Tag : house prices
Is Now A Good Time To Buy A Margate Home?
What if Margate's house prices do drop? Then, surely, it’s going to be wise to wait and save lots of money. But what if I told you that for most Margate homebuyers, waiting could end up costing them a lot more money than what they would save on their purchase price! Read the article here…
12/11/2022 12:00 AM 386
What Will Rishi Sunak As PM Mean For Ramsgate House Prices?
What will Rishi Sunak as PM mean for Thanet house prices? Rising interest rates, inflation and the cost-of-living crisis will all affect the value of your Ramsgate home. Yet what exactly should (and shouldn’t) Rishi and his team be doing to protect your biggest asset – your Ramsgate home. Read this article…
06/11/2022 12:00 AM 496
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…
09/07/2022 12:00 AM 551
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.
03/07/2022 12:00 AM 346
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.
27/06/2022 12:00 AM 421
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..
07/06/2022 12:00 AM 435
Will The Margate Property Market To Crash In 2022?
• According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. • In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash. • The insider’s way to find out if there will be a property crash. • … and 4 reasons why buy-to-let landlords are coming back into the Margate rental market to protect their wealth and hedge against inflation.
12/05/2022 12:00 AM 572
Margate Homeownership Rockets By 1,228 Homes In The Last 5 Years
The Margate housing market over the last five years has behaved oddly. Margate house prices are 23.7% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic. Yet, a less observed trend is that the net number of homeowners in Margate has risen by 1,228 households, a jump of 3.7%. Why has growth in homeownership happened, and what does it mean for Margate's existing homeowners (and landlords)?
22/04/2022 12:00 AM 349
How Will Rising Inflation Affect The Broadstairs Property Market In 2022?
The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primally come about by the combination of an increase in demand for goods and services from consumers following lockdown last year together with global supply chain disruptions.
18/03/2022 12:00 AM 790
9,981 Margate OAP Homeowners Could Be Forced To Sell Their Homes As Their Energy Bills Rise
• Will Margate OAP homeowners be forced to sell their home as their gas & electric bills are set to double in 2022? • What can the 9,981 Margate OAP homeowners do to mitigate this? • What are their options if they do need to sell? And what will that mean for the Margate property market as a whole?
03/02/2022 12:00 AM 339
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