If you thought the property market was due for a Brexit crash or at least another year of prices going nowhere, you would have got an almighty shock when the Halifax House Price Index for February 2019 was released recently.
Should you buy before or after the Brexit house price bounce? There is growing talk of “a Brexit house price bounce” – a jump in house prices, starting in London, once the outcome of Brexit is clearer.
The property pain for hard-pressed Londoners trying to sell is not letting up one bit thanks to the uncertainty of Brexit, high stamp duty charges and “stretched affordability”.
They often say one person’s misfortune is another person’s gain. Over the coming years, that is increasingly going to be the case for small and not so small shops up and down the country.
Things are looking really bad for London house prices… but are things as bad as they seem?
It is necessary to be cautious and careful when buying a leasehold property. There are many risks involved and you can lose a lot of money and have a lot of problems if you don’t go about things the right way.
At the very time when fewer and fewer people are able to afford home ownership, the future for tenants seems far from bright… in fact it seems very worrying.
Anyone who thinks there is a bright future for buy to let (BTL) has issues with reality recognition. But is it really RIP for the investment of choice for the small guy over the last twenty odd years?
Despite numerous obstacles, including rising unaffordability in many parts of the country , the number of first time buyers continues to grow. But can this good news story continue?
Rightmove house price index for December 2018 shows that asking prices are still falling at a significant rate – down 1.5%, equivalent to a drop of £4,496 for the average property. The fall the previous month was 1.7%, giving a drop of 3.2% (or £9,719) over two months, the biggest two month fall since the same time of year in 2012.