have to move are increasingly taking a wait-and-see approach. Those still up for a move are determined not to overpay, often hoping

The faded splendour of 1980s Margate is the backdrop for Sam Mendes’s new film Empire of Light, starring Olivia Colman and Colin Firth. Coming to UK cinemas on 9 January, it’s about a romance in the north Kent seaside town and the revival of a striking 1930s cinema with a distinctive brick ‘fin’ tower. Renamed briefly as the Empire Cinema during filming in the spring, Margate’s Grade II-listed Dreamland Cinema takes a starring role. In reality it’s part of the Dreamland amusement park complex that’s had 102 years of rollercoaster fortunes. The park underwent a £25 million makeover in 2017, and its relaunch contributed to the reinvention of Margate into

Of all the money we’ve spent on our barn conversion since we moved in 13 years ago, the wood-burner we installed in our living room trumps bathrooms, oak flooring and even a beautiful garden room extension as our best investment. At £2,000, the neat cast-iron stove was worth every penny – and never more so than now, when the temperature is plummeting and our smart meter informs us that we’re blowing a zillion pounds a day on gas and electricity despite being frugal with the heating and, well, everything else.  Log-burners weren’t such a common sight when we got ours in 2012, but since then they’ve grown in popularity among

It’s famed for cider, cheese and Glastonbury, but there’s much more to love about Somerset.  Alongside a popular private members’ club (Babington House) and a global gallery outfit (Hauser & Wirth), its most in-vogue country house hotel (The Newt) has helped to attract a steady stream of creative emigres. Among those embracing the county’s way of life are internationally known designers such as Alice Temperley and Bill Amberg and landscape gardeners such as Lulu Urquhart and Adam Hunt, whose rewilding garden won best in show at this year’s RHS Chelsea Flower Show (which happened to be sponsored by The Newt). But from Frome via Bruton and Ilminster west to Chard

Moving house is said to be one of the most stressful life experiences, right up there with bereavement and divorce. But what about the stress of not moving? Amid the upheavals of the past few months increasing numbers have seen their property ladder dreams collapse around their ears. According to market analyst TwentyCi there has been a ‘sharp increase’ in the number of deals falling through. More than 90,000 agreed sales disintegrated between July and September, an 18 per cent increase on the same period in 2019. Wendy and William Waterton know exactly what it feels like to be on the sharp end of a collapsing sale. In the past

When the Prince and Princess of Wales announced they were moving their family to the Royal County of Berkshire this summer, estate agents reported a ‘flurry’ of enquiries about properties around Windsor and the village of Bucklebury, 50 minutes west on the M4. The Middleton family had already been increasing their interests in and around Bucklebury, where they have lived since Kate was young. James Middleton and his French wife, Alizée, own a farmhouse there, and Pippa Middleton’s husband, James Matthews, has acquired Bucklebury Farm Park. Pippa and her husband also bought a £15 million mansion nearby this year. And where royals and their relatives lead, it seems others follow.

The 34 early Georgian houses that line Fournier Street, in the heart of Spitalfields, are a perfectly preserved microcosm of East London life through the centuries. Since it was built in the 1720s, the street – which runs between Brick Lane and Commercial Street, in E1 – has variously been home to the city’s wealthiest and poorest. With many of its first residents Huguenot weavers escaping religious persecution in France, the street is characterised by its series of highly glazed lofts, harnessing the light vital for the skilled textile work, with many of the houses subsequently bought by those in the silk trade. Arguably one of the finest houses on the

Mixing business with pleasure can be risky business. For decades the City of London has upheld this doctrine, religiously prioritising office space over new homes to preserve its reputation as a global financial centre. In his 29-year tenure as the City of London’s planning chief, Peter Rees famously allowed only one new residential tower to be built in the Square Mile: The Heron, a 285-apartment building which was completed in 2013. But the aftershocks of the pandemic – recent data suggests that the number of workers at their desks in the Square Mile’s offices is down by around a third; office vacancy rates stand at almost 10 per cent –

The British middle-classes are a predictable breed. We love nothing more than to take goods that were once prudent and pragmatic and give them a luxury edge. From the Mini Cooper, first marketed as an affordable car for the masses, to Land Rover Defenders that we have no intention of spoiling with mud, we like our creature comforts to be rooted in a make-do-and-mend mindset, even if they have long outgrown their original purpose. It’s little wonder, then, that the British have been so quick to embrace wood-burners. Because what embodies that no-nonsense, post-war mentality better than huddling around the hearth to keep warm or stacking logs into a shed

From the man down the pub/on Twitter to major lenders and think-tanks, homebuyers and sellers can barely move for so-called experts dishing out advice on the property market. Rising interest rates and increased mortgage costs have prompted fears of a house price slump, with Capital Economics predicting a 5 per cent drop over the next two years. Credit Suisse is forecasting that prices could fall by as much as 15 per cent if interest rates hit 6 per cent – making it more of crash than slowdown. Buyers don’t want to make a major purchase at the top of the market, and sellers may be hesitant to list if they

When Joachim von Ribbentrop, Hitler’s hapless roving emissary, descended on London in 1936 with orders to negotiate an Anglo-German alliance, one of his first ports of call was the elegant mansion just off Hyde Park owned by Sir Roderick Jones, chairman of the Reuters news agency, and his wife Enid Bagnold, the writer of National Velvet. Wangling an invitation to dinner was a surprisingly astute move – the parties at 29 Hyde Park Gate were legendary, usually attracting a gilded mix of aristocrats, politicians, journalists and writers, such as H.G. Wells and Vita Sackville-West – and Ribbentrop had convinced himself that by schmoozing luminaries he could persuade Britain to side

At its peak, Battersea Power Station supplied a fifth of London’s electricity, including to Buckingham Palace and parliament. Today, the most electric thing about it is the virtual reality gaming venue on site. Times have changed – but the reopening of the power station allows us to rediscover one of our finest pieces of industrial heritage and to take stock of the neighbourhood’s £9 billion makeover. The iconic Grade II*-listed building was decommissioned and shut down in 1983. Over the past ten years, in Europe’s largest urban regeneration project, it has been restored and repurposed. The project reaches its climax today when the power station reopens as a residential, retail

It has been almost a decade since the first apartments at Battersea Power Station went on sale. Such was the excitement about its redevelopment that buyers queued in the chilly dawn for the chance to pick up a £343,000 studio flat or a £6 million penthouse. Most were from overseas, and in four days in January 2013 they collectively spent £600 million. These kinds of scenes are something London’s housebuilders and estate agents can today only dream of. Although we have moved on from worst ravages of the pandemic, and traveller numbers are very much in recovery, many foreign property buyers – for years the mainstay of prime London’s property