Some of the questions we are being asked – and answers we are giving:
Is now a good time to buy, or should I wait to see what happens….?
Now is an excellent time to buy, but you’ll have to look very hard and be very determined as there is a severe shortage of property on the market.
But it’s a great time for decisive buyers, especially if we can negotiate you a good deal. Some vendors are determined to make a sale before Brexit happens, some need to make sales and some want to make sales.
What about Stamp Duty? Can I expect any changes?
Current levels of Stamp Duty are, in our opinion, here to stay, so don’t hold your breath waiting for any improvements!
Is this a good time to sell?
There’s a shortage of stock in many sectors of the market, as many potential vendors are hanging on to see what happens next.
But life can’t be put on hold for many, so if you need to move house, our advice would be to start the process. If you have a good property without any blight, you should find a good supply of potential buyers. Talk to a good local estate agent.
Is now a good time to buy a holiday home?
The number of UK residents taking holidays at home is rising steadily – factors such as very weak Sterling, better summers, and uncertainty about the changing face of European travel are all relevant. So a good investment in a holiday location at a time when prices are stable could turn out to be an excellent decision.
What about returning expats?
Sterling is cheap, so if you’re paid in Dollars, UK property looks very attractive. Jump in!
What will the effect of a ‘hard’ or ‘soft’ Brexit be on the market?
We don’t believe it will make much difference at all!
All that is needed is forward movement, and the market will become more active.
Demand is strong, and will continue to meet supply, so prices remain stable.
Is this a good time to be a buy-to-let investor?
Yes, hunt for bargains, especially in the new-build sector which, unlike the rest of the market, is oversupplied and bargains are available.
We expect rents to continue to rise.