Property News · August 23, 2017

Going underground: number of Britons digging basements soars


Halifax says loft conversions are also booming as homeowners seek to extend properties rather than moveBritain has seen a 183% increase in planning applications for basement extensions, as homeowners barred from climbing the housing ladder by high prices decide to burrow down instead.The number of loft conversions has also risen dramatically, according to mortgage lender Halifax, in a bid to circumvent a soaring property market. However, it is basements that have seen the most rapid growth, with neighbourly spats among the side-effects of a building trends that also brings noise, dust and subsidence in its quest for more living space. Continue reading…

Source : theguardian.com
Read more…Going underground: number of Britons digging basements soars

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