Tuesday, September 2, 2008

Dying embers of the property ramping articles

Top 10 university towns to buy property

IN PREVIOUS YEARS it was a no-brainer for parents with enough cash to buy a flat for their son or daughter to live in while at university, as the rising property market promised good returns on the investment. However, with house prices crumbling and the credit crunch in full swing, parents of students beginning a degree course this year will be thinking hard before following the same well-trodden path. Below is a table showing the towns that have seen the biggest rises over the last five years. Although, as everyone should know by now, past performance is no guarantee of future success.... House price increases in the last 5 years: Belfast 105%; Dundee 101%; Bangor 100%; Aberdeen 95%; Bradford 94%; Swansea 87%; Paisley 86%; Salford 81%; Hull 79%; Middlesborough 79%.

Posted by drewster @ 01:00 AM (773 views)
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8 thoughts on “Dying embers of the property ramping articles

  • What really gets me about this whole housing bubble is, when you look at how far property has gone up over 5 years, in percentage terms you start to think….. How on earth can this madness go on. And with regards to getting a university education, what did that twa-yett Brown think this property BUBBLE was going to do to anyone looking to live for 3/4 years while studying? All the places listed in the article synopsis have traditionaly been some of the ‘cheaper’ (and I mean that in the purely financial way) places to study with regards to property. This thing really is so much more MASSIVE than the 80s/90s crash.

    (All together now) Oooooooh, the runaway train came down the track and she blew………..

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  • the runaway train came down the track and she blew………..

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  • the runaway train came down the track……….

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  • … its driver and crew were high on crack …

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  • …the housing market may never come back….

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  • Crashwatcher,

    Good point. A lot of universities have taken note of the BTL boom and have been building massive new halls of residence. I’ve seen quite a few of these in different parts of the country. The rents aren’t cheap and the buildings themselves generally look like 1960s council block monstrosities, but they tend to be more convenient for students. BTL in university towns looks just as doomed as elsewhere.

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  • Highlander363 says:

    UNITED KINGDOM

    Emigrating? – Worried about repossession, a property chain breaking down or hidden costs involved with traditional selling methods? Maybe estate agents and countless strangers wandering through your property is something you really don’t want, sell your house now with Watson Howse Developments click on http://www.fast-house-salenow.co.uk

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