In this post credit crunch world of sub terrain low interest and annuity rates so low a limbo dancer would smart, the growth of buy to let since 2009 has been phenomenal. So much so, there has been an evolution in purchase of property in the UK from that of just buying the roof over … Read more2.7% Drop in Essex and Colchester Property Transactions – Is the Buy to Let Dream Over
The Pros and Cons of Home Ownership and Renting Explored… Renting used to be a dirty word in the 60’s and 70’s. You either lived in a ‘Rigsby Rising Damp’ style bedsit with wood chip on the wall and a coin operated electric meter (that buzzed in the night) or you lived in a council … Read more38% of People in Colchester Rent – Is that Healthy?
Are spare bedrooms the cause of the Colchester housing crisis? That isn’t a typo, of the 50,106 households in Colchester, 16,704 of those properties don’t only have one spare bedroom, but two spare bedrooms! … and it is this topic I want to talk about this week, my Colchester Property Market Blog readers – because … Read more16,704 “Spare” Spare Bedrooms in Colchester
Buy To Let Property Prospects in Colchester… “The growth of the private rented sector, and the arrival of an investor class of buy to let landlords within it, is an issue that won’t be going away anytime soon, no matter what you read in the Daily Mail”, I said, as I chatted over a coffee … Read moreColchester’s “Generation Rent” to Grow By 2,250 Households by 2021
I received an e-mail from a landlord in Lexden the other day. She had apparently been following my blog for a while and wanted to pick my brain concerning the best time of the year to sell a property. If like me you haven’t had to sell a property in recent years you may not … Read moreWhich is the best month to sell your Colchester home?
It’s 5.50am as I start to type this article and David Dimbleby has just announced the UK will be leaving the EU as the final votes are counted. As most of the polls suggested a Remain Vote, it came as a surprise to most people, including the City. The Pound has dropped 6% this morning … Read more53.6% of Colchester Voters Voted to Leave the EU. What Now For Colchester Landlords & Homeowners?
Here’s some positive new for Colchester property owners. Did you know that Colchester house values have risen by 167% since the Millennium whilst average salaries in and around the town have risen by just 51% over the same period ? Not such good news for those struggling to get onto the property ladder of … Read more167% increase in Colchester Property Values since the Millennium
I was having an interesting chat with a client in Highwoods the other day, when he asked me the difference between asking prices and property values and why it mattered. When it comes to selling a property, there has to be agreement between the buyer and seller (vendor) for a property sale to take … Read moreAsking Prices of Colchester Property up 17% in the last year
I was chatting to a friend over a cup of coffee recently when he asked me who I thought was to blame for the housing crisis. You see, we Brits have a reputation for being a country of home owners. But the truth of the matter appears to tell a different story, because … Read moreColchester Housing Market in Crisis : Who’s to blame ?
9.5% rise in Colchester property values affecting town’s housing crisis Colchester’s continuing housing shortage is putting the town’s (and the Country’s) reputation as a nation of homeowners ‘under threat’, as the number of houses being built continues to be woefully inadequate in meeting the ever increasing needs of the growing population in the town. … Read more9.5% rise in Colchester Property Values