IIt's always important to keep an eye on what the housing market is doing; hopefully, this will help you make better informed decisions about when it is best for you to buy or to sell a property. In addition, many people buy, or invest in, property for many different reasons.
buy to let
Often a house move is triggered by a change in family circumstances; apart from a job move, the next biggest factor is children departing for university. Either parents decide it’s also time to downsize, or they decide it will help raise some useful cash, too, to help the children get through university or college.
Apart from tuition fees, the cost of student accommodation is the next single biggest expense, so how do you make sure you make the right choice?
Buy to let investment is now twice as popular as stocks and shares, or banks, when it comes to saving among the over 50s.
The silver surfers among us, ie the majority of the over 50s are not so happy with their retirement plans.
Recent research shows that they have lost faith in banks, shares and pensions, and consider that property represents a safer and more satisfying investment. Volatility in the stock market and banking scandals have contributed to this change in attitude.
The number of affordable homes completed in 2012/13 was down by 29 per cent from the previous year, contributing to a chronic shortage of homes which forces up rents and pushes house prices and deposits further out of reach of first time buyers, so will the Help-to-Buy scheme be enough?
Affordability has improved with the Government stressing that it is building 170,000 new homes across England to help cope with demand.
With mortgage rates reaching a new low of just 3.43% in the 2nd quarter of this year, the UK’s housing market recovery is gathering momentum. Many cities and towns across the country have seen house prices rise.
The buy-to-let market in Greater Manchester and other areas of the North West of England is booming thanks to mortgage rates reaching a new historic low in September. The recovery of the UK housing market continues to gather pace as a result – the lack of suitable homes being built for some segments of the population has also contributed to some parts of Britain seeing a boom in the buy-to-let market.