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21 reasons why London is the world's best city to live in

#21 reasons why London is the world's best city to live in

 By Daisy Mason

<h2 class="intro_basic">For many Londoners, living in the capital means working hard and counting down the days until the weekend, so sometimes it's easy to forget why London is so great. So, we thought we'd help remind you why London is the best place to live in the world.</h2>
<p>
<img alt="" src="https://page-assets.foxtons.co.uk/news-images/2018/03/london-westminster-bridge/720.jpg" />
</p>
<p><b>1.</b> London is one of the most multicultural cities in the world, with <b>over a third of its population born in a foreign country</b>. You can find restaurants serving national dishes from almost every country on the planet, which means you never have to go to the same place twice.</p>
<p><b>2.</b> It has history going way back. There's evidence to show that there were settlements in London as far back as 4500 BC. However, <b>London officially began life as a city after the Romans invaded England in 43 AD</b>, which they called Londinium at the time.</p>
<p><b>3.</b> It's one of the four main fashion capitals of the world, with London Fashion Week happening twice a year in February and September. LFW began in 1983 and now has over 5,000 attendees each week. Plus, London is the birthplace of some of the world's biggest models, including Kate Moss who is from Croydon, Naomi Campbell from Streatham and Jordan Dunn, who was spotted in Hammersmith Primark.</p>
<p><b>4.</b> Built in 1890, <b>the underground is the oldest metro system in the world</b> and the 3rd largest by length of track, after Beijing and Shanghai. The combined distance of the tracks is a whopping 402km and there are 270 stops, which serve 1.379 billion passengers a year.</p>
<p><b>5.</b> They serve afternoon tea everywhere! If you're a fan of finger sandwiches and unlimited tea – who isn't? – London is where you'll find it. The most traditional spread can be found at The Ritz and the most imaginative at The Sanderson or Sketch.</p>
<p><b>6.</b> It's home to the Queen's residence, Buckingham Palace, which we estimate to be <a href="https://www.foxtons.co.uk/discover/2016/04/how-much-is-buckingham-palace-worth.html" target="_blank">valued at around £2.2 billion</a>. One of 12 royal families in Europe, the British Monarchy can be traced back to the Anglo-Saxons in around 900 AD and is one of the most famous royal families in the world.</p>
<p><b>7.</b> <b>London is the second most popular tourist city in the world</b> based on the number of visitors annually, which means there's always a buzz that makes the capital a great place to live. Whether it's walking along South Bank at the weekend to watch the buskers, or navigating the crowds on Oxford Street, London's atmosphere is addictive.</p>
<p><b>8.</b> There's the perfect property for everyone! From grand Georgian town houses to sleek contemporary penthouses, <a href='https://www.foxtons.co.uk/discover/2018/02/a-brief-history-of-londons-architecture.html' target='_blank'>London architecture</a> is wide ranging and you're sure to <a href="https://www.foxtons.co.uk/properties/uk-london-property-for-sale-290/properties-for-sale-in-london.html" target="_blank">find the right property</a> for your style and needs wherever you're looking.</p>
<p><b>9.</b> <b>Over 40% of London is parkland</b>, which means you're never far from somewhere to sunbathe or kick a ball about in the summer. </p>
<p><b>10.</b> It's a work hard, play hard city, with many of the world's biggest companies located in London. It's a great place to find a job, but it's also one of the best cities in the world to kick back and relax. There's a total of <b>around 3,600 bars and pubs across the capital</b>, <a href="https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/adhocs/006742numberofpublichousesandbarsinlondon2001to2016" rel="nofollow" target="_blank">according to the ONS</a>.</p>
<p><b>11.</b> It seems that us Londoners are culture vultures, with <b>the highest percentage of residents of any city on the planet visiting our capital's museums and art galleries</b>. And London's theatres put on the second highest number of performances in the world each year, only behind New York.</p>
<p><b>12.</b> It's one of the top 20 most safe cities in the world to live in.</p>
<p><b>13.</b> London's residents have good taste, with <b>87 Michelin star restaurants across the capital</b>. Only three of these are lucky enough to have the top accolade of 3 Michelin stars – The Araki, Restaurant Gordon Ramsay and Alain Ducasse at the Dorchester.</p>
<p><b>14.</b> It has some of most beautiful buildings on the planet, both old and new, which make walking around the city an awe-inspiring experience.</p>
<p><b>15.</b> One of the world's first department stores, Harding Howell &amp; Co's Grand Fashionable Magazine, was opened in London in 1796 on Pall Mall and the capital is currently home to the <b>largest department store in Europe, Harrods</b>.</p>
<p><b>16.</b> According to the <a href="https://perspectives.eiu.com/marketing/globe-shopper-city-index-europe" rel="nofollow" target="_blank">Globe Shopper City Index</a>, London has the best range of shops in Europe, even ahead of fashion-conscious Paris. This is down to the number of shopping areas and the vast variety of stores, which means you can pick up whatever you desire.</p>
<p><b>17.</b> London is home to some of the best universities in the world, which is why the capital has one of the highest student populations of any city. UCL and Imperial College are ranked globally in the top 10 and <b>there are a total of 33 universities across the city</b>.</p>
<p><b>18.</b> <b>Heathrow is the third largest airport in the world</b> by the number of passengers. This means that us Londoners are lucky enough to be able to fly directly to most destinations across the globe.</p>
<p><b>19.</b> Some of the world's most influential literary figures were born in London, or found their way to the capital in search of fame and fortune – William Blake, Beatrix Potter and Lord Byron are just a few big names that were born here.</p>
<p><b>20.</b> If you're a football fan, then London is definitely the place to live. It has the <b>most football clubs of any city in Europe</b>, with 10 teams in the top two English leagues.</p>
<p><b>21.</b> The Beatles are the biggest selling musicians of all time and it is in London at Abbey Road Studios that they recorded their bestselling albums, <i>Abbey Road</i> and <i>Sgt. Pepper's Lonely Hearts Club Band</i>. London is also the hometown of Elton John, who is the fifth bestselling music artist of all time – behind Elvis Presley, Michael Jackson and Madonna. </p>

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Foxtons news

Landlords

Property market updates

march-2025-rental-market

<h2 class='intro_basic'>It's a whole new rental landscape, demanding a fresh approach as tenant behaviours and lettings regulations change. Our latest <a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Lettings Market Report</a>, analysing February's figures and looking forwards to the spring season, may help you maintain your competitive edge in London's increasingly complex lettings market.</h2>

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   <p style="margin-left: 25px; margin-right: 25px;"><i>"The Renters' Rights Bill will introduce the Decent Homes Standard to private rentals. We’re waiting on details, but it will likely mirror social housing requirements for ‘reasonably modern facilities’ and ‘thermal comfort.’ Combined with the new landlord ombudsman, this will impact the time you spend on property management...”</i>

<p style="text-align: right">Fran Giltinan<br><small><b>Managing Director - Property Management & Customer Experience</small></b></p>

<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Read the full quote in the <b>Lettings Market Report - February 2025</b></a></big></center>
</div> 

<h3>&#x1f4c8; Key numbers from the report</h3>
<p style="margin-left: 25px">• Applicant demand has remained within 3% of February 2024 levels.
<p style="margin-left: 25px">• Market activity remains strong, with new listings just 2% below last year’s high levels.
<p style="margin-left: 25px">• The average rent now stands at £557 per week, slightly higher than in 2024.

<h3>&#x1f3ac; Watch: Insight on the current London market</h3>
<p>Our Managing Director of Lettings, Gareth Atkins, breaks down what's happening in London's rental market right now and what properties are winning with today's choosier tenants:
<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1064696459?h=6a319f5309&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="Lettings Market Report - Expert Market Insight - March 2025"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>

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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary"> Get a rental valuation
</a>
<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Foxtons Property Management</a>

</center>

<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Read our latest <b>Lettings Market Report - February 2025</b></a></big></center>
</div> 

<br><br>
<h5>More articles for London landlords:</h5> 

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/03/how-to-grow-your-portfolio-so-it-flourishes-in-the-lettings-rush' target='_blank'>How to grow your portfolio so it flourishes in the lettings rush</a>
<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/02/sanction-changes-coming-to-the-lettings-market-in-may' target='_blank'>Sanction changes coming to the Lettings Market in May</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/01/new-year-new-hires-the-best-time-for-landlords-to-embrace-corporate-housing' target='_blank'>Top tips for letting your property to corporate tenants</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/05/landlord-responsibilities-what-repairs-are-landlords-responsible-for' target='_blank'>What repairs are landlords responsible for</a>



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<div class="panel">
  <p>GA: "Whilst demand and supply closely resemble last year’s figures, as we predicted, today's landscape stands worlds apart from 2023's frenzied market. Gone are the days when tenants made snap decisions to beat out the competition. The 2025 tenant is discerning, exploring multiple options and neighbourhoods before committing. Especially when the Renters' Rights legislation comes into effect, well-priced, high-quality properties will win the day. Savvy landlords are already adapting their strategies – refreshing properties, reviewing pricing models and calling in experienced agents to stay competitive in this evolved marketplace."
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 <small>  <p><p><b>Source:</b> 
<p style="margin-left: 25px">•	<b>Market data</b>: Foxtons Business Analytics produces our monthly Lettings Market Report, leveraging cutting-edge technology and our exclusive database, one of the largest for London's property market, to provide unparalleled insights for our landlords each month.
<p style="margin-left: 25px">•	<b>Expert insight</b>: To provide you with the most value, this article features our leading lettings experts. Our team's hands-on experience comes from many years in the industry with London's leading lettings agency, so you can rely on our practical, market-tested insight. 
<p>This blend of data-driven analysis and expert commentary offers a comprehensive view of the market, helping landlords navigate any market conditions with confidence. For any questions on the report or insight, <a href='mailto:experts@foxtons.co.uk?subject=March%20Lettings%20Market%20Report%20Article' target='_blank'>ask a Foxtons expert</a>.</small>
 </div>

Buying

types-of-property-surveys

<h2 class='intro_basic'>You've got questions about property surveys, and you need straight answers. We've gathered the most common questions our buyers ask and worked with the experts at Arnold & Baldwin chartered surveyors to get you clear, helpful answers. Let's dive in.</h2>

<h3>Do I actually need a survey? </h3>
<p>Let's clear something up straight away - you aren’t legally required to have a survey when buying a property in England. It's entirely your choice. If you are mortgaging the property, the bank will have done their own valuation, which sometimes includes a property visit – but this is not at all the same thing as a survey. 
<p>If you plan to book a survey so you can proceed in buying your home with confidence, just let us know early on. This helps keep things moving smoothly once you've had your offer accepted.



<figure>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/home-survey/720.jpg' alt='House survey'></a>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>

<h3>House survey vs mortgage survey: What's the difference?</h3>
<p>These terms both come up in a property purchase, so it can be a bit confusing. Here's the simple version:
<p style="margin-left: 25px">• <b>House survey</b>: This is the survey you arrange, <b>for your benefit.</b> The surveyor will inspect the property and tell you what shape it's in before you buy it. Like an MOT on a car, they will provide you with advice on future maintenance and help you understand how to make changes. 
<p style="margin-left: 25px">•	<b>Mortgage survey</b>: This is not a survey. It is a valuation <b>for the benefit of the bank or building society</b> (whoever is lending on your mortgage) to assess what the property is worth and whether they want to lend on it. The lender will arrange an in-person visit if needed. 


<figure>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/chartered-surveyors/720.jpg' alt='Chartered surveyors'></a>
<figcaption>Photo by <a href='https://www.freepik.com/author/bestyy38105321' target='_blank'>Bestyy</a> | Freepik </figcaption>
</figure>

<h3>What are the different types of surveys?</h3>

<blockquote class='pullquote_right'>
<p><small>See Arnold & Baldwin’s handy flowchart: <a href='https://www.foxtons.co.uk/i/arnold-and-baldwin/rics_survey.pdf' target='_blank'>Which building survey is right for me?</a></p></small>
</blockquote>

<p><a href='https://www.arnoldandbaldwin.co.uk/' target='_blank'>Arnold & Baldwin</a>, the chartered surveyors we frequently recommend, can tell you that. ‘What type of survey do I need when buying a house?’ is a question they hear all the time. In the chart below, they’ll explain what the different surveys are, which you should be using and how much a survey costs in 2025. 


<div class='clearfix'></div>

<div style="overflow-x: auto;">
    <table style="width: 100%; border-collapse: collapse; margin: 20px 0;">
      <thead>
        <tr style="background-color: #017163; color: white;">
          <th style="padding: 12px; border: 1px solid #ddd; text-align: left;">Survey type</th>
<th style="padding: 12px; border: 1px solid #ddd; text-align: left;">Also called</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: left;">Best for</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: left;">What you get</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: right;">Cost guide</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: right;">Timeframe</th>
        </tr>
      </thead>
      <tbody>
      
        <tr>
          <td style="padding: 12px; border: 1px solid #ddd;">RICS Condition Report</td>
<td style="padding: 12px; border: 1px solid #ddd;">RICS Home Survey Level 1</td>
          <td style="padding: 12px; border: 1px solid #ddd;">New-ish homes in good nick</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Any visible defects and urgent issues.
<br>A summary for your legal advisors raising any issues noted on site, as your lawyer likely won't visit the property.
</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£300-£900</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~1 week, 1-2 hours at the property</td>
        </tr>
        <tr style="background-color: #e6f1ef;">
    <td style="padding: 12px; border: 1px solid #ddd;">RICS Homebuyer Report</td>      
    <td style="padding: 12px; border: 1px solid #ddd;">RICS Home Survey Level 2 – RPSA Home Condition Survey</td>

          <td style="padding: 12px; border: 1px solid #ddd;">Most regular homes</td>
          <td style="padding: 12px; border: 1px solid #ddd;">A detailed inspection covering all aspects, including a helpful list of works required to submit to tradespeople and a summary for your legal advisors.</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£400-£1,000</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~1 week, 3-5 hours at the property</td>
        </tr>
        <tr>
<td style="padding: 12px; border: 1px solid #ddd;">RICS Building Survey</td>          
<td style="padding: 12px; border: 1px solid #ddd;">RICS Home Survey Level 3  - RPSA Building Survey - Full Structural Survey</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Older or unique property designs, poor conditions</td>
          <td style="padding: 12px; border: 1px solid #ddd;">The full works - every nook and cranny inspected to record the construction and any defects.</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£600-£1,500</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~2 weeks, 6-8 hours at the property</td>
        </tr>
        <tr style="background-color: #e6f1ef;">
          <td style="padding: 12px; border: 1px solid #ddd;">Specialist Survey</td>
 <td style="padding: 12px; border: 1px solid #ddd;"></td>
          <td style="padding: 12px; border: 1px solid #ddd;">Specific concerns (damp, timber, roofing etc.)</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Typically happens if a survey reveals a need for further inspection</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£150-£1,000 
(varies depending on survey requirements)
</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">Varies</td>
        </tr>
        <tr>
          <td style="padding: 12px; border: 1px solid #ddd;">Snagging Survey</td>
          <td style="padding: 12px; border: 1px solid #ddd;"></td>
          <td style="padding: 12px; border: 1px solid #ddd;">Completed or nearly completed new-build home</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Check everything's finished correctly and provide a photographic list of items for the developer to finalise</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£300-£1,000</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~1 week, 2-6 hours at the property</td>
        </tr>
      </tbody>
    </table>
  </div>

<h3>Most People Go For: RICS Homebuyer Report</h3>
<p>The Homebuyer Report is the most popular choice, and for good reason. It gives you a really good look at what you're buying without breaking the bank. The surveyor will look at the following, flag any urgent issues and help you tell a tradesperson what needs quoting on:  
<p style="margin-left: 25px">•	The property’s history and location
<p style="margin-left: 25px">•	Damp-proofing – this is where the moisture meter comes in
<p style="margin-left: 25px">•	Drainage – just the visual bits
<p style="margin-left: 25px">•	•	Main walls, roof, chimneys, windows, doors (everything which is visible) 
<p style="margin-left: 25px">•	Utilities inspection
<p style="margin-left: 25px">•	Fences, walls and boundaries
<p>Just so you know - they won’t pull up carpets and floorboards, or move items of furniture around. That's Level 3 territory.


<figure>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/book-a-survey/720.jpg' alt='Book a survey'></a>
<figcaption>Photo by <a href='https://www.freepik.com/author/senivpetro' target='_blank'>Senivpetro</a> | Freepik </figcaption>
</figure>


<h3>When should I book a survey?</h3>
<p>Honestly, as soon as you can. Pop it into your offer as a condition so the seller can review your complete offer against their timeline. If your offer is accepted, get your survey booked in right away. <p>Surveys can take a few weeks to complete, depending on which type you go for and how busy your surveyor is. Remember - keeping things moving is absolutely crucial to a smooth purchase.

<h3>What if the survey finds problems?</h3>
<p>Here's the thing: almost every survey conducted by a qualified surveyor whose good at their job is going to find something. Houses are a bit like people - they all have their quirks and none of them are perfect. So, if your survey does flag up issues, don't worry. 
<p>There are usually three ways forward: 
<p style="margin-left: 25px">1. Ask the seller to fix things before you buy.
<p style="margin-left: 25px">2. Negotiate the price to cover the cost of repairs.
<p style="margin-left: 25px">3. Accept the issues to keep your timeline, and plan to sort them yourself.

<p>Whatever comes up, we'll be here to help you work through it. We've seen it all before, and we're excellent at finding solutions that work for everyone. That’s how <b>we get it done</b>. 

<h3>Let’s get started</h3>
<p>If you want to book a survey, we recommend Arnold & Baldwin. If you're ready to put in your offer, hop onto your My Foxtons account. 


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<br><hr><br>
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   <p><p><b>Source:</b> This article has been reviewed and edited by <a href='https://www.arnoldandbaldwin.co.uk/' target='_blank'>Arnold & Baldwin</a> property surveyors, who regularly provide expert insight for our buyers and vendors. Arnold & Baldwin are regulated by the Royal Institution of Chartered Surveyors (RICS), and we cannot influence their surveys. They give the honest third-party information that you can use to make decisions, avoid surprises and have confidence in your offer or asking price. </div>



Selling

leasehold-london

<h2 class='intro_basic'>Big news for homebuyers - the government has just released plans to ban new leaseholds. This means future new-build flats will be sold as commonhold instead. This change could make the jump to homeownership easier for many people.</h2>



<h3>What does leasehold actually mean?</h3>
<p>Let’s start with a quick refresher on the terms: </p>


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<div class="icon-header"><center>&#x1f3e1;</center></div><br>
        <strong>Freehold (usually houses)</strong>
        <p>•	You own the property AND the land forever</p>
<p>•	You handle all repairs</p>        
<p>•	No lease to worry about</p>
      </div>
<div class="term homeownership">
<div class="icon-header"><center>&#x1f3e2;</center></div><br>
        <strong>Leasehold (usually flats)</strong>
        <p>•	You own the property for a fixed time period</p>
<p>•	Someone else (the freeholder) owns the land and building</p>        
<p>•	The freeholder handles major repairs</p>
        <p>•	You pay ground rent and service charges</p>
      </div>
      <div class="term incoming">
<div class="icon-header"><center>&#x1f91d;</center></div><br>
        <strong>Commonhold (new route for new-builds)</strong>
        <p>•	You own your property outright</p>
        <p>•	You get a say in building decisions</p>
        <p>•	You share responsibility for building management</p>
        <p>•	No ground rent or lease renewal worries</p>
      </div>
    </div><br><p style="text-align: right"><small>Read the full article: <a href='https://www.foxtons.co.uk/discover/2022/09/leasehold-vs-freehold-the-differences-and-what-to-consider' target='_blank'>Leasehold, freehold and commonhold</a></small></p>
  </div>

  
</div>
</body>
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<h3>What leasehold reform means for you</h3>
<p><b>If you're buying:</b>
<p style="margin-left: 25px">&#x2022	More property options to consider
<p style="margin-left: 25px">&#x2022 Clearer understanding of what you own
<p style="margin-left: 25px">&#x2022 Potentially lower long-term costs
<p><b>If you're selling:</b>
<p style="margin-left: 25px">&#x2022 New selling points for your leasehold property
<p style="margin-left: 25px">&#x2022 Recent reforms make your property more attractive
<p style="margin-left: 25px">&#x2022 Potential buyers will have fewer concerns

<figure>
<img src='https://page-assets.foxtons.co.uk/news-images/2025/03/barbican-leasehold/720.jpg' alt='Barbican leasehold'>
<figcaption>Photo: <a href='https://unsplash.com/photos/a-view-of-a-city-from-a-balcony-B0p2BR1z504' target='_blank'>Barbican</a> by <a href='https://unsplash.com/@krowdeed' target='_blank'>Lawrence Krowdeed</a> - <a href='https://unsplash.com/license' target='_blank'>Unsplash</a></figcaption>
</figure>


<h3>Changes brought by last year’s Leasehold Reform</h3>

<blockquote class='pullquote_right'>
<a href='https://www.foxtons.co.uk/discover/2024/06/awash-upa-round-up-leasehold-reform-and-renters-reform#leasehold-reform' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2024/06/apartment-buildings-london/720.jpg' alt='Leasehold reform act'></a> <p><small>Read: <a href='https://www.foxtons.co.uk/discover/2024/06/awash-upa-round-up-leasehold-reform-and-renters-reform#leasehold-reform' target='_blank'>Leasehold Reform in the Conservative Party's 'Wash Up'</a></small></p>
</blockquote>

<P>This new ban could help buyers find their perfect leasehold home in London’s incredible new-build market. But, of course, there is the matter of existing leasehold property. 
<p>Last year, right before the Conservatives left office, they pushed through a number of bills. Leasehold Reform was one of them, which made some strides in the ownership of existing leasehold properties. 
<P>The roll out has been a little trickier. The new government have said that some aspects of the bill require further consultations and secondary regulations. So, here’s what has changed and what has yet to change: 

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    <div class="card-header">No More 2-Year Wait</div>
    <div class="card-content">
      <div class="info-row">
      </div>
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="active-status">Active since 31 January 2025</span></div>
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      <div class="info-row">
        <div class="label">What it means for you:</div>
        <div class="value">New owners can extend leases (or buy freehold) immediately – no need to wait 2 years.</div>
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  <div class="reform-card">
    <div class="card-header">Right to Manage</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="active-status">Active since 3 March 2025</span></div>
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      <div class="info-row">
        <div class="label">What it means for you:</div>
        <div class="value">More rights to manage property, and abolishes the presumption that leaseholders pay a freeholder's legal fees for RTM claims.</div>
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    </div>
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  <div class="reform-card">
    <div class="card-header">Clearer Service Charges</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="coming-status">Coming 2025/26</span></div>
      </div>
      <div class="info-row">
        <div class="label">What it means:</div>
        <div class="value">Easier to understand what you're paying for in terms of communal areas.</div>
      </div>
    </div>
  </div>
  
  
  <div class="reform-card">
    <div class="card-header">990-Year Leases</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="coming-status">Coming 2025/26</span></div>
      </div>
      <div class="info-row">
        <div class="label">What it means:</div>
        <div class="value">Leases could be extended for 990 years (instead of 90 years for flats and 50 years for houses)</div>
      </div>
    </div>
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  <div class="reform-card">
    <div class="card-header">Marriage Value Ban</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="coming-status">Coming 2025/26</span></div>
      </div>
      <div class="info-row">
        <div class="label">What it means:</div>
        <div class="value">When a short lease gets extended, the property value goes up. This 'marriage value' is currently split between the leaseholder and freeholder. New regulations means this would go fully to the leaseholder.</div>
      </div>
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<h3>Still to come</h3>
<p>The biggest issue still to be ironed out is ground rents for <b>existing</b> properties. So far: 
<p style="margin-left: 25px">&#x2022	The <b>Leasehold Reform Act 2022</b> banned ground rents for most new residential property, but that does not apply to leases granted before 30 June 2022. 
<p style="margin-left: 25px">&#x2022 To pass the <b>2024 Leasehold Reform Act</b> quickly, the proposed cap on ground rent for existing property was scrapped. 
<p style="margin-left: 25px">&#x2022 This new <b>2025 Leasehold Ban</b> also wouldn’t address ground rent in existing leases, so there is still room for improvement. 
This is a complex bit of legislation to get through, but it would make a property into a more attractive listing, helping a lot of London’s homeowners move more quickly. 


<figure>
<img src='https://page-assets.foxtons.co.uk/news-images/2025/03/leasehold-london/720.jpg' alt='Leasehold in London'>
<figcaption>Photo by Foxtons Specialist Video & Photography Team</figcaption>
</figure>



<h3>Buying and selling leasehold <b>now</b>? We get it done</h3>
<p>You don't have to wait on legislation to achieve your goals – the opportunities are already out there. Whether you're buying or selling a leasehold property, our experts can guide you through the process.
<br>

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<a href="tel:020 7893 6300" class="cta-button cta-button-secondary">
  
  &#x1f4f1; Call 020 7893 6300</a>

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</div> 

<br>

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box-shadow: 0 4px 8px 0 rgba(0, 0, 0, 0.2), 0 6px 20px 0 rgba(0, 0, 0, 0.19);"> <h3><center><b>If you're buying:</b></center></h3>
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<br><hr><br>
<div style="background: #00000; 
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   <p><p><b>Source:</b> This article about the <a href='https://www.gov.uk/government/news/beginning-of-the-end-for-the-feudal-leasehold-system' target='_blank'>Commonhold white paper</a> was reviewed and edited by Foxtons Sales department, ensuring you have the best information on on changes to leasehold legislation when you need it. If you have any questions on this article, <a href='mailto:experts@foxtons.co.uk?subject=Article%20on%20the%20Leasehold%20Ban' target='_blank'>ask a Foxtons expert</a>.</div>

Home inspiration

home-renovations

<h2 class='intro_basic'>We're in the season for home renovations, so it's a great time to hear from a company who sees a lot of clients in the midst of them. Marcin Markiewicz, who runs <a href='https://removalsandstoragex.com/' target='_blank'>Removals & Storage Experts</a> in London, shared 8 ways to prepare for your next big project.</h2>

<hr>
<p>By: Marcin Markiewicz


<blockquote class='pullquote_right'>
<a href='https://www.foxtons.co.uk/valuations' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/front-door/480.jpg' alt=''></a><p><small>Renovating to sell? <a href='https://www.foxtons.co.uk/valuations' target='_blank'>Book a valuation</a> first to avoid unnecessary work.</small></p>
</blockquote>


<p>Preparing for a home renovation is an exciting yet complex process. Proper planning can make the difference between a smooth, well-executed project and a stressful experience filled with unexpected issues. 
<p>This guide provides essential steps to help homeowners navigate the planning phase efficiently and avoid common renovation pitfalls.


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<div id='news_list_holder'><div class='news_list'>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/kitchen-renovations/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<P><small><small>Photo by Foxtons Specialist Video & Photography Team</small></small></p>
<h3>1. Define your renovation goals</h3>
<p>Before starting your home renovation, establish clear objectives. Are you looking to enhance functionality, <a href='https://www.foxtons.co.uk/discover/2024/01/howto-guide-home-improvements-that-add-value' target='_blank'>increase property value</a>, or update your home’s aesthetics? Consider whether you need minor upgrades or a full house renovation involving structural changes, such as:
<p style="margin-left: 25px">&#x2022; Kitchen renovation to improve layout and efficiency.
<p style="margin-left: 25px">&#x2022; Bathroom updates for better use of space.
<p style="margin-left: 25px">&#x2022; Loft conversion to add an extra room.
<p style="margin-left: 25px">&#x2022; Basement conversions for additional living or storage space.
<p style="margin-left: 25px">&#x2022; House extension to accommodate a growing family.
<p>Consulting an architectural design expert can help refine your vision and ensure your renovation meets legal and structural requirements.
</p>
</div>
</div>

<div class="news_list_item">
<div>
<h3>2. Set a realistic budget and timeline
</h3>
<p>Renovation costs vary widely, and having a renovation project budget in place is crucial. Consider the following:
<p style="margin-left: 25px">&#x2022; Basic renovation costs: Small projects (e.g., cosmetic updates) may cost between £5,000 and £20,000 (Source: Checkatrade), while a full house renovation can range from £50,000 to over £100,000 (Source: Homebuilding & Renovating).
<p style="margin-left: 25px">&#x2022; Contingency funds: Set aside at least 10–20% of your budget for unexpected expenses.
<p style="margin-left: 25px">&#x2022; Timeline planning: Understand the time commitment required for different house renovation projects. A kitchen renovation might take a few weeks, whereas a house extension could last several months.
<p>Consulting project managers ensures that your timeline remains realistic and delays are minimised.
</p></div>
</div>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/removals-for-renovations/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<h3>3. Managing your belongings: removals and storage solutions</h3>
<p>Renovations often involve significant disruption to your living space. Planning what to do with your furniture and personal items is essential:
<p style="margin-left: 25px">&#x2022; Short-term solutions: Move items to another room if only a small area is affected.
<p style="margin-left: 25px">&#x2022; Long-term storage: For extensive renovations, consider removals & storage solutions to protect valuables from dust, damage, and theft.
<p style="margin-left: 25px">&#x2022; Secure off-site storage: Using professional renovation services that include storage options can ensure peace of mind while work is underway.
</p></div>
</div>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/construction-engineer/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<h3>4. Hiring the right professionals</h3>
<p>Choosing the right experts for your property renovation is key to achieving high-quality results. When selecting renovation work professionals, consider:</p>
<p style="margin-left: 25px">&#x2022; Architects and designers: Help with planning and compliance.
<p style="margin-left: 25px">&#x2022; Contractors: Ensure they have experience with house renovation projects and are licensed.
<p style="margin-left: 25px">&#x2022; Project managers: Oversee the renovation from start to finish, handling logistics and schedules.
<p style="margin-left: 25px">&#x2022; Renovation services providers: Ensure they work to the highest standards and comply with UK building regulations.
<p>Always request multiple quotes and check references before hiring a contractor.
</p></div>
</div>

<div class="news_list_item">
<div>
<h3>5. Organising the renovation process</h3>
<p>Renovating in the correct order prevents unnecessary delays and rework. Follow these key steps:
<p style="margin-left: 25px">1. Structural work: Walls, foundation repairs, house extensions.
<p style="margin-left: 25px">2. Utilities: Plumbing, electrical systems, and heating.
<p style="margin-left: 25px">3. Insulation and walls: Plastering and painting.
<p style="margin-left: 25px">4. Floors and fixtures: Flooring installation and final touches.
<p>For a kitchen renovation, ensure cabinetry and appliances are installed in the right sequence to avoid delays. Similarly, loft conversions and basement conversions should be fully waterproofed before proceeding with interior design.
</p></div>
</div>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/contractors-in-london-renovations/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<h3>6. Living through a renovation: minimising disruptions</h3>
<p>If you plan to stay in your home during renovations, prepare for noise, dust, and inconvenience. Key considerations include:
<p style="margin-left: 25px">&#x2022; Creating a temporary living space: Set up a functional area in an unaffected part of the home.
<p style="margin-left: 25px">&#x2022; Relocating if necessary: If work impacts multiple rooms, staying elsewhere might be more convenient.
<p style="margin-left: 25px">&#x2022; Using removals and storage experts: They can store and transport your items safely while work is in progress.
</p></div>
</div>

<div class="news_list_item">
<div>
<h3>7. Decision-making & avoiding delays</h3>
<p>Renovations require quick and informed decisions. As Clara Annesley, Construction Content Specialist at <a href='https://www.proficiencyltd.co.uk/' target='_blank'>Proficiency Ltd.</a> advises:
<p style="margin-left: 40px; margin-right: 40px;"><i>“Be prepared to make quick decisions. During a house renovation, your builder might call you and say, ‘Tomorrow, we’re painting the kid's bedroom. What colour do you want the room to be?’ If you need time to decide, think over it. The entire project gets delayed. And if you're renting another place to live while your home is being renovated, every delay means paying extra for your temporary home.”</i>

<p>Plan ahead by selecting materials, finishes, and fixtures early to avoid unnecessary hold-ups.
</p></div>
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<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/interior-design-renovation/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
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<h3>8. Final stages & finishing touches</h3>
<p>As your house renovation project nears completion, focus on:
<p style="margin-left: 25px">&#x2022; Quality assurance: Walk through with your project managers to check for unfinished work.
<p style="margin-left: 25px">&#x2022; Interior design and décor: Select furniture, lighting, and accessories that enhance your newly renovated space.
<p style="margin-left: 25px">&#x2022; Final cleaning and move-in: Ensure all dust and debris are cleared before returning stored items.
</p></div>
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<h3>Start your renovation project with a home property valuation today</h3>
<p>A well-planned home renovation can transform your living space and add value to your property. By setting clear goals, hiring the right professionals, and efficiently managing removals and storage, you can ensure a smoother experience. 

<p>However, if you are renovating to sell, it's better to <a href='https://www.foxtons.co.uk/valuations' target='_blank'>book a Foxtons valuation</a> first. We'll help you assess how renovations might impact your home's resale potential and in getting the right timeline for your sale: 

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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary">Book a valuation</a>

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   <p><p><b>Source:</b> This article was guest written by <a href='https://uk.linkedin.com/in/marcin-removalsandstoragex' target='_blank'>Marcin Markiewicz</a>, who runs the removals and storage company <a href='https://removalsandstoragex.com/' target='_blank'>Removals & Storage Experts</a>, based in London. He is passionate about helping people make a new house a home and to do away with the stress of moving.</div>


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