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Turnbull2000

Newcastle Journal - Time To Get On The Bottom Rung

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http://icnewcastle.icnetwork.co.uk/homemak...50081-20654861/

Is the line highlighted in bold even legal? The Journal has often been the purveyor of property spin, so this article is hardly surprising.

WITH the average cost of a property in the North East now £148,686, more than a third below the UK national average of £222,256, first-time buyers in the region are actually in a more favourable position than most.

In fact, those in the market for a starter home can expect to pay well below the North East average figure.

The reality is, however, that young people are generally put off investing their hard-earned cash in bricks and mortar and choose to continue renting or living at home – often what they believe to be the only way of affording a lifestyle they enjoy.

This mindset is hardly surprising, given the recent doom and gloom talk surrounding the economy and the constant exposure in some sections of the media on the housing market. In fact, it’s no wonder that first-time buyers are more than a little apprehensive.

The facts, however, are very different and the industry is perhaps guilty of not educating first-time buyers on the affordability of owning their own property.

The truth is, there has never been a better time to get a foot on the ladder as prices are very realistic at the moment. The property market is, and will always be, the best place to invest and the key for first-time buyers is to seek advice on what is not only a property purchase, but a future long-term investment.

By talking to experts such as ourselves, young buyers can get the guidance and direction they need. We work with many established financial advisers across the North East who are vastly experienced in sourcing and securing mortgages for purchasers of both new and second hand properties.

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http://icnewcastle.icnetwork.co.uk/homemak...50081-20654861/

Is the line highlighted in bold even legal? The Journal has often been the purveyor of property spin, so this article is hardly surprising.

If their decisions on investments / property purchase are anything like their decisions on football managers - just stand back and laugh.

Edited by Notlongnow

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there has never been a better time to get a foot on the ladder

What, even better than 1998? Shows how ignorant I am!

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I once had a date (about 4 years ago) with someone who was a journo for the Newcastle Journal's business section.

On what turned out to be a very boring 3 hours dominated by her talking about herself all the time, she essentially told me her job was to go and interview local business leaders and report what they say. Sounds a bit like churnalism to me - PR masking as journalism.

Not that different from the rest of the MSM then.

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  • 292 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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