Plain-English advice on buying, selling, letting and renting on the Kent coast, written by the people who do it every day.
Will there be a house price crash like those of 1988 and 2008? Are you aware of the six significant differences between now and those years? All Margate homeowners and Margate landlords should read this article, especially those hoping for Margate house prices to drop – you might end up losing at least £35,871 in the next five years! Read the article to find out why?
Read the articleYou’d be forgiven for adopting a head-in-the-sand approach to current affairs. Listening to a news bulletin filled with the energy crisis, the war in Ukraine, cost of living surges, and political uncertainty are enough to put anyone on a downer. The clouds of gloom and doom have gathered over the Thanet property market. Will there be a house price crash? Is a common feature for many involved in the media to discuss.
Read the articleWhat will the recent interest rate & stamp duty changes mean for Ramsgate homeowners and landlords? Things are certainly going to change in the Ramsgate property market, yet not in the way you might think. Read the full article to find out more.
Read the articleCrisis. Turmoil. Unprecedented. These were words rarely used pre-pandemic. Now they’ve become staples of our nation’s news coverage. And this week, they have been used more than ever to report on the economic waves caused by the Chancellor’s mini-budget last week.
Read the articleThe Chancellor has announced this morning a cut to the Stamp Duty tax in England and Northern Ireland.
Read the articleLooking at the newspapers with their doom and gloom headlines, you would think that the Margate property market would be on its knees. Yet Margate house prices and the number of properties selling continue to be high. Read the article to find out why…
Read the articleMany of Broadstairs’s mature homeowners are stuck in their oversized homes. Their children flew the nest years ago, yet they are unable to find suitable Thanet properties to move to. Broadstairs’s ‘Generation Stuck’ are holding back those younger Grantham ‘Generation Renters’ move into the larger homes they need. What is the answer to this problem? Read the article here….....
Read the articleThanet property prices have increased by 27.8% over the last two years. Thanet house prices have risen on the back of several things, including changes in how people see their homes and how they live and work (i.e. working from home), a lack of properties on the market and government tax incentives (the stamp duty holiday in 2020). Yet, the tide could be beginning to turn as the number of houses coming on the market is increasing as supply is starting to catch up with demand - in Q1 2022, 389,811 properties came onto the market in the UK compared to 425,295 in Q2 2022. One would typically expect Q1 to be larger than Q2 in average years. Yet some commentators are saying one thing that could stifle this growth is the cost-of-living crisis.
Read the articleIs it a seller’s or buyer’s Margate property market? In this article, I discuss this and how things are beginning to change in Margate Also, that there are in fact many Margate property markets and how savvy home buyers can spot bargains by following certain trends. Read the article here.
Read the articleEven though the average value of a Ramsgate first-time buyer property has risen by 314.6% since 1989 to £280,940, the monthly payments Ramsgate first-time buyers must make on their mortgages as a proportion of their take-home pay is 42.9% less today compared to 1989. Today, according to the Nationwide Building Society…
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