Sunday, Jul 27, 2008
"Petrol's gone up 50p, so let's buy a £500,000 house"
Times: Top ten places to buy property on the coast
More rubbish from the Times' property section: "Because of rising air fares and the strong euro, holiday homes in Britain are looking increasingly attractive. Prices haven’t collapsed as some predicted, but you can negotiate a bargain if you’re breaking into the market. Houses are likely to be cheaper than last year and cheaper than in two years’ time. While Salcombe is holding up well, more people are releasing property in cheaper locations nearby, such as Dartmouth, that they perhaps shouldn’t have bought in the first place. In Whitstable, it is difficult to buy a beachside house for less than £500,000. “It’s a good bet for investment over the next five to 10 years", says a local estate agent. Broadstairs will benefit from faster rail services using the high-speed track to St Pancras."
1 Comment
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1. Nemo said...
Now would be a really good time to introduce a harsh tax regime for second homes. Council taxes quadrupled in periods of unoccupancy, capital gains tax of 50%, planning permission for use other than full time home