Plain-English advice on buying, selling, letting and renting on the Kent coast, written by the people who do it every day.
With 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.
Read the article• According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. • In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash. • The insider’s way to find out if there will be a property crash. • … and 4 reasons why buy-to-let landlords are coming back into the Margate rental market to protect their wealth and hedge against inflation.
Read the article• Ramsgate needs 165 additional private rented properties per year to keep up with current and future demand from Ramsgate tenants. • Yet over the last 5 years, Ramsgate has lost 316 private rented homes. • What are the 5 reasons the supply of private rental properties in Ramsgate are falling? What does this mean for tenants and landlords in Ramsgate?
Read the articleThe Margate housing market over the last five years has behaved oddly. Margate house prices are 23.7% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic. Yet, a less observed trend is that the net number of homeowners in Margate has risen by 1,228 households, a jump of 3.7%. Why has growth in homeownership happened, and what does it mean for Margate's existing homeowners (and landlords)?
Read the articleDid you know there are 1.304 Terraced Houses in Broadstairs? What is the history behind the humble terraced and why are they so popular with Broadstairs homeowners and Broadstairs buy-to-let investors? Read this article to find out more
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