Newspapers report property prices in England have soared to a record high – sparking predictions that the country is facing another dangerous property bubble. Values in the East Midlands are still 13.5 per cent lower than their previous peak in the Autumn of 2007. Even with that news, I have been speaking to a couple of landlords over the last few weeks who had concerns in some quarters that the state-backed schemes to boost the supply of mortgages such as Funding for Lending and Help to Buy are inflating a new housing bubble. Those landlords are asking if this means the end of property bargains in Eastwood (and the surrounding towns such as Ilkeston, Belper and Heanor)?
Well, if you do your homework, there
are still plenty of good buys in Eastwood. Don’t expect them to come on the
more popular streets in the town. The first rule of buy to let investment is
that it is isn’t you that is living in the property, it’s the tenant, and there
is always demand for every street in Eastwood.
By keeping
an eye on the local market, I am able to judge if a property is good value to
buy for a landlord. I give this advice and opinion freely to anyone who asks,
be they an existing landlord of ours or of another agents. I will also give it
to anyone thinking of becoming a buy to let landlord for the first time.
I do not
charge for this service, because if I offer you an honest and straight forward
opinion, you may consider using me to manage your property. However, I must
stress there is no obligation to do so. Feel free to pop your head through our
door in Heanor or email me on lettings@sprucetree.co.uk or telephone on 08456 86 0499 to
chat about the ups and downs of the property market in Eastwood.
No comments:
Post a Comment