Plain-English advice on buying, selling, letting and renting on the Kent coast, written by the people who do it every day.
Many 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…
Read the articleWith Thanet homeowner’s mortgages at an all-time high, could the record levels of mortgages that Thanet people take out cause another property crash like they did in 2008/9? In this article I look at how Grantham people have been buying their houses and how exposed the Thanet property market is to rising interest rates. The findings will surprise you. Click here to find out why.
Read the article• 437 of the 1,409 properties on the market in the Thanet area have had a price reduction in the last 3 months. • The average reduction has been 5.1% of the original asking price. • This is great news for Thanet home buyers and Thanet buy-to-let landlords, strangely Thanet house sellers as well.
Read the articleThe Margate property market is on the verge of a ‘tipping point’. The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Margate in the coming 12 to 18 months. Yet, rising interest rates and the cost-of-living issues won't knock everybody out of the property market and there shouldn't be a housing bubble for two vital reasons.
Read the articleWell, what a Jubilee weekend that was! Celebrating the 70 glorious years of our Queen. Looking back at the housing market during this time, what has changed since 1952, especially regarding Ramsgate property? What did a mortgage cost a typical Ramsgate homeowner then and, was it cheaper to buy a house then than today? Can you guess what an average Ramsgate home cost in 1952? Find out here..
Read the article• Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth. • Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times. • This article looks at how investing in Thanet property could help you 'hedge' against inflation and protect your savings and wealth against the possible recession.
Read the articleShould you buy now or wait for the bargains? • Many commentators believe we have seen the peak of the Broadstairs property market. • So, should savvy bargain hunters wait for Broadstairs house prices to fall? • Or could postponing your house buying for any anticipated Broadstairs house price drop be a costly mistake? Over the last two years, the Broadstairs property market has been a rollercoaster ride of hyperactive demand together with the new sport of getting your offer accepted when you compete with 30 other bidders.
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