stuckin2up2down Posted August 1, 2016 Share Posted August 1, 2016 This EA newsletter brightened up my Monday slightly. Apologies for the formatting, they are ship at brochures and all that. July 2016 NewsletterAs the political turmoil and very hot summer ticks on, here are some very quick headlines for your consideration:Prices – Are they going up? No. But are they going down? No. Despite the ‘baited breath’syndrome that seems to have affected the country since Brexit, we have not seen anysignificant drop in prices. Some properties are on sale for an optimistic figure – but if theprice is right then the property will sell. In certain areas we have achieved more than theasking price, this is unusual but is an indication that the market is far from dead.Buyers – Buyers still exist, are still buying and are still keen to get the home of theirdreams. The chains can be longer than normal but we carefully check all offers and chainsto make sure they are good to go. We have had one or two (literally one or two) buyersgetting nervy about buying, but we have been able to re-sell the property involved straightBuy-To-Let – Despite media comments to the contrary, the buy-to-let market is stillstrong. We are still seeing ‘investor’ buyers and first time landlords buying property of alldescriptions, in particular flats. The return on rent still looks good and property still has thefeel of a sound investment. Low interest rates and a volatile stock market have bothplayed their part in keeping property investment attractive.Commercial – You will have seen headline news about commercial investment funds.The problem with these is lack of direct control. Bearing in mind you can put a commercialproperty in your pension, setting up a SIPP to do so is straightforward. We are still seeinglots of interest in shop units and small commercial buildings by individual landlords. Likeresidential property, the returns and control make this a very attractive option.To conclude – These comments are based on what we are seeing at the moment acrossall of our branches. Property remains a sound investment, but more importantly buying agood home is still high on the agenda. I do not have any real evidence of this but perhapsin uncertain times, investing in your ‘castle’ becomes even more attractive! Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted August 1, 2016 Share Posted August 1, 2016 Agree with most of whats said but... Affordability is key here, and most of london and the south east isnt. Even parts of the midlands heading that way. I would expect London to fall until it becomes affordable. Banks should be tightening up lending soon if they havent already. I think time is good to buy, but you have to offer low and get it cheap. Quote Link to comment Share on other sites More sharing options...
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