News

Take a long-team view when buying a property

Much has been written about the property market in recent months in terms of whether there will be a fall in prices .There is a constant debate in the press about the right time to buy your first home or perhaps your first investment. The plain truth is nobody can predict the future but you can look to the recent past as a excellent guide to future prices.

Anthony James Manser opened in 1984 ,twenty six years ago. At that time a average two bedroomed cottage would have sold for around £45,000.A three bedroomed semi detached house would have sold in the region of £55,000 .Move forward to the present day and a two bedroomed cottage now sells in the region of £300,000 and a three bedroomed semi can now sell for over £400,000.These are huge increases over a relatively short period of time. The average mortgage is normally twenty five years in length.

Remember though that there are ups and downs in all markets and that you should always take a long term view when it comes to the purchase of property.

Rental Demand Reaches Record High For Buy To Let Landlords

Research from the Association of Residential Lettings Agents (ARLA) has concluded that the number of prospective tenants seeking rental properties is at an eight year high. There is still a lot of uncertainty in the economy with talk of cuts. This means many tenants are opting to stay where they are for the foreseeable future while they take a ‘wait and see' approach. This is great news for landlords because it means rents are rising and there is virtually no risk of a well-presented, well-situated property remaining empty for any significant time. We are also finding that good quality properties with neutral décor and modern kitchens and bathrooms are being snapped up within days, and often within hours, of coming onto the market with us.