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Some Interesting UK Housing Statistics For October 2022
Here are some extremely interesting UK housing statistics that have been bought to us courtesy of Christoper Watkin. The good news is despite all the negative press and uncertainty the market is relatively stable and good for this time of year.
Waiting For The Margate House Market To Crash Will Cost You £35,871
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?
Ramsgate Property Market What Will The Stamp Duty Cuts And Interest Rate Rises Mean For Ramsgate Homeowners And Landlords?
What 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.
Broadstairs’S ‘Generation Stuck’ And Their £1,699M Tied-Up Equity
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….....
Ramsgate Starter Homes Are 42.9% Cheaper Today Than In 1989
Even 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…
53.5% Of Thanet Properties Were Bought With A Mortgage In The Last Ten Years
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.
31% Of Thanet Property Sellers Reduce Their Asking Prices
• 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.
The Shifting Margate Property Market
The 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.
What Was The Average Ramsgate House Price In 1952?
Well, 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..
The 6 Reasons Thanet Rental Properties Could Inflation Proof Your Savings?
• 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.