moving to Colchester

How Far Do People Travel When Moving To Colchester?

This was prompted by a question a client asked me recently. Although moving to Colchester and leaving Colchester are two separate questions regular Colchester property blog readers will know I love a challenge – especially one that involves delving into Colchester property market stats. The short and predictable answer is “not far!” Anyone researching their … Read more

Leasehold properties in Colchester

Colchester Leasehold Properties Now 1 in 14

Colchester leasehold properties have traditionally been flats or commercial premises but that’s changing as the percentage of leasehold properties increases. There are 23.36 million properties in England and Wales. 64% are owner occupied and 36% are rented from a private landlord, local authority or housing associations. Over 90% of English and Welsh owner-occupied properties are … Read more

Colchester apartments

Colchester Apartments Outperform Property Market Average by 12%

According to the Land Registry’s latest House Price Index for Colchester and the surrounding locality, the value of Colchester apartments and flats are rising at a faster rate than terraced and town houses, semi-detached properties and even detached property. Over the past year Colchester apartments and flats have increased in value by 13.63%, which is … Read more

the pressure on the Colchester housing maret due to high birth rate

Over 3 Babies Born For Each New Home Built in the Colchester Area

Over the last decade the birth rate has continued to rise adding ever more pressure on Colchester’s green belt land and the already overstretched Colchester property market. 3.11 babies were born for every new home built in the Colchester Council area during 2016. Inevitably this means more demand for housing and, along with other reasons … Read more

hard Brexit consequences

Hard Brexit Could Cause 1,800 Properties to be Dumped Onto the Colchester Property Market

With the general election campaigning in full swing one thing is certain – whoever gets the job to deal with Brexit has a tough job on their hands! Now Article 50 has been triggered, we have two years to make a deal with the EU or we will be facing a “Hard Brexit”. By refusing … Read more

How a general election can affect property transactions and prices

How Will the General Election Affect Colchester Homeowners?

There are 50,106 households in Colchester. Of those, 13,421 homes are owned outright (without a mortgage), and 16,834 homes are owned with a mortgage. I’ve been asked by landlords and friends how I think the timing and outcome of the general election will affect the Colchester property market so here’s my analysis… Often the best … Read more

Colchester railway station

How Does Colchester Train Station Affect the Colchester Property Market?

Every day over twelve thousand people travel through Colchester train station, according to the latest Office of Rail & Road statistics, which works out to a staggering 4.5 million journeys a year. Although it isn’t immediately obvious it’s not always the swankiest Colchester streets or poshest villages around Colchester where properties sell and let the … Read more

rental income in Colchester

Colchester Rents Up 19% Since 2005 But Down 20% in Real Terms!

There’s a lot of interest and speculation about the prospects for the rental property market post Brexit. Understanding what happened during the credit crunch, and what has happened since, should help us better understand the possible ramifications for rental income and property values for long-term investors in the Colchester property market. The performance of rental … Read more

housing affordability in Colchester

Colchester Housing Affordability Ratio 9.6 to 1

The best measure of housing affordability in Colchester is the ratio of Colchester Property Prices to Colchester Average Wages. The higher the ratio, the less affordable properties are. The headline ratio of 9.6:1 is the estimated figure for 2016. Looking at the table below we can see housing affordability in Colchester has been relatively stable … Read more