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 moreFlipping Property to Make Money in Colchester
Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country occupied by people aged 65 and older and 4.39% of OAP renters are living in private rented property. It got me thinking two things. How many of these OAP’s (people aged over 65 for the … Read moreOAP Renters Occupy Over 3% of Colchester Households
Just before the Christmas break one of my landlords popped into my office with his eleven year old son who asked “How much would it cost to buy all the houses in Colchester?” Over the holidays the question stuck with me and I set myself the challenge to come up with an answer for the … Read moreWhat’s the Total Value of Colchester Properties?
On a cold and foggy January morning there’s nothing better than a cooked breakfast so I arranged to meet up with a long standing client, and friend, at the Jubilee Cafe. We got chatting about the number of Colchester properties for sale. I had just completed my research for this blog post so our conversation … Read moreColchester Properties For Sale – Unexpected 9% Autumn Boost
2016 was certainly eventful in ways that will affect all our lives for years to come. The change of UK government following Brexit and Trump winning the US election means the world is entering a period of uncertainty. This Colchester property market overview looks at the prospects for Colchester landlords and homeowners. The headlines for … Read moreColchester Property Market Overview
Last week a Colchester landlord asked me “How’s the Colchester housing market doing?” to which I replied “Quite strange” and went on to explain. Colchester property values went up 2.65% last month alone, leaving Colchester property values 14.5% higher than a year ago. An increase in demand from buyers and the continuing shortage of properties … Read moreColchester Property Values Still Increasing – Good or Bad News?
“A pound saved is worth two pounds earned – after taxes” is what my Grandfather used to say. He loved his irony, yet was always a wise man, and it is tax I want to talk about today, in particular, property taxation – Stamp Duty in fact. Apart from some minor exemptions, Stamp Duty is … Read more£6m in Stamp Duty Paid by Colchester Residents
But it’s not all bad news! Figures just released by the Bank of England, show that for the first half of 2016, £128.73bn was lent by UK banks to buy UK property. That’s impressive when you consider only £106.7bn was lent in the first half of 2015. Even more interesting, was that most of the … Read moreFirst Time Buyers in Colchester Paying 13.1% More Than 12 Months Ago
I had an interesting chat with a Stanway landlord who owns a few properties in and around Colchester. We had never spoken before (he uses another Colchester property agent to manage his properties) but, after reading my Colchester property market blog for a while, the landlord wanted to know my thoughts on how the recent … Read moreHow Will the 0.25% Interest Rate Cut Affect the Colchester Property Market?
Even the most sane person in Britain has to admit the Brexit vote will, for better or worse, affect the UK Property market. Excluding central London, which is another world, most commentators broadly agree prices will be adversely affected by around 10%. Looking at commentators’ thoughts in more detail, Colchester property values will be 10% … Read moreColchester Property Prices Post Brexit Set to Drop £22,800 in the Next 12 Months?