Quoting James Greenwood of Stacks Property Finders
As Burrell, of Capital Economics, explains: “In an environment of relatively weak house-price inflation, there is little to be lost in delaying a purchase until there is greater clarity. At the same time, the situation is not so parlous that you should not commit for fear of a sudden collapse.” In all cases, consider your time horizon — the longer, the better.
“In the past, if people were planning to buy for less than three years, I’d tell them to think about renting instead,” says James Greenwood, a director at the buying agency Stacks Property Search. “That minimum has now increased to five years.” 3 Can I get a bargain? Quite possibly. Remember, though, that the housing market is fragmented — as in politics, what’s preoccupying people in Westminster is not the same as what’s worrying those in Wakefield. In prime central London, prices have dropped by 19.4% since the 2014 peak, but the average property in Westminster still costs more than £1m; in Wakefield, prices have risen by 3.4% over the past year, yet homes still typically sell for £147,718. As a rule, the more expensive the area and the property, the bigger the headline price falls and the better the discount you might be able to negotiate.
Call us on +44 (0) 1594 842880 or complete the form below
View our property finder services
When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
Retirement or semi-retirement is an exciting stage in life. Finding the right home to live in and enjoy it to the full is important. We know that and will do all that we can to understand what you’re looking for… before starting to search. And search we will, until we find the house of your dreams.
Relocating is time consuming and stressful. We regularly work with clients who live abroad. We hunt, short-list, prepare your viewings, and make the search process as easy as possible. We oversee the negotiations, manage the conveyancing, and deal with the headaches, so you can concentrate on other aspects of your move.
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
Receive updates about the world of property, straight to your inbox.