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Britain’s ten hotspot villages where house prices have soared

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Britain’s property hotspot villages have been revealed and top-of-the-pile Malborough, near Salcombe in Devon, has seen prices almost double.

Lockdown has seen a surprise property boom – marked by deep-pocketed buyers escaping to the country – driving prices in some popular villages up substantially.

The top 10 villages listed by estate agent Savills have all seen average property sale prices rise more than 50 per cent, as demand outweighed supply in locations where homes rarely come up for sale.    

The list of top 10 villages includes Malborough, in Devon’s South Hams, Bisley-with-Lypiatt, Blockley and Shipton-Under-Wychwood, which all benefited from the Cotswold effect, and Brasted, near Kent commuter hotspot Sevenoaks. 

Do you live near one of the villages in Britain where prices have soared as revealed by estate agents Savills? These figures show how much average sale prices rose in the year to November 2020

Do you live near one of the villages in Britain where prices have soared as revealed by estate agents Savills? These figures show how much average sale prices rose in the year to November 2020

The data compiled by Savills exclusively for MailOnline looked at parishes in England and Wales with the biggest increases in the average price of homes sold. 

It should be noted, however, that as transactions within such limited areas will be low, average local price gains can be much greater than in a broad national index and individual expensive property sales can skew the figures.

While the data analysed parishes – defined as towns and villages – the list only ended up featuring villages. 

This one-bed end of terrace house in Malborough, Devon, is for sale for £300,000, via estate agents Luscombe Maye

This one-bed end of terrace house in Malborough, Devon, is for sale for £300,000, via estate agents Luscombe Maye

This may reflect the trend among buyers for more quiet outdoor spaces and greenery during the pandemic as people have faced repeated lockdowns.

Savills was keen to highlight that the small nature of parishes means that sale numbers are limited – something that has a disproportionate effect on the price increases.

The estate agent explained how that the impressive price increases during the past year did not equate to price growth – and that, rather, they show what has been seen across country markets.

This has been a search for space, with many families upsizing and a search for greenery being a top priority for many buyers.

This three-bed detached house in Bisley, Stroud, has been on the market with an asking price of £675,000 via Murrays estate agents

This three-bed detached house in Bisley, Stroud, has been on the market with an asking price of £675,000 via Murrays estate agents

PARISHES WITH THE BIGGEST PRICE RISES FROM NOV 2019 TO NOV  2020
Parish Local Authority Average second hand sale price, 12 months to Nov-20 No of second hand sales, 12 months to Nov-20 Average second hand sale price, 12 months to Nov-19 No of second hand sales, 12 months to Nov-19 1 year change in average second hand sale price
Malborough South Hams £450,275 26 £234,366 29 92.10%
Bisley-with-Lypiatt Stroud £792,500 23 £462,163 30 71.50%
Brasted Sevenoaks £1,108,002 23 £697,872 21 58.80%
Shipton-under-Wychwood West Oxfordshire £753,543 23 £474,942 26 58.70%
Blockley Cotswold £654,530 35 £421,250 37 55.40%
Marcham Vale of White Horse £529,748 29 £348,885 26 51.80%
Watton-at-Stone East Hertfordshire £546,544 21 £360,247 21 51.70%
Thakeham Horsham £741,596 26 £489,708 24 51.40%
Wanborough Swindon £560,965 24 £371,500 22 51.00%
Boldre New Forest £1,086,900 20 £720,998 25 50.70%
Source: Savills           
This three-bed cottage in Brasted, Kent, is for sale for £415,000, via estate agents James Millard

This three-bed cottage in Brasted, Kent, is for sale for £415,000, via estate agents James Millard

This three-bed in Shipton-Under-Wychwood, Oxfordshire, is on the market for £520,000, via estate agents Thomas Merrifield

This three-bed in Shipton-Under-Wychwood, Oxfordshire, is on the market for £520,000, via estate agents Thomas Merrifield 

The list of villages with the biggest increases in the average price of homes sold include Malborough, in South Hams, which has seen a rise of 92 per cent.

The village is near Salcombe and is popular among tourists, with holiday homes located throughout the area.

The average price of a property in Devon’s Malborough was £234,366 in November 2019.

Fast forward 12 months to November last year and the average value of a home in the village has risen sharply by 92.1 per cent, to £450,275. 

It is followed by Bisley-with-Lypiatt, in Stroud, Gloucestshire, where the average price of a property has risen from £462,163 to £792,500 during the same 12 months, up 71.5 per cent.

In third position is Brasted, in Kent, with values rising 58.8 per cent, from £697,872 to £1,108,002 in a year. 

Also in the top 10 are Blockley, in the Cotswolds, Wanborough, in Wiltshire, and Boldre, in the New Forest, where the average price of homes sold have risen 55.4 per cent, 51 per cent, and 50.7 per cent, respectively.  

The average price of a property in Britain has risen 2.55 per cent during the past year, or by £7, 600, to £305,397, according to property website Zoopla.

This four-bed detached house in Marcham, Oxfordshire, is for sale for £625,000, via Hodsons estate agents

This four-bed detached house in Marcham, Oxfordshire, is for sale for £625,000, via Hodsons estate agents

This three-bed detached house in Watton-at-Stone, Hertfordshire, is being sold for £950,000, via estate agents Fine & Country

This three-bed detached house in Watton-at-Stone, Hertfordshire, is being sold for £950,000, via estate agents Fine & Country

This three-bed house in Thakeham, West Sussex, is for sale for £725,000,  via estate agents Cubitt & West

This three-bed house in Thakeham, West Sussex, is for sale for £725,000,  via estate agents Cubitt & West

If you can't find a property in a location from our list, there's always a neighbouring village: This five-bed house in Hampshire's Lyndhurst is for sale for £1.5million, via Savills . It is near Boldre, which is in our list of top 10.

If you can’t find a property in a location from our list, there’s always a neighbouring village: This five-bed house in Hampshire’s Lyndhurst is for sale for £1.5million, via Savills . It is near Boldre, which is in our list of top 10.

It follows a separate Savills survey that revealed 42 per cent of its 1,100 respondents claimed proximity to a park or open space was one of their top two priorities when looking for a new home a year ago.

This has now risen to 55 per cent, driving premiums for proximity to National Parks, areas of outstanding natural beauty and other large green open spaces.

Frances Clacy, of Savills, told MailOnline Property: ‘Over the past year, there’s been a significant increase in demand for property in villages as many have looked to upsize for more inside and outside space.

‘This is the opposite to the trend we’d seen over the period since the credit crunch when towns and cities tended to outperform, which means in many cases, villages now look good value in comparison and the ability to get more for your money has further increased buyers’ desire for village life.’ 

Savills used data covering November to November as this was the most up to date Land Registry figures it had access to at the point of doing the analysis. 

This four-bed house in Wanborough, Wiltshire, is being sold for £750,000, via estate agents Richard James

This four-bed house in Wanborough, Wiltshire, is being sold for £750,000, via estate agents Richard James

This six-bed house in Boldre, in the New Forest, is on the market for £1.75million, via estate agents Spencers

This six-bed house in Boldre, in the New Forest, is on the market for £1.75million, via estate agents Spencers

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IHG to open new hotel in Brussels (BE)

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IHG Hotels & Resorts (IHG) announced the signing of voco Brussels City North, marking entry into a new market. Due to open in autumn 2023, the 92-key voco Brussels City North property will be operated by Prem Group, a strong partner for IHG in the region. The state-of-the-art hotel will feature a restaurant and conference centre and will adjoin the Innovation Centre, which is already open on the site, to create a hub for hospitality innovation and a truly stimulating environment.

 

Located to the north of the city, the hotel will feature a striking 50-metre tower with huge glass windows providing panoramic views of the Brussels skyline. The site itself will be Europe’s largest experimental lab for creating ideas and a vision for the future. In line with voco hotels ethos, voco Brussels City North will stand out from the crowd and give guests a different choice.

 

Willemijn Geels, VP Development Europe, IHG Hotels & Resorts, said: “I’m delighted to announce that we are partnering with Living Tomorrow to bring voco hotels to Belgium. We know that Brussels is a strong market for branded properties, and we are confident that the voco hotels’ brand will fit well with the goal of creating a truly innovative hub on this unique site.”

 

Yin Oei, CEO, Living Tomorrow, said: “Living Tomorrow is focused on driving the future and we’re excited to partner with IHG to develop this exciting hotel – the first voco in Belgium. The values of voco hotels fit well with our desire to innovate and push boundaries and we know that the strength of the IHG systems will provide a stable platform from which to innovate.”

 

 

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Mitheridge and London Green unveil plans for Lambeth mix-use scheme (GB)

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Mitheridge Capital Management and London Green have unveiled plans for a residential-led, mixed-use development in Lambeth, south London. The project will make use of a former industrial site in Loughborough Junction, Lambeth, while also protecting the adjacent intersecting Victorian railway viaducts which remain a rich heritage asset.

 

Managing Partner of Mitheridge William Yerburgh said: “London desperately needs more homes. We believe strongly in an approach to housing provision that is affordable but also enhances the character and vibrancy of local communities. Our partnership with London Green will show that new housing provision can deliver for everyone.”

 

Daniel Rastegar, Investment Director at Mitheridge commented: “We are excited to work with London Green to deliver a scheme that will contribute positively to this area of Lambeth, both by providing highly sustainable, high-quality homes as well as new industrial space for SMEs.”

 

Harry Green, Director at London Green added: “This represents yet another opportunity to develop an underutilised site into a mixed community of sustainable homes and workplaces. We look forward to working with best-in-class consultants and contractors to deliver the vision that we share with Mitheridge Capital Management”.

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IIProp grows its presence in Spain

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IIProp (International Industrial Properties) has successfully delivered the initial phase of its built-to-suit project in the Spanish city of Murcia. The joint venture has also launched a new development project at a prime location in Nadarzyn, Warsaw South, Poland. The scheme is located in Murcia’s San Andres industrial park and offers 22,346m². The project is set to add another building of over 23,000m², bringing the total development area to 46,600m² GLA. Construction of a 23,000m² follow-on component is under way and scheduled for completion in January 2023. The project marks an important milestone for the IIProp’s expansion in Spain, where the platform has secured pipeline for development of some 63,000m² GLA in the Murcia and Barcelona regions. The development comes with excellent connectivity and visibility as it sits alongside the A7 highway, part of the Mediterranean transit corridor that links Spanish and Portuguese ports with mainland Europe. The project is set to obtain “Very Good” BREEAM certificate, which will be supported by green solutions such as solar panels, charging stations for electric cars, power sockets for electric bicycles and scooters as well as bicycle parking space and a bee shelter.

 

Nebil Senman, Managing Partner at Griffin Capital Partners, said: “The logistics market in Europe experienced an unprecedented growth during the pandemic and despite the geopolitical turmoil the tenant demand remains strong. We selectively are developing projects in Murcia and Warsaw with highest ESG standards and securing highest tenant covenants to fulfill core investor’s requirements. We plan to continue to build up carefully our European logistics footprint by selectively adding projects in core European markets as well as through converting our well-positioned land bank into standing assets.”

 

Maciej Dyjas, Managing Partner at Griffin Capital Partners, commented: “The projects in Murcia and Warsaw are another success stories in our strategic partnership with Panattoni. We continue to screen new European markets for entry and already begun working on potential development projects in countries like France, Italy, and Austria. In parallel, the IIProp’s pipeline stands at ca. 430,000m² GLA, despite latest disposals completed in Germany.

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