Northern homes could be open to price decline
Homeowners in the north of England may be tempted to invest in a conservatory or garden extension to boost the value of their property following the latest comments from Ducalian.
The firm suggested that those in the north may be "much more susceptible" to changes in the economy than residents in other parts of the country.
It suggested that some areas are almost guarded against changes in house prices, with head of consulting Timothy Lambert pointing to certain parts of London as examples.
"Somewhere such as Kensington and Chelsea is in a bubble and not subject to the same property fluctuations as the rest of the country," he said.
Part of this is down to the influx of foreign investment and high earners that these prestigious areas attract.
However, Mr Lambert noted that cities such as Sunderland could be more at risk of decline if the economy takes a turn for the worse.
His comments follow those of Knight Frank head of residential research Liam Bailey, who told the Independent that London is likely to be more resistant to negative change than the north of England.
Take care with DIY, Brits warned
Property owners have been advised to take care when undertaking any home improvement projects. Building a bespoke conservatory or pool house is often best left to the experts, but even smaller jobs can go wrong, with disastrous consequences,...
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