Re: [ukha_d] How to spend £5,000

["Mark Harrison \(Yahoo!\)" <mph@xxxxxxxxxxxxxxx>]

> Sorry should have been a little clearer, 6 ZERO's!
> But I guess even thats not much money in real terms for London housing
these
> days :-(


Timely you should say that :-) The Land Registry figures for Q1 just came
out this week....

Some highlights, courtesy of the Reuters story:

- Gains in the January to March period brought the average cost of a home
in
England and Wales to 166,404 pounds compared with 145,897 pounds seen in
the
same period a year earlier.

- The average price of a home in the capital, where prices are far higher
than elsewhere in the UK, rose to 262,685 pounds compared with 240,126
pounds in the same period a year earlier.

- The North saw 24.55 percent inflation in the January-March period,
bringing the average price of a home there to 102,330 pounds compared with
82,161 pounds.

-  And house price inflation in Wales accelerated to 27.15 percent compared
with a 24.55 percent rate in the fourth quarter, bringing the average price
there up to 115,179 pounds compared with 90,585 in the same period a year
earlier.

If the AVERAGE price of a house in London is now over 260k, then a
"typical
project" (lighting control, multiroom audio with in-ceiling speakers,
and a
wireless LAN) coming in at about £15k (based on getting in a specialist
rather than doing it yourself) suddenly only looks like 5% of the house
cost.

These are the calculations that property developers are now running - I
think that we'll see rather more new builds incorporating this kind of
stuff
over the next couple of years.


Regards,

Mark



----- Original Message -----
From: "Rob Mouser" <groups@xxxxxxx>
To: <ukha_d@xxxxxxx>
Sent: Tuesday, May 11, 2004 3:40 PM
Subject: RE: [ukha_d] How to spend £5,000


Sorry should have been a little clearer, 6 ZERO's!
But I guess even thats not much money in real terms for London housing
these
days :-(

Rob