Colchester first-time buyers could face 50 year mortgages

Colchester First-Time Buyers Could Face 50 Year Mortgages!

First-time buyers are important for both landlords and homeowners. If first-time buyers aren’t buying, they still need a roof over their heads, so they rent – which is good news for landlords. If they buy, demand for Colchester starter homes goes up – which makes it easier for other Colchester homeowners to move up the … Read more

Colchester council house waiting list

Colchester Council House Waiting List Drops 14.6% Over Last 4 Years

In Colchester, there are 8,131 social housing households, which represent 16.22% of all the households in Colchester. There are a further 4,162 families in the Colchester Borough Council area on the council house waiting list, which is similar to the figures in the late 1990’s. In 2012 the council house waiting list in Colchester peaked … Read more

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

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

flipping property in Colchester

Flipping Property to Make Money in Colchester

Colchester Property Prices Increase by £42.71 Every Day! Investing in Colchester buy to let property is different from investing in the stock market or depositing cash in a Building Society but there is another specialist area of property investment I haven’t talked about before called “flipping property“, here’s an idea of how it compares to … Read more