Most surveys highlight the London market as the predominant cause of UK increases. Last year the Office for National Statistics stated that in the year to the end of October, property prices in London increased 12% compared with just 5.5% in the rest of the UK.
Data suggests that on average London house prices are now 14% higher than those encountered during the previous peak in 2007. The typical London home is now estimated to cost more than £345,000.
So, what does the typical, growing London family do to gain more quality living space, if a new property is beyond their budget?
According to Robert Wood, Director at Simply Loft, bespoke loft conversions are a cost effective option for many; and an increasingly popular option.
He said: “The London housing prices boom is expected to continue this year and that means that the average London family is likely to be priced out of a move.
“The good news is that with a brand new, bespoke loft conversion in London by Simply Loft they can add more rooms and create a larger, high quality living space in the property.
“A wide variety of loft conversion projects are available to cater to every kind of building and all are tailor-made to each customer’s unique specification. They don’t just get a new look home, they get a new home built to their personal requirements.”
Simply Loft is one of the fastest growing loft conversion companies in London. These highly experienced loft conversion specialists are the ideal partner for your loft conversion project. A high quality loft conversion means a better price if a homeowner chooses to sell. The company is also extremely competitive on price; which adds up to paying less and getting more back in property value.