I was having a lazy Saturday morning, reading through the newspapers at my favourite Blueberries coffee shop in Bexhill. I find the most interesting bits are their commentaries on the British Housing Market. Some talk about property prices, whilst others discuss the younger generation grappling to get a foot-hold on the property ladder with difficulties of saving up for the deposit. Others feature articles about the severe lack of new homes being built (which is especially tr
Recently I was having a chat with one of my second cousins at a big family get-together. The last time I had seen them their children were in their early teens. Now their children are all grown up, have partners, dogs and children. Wow – how time flies! So, I got talking over a glass of lemonade with my 2nd cousins and a couple of their children, about the times of 15% interest rates and how the more mature members of our family had to endure the 3 day week, 20% inflation and
As the dust starts to settle on the various unread General Election party manifestos, with their ‘bran-bucket’ made up numbers, life goes back to normal as political rhetoric on social media is replaced with pictures of cats and people’s lunch. Joking aside though, all the political parties promised so much on the housing front in their manifestos, should they be elected at the General Election. In hindsight, irrespective of which party, they seldom deliver on those promises.
The good old days of the 1970’s and 1980’s eh … with such highlights lowlights as 24% inflation, 17% interest rates, 3 day working week, 13% unemployment, power cuts … those were the days (not)… but at least people could afford to buy their own home. So why aren’t the 20 and 30 something’s buying in the same numbers as they were 30 or 40 years ago? Many people blame the credit crunch and global recession of 2008, which had an enormous impact on the Bexhill (and UK) housing ma
If I were a buy-to-let landlord in Bexhill today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy-to-let. To add insult to injury, Brexit has caused a tempering of the Bexhill property market with property prices not increasing by the levels we have seen in the last few years. I think we might even see a very slight drop in property prices this year and, if
Well, it doesn’t seem like two minutes ago that it was Christmas – and now it’s all over! Happy New Year to you all. One cold December morning, after arranging the office’s Christmas cards I thought I would nip out for a quick festive coffee and mince pie at my favourite local coffee shop, Blueberries Coffee Shop in Endwell Road. I met an old client of mine in the coffee shop and we got talking about the Bexhill Property Market. I had just completed my research for my next b
A few weeks ago I was asked a fascinating question by a local Councillor who, after reading the Bexhill Property Blog, emailed me and asked me – “Are Bexhill Landlords meeting the challenges of tenanted families bringing up their families in Bexhill?” What an interesting question to be asked. Irrespective of whether you are tenant or a homeowner, to bring up a family, the most important factors are security and stability in the home. A great bellwether of that security and st
There’s a whole legion of wannabe Bexhill first-time buyers keen to get on the property ladder and they now have a 3% price advantage over the previously quicker responding army of Bexhill landlords with cash at the ready. Since the start of April, buy to let landlords have had to pay an additional 3% stamp duty so whilst demand from some Bexhill buy to let landlords has dropped away, in the interim, it offers Bexhill first time buyers (FTB’s) a chance to fill the vacuum with