Should you, as a landlord for buy to let or for personal occupation, buy a brand-new home? Well, let’s start by looking at the numbers … Over the last 10 years, 1,949 new homes have been built in the North Hertfordshire area That is a lot of bricks and mortar! Roll the clock…
Category: Property market update
Baldock Property Values 7.7% higher than year ago – What’s the PLAN to fix the Baldock Property Market?
It has been nearly 18 months since Sajid Javid, the Tory Government’s Housing Minister published the White Paper “Fixing the Broken UK Housing Market”, meanwhile Baldock property values continue to rise at 7.7% (year on year for the council area) and the number of new homes being constructed locally bumps along at a snail’s pace,…
50% Drop in Properties For Sale Today in Baldock Compared to 10 Years Ago
There is good news for Baldock buy to let landlords as ‘top of the range’ well-presented properties are getting really decent rents compared to a year ago however, this rise in rents is thwarting many potential first time buyers from saving for both a deposit and money for a rainy day. On top of this,…
Nearly Twelve Babies Born for Every New Home Built in the Past Five Years in North Hertfordshire
Nearly 12 babies have been born for every new home that has been built in North Hertfordshire since 2012, deepening the Baldock housing shortage. This discovery is an important foundation for my concerns about the future of the Baldock property market – when you consider the battle that todays twenty and thirty somethings face in…
Baldock Council Tax Payers Stung by 56.63% above Inflation Rise
Buying and selling a home in Baldock isn’t the easiest or cheapest thing you will ever do. Estate Agent fees, Solicitors fees, Survey fees, Mortgage fees, Removal Van … the costs just mount up throughout every step of the move. Last week, a Baldock landlord asked me whether the Council Tax Band made a difference…
Baldock’s £25,858,560 “Rentirement” Property Market Time Bomb
Yes, I said ‘rentirement’, not retirement … rentirement and it relates to the 104 (and growing) Baldock people, who don’t own their own Baldock home but rent their home, privately from a buy to let landlord and who are currently in their 50’s and early to mid-60’s. The truth is that these Baldock people are…
With Baldock Annual Property Values 4.7% Higher, This is My 2018 Forecast
Looking at the newspapers between Christmas and New Year, it seemed that this year’s sport in the column inches was to predict the future of the British housing market. So to go along with that these are my thoughts on the Baldock property market. With the average 5-year fixed rate mortgage at 1.98% (down from…
Merry Christmas! Here’s to a great 2018 in Baldock!
I would like to wish you and your families / friends a very Merry Christmas! I hope you have all had a great year and look forward to talking to you about the Baldock property market and working with you in the New Year!
Baldock Buy-to-Let Return / Yields – 1.7% to 6.3% a year
The mind-set and tactics you employ to buy your first Baldock buy to let property needs to be different to the tactics and methodology of buying a home for yourself to live in. The main difference is when purchasing your own property, you may well pay a little more to get the home you…
Baldock House Prices Outstrip Wage Growth by 21.13% since 2007
I recently read a report by the Yorkshire Building Society that 54% of the country has seen wages (salaries) rise faster than property prices in the last 10 years. The report said that in the Midlands and North, salaries had outperformed property prices since 2007, whilst in other parts of the UK, especially in…
