As always, I’ll give you a little indication of what I’m personally seeing happening in the property market at the moment and then an overview of what the wider Press is reporting has been happening. I’ll start with what I’m actually seeing, based on my experience as the owner of a solicitor/estate agency firm.
Why Am I Drafting This Article?
So, you’re thinking about buying a property as an investment and you haven’t done it before. There’s nothing to it really, is there? Just a question of getting a flat that’s in good condition, or buying one then making sure that it ends up in good condition, then you find a tenant, get the rent in and make a tidy profit. No?
People regularly say to me that they are thinking of buying an investment property and ask my advice as to what sorts of areas they should buy the property in. They rarely ask what type of property they should purchase but, to be honest, that’s probably as important as the area. The idea of this article is to try to address those two issues.
What’s Happening in the Property Market in August aka Did Anyone Actually Go on Holiday This Year?
I’m not going to write a huge amount this month as, property-wise, it’s been a bit of a slow news month. Nothing particularly shocking has been published or indeed happened, I could have my regular rant about inconsistent property-related reporting in the Press but that’s going to be becoming pretty old hat pretty quickly, so there’s not really a huge amount to report.
Saw this article yesterday and thought it worthy of comment:
As a bit of a lefty liberal I do quite like the Guardian and tend to be quite sympathetic to its take on things. I saw this though and thought it was a bit alarmist in a way that the Daily Mail tends to specialise in.Your Read More Link Text
Apologies for the slightly late posting of this month’s property market update. The only excuse I have is that, as business goes from strength to strength, our head valuer has been off on holiday this past week and a half and I am filling in for him in his absence and, quite honestly, I’ve got some idea of just how much he gets through in a day now: kudos indeed!
Anyway, this month’s Property Market Update is overwhelmingly positive. We all like good news so here goes…
My last monthly property market update went out just before the General Election. The big question for this monthly market update is: what is happening in the property market today and how will the result of the General Election affect the property market in Scotland? I’ve also put some tips in here about how to help your property stand out and sell in what continues to be a very challenging market in most areas.Your Read More Link Text
Property Market Update – April 2010 – General Election Special!
It’s been understated, dignified throughout and in no way resembled children chucking mud at each other in a playground: yes, I’m talking about the General Election. Mercifully we are almost at the end of the campaign and in less than a week it will be all over. At that point we can finally resume focus on some of the things that have been getting less column inches than they deserve in the past few weeks, most notably Inter Milan reaching the Champions League final, my band’s gig at the Bongo Club last Friday and, of course, property market news.Your Read More Link Text
I’m going to divide this Property Market Update into two sections. First, a general market update which hopefully, as always, helps to give an ACTUAL take on what is happening in the property market rather than headline-grabbing statistics that can often be read in the newspapers. Second, I’ll cover the new Stamp Duty regime, announced in the Chancellor’s Budget last week.Your Read More Link Text