The sizes and numbers of gardens in London are decreasing because stamp duty is encouraging extra extensions as an various to transferring.
That’s the declare made by Ordnance Survey, the nationwide mapping company, which has furnished mainstream information shops with aerial images exhibiting how backyard space has diminished by 5 per cent in London in the ten years to 2021.
Some of that discount is right down to the development of backyard sheds and out of doors dwelling places of work, however OS believes a lot of the trigger is the constructing of extensions
It says that there have been 382.41 sq. kilometres of backyard space in London in 2011 – representing 24 per cent of the capital’s space. However, now it’s 367.46 sq. kilometres, or 23 per cent.
Experts recommend that exterior of the present stamp duty vacation, a purchaser of a £1.2m dwelling must pay some £63,750 in SDLT however may as an alternative spend round £1,500 per sq. metre on an extension – suggesting the additional space may very well be extra reasonably priced although enlarging a present home and decreasing the backyard, quite than shopping for a special bigger property.
Danny Hyam, of Ordnance Survey’s technical companies crew, tells the Daily Telegraph: “In most components of the nation, city areas are increasing outwards on the edges. In London, there is not the space for brand spanking new gardens – it is all massive blocks of flats because that is what we have the space for.
“London is an costly place to maneuver and so persons are principally extending their properties quite than shopping for. At the backs of gardens with alleyways behind them, we’re seeing massive garages and large sheds being constructed.”
