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 moreColchester Housing Affordability Ratio 9.6 to 1
With plenty of interest in properties for sale in Colchester I thought now would be a good time to take a snapshot of the Colchester property market in Colchester for the first quarter of 2017. When we look at the number of properties for sale, their asking prices, and the price properties actually sell for … Read moreProperties For Sale in Colchester Up 28% Good or Bad News?
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
The Colchester housing market has gone through a sea change in the past decades with the Buy-to-Let (BTL sector) evolving as a key trend, for both Colchester tenants and Colchester landlords. A few weeks ago, the Government released a White Paper on housing. I have had a chance now to digest the report and wish … Read moreHow Will The BTL Sector & BTR Sector Transform The Colchester Property Market?
This week I’m going to look at Colchester’s “Generation Trapped” which follows on from last week’s post about the issues facing Colchester’s “Generation Rent”. Attitudes to renting have certainly changed over the last twenty years and, as my analysis suggested, it’s likely to be a permanent change. Although a minority of Generation Rent do feel … Read moreColchester’s “Generation Trapped” and the £8.21bn Legacy
During the “good old days” of the 1970’s and 1980’s we coped with 24% inflation, 17% interest rates, the three day working week, 13% unemployment and power cuts but at least most people aspired to buy their own homes. Most people in work could afford to buy their own homes. Why aren’t 20 and 30 … Read more“Generation Rent Forever” Have No Intention To Buy a Property To Call Home!
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
In May 2016, Rt Hon George Osborne, MP for Tatton, published an official HM Treasury analysis stating UK house prices would be lower by between 10% and 18%, by the middle of 2018, compared to what is expected if the UK remained in the European Union. Nine months after the Referendum let’s take a closer look … Read moreColchester Unemployment Down to 3.7%. How Does this Affect the Colchester Housing Market?
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?
Is buy to let immoral? Let’s look at how the buy to let market got started. The urge to own our own homes is peculiarly British and sets us apart from our European neighbours where renting is the norm and who owns the house, or the land, isn’t nearly as important. Back in 1971, when Ted … Read moreIs Buy To Let Immoral? Part 2 of 2